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Originally Posted by Kirk
One of my co-workers likes to live large. He's thus always tried to own a 911 - even if it was a used one that he could barely afford. Good for him - living the dream. But when pushing your budget like that it's hard to always keep living that dream.
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One of my personal "life lessons" is to never own anything that I can't afford to keep up or replace. You see people all the time who buy Porsches and then flip out when they find out what it takes to keep them going.
Same thing's true of home ownership, but at about a 10X expense level
