Choosing between buying a car or a house has constantly been a chronic dilemma just like choosing between going to a G-Eazy or Kanye West concert. IT’S THAT CONFUSING RIGHT? But sit down and take a chill pill as It all goes back to your priorities at the moment. It’s all about needs guys and not wants so, please don’t attempt to go broke just to look rich.
If you need to go somewhere and public transportation is out of the question, then a car is a better option. No one would wanna walk and get sweaty in this oven-like country to go to ZOUK to get down and funky with your friends. Also, having a car enables you to earn an extra side income through the service of doing Grab. Who wouldn’t want to be hella loaded with some extra money!
However, what goes up must come down and having a car does have its disadvantages. The value of the car declines over the years and when you do decide to sell your car, you’re not going to get your money's worth. Not to mention, the interest charge is relatively high which leads to you having to pay more than the actual price.
On the other hand, buying a house first is a good investment in the long run and owning your own house like in the movies can be so glamorous. Unlike a car, the value of a house has a significant increase and the interest charge is low. So by the moment you sell the house in the future, you’ll be hella BALLIN by then!
Don’t make up your mind just yet, a house requires you to prepare a large amount of money for the down payment and a monthly commitment of an agreed amount. So, if you currently have student loans to pay off then it would not be the best idea because the amount of money you need will certainly blow you off the roof!
Overall, having either a car or a house is definitely satisfying but always remember to measure your priorities first and carefully decide whichever you need the most. Remember to always be realistic with your plans. To find out more tune in to episode 13 of Hello I have Issues to learn everything about living alone.