Quote:
Originally Posted by opendoor
No, because a $2m house doesn't eventually depreciate into a $150K condo. When people talk about "saving money" buying used, they're talking about getting the car at a better spot on the depreciation curve when compared to buying new.
|
Some people just like new cars, I don't see anything wrong with it. If they get more enjoyment out of owning a new car, who are other people to judge if it's a "bad investment". It's not an investment, it's a material good, just like a computer or a tv.
Heck, some people spend insane amounts of money going out for dinner or out drinking. But you don't see people telling them they should eat at home or buy booze from the liquor store instead since its such a bad investment to go out all the time.