Great, another TrumpliKKKan whose understanding of economics is limited to the half of “Atlas Shrugged” they read in their second semester of community college and “Schoolhouse Rock”.

On average there were 562,000 jobs created per month in 2021. 457,000 per month so far in 2022.

It’s pretty clear this is ridgeline...um...inspired.  That bed/cab wall is a direct...er...homage.

I feel ya, most people don’t think like you and me though. They have no concept of saving, they think day to day and not year to year so saving a little today means absolutely nothing because they don’t look big picture. Just that they stuck $5 away yesterday they could use to buy that thing they don’t need today,…

83-84 and I’m already soaked in sweat.

Not to give advice, since I sure don’t look like I should.

Well, before now, loans were more like 0-2% because those people have great credit and pay less for loans. Also, broad market ETFs are what you need to look into. They will typically(typically, not this year though) make between 7-10% a year and you don’t need to pick individual stocks. Individual stocks have made me…

Because a lot of people DON’T make that much money and are trying to flex.

You do realize, though, if you sell your car- even for more than you bought it for- you won’t have a car anymore, right?

It is depreciating. Can't count on it appreciating and fluctuations are that: fluctuations. 

what about an inflation? What you paid for it is not worth what it was when you were buying it. 

LOL

I think you are ignoring basic financial accounting and planning. No one in their right might would ever consider a car an appreciating asset, even in todays market. You might luck out and cash in at the right time to make it SEEM like an appreciating asset, but overall, it is not, it is a gamble at best.

Still, none of what you said changes why cars are a depreciating asset, you are just explaining how you may have lucked out slightly in this weird time. Don’t expect to do it again in a year or so. 

There are absolutely some higher earners that seek bling. BUT, the industry that I’m in probably has a large share of the $100k earners, and outside of the sales guys, most folks sit in the “can’t stomach that much of a payment” category. They’re typically fairly frugal with money... so I’d guess that there’s actually…

If you plan to keep the car for more than a year, yes it is still a depreciating asset. Unless you capture that rise in value NOW, it is only going to go back down in a years time or so and most people keep cars for 3+ years. And if you DO capture that rise in value now, you are just going to need to buy another…

I don’t think you are an outlier. I feel like a lot of the people who spend $1000/mo on a car are the people who make less than us but are trying to show off.

I am hesitant to make that assumption. Considering the financial illiteracy of most Americans, it’s just a number on a piece of paper they sign. That is, until the payment is due.

That is not at all what I said, I said I cringe at car payments over $500. Never said I don’t understand people spending more than that.