Re: Why do people spend so much time and money on cars?
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Because this is America and Americans are dumb and shallow.
I fully agree with you. Nothing dumber than financing a $70K Beamer and trading it in for $5K after driving it for 5 years and putting 100K miles on it.
This doesn't apply to people who purchase old beat up cars to fix up as investments. Those people are cool, and smart.
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This was stated earlier but I will repeat it, people don't buy cars as an investment. It isn't investment, they enjoy high quality automobiles.
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Checkraise, this is precisely what makes them dumb. You should think of every dollar you spend as an investment. If a purchase is not an investment, then it should be strictly for utility.
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Geez, so people shouldn't buy that shirt they like, they should get a Walmart one, and those nice golf clubs, better by the Costco set instead.
Never spend any money on something that is not an investment and not used for utility?
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Shirts and golf clubs cost a lot less than a car. People do make plenty of mistakes on buying clothes and golf clubs, but the mistakes are a lot smaller, in some cases, almost negligible.
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