Quote:
Originally Posted by chris719
Middle or upper middle class aren't the bulk of people buying new Porsches. The people with a lot of money made a lot more.
|
The people who own most the of assets, tend to get a lot more wealthy during asset inflation periods.
Quote:
Originally Posted by dreamingat30fps
Sure, but my original point is why are "normal" cars also ridiculously priced? Why are "cheap" houses not cheap anymore. The people with a lot of money who made more money are not buying single family starter homes or civics etc. Also I would imagine those people could have afforded the 911 even before all this.
The only thing that would make any sense to me is everyone going YOLO as stated in previous posts.
|
YOLO mentality is exactly what is going on. Debt levels rising.