Facebook CEO Drives an Acura TSX
10-16-2010, 02:06 PM
#42
Senior Moderator
....oh geez.Apparently you didn't read my post, so allow me to briefly reiterate.
Sure he can spend his money anyway that he wishes, duh. It just seems that someone in that tax bracket would rather invest his money into something that can build an equity and could eventually pay him back, as opposed to just throwing money away by paying rent for something he can afford with no problems. Plus, I'm sure he doesn't see it as wasting his money or not because he has so much of it, I just see it as a bad decision because if I had a quarter of what he has in the bank I would be investing and buying Real Estate and definitely not renting. But like you said, its his money and he can do whatever he wants with it.
On that note, does anyone know if he bought his TSX or did he lease it?
Edit: At least CLpower and Phile see it my way.
10-16-2010, 04:24 PM
#44
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10-16-2010, 05:14 PM
#45
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I think your comment demonstrates how we as a society expect those in a strong financial position to carry themselves. How we expect them to demonstrate their wealth to us. It's perverse that we determine a girlfriend is merely something to "buy", meant to impress others and nothing else.
Everything is subjective. Everyone is trying to determine what car and home (and now what girlfriend) would be suitable for him. Why? Maybe he's more interested and committed to running his business than worrying about some exotic car. Maybe he'd rather do without the distractions of home ownership at this point in his life as well.
Whatever he decides to drive, where he decides to live, and who he decides to date is up to him. I don't really know much about the guy, but if this is the way he decides to carry himself regardless of his wealth, then his actions speak volumes of his confidence. More so than any material item ever could.
Terry
Everything is subjective. Everyone is trying to determine what car and home (and now what girlfriend) would be suitable for him. Why? Maybe he's more interested and committed to running his business than worrying about some exotic car. Maybe he'd rather do without the distractions of home ownership at this point in his life as well.
Whatever he decides to drive, where he decides to live, and who he decides to date is up to him. I don't really know much about the guy, but if this is the way he decides to carry himself regardless of his wealth, then his actions speak volumes of his confidence. More so than any material item ever could.
Terry
10-16-2010, 06:23 PM
#46
I think your comment demonstrates how we as a society expect those in a strong financial position to carry themselves. How we expect them to demonstrate their wealth to us. It's perverse that we determine a girlfriend is merely something to "buy", meant to impress others and nothing else.
Everything is subjective. Everyone is trying to determine what car and home (and now what girlfriend) would be suitable for him. Why? Maybe he's more interested and committed to running his business than worrying about some exotic car. Maybe he'd rather do without the distractions of home ownership at this point in his life as well.
Whatever he decides to drive, where he decides to live, and who he decides to date is up to him. I don't really know much about the guy, but if this is the way he decides to carry himself regardless of his wealth, then his actions speak volumes of his confidence. More so than any material item ever could.
Terry
Everything is subjective. Everyone is trying to determine what car and home (and now what girlfriend) would be suitable for him. Why? Maybe he's more interested and committed to running his business than worrying about some exotic car. Maybe he'd rather do without the distractions of home ownership at this point in his life as well.
Whatever he decides to drive, where he decides to live, and who he decides to date is up to him. I don't really know much about the guy, but if this is the way he decides to carry himself regardless of his wealth, then his actions speak volumes of his confidence. More so than any material item ever could.
Terry
Its pretty simple. Owning property is better than renting. Got it now? Good.
10-16-2010, 06:51 PM
#47
Senior Moderator
Worrying? Distractions? The guy has tons of money and I doubt owning his own home or having a nicer car would cause either (which I could careless what kind of car he drives, I just think renting when you could own is foolish).
Its pretty simple. Owning property is better than renting. Got it now? Good.
Its pretty simple. Owning property is better than renting. Got it now? Good.
Who cares if he rents or not? To us mortals, yeah...maybe foolish since we earn a few zeros less. But, he's a bazillionaire.
Last edited by Yumcha; 10-16-2010 at 06:54 PM.
10-16-2010, 06:52 PM
#48
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It might not be financially ideal to rent a house at Zuckerberg's presumed high level of income, but it's his money, he has a lot of it, so who are we to care about or tell him how to spend it?
Well yes but you of all people wouldn't want to stain that garage floor now, would you?
