Thread: Investing 102
View Single Post
  #2588  
Old 02-11-2013, 04:13 PM
WSSix WSSix is offline
Lateral-g Supporting Member
 
Join Date: Nov 2008
Location: Dunwoody, GA
Posts: 6,577
Thanks: 1,566
Thanked 857 Times in 644 Posts
Default

Quote:
Originally Posted by GregWeld View Post
It always amazes me when discussing our hobby with people... how many people are trying to build a 100K car on a 75K salary. I shake my head to try to clear out the cobwebs hoping I didn't hear incorrectly. I just paid 15K to the upholstery shop for Rudys Camaro... and I wonder how long it would take for someone to "save" this amount... and how much it would EARN if put into something important vs upholstery!

I just read that people are once again using their homes as piggy banks... there were numbers to back up the claim.

I find this absolutely STUNNING.... apparently "we" never learn from our past mistakes.
We are a materialistic society. I can understand it to an extent as I think we all suffer from it but I personally believe too many people have taken it way too far.

Today I just saw a new GMC Escalade advertised for $71k. I had no idea they cost so much. That's a stupid amount of money to pay for that vehicle yet they are everywhere. There's no way all the people owning them can truly afford them. But, we live in a gotta have it society. It's going to harm us all again.
__________________
Trey

Current rides: 2000 BMW 540i/6 and 86 C10.

Former ride: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims
Reply With Quote