Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Hector W. Zamora Cordova
  • Real Estate Agent
  • Northridge, CA
0
Votes |
2
Posts

Should I buy a Tesla Model 3 and a Condo or buy a house in L.A.?

Hector W. Zamora Cordova
  • Real Estate Agent
  • Northridge, CA
Posted

I have a choice of buying the condo that  I am currently living in and buying a Tesla model 3. Today is the last day to order car and receive a $7,500 credit towards the purchase of this auto. I will not be able to charge it easily because I will will continue to live in a condo, but can charge it in public places. Prices in San Northridge, part of Los Angeles where I live it's hard to buy a house within my budget, but  schools are very good and my children like them.  My other choice is to buy a house in a C or D neighborhood, cheapest purchase price  is about 350k to 450k.  Any feedback is welcomed! 

Most Popular Reply

User Stats

696
Posts
660
Votes
Richard Sherman
  • Rental Property Investor
  • Salem, OR
660
Votes |
696
Posts
Richard Sherman
  • Rental Property Investor
  • Salem, OR
Replied

@Hector W. Zamora Cordova a super easy way to know if you should buy a car (depreciating asset) vs. a house/investment (appreciating asset) is if you have to ASK WHICH YOU SHOULD BUY then YOU CAN NOT AFFORD THE CAR  :)

Seriously, it's a flipping car, a nice one, but who cares.  I drive a nice car (for me) a 2014 outback, and I had a 2001 prior to that, because it is just a car, like a hammer it is a tool.  I had a buddy that made fun of me "aren't you embarrassed by your car.."  I replied, "aren't you embarrassed by your bank account?"

Stop caring what people think about you and start investing.  Then when you are MASTER level like @Jay Hinrichs you can buy a Tesla a week with cash flow  ;)

Loading replies...