Those are way too many adjectives for one car.
IMO sports sedans are cars like the G35, 335/M3, C63, and the TL to an extent.
The TSX is a FWD 4-cylinder or V6 family sedan with plenty of tech features. IMO even the V6 isn't significantly powerful, and even if it was the fact that it isn't available with a 6 speed speaks about Acura's intentions for the car.
From what I've read it handles well, but not exceptionally well.
I like the TSX, but I don't think it's particularly sporty or luxurious. Technically speaking it's a Honda Accord in Europe and Japan.
My
Well yes but you of all people wouldn't want to stain that garage floor now, would you?IMO sports sedans are cars like the G35, 335/M3, C63, and the TL to an extent.
The TSX is a FWD 4-cylinder or V6 family sedan with plenty of tech features. IMO even the V6 isn't significantly powerful, and even if it was the fact that it isn't available with a 6 speed speaks about Acura's intentions for the car.
From what I've read it handles well, but not exceptionally well.
I like the TSX, but I don't think it's particularly sporty or luxurious. Technically speaking it's a Honda Accord in Europe and Japan.
My
10-16-2010, 07:58 PM
#49
Again, it's a matter of preference and priorities. To many, a more expensive car doesn't really equate into greater happiness. If he enjoys what he drives and it appeals to him, then all the power to him.
Not knowing his circumstances, he may actually feel renting is more beneficial than purchasing at this time. He's obviously involved with Facebook in a large capacity, and maybe having an extravagant home and all it's subsequent responsibility doesn't appeal to him. From a financial standpoint, something earning 1-2% appreciation (if that in today's economic climate), taxes, upkeep, and maintenance may be other considerations. There are a number like him, for whatever reason, prefer to maintain a particular lifestyle. Warren Buffett still resides in the home he purchased in 1957 for $31,000.
Terry
10-16-2010, 07:58 PM
#50
. Now comparing leasing to buying would have been a better example IMO . Either you're trolling or its quite obvious you have no idea what you're talking about. Exactly, he's a billionaire! So where is the harm with him going and gathering some change out of his couch cushions to buy a $500k house?
It seems we have come to a stalemate on this discussion and I'm done beating this dead horse with you.
Last edited by madcaps; 10-16-2010 at 08:11 PM.
10-16-2010, 08:29 PM
#51
Go Giants
I disagree with Terry....This nerd should have a hot girlfriend and a Corvette.
10-16-2010, 08:53 PM
#53
10-16-2010, 09:37 PM
#54
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10-16-2010, 09:40 PM
#55
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10-17-2010, 02:18 AM
#57
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Wow, that was a horrible comparison. Comparing car maintenance to property ownership . Now comparing leasing to buying would have been a better example IMO . Either you're trolling or its quite obvious you have no idea what you're talking about.
Exactly, he's a billionaire! So where is the harm with him going and gathering some change out of his couch cushions to buy a $500k house?
It seems we have come to a stalemate on this discussion and I'm done beating this dead horse with you.
. Now comparing leasing to buying would have been a better example IMO . Either you're trolling or its quite obvious you have no idea what you're talking about. Exactly, he's a billionaire! So where is the harm with him going and gathering some change out of his couch cushions to buy a $500k house?
It seems we have come to a stalemate on this discussion and I'm done beating this dead horse with you.
I really have no idea where you're going either. And nope...why in the world would I be trolling? Kinda goes against my job description on this forum...
10-17-2010, 02:42 AM
#58
Three Wheelin'
Actually kinda cool to see that money didn't change him. I think its good to stay with a woman thats by your side through poor and rich, through hard and easy times. Ask Donald Trump how many millions of dollars he lose to a hot ex-wife.
But renting a house over buying a nice one, that one really stumps me. lol
But renting a house over buying a nice one, that one really stumps me. lol
10-17-2010, 03:14 AM
#60
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Of course investing in real estate is a great way to build equity, but that doesn't mean it's the right thing for a person to do based on their lifestyle, needs, where they are currently in life, and where they may want to go in life. Did you ever think that maybe he doesn't want to deal with the upkeep of owning a home. I know what you'll say that, he can hire someone to do it for him. Fine, but what if he doesn't want to spend the money on that. What if he also doesn't want to worry about property tax payments? There are many reasons people choose not to own vs continuing to rent. Some just don't want the responsibility of owning. For individuals that don't ever plan on having kids/family, it kinda makes sense to me. Not that, this is the case with him because none of us know that. But for you to think that everyone who chooses to rent is
in the head, is very short-sighted on your part. I've heard of many people that take the money they save by not buying a property and using that money towards investing in other ways (Stock market, bonds, funds, investing in start ups) and making just as much, if not more money than they would have by buying real estate.
