6 ms·
A car is not an asset, but a liability. It doesn't generate money, it costs money. If your 8-year-car is going to make you substantially more money than a chea
by WA 7y ago
A car is not an asset, but a liability. It doesn't generate money, it costs money.
If your 8-year-car is going to make you substantially more money than a cheap car that maybe doesn't require you to take a loan, you have a point. But since cars are about to go from A to B and the status symbol itself doesn't pay for anything, a cheaper car would do.
- nkrisc 7y agoUnless you consider the status utility worth paying for. Some people think it is. I think they're wrong, but who am I to say how they spend their money? Why do people by expensive clothes that are no better than clothes a fraction of the cost?
- toomuchtodo 7y agoThere’s evidence that people make decisions about others based on their clothing, even when directly informed not to during studies, so it appears there might be some utility in more expensive clothing. The appearance of status might beget more status. http://wws.princeton.edu/news-and-events/news/item/split-second-clothes-make-man-more-competent-eyes-others http://wws.princeton.edu/news-and-events/news/item/split-sec... https://news.ycombinator.com/item?id=21751445 https://news.ycombinator.com/item?id=21751445