Teslas and expensive cars

[Anonymous]

I see so many expensive cars on the road these days -- Teslas, BMWs, Maseratti, Porsche, and others. I am curious as to how so many in the NoVA area can afford these expensive, luxury cars. What kind of HHI does it take to own such cars?

[Anonymous]

Many of them are in debt up to their eyeballs.

[Anonymous]

Don’t double post the exact same OP.

[Anonymous]

And some are not in debt up to their eyeballs.

[Anonymous]

It doesn’t take a lot of income to be approved for a loan. But there are many high income people in this area. Plus the stock market is crazy high. Up 22% so far this year. Imagine if your entire net worth went up that much just in 2021. Well that’s been going on for many wealthy people all the way back to 2009.

[Anonymous]

Dc area has its share of wealth. Yea…some are stretching for the name brand cars but plenty can easily afford them.

[Anonymous]

I’d rather get kicked in the family jewels then own a Tesla.

[Anonymous]

I love my Tesla Y. It’s fun, comfortable, looks good.

[Anonymous]

Anonymous wrote:I love my Tesla Y. It’s fun, comfortable, looks good.

That's the cheap one so OP wasn't talking about you.

[Anonymous]

Anonymous wrote:Many of them are in debt up to their eyeballs.

Or they make more money than you do! You can get a Tesla for $35k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I love my Tesla Y. It’s fun, comfortable, looks good.

That's the cheap one so OP wasn't talking about you.

Aww. Aren't you a charming guy. Keep posting.

[Anonymous]

I can’t tell the cheap ones from the expensive ones.

[Anonymous]

Anonymous wrote:It doesn’t take a lot of income to be approved for a loan. But there are many high income people in this area. Plus the stock market is crazy high. Up 22% so far this year. Imagine if your entire net worth went up that much just in 2021. Well that’s been going on for many wealthy people all the way back to 2009.

Yeah, we borrowed $45,000 for a new car in May, and our net worth is up nearly three times that much since then. (Which is one of the reasons we borrowed, rather than paying cash outright for, the car.)