Last edited by Sly Raskal; 10-17-2010 at 03:18 AM.
10-17-2010, 05:00 AM
#61
99 TL, 06 E350
I remember a CBS or ABC interview the CEO of Google and he was driving a used Accord. The host asked why he drove it, the CEO said it was dependable.
10-17-2010, 05:43 AM
#62
I agree with the sentiment of 
about what he drives
My friend's dad is pretty loaded, I'm sure. He's an architect who designed several local restaurants/stores and I think he even worked on a shopping mall. He lives very modestly - drives an older Infiniti, and at least of the times I've seen him, he doesn't dress all flashy or anything.
If the Facebook CEO drove an Carrera GT, that would be pretty cool, but why should anyone give a shit? Now, if he owned a McLaren F1 or something... now that's newsworthy. The only reason why I know that Mr. Bean owns a McLaren is cause that fucker crashed it.
about what he drivesMy friend's dad is pretty loaded, I'm sure. He's an architect who designed several local restaurants/stores and I think he even worked on a shopping mall. He lives very modestly - drives an older Infiniti, and at least of the times I've seen him, he doesn't dress all flashy or anything.
If the Facebook CEO drove an Carrera GT, that would be pretty cool, but why should anyone give a shit? Now, if he owned a McLaren F1 or something... now that's newsworthy. The only reason why I know that Mr. Bean owns a McLaren is cause that fucker crashed it.
10-17-2010, 07:05 AM
#64
Just because someone doesn't agree with you doesn't mean they need "help". I think you're trying to apply a one size fits all rule to everyone's needs and desires and it doesn't work that way. Just because you "state" something doesn't mean it's right, and doesn't make everyone else stupid for not agreeing with you.
I don't consider it a rule, just a smart suggestion.
It seemed like to me that Yumcha didn't understand my point of view regardless if he agreed with me or not. Plus, I wasn't the only one in this thread, or in the real world, to say its foolish to rent when you can own... especially if you're a billionaire! Everyone else? I think I was talking to Yumcha and not you or anybody else for that matter (Yeah, yeah, its a public forum..blah, blah), how cute, one Mod coming to the rescue of another. :gheyfight:
Did you ever think that maybe he doesn't want to deal with the upkeep of owning a home. I know what you'll say that, he can hire someone to do it for him. Fine, but what if he doesn't want to spend the money on that. What if he also doesn't want to worry about property tax payments? There are many reasons people choose not to own vs continuing to rent.
What would it cost yearly for a gardner or maid for the size of the home he lives in? Maybe $1k-$2K a year. Watch out Mr. Zuckerberg you might want to chill on the spending because the upkeep on your home is getting out of hand! Give me a break. Property tax?
I'm sure he can handle property tax on a $500K home (Just to clarify, I saw the tour of his rental home and this price is just a guesstimation, but even if the house was $1M, I'm sure he wouldn't have any problems affording the property tax.). Since you're so worried about cost, I think it would be more expensive for him pay rent instead of owning in the long run. Would you agree? At least with owning you can recover some of the expenses on the house when selling, shit you can even make a little money too, unlike renting where the money goes straight into someone elses pocket. Probably the smartest thing you said in your whole post and the only reason why I would think Mr. Zuckerberg is renting a home.
Everyone? Damn, I guess that means I'm calling myself "screwy". 
See here is your problem. You continually keep putting Mr. Zuckerberg into the same class as the average person. Since he is not, this is the reason why think its screwy for a billionaire not to own his own home. And I never said this pertains to everyone because not everyone has the same financial advantages as Mr. Zuckerberg. Allow me to reiterate my main point. I THINK IT IS FOOLISH FOR A BILLIONAIRE TO RENT A HOUSE AND NOT OWN HIS OWN HOME, THIS WAS MY ARGUMENT THROUGHOUT THE WHOLE THREAD, SO PLEASE STOP TWISTING MY WORDS INTO SAYING THAT MY OPINION PERTAINS TO EVERYONE (I'm not yelling, just thought you could read the words better if the letters were larger)..thank you.
