Friday, February 13, 2009
Would You Buy a Car or a House with Seven Grand?
ABC News asks the question: Would you buy a crappy house or a crappy car if you had seven grand? With the state of the real estate market today, it appears that there are a number of communities in our great nation where a used car - and we don't mean a used Ferrari or Lamborghini, but a used Impala or something of that ilk - can cost as much, if not more than a house. Our answer to the question is if those are your only two options, you're probably not in financial shape to buy either. But if you had to choose one, remember that you can always live in your car but you can't drive your house. I guess, unless you buy an RV.
photo via oldwoodies.com
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