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I honestly believe a majority of them can't avoid their houses today.
I assume you mean "afford" not avoid

Given interest rates, that would be strange. When interest rates were 5 or 6%, you bought a house, and shot up to 12%, absolutely many, maybe the vast majority, could not afford to buy their own house.

Today the opposite is true. If you bought a 5 or 6% and interest is 3%, they might be able to buy twice as much house (whatever the numbers work out to be).

I'm not sure I understand this.
 

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I think many times there are two different scenarios for Porsche owners, talking to ones financial peers and then the rest of the world. When talking to peers, well they might have other priorities. Maybe they spend money on boats or vacations. Their priorities for disposable income are just not the same as ours. So they will never understand. Don’t bother to try to explain, they wont get it. They are not sports car people. Maybe they are boat people and you are not.

The second is the set of people who find it offensive, a waste of money – in their opinion, to buy and have such an ostentatious waste of money. I came across this The TL;DR version, to summarize, is someone asked a Vette owner if he knew how many people the money for the car could have fed.

His response was epic. To summarize, it was sort of …

I dunno but maybe thousands? Those that built it, those that mined the ore for the metal, those that built the mining equipment to mine the ore, those that trucked the ore to refineries, the truckers shipped the car, the builders of the car, the dealer employees. etc. In other words, it fed A LOT OF FAMILIES, some that you never think about. The essence is that is what capitalism does. The chain feeds people you never think about and provides skills and dignity to those involved.

Think about the indirect workers too. The workers who made the roads, built the trucks that hauled the ore, built the power plants for the electricity for the car factories, wrote the software to design the robots to build the cars …. the entire chain of workers to those that roll the cars to the docks, load the ships, unload the ships, transport them to dealers, salesperson, clerical, advertising, marketing, research, engineering, etc. Its endless. It goes back in time to the teachers, instructors, and professors who taught you the skills to make the money to allow you to buy that car. You were able to spend the money because they were paid to teach you and, in turn, you fed their families indirectly. There must be thousands upon thousands of jobs dependent upon the sale of the car.

I think this person response was spot on. So when the next time someone tells you that your car was a waste of money and you could have fed 100 starving people, I might tell them in lieu of what? Feeding the thousands of families it already fed?
 

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I honestly didn't buy my car to impress people. I bought it because I really enjoy driving a roadster that handles well.

I went to my high school re-union recently and drove my other car because I didn't want to appear to be showing off. I have done very well in life and don't need to have to explain anything to others.
 
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I assume you mean "afford" not avoid

Given interest rates, that would be strange. When interest rates were 5 or 6%, you bought a house, and shot up to 12%, absolutely many, maybe the vast majority, could not afford to buy their own house.

Today the opposite is true. If you bought a 5 or 6% and interest is 3%, they might be able to buy twice as much house (whatever the numbers work out to be).

I'm not sure I understand this.
Yes, I mean afford, not avoid. Living in the neighborhood for over a decade now, got to know a lot of neighbors, many hold regular jobs, teachers, police officers, 1st level management. Many of these professions are not six figure jobs, if they are, than it's probably low six figures. From the outside looking in, huge custom million dollar homes, most would assume that CEO's, successful business owners, doctors, etc live in the neighborhood. This post might seem like I'm looking down on my neighbors, it really isn't. I grew up in the ghetto half of my life. I've seen a lot of rags to riches stories. I learned not to look down on people. I'm just surprised I see more Hyundais and Kias in my neighborhood more than Mercedes and BMW's. Maybe they have boats and yacht's hidden somewhere but I highly doubt it with a teacher's salary.
 

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Yes, I mean afford, not avoid. Living in the neighborhood for over a decade now, got to know a lot of neighbors, many hold regular jobs, teachers, police officers, 1st level management. Many of these professions are not six figure jobs, if they are, than it's probably low six figures. From the outside looking in, huge custom million dollar homes, most would assume that CEO's, successful business owners, doctors, etc live in the neighborhood. This post might seem like I'm looking down on my neighbors, it really isn't. I grew up in the ghetto half of my life. I've seen a lot of rags to riches stories. I learned not to look down on people. I'm just surprised I see more Hyundais and Kias in my neighborhood more than Mercedes and BMW's. Maybe they have boats and yacht's hidden somewhere but I highly doubt it with a teacher's salary.
Sounds like they hit the American dream. Buy Low, sell High. They are sitting on paper wealth they can't spend until the sell where they live and its possible they can't afford to rebuy what they bought decades earlier. I think this is more prevalent when interests rates rise whereas today they about give stuff away with 3 percent rates. But I guess it happens.
 