I've heard of many people that take the money they save by not buying a property and using that money towards investing in other ways (Stock market, bonds, funds, investing in start ups) and making just as much, if not more money than they would have by buying real estate.
for that comment considering where we are because of the housing market, oh well ). Ok, I think I'm done with this thread...ahh who am I kidding, I cant wait to read your rebuttle.
10-17-2010, 12:17 PM
#66
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1) Using a maid or other in-home help means letting more people into the house, which is a security concern. We all know how concerned Mr. Zuckerberg is with security.
2) IDK about MZ's liquidity, but he has not been a billionaire for very long and may just be in the process of getting his first house/estate. It took us over a year to find our little house, and normally it takes me over a year to select a new car.
3) MZ may be satisfied with where he is and does not want the distraction of moving-- the opportunity cost of buying a $500K home and moving may cost him millions in company (and personal) value if he is distracted during expansion or merger activity.
Hey, his GF may have nice
... 
10-17-2010, 04:11 PM
#67
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It might not be financially ideal to rent a house at Zuckerberg's presumed high level of income, but it's his money, he has a lot of it, so who are we to care about or tell him how to spend it?
Well yes but you of all people wouldn't want to stain that garage floor now, would you?
Those are way too many adjectives for one car.
IMO sports sedans are cars like the G35, 335/M3, C63, and the TL to an extent.
The TSX is a FWD 4-cylinder or V6 family sedan with plenty of tech features. IMO even the V6 isn't significantly powerful, and even if it was the fact that it isn't available with a 6 speed speaks about Acura's intentions for the car.
From what I've read it handles well, but not exceptionally well.
I like the TSX, but I don't think it's particularly sporty or luxurious. Technically speaking it's a Honda Accord in Europe and Japan.
My
Well yes but you of all people wouldn't want to stain that garage floor now, would you?Those are way too many adjectives for one car.
IMO sports sedans are cars like the G35, 335/M3, C63, and the TL to an extent.
The TSX is a FWD 4-cylinder or V6 family sedan with plenty of tech features. IMO even the V6 isn't significantly powerful, and even if it was the fact that it isn't available with a 6 speed speaks about Acura's intentions for the car.
From what I've read it handles well, but not exceptionally well.
I like the TSX, but I don't think it's particularly sporty or luxurious. Technically speaking it's a Honda Accord in Europe and Japan.
My
The G sedan is more of a competitor of the TL, 335i Sedan/Coupe. I believe that people think the G Sedan is sports, because of the performance. That leaves it with a question, then why isn't the G sedan in any race tournaments? Even the TSX was in touring races, the IS, A4, and C300 also. Even the 328i/325i.
If you think Acura isn't luxurious then its your call, because you pay for what you get for. Speaking that the TSX is almost 12K cheaper than the G Sedan. 12K more you get performance, and these little luxurious features that you probably won't end up usually. I like to see that Acura offers you the "right" amount of luxury and right "amount" of performance. Yeah, the G Sedan is faster, but are you really gonna use all that performance? If you want a sports car buy the 370Z, don't pay more for a G Sedan. The G Sedan to me is just a Mid-Size family car with a big engine that won't be used.
Acura doesn't exist in Japan or Europe, so technically its not a Honda Accord, rather its based of the Honda Accord. Material used to make the TSX and the Euro R Accord is different. Even different engine. K20 vs K24.
To finish off, you do know Infiniti, and Lexus don't exist in Japan right?
So an Infiniti G Sedan is just a Nissan Skyline GT, no biggie. The Lexus IS is just some car by Crown (another car company by Toyota that's in Japan) so no biggie. A lot of cars are based off another car from another company if they are the same company.
Also, I'm adding that when people say "Acura isn't adding 6speed." You know whats funny? It gets good MPG than the G Sedan with a 5AT V6 vs a 7AT V6. Just funny. Acura isn't doing it because its like "oh, we don't think this car goes anywhere lets not do it." They are not doing it, because they don't need a 6AT or 7AT to have good MPG. The G's MPG is horrible for a 7AT V6, drinks like crazy. My friend G last a week before fill up.
