Just a tidbid here and I dont know why I say this, but I bought my cat at 19 yrs old, and took a 5 year loan on it, and till it was paid off there was no way to buy a house till after that bill was gone. I saved for 2 years and bought my house, then my 32 advantage. In hindsight I would have prioritized it differently, but luckily it all worked out for me in the end.
Sunday, I ran into a customer that bought a new Advantage 21sr w/a 300 pro max on it last spring, he's a 20 something, and loves the boat, but it's time for him to leave the nest, and he hates to do it, but he now is talking priorities, and wants to sell his boat. We all do/did it, but the 5 years I stalled sure made houses cost ALOT more then they were with appreciaton, vs depreciation of a boat. Trust me, I havent prioritized much differently, my boat payment is more than my house payment... Just food for thought
I figure IF I had not bought the cat, saved for 2 years and got a house at 22 instead of 26, the house would have cost around $70-$80,000 less, due to how they appreciate so much and then add the 5 years of boat payments and intrest, gas, repairs, big beer bill. I figure, a really conservative estimate so I dont feel really bad would be that It cost me way more than $110,000 extra for my house in the end, but probably alot more than that. In equity all that money would have paid for my 32. Something to think about I guess... priorities!! I still dont have any though, so I'll shut up now.
Hey Too Old, does this mean I'm growing up?? Anyone that knows me sure wouldnt think so, but I think about things a little now before I do them...