Monday, October 22, 2007

Property or Car

One thing I know about myself is, when I actually have the cash in my hand, I would feel very hard to depart from it especially if the money is being used to purchase something that has no returns in monetary value like buying a new car.

You spend 100k to buy a new car. A day after that, the value drops by 20%. So if I were to be given an option, I'd rather drive my old junk and use the 100k to buy property with Arizona real estate if I were to live in US where the value increases each year. I can also rent it out and my home loan will be paid by my tenant. Isn’t that wonderful? :)

What would you do?

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