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I think this person response was spot on. So when the next time someone tells you that your car was a waste of money and you could have fed 100 starving people, I might tell them in lieu of what? Feeding the thousands of families it already fed?
I love that! Another option is just to hand the questioner a well-worn copy of Ayn Rand's "Atlas Shrugged"
 

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I'm just surprised I see more Hyundais and Kias in my neighborhood more than Mercedes and BMW's.
Outside the bubble of this community, most people aren't as passionate about cars as we are. I would guess that a higher percentage of people would prefer to spend money on their house than on their car. In my neighborhood (houses are $1.1mil+), there's a good number of BMWs, Audis, MBs, Lexus, but also an equal (perhaps more) number of Hondas, Toyotas, Subarus, Hyundais, VWs, and maybe even a Kia. For many people, cars are just transportation. I'm the only one in my neighborhood with two Porsches and I'm only aware of one other Porsche owner (Cayenne).
 

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Outside the bubble of this community, most people aren't as passionate about cars as we are. I would guess that a higher percentage of people would prefer to spend money on their house than on their car. In my neighborhood (houses are $1.1mil+), there's a good number of BMWs, Audis, MBs, Lexus, but also an equal (perhaps more) number of Hondas, Toyotas, Subarus, Hyundais, VWs, and maybe even a Kia. For many people, cars are just transportation. I'm the only one in my neighborhood with two Porsches and I'm only aware of one other Porsche owner (Cayenne).
I do understand that cars are a means of transportation to most, and Mercedes or a Kia will get you to point A to point B. I've lived in the neighborhood for over 10 years, the community I lived started as a custom community back in 1995, pricing started at $350K. Most of my neighbors has been living there since day one. At that price, many people with a low six figure salary can afford it. I know half of my neighbors (80 Custom houses in the neighborhood) and most have regular jobs, these jobs can't afford any of the houses in the neighborhood today. Below is one listed for sale, basement is not finished, if it was, this house will be listed for over $1M. I've only seen two other Porsches in the neighborhood, both 997's. I walked around the neighborhood a lot during nice sunny days and I do peek into open garages to see what they have (just a curious car enthusiast), majority own Honda's and Kias. Mercedes, BMW, and Audis are rare in my neighborhood, you wouldn't think so from outside looking in.

7400 S Wolff St, Littleton, CO 80128 - Home For Sale & Real Estate - realtor.com®
 

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Outside the bubble of this community, most people aren't as passionate about cars as we are. I would guess that a higher percentage of people would prefer to spend money on their house than on their car. In my neighborhood (houses are $1.1mil+), there's a good number of BMWs, Audis, MBs, Lexus, but also an equal (perhaps more) number of Hondas, Toyotas, Subarus, Hyundais, VWs, and maybe even a Kia. For many people, cars are just transportation. I'm the only one in my neighborhood with two Porsches and I'm only aware of one other Porsche owner (Cayenne).
Same here. Porsches don't impress people in my neighborhood. My next door neighbor has several expensive cars, one of them is a Bentley. I jog every day on the roads in my neighborhood, and I've seen one Ferrari, a 991 turbo roadster, two 981s, and of course many, many SUVs.
 

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Hope it's ok to bring this thread up - great read! Interesting.... consider this predicament. Driving your kid to school... how fun it is to take a kid to school in a convertible right? First it was in a silver miata... which already looks real cool to little kids... I have to say I know it'll be a bit ... odd... to take the kid to school soon in a 981, because some might interpret it as if it is rude to kids that cannot "afford" this luxury? however, why would I not be allowed to give my kid his ride in a car ? (it's not a harrier jet landing in the playground annoying everyone!).

I did once go to a school where one kid would fly in by helicopter every week, heh.
 

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... some might interpret it as if it is rude to kids that cannot "afford" this luxury?
What? This is a joke right? To rude? So what is everyone supposed to do, drive the lowest common denominator? That sounds like socialism, maybe buy a Volkswagen, the people's car, everyone can have a VW.

When I was a kid I saw other KIDS, not parents, but a student driving an XKE, and it was a SHE. Was she too rude?

