Are Chevy's a new Hipster thing?

[Anonymous]

Anonymous wrote:We reached $3M net worth in our 30s and drive old Hondas. OP would be horrified.

What's your trick? That's nuts.

[Anonymous]

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

There is a difference between asset and net worth. Just because they drive fancy cars and live in mansions and send their kids off to private schools doesn't mean they are financially independent and can retire early. Truly wealthy people care more about value and getting their money's worth rather than impressing random strangers on the road. That is why you see so many Jeep Grand Cherokees, Chevrolet Suburbans and fully loaded Honda Odyssey and Toyota Siennas in extremely expensive neighborhoods.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ehh I live in a nice neighborhood (million dollar homes) and the majority of my neighbors drive VWs, Hondas, Mazdas and Toyotas. I think people just don't care about cars because their money is in their houses.

My friends who live in townhouse communities have fancy cars like BMWs, Mercedes, Teslas and Audi. The difference is crazy.

Yup. "The Millionaire Next Door" personified. The wealthy drive Fords and Toyota's.

This really isn’t true. It’s maybe true for the “wealthy” in average suburbs where you have a lot of people living on credit and beyond their means. But no, the vast majority of truly wealthy people in America drive nice cars just like they also live in nice homes. Go drive around Greenwich, La Jolla, Jupiter Island, etc and you’ll see plenty of nice cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

There is a difference between asset and net worth. Just because they drive fancy cars and live in mansions and send their kids off to private schools doesn't mean they are financially independent and can retire early. Truly wealthy people care more about value and getting their money's worth rather than impressing random strangers on the road. That is why you see so many Jeep Grand Cherokees, Chevrolet Suburbans and fully loaded Honda Odyssey and Toyota Siennas in extremely expensive neighborhoods.

I don't think you realize how much these vehicles actually cost.

[Anonymous]

Anonymous wrote:In my neighborhood around three or four homes sold to young couples in their 30s. All in the 900k to 1.3 million range. Usual looking couple, he with a beard and a hoodie and her a bit artsy.

Weird part is they all have newer Chevys, Cruz, Malibu, Traverse etc. The 40s- 60s crowd all have BMWs, Mercedes etc.

Is it cause they are broke from home purchase and Chevy has very cheap lease/loan deals? Is is they are uber/metro generation and dont really care about cars and just bought a cheap car to go A to B, or is it some hipster thing buy a Chevy and live in a million dollar home.

Check back here in a couple of years and tell us when their homes have gone into foreclosure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In my neighborhood around three or four homes sold to young couples in their 30s. All in the 900k to 1.3 million range. Usual looking couple, he with a beard and a hoodie and her a bit artsy.

Weird part is they all have newer Chevys, Cruz, Malibu, Traverse etc. The 40s- 60s crowd all have BMWs, Mercedes etc.

Is it cause they are broke from home purchase and Chevy has very cheap lease/loan deals? Is is they are uber/metro generation and dont really care about cars and just bought a cheap car to go A to B, or is it some hipster thing buy a Chevy and live in a million dollar home.

Check back here in a couple of years and tell us when their homes have gone into foreclosure.

Keep wishing. Most likely the couples make plenty of income to pay their mortgage payment and if not, decent chance their parents can help out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

There is a difference between asset and net worth. Just because they drive fancy cars and live in mansions and send their kids off to private schools doesn't mean they are financially independent and can retire early. Truly wealthy people care more about value and getting their money's worth rather than impressing random strangers on the road. That is why you see so many Jeep Grand Cherokees, Chevrolet Suburbans and fully loaded Honda Odyssey and Toyota Siennas in extremely expensive neighborhoods.

I don't think you realize how much these vehicles actually cost.

That's the whole point. These vehicles are expensive but average people just view them as normal cars because the cars don't have fancy badges.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

There is a difference between asset and net worth. Just because they drive fancy cars and live in mansions and send their kids off to private schools doesn't mean they are financially independent and can retire early. Truly wealthy people care more about value and getting their money's worth rather than impressing random strangers on the road. That is why you see so many Jeep Grand Cherokees, Chevrolet Suburbans and fully loaded Honda Odyssey and Toyota Siennas in extremely expensive neighborhoods.

I don't think you realize how much these vehicles actually cost.

