Quote:
Originally Posted by jdlmodelt
I get the feeling you are out of touch. Think about the income of the average worker and the cost of new cars that can be $20-$50k. At ten percent of their income that would suggest they are earning $200k-$500k. That's way above average income for most folks. But, that's what they have to pay to purchase a new car. People are spending way more than 10% of their income to buy a car everywhere...
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you're talking average income. I'm talking about what is owned minus what is owed.
two very different things.
Also, a car does not represent the same thing for a driver earning the average income and someone in the top 0.01%.
The average guy needs it to get to work, it's not a speculative play or toy. Living expense vs. (supposed) investment.