If you truly love your home like car guys love our cars, then there’s absolutely no difference, except the fact is it’s a much bigger cost of entry. It’s like buying an Enzo. Aren’t we all comparing buying vs renting? So buying a car or a house is the same and leasing a car is similar to renting a house. If you keep the car for more than 2-3 years, it’s cheaper to buy than lease. If you buy a house, in 2-3 years, you’ll spend a lot more if you bought than rent. We all need a car just like we all need a shelter. We all can live in a 2 bedroom condo/apartment just like we all can drive around Civic.
So for those who say rich people don’t flaunt, I say, everybody flaunt. If they don’t, they’d be living in a small condo or small house in the middle of nowhere and donate all their money to charity already. The fact is, everyone have a hobble and certain things in life bring them joy, regardless of the $ cost. So if houses bring you joy then, great. For other cars bring them joy. Not everybody buy cars to flaunt. For a car guy, we all wouldn’t mind buying a $10k Toyota if it can handle like a Porsche and look as good as a Ferrari.
