Car to house value ratios

[Lockhouse]

0.18% and 120%

Live in South East - married with kids, medium house, big mortgage, reasonable car, no liquid assets - all long term savings.

[ASB]

Oh go on then.

Car to house 0.5%
Car to liquid assets 1%

[Paddy]

0.2% & 0.5%

[gingerjedi]

This idea was brought on by seeing a Lambo outside a really scabby terraced house and wondering what they were thinking.
.

Threaded?

[sasguru]

Then again, maybe you live in a million pound mansion and ride a bike.

[Bagpuss]

I was thinking of a financial p1ssing contest for today where you don't actually reveal how much you earn or how expensive your house is.

I came up with the car to house value ratio, and we could also add the car to liquid assets ratio. The optimium % is as low as possible, with a car value of 5% of house value being a sensible maximum.
But I should think there is quite a difference in the averages between north and south.

As for the car to liquid assets ratio, I would guess due to the uncertain nature of contracting we are much more likely to have savings as multiples of car values, rather than the other way around like permies trying to keep up with the Jones while concealing ever increasing levels of unsecured debt.
As a sensible target I guess your car value could be at most 30% of the value of your liquid assets. For some it maybe 3%, then again for other people could be over 100% if they have finance and no savings.

This idea was brought on by seeing a Lambo outside a really scabby terraced house and wondering what they were thinking.

Then again, maybe you live in a million pound mansion and ride a bike.

Don't forget house prices are silly now, a scabby terrace house (or cottage as it's called in the sarf, in the north a cottage is in the countryside) is worth as much if not more than a supercar, this was never the case until recent history which shows how over valued houses are.

[angusglover]

0.001% and 0.00034%

[Bagpuss]

came up with the car to house value ratio, and we could also add the car to liquid assets ratio. The optimium % is as low as possible, with a car value of 5% of house value being a sensible maximum.
But I should think there is quite a difference in the averages between north and south.

Surely this is a contest to see who has the cheapest car, obviously the winner will be someone without a car, or someone running an old banger. So the winner will be a tight b@stard.

[Xenophon]

The value of my car doubles when I fill it up with petrol...

Still running that Volvo, ZG?

[Bagpuss]

The value of my car doubles when I fill it up with petrol...

I though you'd be running it on chip fat