Hey guys, I'm in my 30's now and I'm still single. I own a condo but still drives my dad's old Proton Waja to this day.
I'm wondering, at this point, do I purchase another house/condo (for investment purposes) or do I get myself a brand new car?
My heart tells me that I should get myself a new car (Mazda or Camry) but my gut is telling me to get a second property for investment.
So, I've listed down the pros and cons of each choices:
Buy new car
Pros:
1. It's probably time to replace my old waja. It's 20 years old.
2. Better chance to get girlfriend
Cons:
1. It's a liability. It's just a car at the end of the day.
2. Potential opportunity cost (e.g cannot invest in other things for a while)
Buy second property
Pros:
1. Potential long-term investment (not guaranteed and have to wait 10-30 years)
2. You have two houses
Cons:
1. Life is not all about buying houses like collecting pokemon cards. You need to enjoy life when young too.
What would you guys do?
Buy Second House or Buy Car, Which one would you go for?
Apr 4 2022, 12:18 PM, updated 4y ago
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