Quote:
Originally Posted by filtherton
What does the value of a person's house have to do with the ability of someone living at that house to afford a quasi-luxury automobile?
|
A fair bit, I would say. If one had a great big house with an olympic size pool, 5 car garage and 3k sq. ft guest house, I think it stands to reason that one could afford a $19k Saturn Vue and much more. And if it were a $19k Saturn Vue in said driveway, I would surmise the family as fiscally conservative republican. On the other hand, I think it would also stand to reason that if one had a $75k Jaguar XF and lived in a 2 bedroom apartment, this person would either be Sid Barrett rich and crazy, had a trust fund, engaged in money-making activities not entirely kosher, or lived paycheck to paycheck making $1000/month car payments and raising his family on Spam. Note this isn't a judgement upon their humanity.
I used to live next door to a guy who owned a (one) corner pizza joint. This was in a middle class neighborhood where most of the houses were one story built in the 50s, so most were around $150k. While everyone else in the neighboorhood drove mostly american and swedish midsize beaters, this guy drove a new Porsche 997 Carrera every year, his wife had a new Chevy Suburban Family Transportation Road Behemoth, they had a garage-full of Harley Davidson motorcycles, a 25' fishing boat that he parked on his front lawn (lowering property values imo), added an entire second story to his house (raising property values back up a little) and moved his wife's entire extended family from Mexico into his house. This is in Detroit, not Houston. Oh, the glorious smell of bbq'd chorizo. I was saddened when they moved away.
Point being: while his pizzas were good, they weren't that good.