That's the whole point. These vehicles are expensive but average people just view them as normal cars because the cars don't have fancy badges.

It depends on how they are loaded. They can be reasonably priced or very expensive depending on the options. Plus, you get a few year old one and they are not that costly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

In places like DC where every other car is a luxury brand, yes. But in other parts of the country, people do not flaunt their wealth and there is less competition to keep up appearances.

I think the myth started when The Millionaire Next Door referenced a survey where the majority of wealthy people at that time drove Jeep Grand Cherokees. I've also heard in separate studies that the most popular car for people worth over X amount is the Ford F150. Which makes sense because of the number of small business owners of blue collar businesses like construction, etc.

I am in a larger midwestern city and despite the wealth, you rarely see Lexus, BMW, Mercedes. It's refreshing to see the understated wealth.

Is it refreshing to see understated wealth because your fragile ego can't take it or is it because it has any beneficial societal value ? Hmm

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

In places like DC where every other car is a luxury brand, yes. But in other parts of the country, people do not flaunt their wealth and there is less competition to keep up appearances.

I think the myth started when The Millionaire Next Door referenced a survey where the majority of wealthy people at that time drove Jeep Grand Cherokees. I've also heard in separate studies that the most popular car for people worth over X amount is the Ford F150. Which makes sense because of the number of small business owners of blue collar businesses like construction, etc.

I am in a larger midwestern city and despite the wealth, you rarely see Lexus, BMW, Mercedes. It's refreshing to see the understated wealth.

Is it refreshing to see understated wealth because your fragile ego can't take it or is it because it has any beneficial societal value ? Hmm

Huh? Go away. It's refreshing to see people being authentic and modest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I still don’t get the beard thing. And it’s a DCUM trope that rich people drive no name cars. Every doctor and nearly every successful lawyer I know drive a BMW, Mercedes, or Lexus. Don’t know if it’s a hipster thing.

In places like DC where every other car is a luxury brand, yes. But in other parts of the country, people do not flaunt their wealth and there is less competition to keep up appearances.

I think the myth started when The Millionaire Next Door referenced a survey where the majority of wealthy people at that time drove Jeep Grand Cherokees. I've also heard in separate studies that the most popular car for people worth over X amount is the Ford F150. Which makes sense because of the number of small business owners of blue collar businesses like construction, etc.

I am in a larger midwestern city and despite the wealth, you rarely see Lexus, BMW, Mercedes. It's refreshing to see the understated wealth.

Is it refreshing to see understated wealth because your fragile ego can't take it or is it because it has any beneficial societal value ? Hmm

Huh? Go away. It's refreshing to see people being authentic and modest.

Who appointed you the harbinger of authenticity and modesty ? Thinly veiled envy and jealousy disguised into virtue signaling . Pro tip, driving a beat up Honda Civic doesn't make you an authentic nor modest person. Smh

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ehh I live in a nice neighborhood (million dollar homes) and the majority of my neighbors drive VWs, Hondas, Mazdas and Toyotas. I think people just don't care about cars because their money is in their houses.

My friends who live in townhouse communities have fancy cars like BMWs, Mercedes, Teslas and Audi. The difference is crazy.

Yup. "The Millionaire Next Door" personified. The wealthy drive Fords and Toyota's.

This really isn’t true. It’s maybe true for the “wealthy” in average suburbs where you have a lot of people living on credit and beyond their means. But no, the vast majority of truly wealthy people in America drive nice cars just like they also live in nice homes. Go drive around Greenwich, La Jolla, Jupiter Island, etc and you’ll see plenty of nice cars.

Yeah, this is nonsense. There may be some hidden "rich" living in middle class suburbs, but the rich by and large do have expensive cars and houses. Since they can afford it, it's hardly a financial stretch or living beyond one's means.

[Anonymous]

Anonymous wrote:I had a 1.2 million home and drove a Honda. What does that say about me?

That you have a $1.2 million home and drive a Honda.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I had a 1.2 million home and drove a Honda. What does that say about me?

That you have a $1.2 million home and drive a Honda.

It says you care about having a fancy expensive house and prefer a Honda. Honda's fully loaded can be pretty pricy.

[Anonymous]

We live in a million + dollar house and DH drives a 10 year old subaru