The Debate (6); why house is better than car

Let’s say, you did something very important for the prince of Kuwait and his reward was for you to pick any house of your choice or your dream car, let’s say Lamborghini. What will you pick?

For me, I’ll go with “a house” any day, anytime and I’ll tell you why… but before I do that, I’ll love to invite @sweetestglo-eu, @smyle and @sirexcellence01 for this contest.

Looking at the two comparison, I’m here wondering what is the worse that could happen if I pick a “car” over a “house”. The worse that could happen is that my wife and my children will beat the hell out of me, till I get my senses back.

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No doubt, cars is now a necessity in our day to day running of our lives but I can’t live inside the car with my family. Except I’m thinking of sleeping inside the booth while my family sleeps in the car. Then whenever we feel press and want to use the convenience, we find a nearby bush…. That’s preposterous. Having a house doesn’t only give you and your family comfort alone, it also gives you a sense of security from arm robbers. Owning a house provides stability, and it gives you a place to call home

Car is more of a short term investment. It can have issues at any time and this will lead to you spending unnecessary money you never budgeted for. Trust me, when one part of a car starts having fault, it gradually spreads to other components if you don’t notice it on time. But in the case of a house, is a long term investment. It might be quite expensive building a house when compared to buying a car but one good thing about the house is that once you have erected the structure, is once and for all. You build it according to your own taste and specifications. Sometimes you see buildings that have stayed hundreds of years for example, “White House” in America.

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A lot will want to argue that car can be used to generate revenue by running Uber or Bolt transport services but they won’t put into consideration the cost of fuel, engine oil and little maintenance they will do to keep the car running. But if I have a house, I can use that house to generate revenue through yearly rent from tenants and think of running maintenance of the building, probably once in 4 years. So, you can see the economy importance of owning a house.

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One thing people seem to forget about car is that, a car you bought $1 million dollars today, come in the next 5 years, the price of that car will depreciate because there will be latest vehicles leaving the former obsolete. It’s even worse if the car has been fairly used and you want to sell it. The price value of the car will so reduce, it will be like a giveaway price. Bringing down this same model to housing system, the reverse is the case. Houses appreciate in prices especially for those into real estate business. People are willing to buy houses whatever the amount as long as it meets their expectations and taste.

The truth is that, while owning a house might be my top priority, it may vary for others depending on the individual circumstances, financial capacity, and lifestyle. We all have different goals and needs.