Housing or car, which one is more profitable??

[Sincerem]

Maintenance should be relatively easy if you have workers who make sure they do good quality work initially.

This can make you take up to 5 years without carrying out any major repairs.

That's correct you said, repairs/maintenance isn't everyday. It can be scheduled every 3-5 years to maintain it. If one uses quality materials to construct the house, it will last longer. And it won't break down a little while.

 

[Sincerem]

i think housing is more profitable than selling cars beacuse everyone cnnot efford cars and car are not the basic need housing or shelter is the basic need of everyone go for housing

Thanks for your advise. I'm considering the two options simultaneously. But I think both of them are lucrative, maybe I'll run both in the future and make more money as well. But I'm going to start one first, maybe later I will start the other. When I have enough finance to finance another one, let's hope the future is brighter for us.

 

[btaliat]

Real estate is better by far than selling cars. People always fend for shelter but cars can only be affordable by few people. Start real estate first and you may later start your car business

 

[Patrik]

They are both lucrative businesses but i personally would go for housing ( house renting ), remember that you have to spene a lot of effort to sell a car for profit when cars are actually not a must to live like are houses, so housing is better as a summary .

 

[Adexgrace]

Considering the human scale of preference, more people do more of housing than car because people prefer to own a house to a car. So housing is more profitable.

 

[Sincerem]

In my point of view housing investment is much profitable instead of car investment because housing investment provide you long term benefit and you can huge amount of profit from housing buisness.

That's okay too, housing project is beneficial long time in future. I see it like top investment in the future just like car type. This investments are long time projects that brings steady income in.

 

[Johnbami]

Housing business have more profit than cars business because many people will like to have there own house than having car.
Housing business have more profit because u will build the house and use it for rent and gain your money back within few times time
Car business now u will still use your money and u are not sure if u will still gain the money back.

 

[Emmanuella]

Both are profitable but in most cases it depends on the area and the purpose for investing either in car or house, if they are for purpose of business then I'll go for car....you can as well register it under transportation companies and at the end of the day you're sure of a good return. Car can generate money on a daily basis that's if you plan and manage it properly

 

[Sincerem]

Housing business have more profit than cars business because many people will like to have there own house than having car.
Housing business have more profit because u will build the house and use it for rent and gain your money back within few times time
Car business now u will still use your money and u are not sure if u will still gain the money back.

Yeah, I hears your own view about which is better, you made good points. Their are many benefits when it comes to real estate investment, you house well structured is an asset of real estate, you can put the house on for sale, rent or lease it still make profit out of it.

 

[Ojonuyo]

Building houses for rent would be profitable to you compare to car business. In housing you do not have to bother about shipping and importing fees or entertain fear of losing your goods to sea pirates. Another point to consider is that housing are in high demands everyday.

 

[Sincerem]

Building houses for rent would be profitable to you compare to car business. In housing you do not have to bother about shipping and importing fees or entertain fear of losing your goods to sea pirates. Another point to consider is that housing are in high demands everyday.

You spoke admirably well, during housing project, investment. One doesn't not need to dear about losing out to his house, but in the case of importing and exporting cars, I see risk on it. Cos pirates, smugglers and natural occurrences might sink your goods and you lose everything, that doesn't mean it happens all the time.

 

[Adeyoola7]

To me having a car can boost your confidence and bring joy in ways a home couldn’t. No one’s coming to your home if you live far away which most home owners do. And if you do live close, some people will free load off your hospitality anyways. You become that host of the party type person.

 

[Richard92]

Housing is more profitable than cars, is better to invest in housing than cars, because cars are sometimes liabilities while house is an asset. Housing do not depreciate instead it appreciate while for cars they depreciate with time and lost their values. A car can not be sold for the same price after two years but a house can be sold for more than it's amount after two years.

 

[Kamon c4]

Well in this case I’ll advise you start with car dealing business causevtge cost of startup will lower than the cost of real estate construction. Real estates requires a lot of capital to start up and it’s a long term investment. Car dealing business is a short term investments you make your profit within a year

 

[Adegbindin Abdullahi]

I would prefer investing in housing than car investment because real estate investment increases in profit every time that is why i think real estate is the best option also it is very profitable . you can also use it for renting purposes.

 

[Sammyesx]

Housing will always be the better option among the two, a car/transport business has so many challenges, the car might get faulty which would In turn affect your profit or the person riding it might start given one excuse or the other.

 

[Damscooguns73]

Concerning comparison between housing or a car business. I will strongly go for housing,though I love cars more but cars actually depreciate and their prices are quite stable at time but in housing ,it always appreciate. You will make your money and also have more profit if you go into housing than car business

 

[Kelvin7656]

It depends, where do you spend the majority of your time?

If your job requires excessive amounts of driving, maybe that answer would be a great car. This is a perfect example for truckers - some of them may not even own a home, but damn, their trucks are nothing less than luxurious.

Something else to keep in mind, though - what many see as ‘great’ cars, like Mercedes, BMW, Audi, Porsche, etc are also viewed in the mechanic world as the WORST cars when it comes to keeping them on the road without breaking the bank.

Personally, I believe that for the 99% of people reading this, your hard-earned money belongs in an appreciating asset that you do spend the majority of your time in, which would be your home.

Cars are always depreciating if they are driven. There is no exception to this, not even the rarest of Ferraris. If you use your vehicle, it is costing you money, and generally speaking, quite a bit of it.

Houses are almost always appreciating assets, assuming you don't choose to buy in right before the next housing crash. At which point, be a wise investor and hold, enjoy your home, and sell it when the wave blows over and it is once again worth more than you paid.

And you know what the best part is? You USED that home and it made you money! Can't say the same for your car.

 

[Gilead]

It's definitely housing.. houses with proper care appreciates overtime while cars are depreciating assets.. I will rather go for house investment than car investment. Especially if the house is based in urban areas.

 

[Khezo]

I would advice to go into the real estate business. Car business is not as lucrative as the estate business. After the whole building face, you sure of selling or renting out to people which would definitely bring in income at the end of it all but for car business, it might take long for you to sell