To Buy House Or Car?

I hate to make decision especially when come to something that will give you long term impact. if wrong decision being made. For instance, buying new house or new car now will definitely kill you as everyone now is shrinking their pocket, are you dare to spend??? How should we make judgment for that? Usually we will seek opinion from friends, parents, sister and brother or even someone that you trust his/her could give valuable advice.

What will be the criteria or factor that you need to consider before decision making, to buy house or car at this current market situation?

For buying new house, you must consider :
1) current job security (looooooong term commitment)
2) savings for emergency (in case of retrenchment, able to pay installment for house or car)
3) what are the major problems with your current mortgage
4) tackle the problem for alternative solution

For buying new car, you must consider :
1) current job security (long term commitment but easy to resell)
2) savings for emergency (in case of retrenchment, able to pay installment for house or car)
3) what are the major problem with your current car/transport
4) can the problem be solved (repair?)

Write down your concern (as much as possible) and make comparison. Look at the list and see which scenario give the most critical impact that you can't tolerate, then you will know your final decision now.

What if both also not a priority at this point of time? Then you shall take the money for other investment. What kind of investment? Again, got to think, compare ROI (Return Of Investment) and decide..... Good luck!