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Reply to "How are there so many $60, $70, $80+ thousand dollar cars on the road??"
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[quote=Anonymous]The mean income of the top 5% in this area is roughly $500k according to https://statisticalatlas.com/metro-area/District-of-Columbia/Washington/Household-Income At that income, you can easily afford a luxury car. Let's say half of the households in that income bracket choose to do so. half of 5% of the total number of area households = ~54,000 luxury cars for the top 5% of households Add on top of that all the people who overspend or have generational wealth or "need" a luxury car for work and you have a lot of nice cars floating around. And you, OP, see them through your Observer Bias. Not a big deal and not shocking.[/quote]
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