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Money and Finances
Reply to "WaPo -- New cars out of reach for many"
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[quote=Anonymous]This is not just a DC thing or an urban/coastal thing or even a rich person thing, you can find people everywhere who just want to drive new cars. We have friends who live in a tiny town in the rust belt and didn't go to college, and they buy a brand new SUV with all the bells and whistles ever 3-4 years, and then always have at least one other car, sometimes two. It's a huge expense but their housing is super cheap (they live in a 4 bedroom house that they have renovated and I think their mortgage is like $800/mo) and they have decent and steady jobs through local industry. They think we are very poor because we only have one car and we drive our cars for 10+ years before replacing. We probably make 6x what they make and have a lot more in retirement and college savings. We just do not value cars the same way they do.[/quote]
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