What's happened to this world? Seriously? IMO, that's just lame. Drive whatever you want. If the other families can't afford it, then it gives them incentive to work harder. Sorry, but this just sounds lame, Boo Hoo.

I can't afford to buy an Italia. Or a Lambo, or a Yacht, or take a world cruise, or Fill in the Blank. So nobody else can?

Life is to short not to enjoy it.
 

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Sorry, I had to go back and reread post #470.

First, I don't understand what kids just don't walk to school anyway. What's the big deal. But that's a societal thing and society has changed. Kids used to walk to school, alone, all the time. Now they can't walk 100 yards without someone watching them.

Second, What's the point of owning anything if you can't enjoy it.

Your Car. Your Money. You Earned it. IMO, do not let others tell you how to lead your life (including this post). It's YOUR life. Do what you want.

Too rude. :rolleyes: These kids are going to wake up one day to a VERY difficult world.

Everytime I see someone driving a Ferrari now, I'm going to have to stop them and tell them to stop driving it. It offends me because I can't afford one. So they can't drive one either :crazy: Why stop there. GET OUT OF THAT McMansion. I can't afford one, neither should you. What, your going on a two week cruise? NO, I can't afford one. YOU can't go.

Sigh. Boo Hoo.
 

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What? This is a joke right? To rude? So what is everyone supposed to do, drive the lowest common denominator?
Nope, this is actually the way people think these days. Have to include everyone, can't make anyone feel like they are left out. Having a birthday party? Better invite the whole class. etc etc etc.

These days you have to be sensitive. Don't offend. Don't think differently. Don't act differently.
 

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Wow, some passion :)

re: school should have clarified a few things - age, elementary. weather: when its cold. I drop off on the way to work... hey believe me as soon as ready kid is walking over :)

re: car and school dropoff, I guess it's just where people assume you're trying to "show off"... its in a way I think even more upsetting to some because I think some of the minivan's (carrying 1 kid mind you) owner's aren't exactly thrilled of how they got there...

well, yes, I will drive whatever I want and if my kid wants a roof down school dropoff I of course will oblige! I'll report feedback as the weather later in the year permits ;) what an interesting thread, 24 pages long... p.s. I will be driving my 981 to work, I'm sad to see those who feel they shouldn't/musn't...
 

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Harassed today because I own a Porsche

Two teenage girls pulled up beside me while I was getting into my car in a parking lot. They said nice car. I replied thanks. They then asked me how much it cost. I said a fair amount. They asked if it was over a $100,000. Which I replied, no do even close. They then asked how I could spend such a large amount of money on a car when we have people living on the streets with nothing to eat. They then drove off. Has something like this happened to you while driving your Porsche?
 

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People think I’m super rich because I drive a Porsche. Not to mention I’m 37 and saved for years to buy it. And it’s a base with a handful of options.
 

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Re: Harassed today because I own a Porsche

Two teenage girls pulled up beside me while I was getting into my car in a parking lot. They said nice car. I replied thanks. They then asked me how much it cost. I said a fair amount. They asked if it was over a $100,000. Which I replied, no do even close. They then asked how I could spend such a large amount of money on a car when we have people living on the streets with nothing to eat. They then drove off. Has something like this happened to you while driving your Porsche?
Not directly, but there are always going to be people out there that think they "are holier than thou". I guess I should sell my car and give the money to the poor but I worked about 50 years, put three kids through college, and did plenty of charity work in my time (and still do) and you know what, I can drive it with a clear conscience. Don't let people, especially millennials of all people, ruin your enjoyment of your car. Nobody gave it to you, you earned it. I am sure that car they pulled up in was paid for by one of their daddies.
 
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Re: Harassed today because I own a Porsche

I'm a bit like Ircipo - worked hard, made it to the "c-suite", moved my family across half the planet in the process, put both daughters through university, bought the last four houses, my Cayman R and my wife's Macan with cash - I'm retired and we have no debt. We are not rich....we are not poor. I raise money for various charities through the year, either by my own active participation (Tour de Cure) or through others. Nevertheless, if I have a tradesman come in for a quote, I won't let them see in the garage or I know I'll be paying the "Porsche Tax". I get comments, but never of the "holier than thou" type the OP experienced. Generally, they are appreciative or curious about the Cayman....the Macan they could care less about....it's just another little SUV.


Enjoy the car. I drive a Porsche because frankly, no one makes a better car.
 
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