Join Early Retirement Today
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

Reply
 
Thread Tools Search this Thread Display Modes
Old 03-23-2014, 07:48 PM   #81
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,020
Quote:
Originally Posted by W2R View Post
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.
Oops, I completely missed the date on your old post. I assumed this was a recent thread. Now it all makes sense!

I calculated about 15% based on what I paid for the car in 2012 and the home in 2010. Both gave decreased in value so anything else is a guess.
__________________

__________________
Meadbh is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-23-2014, 07:58 PM   #82
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,449
Looking through the thread, I saw that I participated with a post. Way back then, we had just 2 cars, but have since added an RV and a toad, both bought used.

These recent vehicles and the other old cars that I still have do not even add up to the Audi that my son bought, so I won't bother to estimate their values relative to my 2 homes.
__________________

__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 03-23-2014, 08:00 PM   #83
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Quote:
Originally Posted by Meadbh View Post
Oops, I completely missed the date on your old post. I assumed this was a recent thread. Now it all makes sense!
I just noticed that it was posted 3/23/09, and today is 3/23/14. No wonder it was confusing! What a coincidence.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 03-23-2014, 08:04 PM   #84
Full time employment: Posting here.
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 887
No need for a car as I can walk everywhere, public transit is good and a Big Mac can be delivered in 15 minutes.
__________________
NYEXPAT is offline   Reply With Quote
Old 03-23-2014, 08:06 PM   #85
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,149
Quote:
Originally Posted by W2R View Post
I just noticed that it was posted 3/23/09, and today is 3/23/14. No wonder it was confusing! What a coincidence.
Yes, someone just bought an expensive new car and wanted to tell us about it...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-23-2014, 08:09 PM   #86
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Quote:
Originally Posted by REWahoo View Post
Yes, someone just bought an expensive new car and wanted to tell is about it...
Huh? I was driving a 9 year old car on 3/23/09 when I posted that, and I am driving a 4 year old car now. If either of those qualifies as "new" to you, you need to take your DW out car shopping!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 03-23-2014, 08:13 PM   #87
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 1,587
I was not around when this thread started, but since I do old cars as hobby and have a lot of cars and trucks, my ratio is around 50%.
__________________
After Monday & Tuesday even the calendar says, W-T-F...

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/16 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 03-23-2014, 08:15 PM   #88
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,149
Quote:
Originally Posted by W2R View Post
Huh? I was driving a 9 year old car on 3/23/09 when I posted that, and I am driving a 4 year old car now. If either of those qualifies as "new" to you, you need to take your DW out car shopping!
Uh...I was talking about the post below, resurrecting the thread from the dead and the source of the confusion...

Quote:
Originally Posted by HillCountry View Post
Just got my new car today. About 7% of the value of the house.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-23-2014, 08:18 PM   #89
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,949
Quote:
Originally Posted by REWahoo View Post
Uh...I was talking about the post below, resurrecting the thread from the dead and the source of the confusion...
Oh, right!! I get it now.

I think that is terrific that somebody got a cool new car. It was a bit confusing, though, wasn't it!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 03-23-2014, 08:40 PM   #90
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Location: North Bay
Posts: 1,026
As expats we only have an old minivan we use during our semi-annual US visits. Value: $3000. But we still have two houses in the US...value:$900k. Overseas we don't own anything. So ratio <1%.
__________________
scrinch is offline   Reply With Quote
Old 03-23-2014, 10:17 PM   #91
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,328
I thought we were being rather frugal on our car purchases but I see I still have much to learn from the frugal masters that post here. Lower car values would lower our registration and insurance costs, too, so I'll have to keep that in mind on our next budget review.
__________________
daylatedollarshort is online now   Reply With Quote
Old 03-24-2014, 08:23 AM   #92
Recycles dryer sheets
 
Join Date: Aug 2011
Location: Atlanta
Posts: 420
Quote:
Originally Posted by bank5 View Post
Anyone care to post your car(s) value / home value.

