Spend $100k on a rapidly depreciating asset like a car? Why? There are diminishing returns to luxury between $50k and $100k, and unless you're taking it to a track a supercar will be wasted on you (and you'd need to factor in considerable maintenance costs as well).
I make over $300k and I wouldn't spend that much now. I think I would be reluctant to do it even at $500k.
@takeiteazy In your hypothetical scenario, the couple can simply choose not to buy a house. They're living paycheck to paycheck because they bought a home in one of the most expensive markets in the world. Not being able to buy a house and build a sunstantial savings is *not* the same as poverty...
Real info: I drive a Maserati and the statistics show(got the info from the service advisor) that the average income of the owner is 550k. Which actually fell drastically after the release of ghibli. He guessed it’d be 800k-1M if not.
LinkedIn I feel you brother! I’d never buy a Maserati, my wife gifted it herself. I was a previous porsche owner and would’ve gotten panamera, but the chicks! 😪 But tbh.. I started liking it, it’s leased so, will bear it I guess.
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Nobody has posters of spas and trump tower in their bedrooms. But they’d certainly have posters/wallpapers of Porsches and the likes.
I make over $300k and I wouldn't spend that much now. I think I would be reluctant to do it even at $500k.
You shouldn't buy house on 300k salary in the first place.
But tbh.. I started liking it, it’s leased so, will bear it I guess.