How much would you spend on a new car MH?
How much did you spend on a house?
Hypothetically speaking, if I spent $135k on my house and it’s paid off and now valued at $420k or so, do you think we’re in a different financial position and I might be able to put more money into a car if I chose to than someone who just bought in Toronto?
You can do whatever you want. If you have cash and want to buy a new car you should do just that.
I spent $7K on a seven year old van with 100K km on it, and I grit my teeth.
I spent $800K+ on a bungalow because I couldn't bear to play casino with an unfair rental market that was costing me $3k per month for housing. I was not enthusiastic about the housing market which is why I was out of it for decades. I still think it's going to crash and I don't care.
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