Not from what I’ve seen first hand.

If you’re in Vegas, and you’re lower level personnel, you’re spending all of Monday tearing stuff down and preparing it to be shipped to Abu Dhabi. Maybe Tuesday as well, it’s A TON of equipment. You need to be in Abu Dhabi, at the absolute latest, by Thursday morning to set up all the equipment so it’s ready for…

Even if you don’t get ALL of it back, it’s simply wild you can sell them very consistently for more than MSRP 3 years later. While GT3s aren’t made in huge numbers, it’s not like this is some super special limited run vehicle either.

I highly, HIGHLY doubt all the personnel do. The drivers might, but between setup and teardown there’s no time to go back, not to mention shipping all the equipment everywhere.

Seems like scheduling the races in a more intelligent way would help too.

911 GT3s are wild. Buy it, drive it for 2-3 years, sell for a profit on BAT. In reality it’s the cheapest performance car to own.

If large banks start to fail due to their recklessness in the bond market it will certainly affect the average person. They’re using the same excuses that they used during the mortgage crisis, “BUT IT’S BONDS, IT’S SAFE TO HILARIOUSLY OVER LEVERAGE!”.

Exactly. Detroit metro used to have a good income/cost of living ratio due to the engineering jobs in the auto industry, now it’s $450k for a three bedroom ranch fixer-upper with no basement. $2k/mo for apartments.

I think the “next year we start to lower them” attitude is a core part of the problem. We’ve become so spoiled, so dependent on easy money that we can’t survive as an economy without historically low rates. A 7% mortgage or car loan rate is, historically, pretty good. In the 90s you’d have done very well to get a 7%…

All of what you’re saying makes me even more skeptical. If people have more debt but are making small service payments, what happens long term?

Lol’d at this, mostly out of grim knowing.

Same, we re-fi’d and our payment is so low, with such a low interest rate, I can literally never move. We bought in 2019.

It’s insane. As you pointed out, $100k/yr is doing “okay”....what’s crazier is it’s just okay in places like Detroit and Charlotte, forget SoCal NYC or Chicago.

I’m not sure how long the market expects to go on like this.

Also, I shouldn't really need to say it, but you'd obviously go nuclear if you were serious about changing things.

I didn’t say environment.

Nowhere did I say Hydrogen is actually good for human rights, but it’s better than what’s going on with oil and cobalt/lithium.

Nuclear is definitely the way forward for electricity itself, by far. Still have to get it in/store it in the car somehow though.

Sad thing is, the cobalt and lithium industry are no better....and may be worse.

Red Bull made, real profit, ~ $2.7B in 2022. Mercedes made, again real profit, ~$15.3B in 2022. So yes, there is a pretty big chasm, but it’s not like RB are a small company.