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View Poll Results: What is your Car(s) value / Home value ratio?
0% - no car (public transit, bike, etc) 8 3.02%
1-5% 132 49.81%
6-15% 86 32.45%
16-30% 18 6.79%
31-100% 9 3.40%
I own a car, but rent 12 4.53%
Voters: 265. You may not vote on this poll

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Old 03-26-2009, 02:34 PM   #61
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Hard to tell, he owns the trailer park, the one behind the car is his office.

Besides that is his other car.
Nah, that's the construction trailer for his new mansion. He just popped in for a quick meeting with the architect and project manager to make sure the shipments of marble and gilded trimwork are stilling rolling in on schedule.
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Old 03-26-2009, 05:41 PM   #62
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The median sales price for an existing house is about $200k. The median for a new care is $27k. Suppose the average "car on the road" is 1/2 the price of a new car. That would give 6.75% for one car, and 13% for two cars.

It looks like this group is a little house rich or car poor. Probably due to retirees who have seen house prices go up while they've been living in them.
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Old 03-26-2009, 08:05 PM   #63
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It looks like this group is a little ... car poor.
...we LBYM'ers get so excited when you talk dirty like that.
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Old 03-26-2009, 10:11 PM   #64
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[Wanders off, thinking "Don't care! Wanted the car, got the car, keeping the car! It's paid for! So there!..."]
I'll just stand over here by Marilyn.
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Old 03-27-2009, 08:47 AM   #65
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I'll just stand over here by Marilyn.
Save some room for me, too.
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Old 03-21-2014, 08:19 PM   #66
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Just got my new car today. About 7% of the value of the house.
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Old 03-22-2014, 07:51 AM   #67
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I voted zero percent. Don't know any other way to indicate that I have no investment in a leased vehicle. What I am paying to drive this car is just like rent. At the end of three years I turn it in and start all over so I have no "skin in the game".
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Old 03-22-2014, 09:44 AM   #68
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Don't we just love our cars... Search "cars" and find them mentioned in about half of all threads.
Favorite vehicle you've ever owned

Checking back to see if your original opinion has changed.
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Old 03-22-2014, 11:41 AM   #69
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Checking back to see if your original opinion has changed.
Mine has. Well, at least it will when our last house (vacant for a year) finally closes on April 3 and it will be OUT of our hands.

So in reality, ours is "infinite" as in a division-by-zero error -- we have two cars worth *maybe* a combined $15K, but DW's employer provides our housing rent-free and pays most utilities.
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Old 03-22-2014, 02:49 PM   #70
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I guess what surprises me most about this resurrected thread is that I still own 2 of the 3 cars I alluded to back in 2009. I finally had to put a bullet between the headlights of the 3rd car (over 20 years old and actually, I sold it for $100) which brings the average age of my 3 cars up to about 14 years. I "traded" as many houses as cars since then (one - and it is worth more.) So, overall, my car value to house value keeps going down. No brag - just fact. Cars are almost too old to figure a value, so I'd guess maybe my new ratio is a little over 1%. As always, YMMV.
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Old 03-23-2014, 11:53 AM   #71
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I guess what surprises me most about this resurrected thread is that I still own 2 of the 3 cars I alluded to back in 2009. I finally had to put a bullet between the headlights of the 3rd car (over 20 years old and actually, I sold it for $100) which brings the average age of my 3 cars up to about 14 years. I "traded" as many houses as cars since then (one - and it is worth more.) So, overall, my car value to house value keeps going down. No brag - just fact. Cars are almost too old to figure a value, so I'd guess maybe my new ratio is a little over 1%. As always, YMMV.

I am around the same figure. You generally can only be that low with one of two reasons. Either one has a vehicle that new cars fear whenever parked beside it in a parking lot, or a huge mansion of a home. Unfortunately for me, I am the former.


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Old 03-23-2014, 12:28 PM   #72
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I live in a studio apartment I ownoutright in a large co-op complex so even a 7-year-old, cheap car will be worth 7% of the apartment's value.
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Old 03-23-2014, 12:39 PM   #73
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About 5%... $20,000 for two cars and one house at around $375,000. I may purchase another house to bring my ratio down though.
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Old 03-23-2014, 05:58 PM   #74
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The ratio for DW and I is right at 15% but we own 6 vehicles (things with tires that require license tags) and our house is relatively modest for the area we live.

Yes, I know... who needs 6 vehicles? 5 have engines (i.e. cars/trucks) and 1 is a travel trailer. I guess I'm a car guy: 1966 Chevrolet El Camino, 1984 Jeep CJ-7, 1999 Honda CR-V (daily driver), 1996 GMC Suburban, and a 2005 Chevrolet Suburban. They're all paid for and we can afford the insurance, etc. so it doesn't seem too crazy to me. We'll be eliminating the Honda or the 1996 Suburban sometime this year.
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Old 03-23-2014, 07:07 PM   #75
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Zero - we don't own a car because public transport is both cheap and excellent out here.
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Old 03-23-2014, 07:21 PM   #76
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I'm at less than 1%; mostly because my car is a beater. I'll probably have to buy something else in the next few years, but I'm holding off as long as I can!
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Old 03-23-2014, 07:29 PM   #77
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2010 & 2014 models: 5.5% of home value. I am envious of those living where public transportation is robust enough to make a car unecessary.

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Old 03-23-2014, 07:33 PM   #78
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Glad to see there's a car guy here. I wasn't sure if I posted I would skew the poll. We own 6 antique/collectible cars and 2 trucks. Vehicles worth 385,000. and smallish house with big garage worth 425,000.
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Old 03-23-2014, 07:38 PM   #79
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I voted 1%-5%. But after I retire, move north to an area with lower housing prices, and buy my new car, my ratio will be more like 20%.
But W2R, didn't you buy a gorgeous new Toyota Venza after you retired just a few years ago? Didn't you say it might be your last car? I reckon you should be able to get many more years out of the Venza as I know you don't do much long distance driving with it.
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Old 03-23-2014, 07:40 PM   #80
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But W2R, didn't you buy a gorgeous new Toyota Venza after you retired just a few years ago? Didn't you say it might be your last car? I reckon you should be able to get many more years out of the Venza as I know you don't do much long distance driving with it.
But Meadbh, did you notice that my post that you quoted, was from 3/23/2009? I didn't retire until later that year, and I didn't buy my Venza until 2010.

You're right - - I only have 15,000 miles on it even though I drive it almost every day. I just don't drive very far, I guess!

The present value of my Venza is about 10%-11% of the value of my home. It has gone down in value quite a lot since 2010, and my home isn't worth much either.
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