Mine is ~3.7% which I think is pretty low thanks to my junker I bought an old Mazda Miata 3 years ago which was a great financial decision. The thing is a blast to drive, has held up well and kept it's residual value. My commute is only 2 miles so it's tough to justify a new car.

I wonder what the average ratio is on these forums. Who has the lowest?

Car $1800
House $450,000

.4 of a percent
__________________
SJ1_ is offline   Reply With Quote
Old 03-24-2014, 08:31 AM   #93
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,437
Two 10 year old cars - less than 2%
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 03-24-2014, 12:15 PM   #94
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,387
I don't have a car now; but if or when I do again have one, I will not be joining the race to the bottom with cheap. If you are in meaningful wreck, as I have been, a newer car with new design and safety features might save your life or a loved one's life.

Of course if you spend a lot of time on motorcycles or bicycles in traffic likely you will not improve much by driving newer, larger, safer cars, as being taken out at an intersection on your bike or bicycle would pretty much cancel whatever safety advantage you get from driving a Mercedes automobile.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 03-24-2014, 12:22 PM   #95
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
Quote:
Originally Posted by FIREd
Cars, about $10K combined.
Home, $240K.
Ratio: 4.2%
My my, things have changed quite a bit since 2009!

Our 2 older vehicles were replaced by brand new ones in 2010 (current value $25K combined). And we became renters in 2012 and currently own no real estate for personal use.
__________________
FIREd is offline   Reply With Quote
Old 03-24-2014, 01:00 PM   #96
Full time employment: Posting here.
 
Join Date: Jan 2011
Location: Just North of Boston
Posts: 522
I voted 1-5% since my car is worth about $20 and my house is around $600k...

I would have to go to 5-10% if the vote was for vehicles, since I just brought home a new 2014 Harley Davidson Street Glide Special last Friday.
__________________
ChiliPepr is offline   Reply With Quote
Old 03-24-2014, 01:48 PM   #97
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,437
Quote:
Originally Posted by foxfirev5 View Post
Two 10 year old cars - less than 2%
My DW reminds me that will change when I lose my $40k company vehicle. Another reason to postpone ER.
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 03-24-2014, 02:31 PM   #98
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 5,900
There's no option for "0 to 1%"?

Our car is worth approximately 1/375th of our estimated home value. Of course we may well be inflating the value of our home, as owners tend to do. It might be only 1/300th.

Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success to be able to spend your life in your own way. Christopher Morley.
Amethyst is offline   Reply With Quote
Old 03-24-2014, 07:44 PM   #99
Recycles dryer sheets
chris66's Avatar
 
Join Date: Jan 2014
Posts: 78
We have a much higher ratio of cars to house right now, but this is just timing. In 1999, we traded a pickup for our Fit on a Cash for Clunkers deal. Last year, before the layoffs, we had an urban home that sold for 425K and a rural home in another state worth about 200K, and the Fit and an old Vibe - so before the move, we were probably about 1 or 2 percent (the Vibe had been rode hard). Last year, we sold our urban home, but bought a new truck for hauling building and gardening supplies, and so we'd have 4WD. So, we're probably at 16%! But, since we generally have a pretty low ratio...I guess I'll have to keep improving this house and get that back down to single digits
__________________
chris66 is offline   Reply With Quote
Old 03-24-2014, 10:10 PM   #100
Recycles dryer sheets
 
Join Date: Jan 2006
Posts: 309
My ratio is 0.007%. Approx 3k car on house value of 380k.
__________________

__________________
accountingsucks is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll:Has Your Home's Value Rebounded? Beryl FIRE and Money 89 06-27-2013 02:44 PM
401k (high expense ratio) vs. Non-Tax deferred account (low expense ratio) Mike54 FIRE and Money 15 11-11-2012 11:31 PM
Upside Down House-Car Ratio Amethyst Other topics 41 11-27-2011 02:47 PM
Buffett Likes Ratio of a Country's Equity Total Market Value to It's GNP haha FIRE and Money 4 06-21-2011 01:40 PM

 

 
All times are GMT -6. The time now is 01:35 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.