1.4% for my 1998 Ford sedan and two-bedroom condo in the near suburbs of Chicago, per Zillow and Kelley. That would be 0.98% if my condo was worth what I paid for it in 2005, near the peak of the market. 
The car would have depreciated no matter what the economy or real estate market did. 
Yep. My car is worth a larger percentage of my house than what might be considered wise by some, but I don’t care much about having a big fancy house, and I consider cars to be my #1 hobby. I don’t play golf or drink craft beer or smoke cigars or fly radio-controlled airplanes or play video games or buy expensive stereo gear…the amount of money I spend on my car actually pales in comparison to what a lot of guys spend on all that stuff, so I’m perfectly happy with the whole deal.
If I was struggling to make rent and paying a big car payment, it might be an issue…but I’m a homeowner, happy in the house that I’m in, and happy with the car I drive not only as a means of getting from point A to point B, but as a passion in life.
0.9%. My car is 12 years old and I live in the CA Bay Area. When I bought each (roughly the same time), it was about 10%.
This is probably the closest to my own situation. 12 year old car, newly purchased for $14,000, now with 70,000 miles. KBB says $4k so that puts it at 0.6% of my house value. When purchased and two houses ago, it maxed out at 4% of the house value.
My rental is in a fourplex worth $1.27 according to Zillow, so I’ll call the market value of my space $320,000. I pay a realistic fraction of the estimated mortgage on that. My Civic would cost about $19,000 for this year’s model, or about 6%. Realistically, it’s a 2006 with 110,000 miles on it, and is worth maybe 1% of the house value.
Current value of house and car? Then about 2%. At time of purchase for both? About 7.5%
I have 6 cars and a motorcycle that total up to about 25% of what I paid for my house. I paid my house mortgage off early. All vehicles are paid for and all were purchased with cash (no money wasted on loan interest). I have money in the bank and money in a 401k.
Some of those cars are just toys, but I’m failing to see how I am being financially irresponsible.
Three model years ago, the new car was 49% what I could get for this house. Now, it’s 29%. The car’s not that expensive- I bought a cheap, but decent house (still needs a bit of work, but it’s home).
I do have four vehicles and two houses- all completely paid for.
Let’s see. I live in the Bay Area, so we’re out of whack right there. We have two cars. One of them is paid for. Check. One is spendy, but related to the value of the house, hmm, carry the one, divide the square root of why the hell do I have to live here and commute 4 hours a day, it was under 10% when it was new, under 5% now. Because I live in one of the most expensive places on the planet.
And I’m fine with my spendy car because I spend more time in my car awake than I do in my house. The only reason I can say I spend more time in my house is because I sleep there.
Our families car is about 1% of the value of our house. How on earth can people have cars that are worth almost as much as their house? :eek: 