Last edited by HondaOnWORKS; 10-17-2010 at 04:13 PM.
10-17-2010, 07:09 PM
#69
I would never put the G sedan in the league of the M3 or C63. The G Sedan fails to compare to the likes of the M3 or C63. In terms of performance, quality, luxury, and handling. The M3 is 1 second slower than the R8 V8 on the Nurb ring. The G isn't. You putting the G sedan in the leagues of the M3 and C63 makes me feel like you are insulting the M/AMG line up or giving the G too much credit.
The G sedan is more of a competitor of the TL, 335i Sedan/Coupe. I believe that people think the G Sedan is sports, because of the performance. That leaves it with a question, then why isn't the G sedan in any race tournaments? Even the TSX was in touring races, the IS, A4, and C300 also. Even the 328i/325i.
If you think Acura isn't luxurious then its your call, because you pay for what you get for. Speaking that the TSX is almost 12K cheaper than the G Sedan. 12K more you get performance, and these little luxurious features that you probably won't end up usually. I like to see that Acura offers you the "right" amount of luxury and right "amount" of performance. Yeah, the G Sedan is faster, but are you really gonna use all that performance? If you want a sports car buy the 370Z, don't pay more for a G Sedan. The G Sedan to me is just a Mid-Size family car with a big engine that won't be used.
Acura doesn't exist in Japan or Europe, so technically its not a Honda Accord, rather its based of the Honda Accord. Material used to make the TSX and the Euro R Accord is different. Even different engine. K20 vs K24.
To finish off, you do know Infiniti, and Lexus don't exist in Japan right?
So an Infiniti G Sedan is just a Nissan Skyline GT, no biggie. The Lexus IS is just some car by Crown (another car company by Toyota that's in Japan) so no biggie. A lot of cars are based off another car from another company if they are the same company.
Also, I'm adding that when people say "Acura isn't adding 6speed." You know whats funny? It gets good MPG than the G Sedan with a 5AT V6 vs a 7AT V6. Just funny. Acura isn't doing it because its like "oh, we don't think this car goes anywhere lets not do it." They are not doing it, because they don't need a 6AT or 7AT to have good MPG. The G's MPG is horrible for a 7AT V6, drinks like crazy. My friend G last a week before fill up.
The G sedan is more of a competitor of the TL, 335i Sedan/Coupe. I believe that people think the G Sedan is sports, because of the performance. That leaves it with a question, then why isn't the G sedan in any race tournaments? Even the TSX was in touring races, the IS, A4, and C300 also. Even the 328i/325i.
If you think Acura isn't luxurious then its your call, because you pay for what you get for. Speaking that the TSX is almost 12K cheaper than the G Sedan. 12K more you get performance, and these little luxurious features that you probably won't end up usually. I like to see that Acura offers you the "right" amount of luxury and right "amount" of performance. Yeah, the G Sedan is faster, but are you really gonna use all that performance? If you want a sports car buy the 370Z, don't pay more for a G Sedan. The G Sedan to me is just a Mid-Size family car with a big engine that won't be used.
Acura doesn't exist in Japan or Europe, so technically its not a Honda Accord, rather its based of the Honda Accord. Material used to make the TSX and the Euro R Accord is different. Even different engine. K20 vs K24.
To finish off, you do know Infiniti, and Lexus don't exist in Japan right?
So an Infiniti G Sedan is just a Nissan Skyline GT, no biggie. The Lexus IS is just some car by Crown (another car company by Toyota that's in Japan) so no biggie. A lot of cars are based off another car from another company if they are the same company.
Also, I'm adding that when people say "Acura isn't adding 6speed." You know whats funny? It gets good MPG than the G Sedan with a 5AT V6 vs a 7AT V6. Just funny. Acura isn't doing it because its like "oh, we don't think this car goes anywhere lets not do it." They are not doing it, because they don't need a 6AT or 7AT to have good MPG. The G's MPG is horrible for a 7AT V6, drinks like crazy. My friend G last a week before fill up.
Acura needs to add a 6spd auto not just for mpg reasons b/c of the image and ridiculous it makes them have. You go on touting how sporty the TSX and Acura is yet you can't even get a 6spd auto which comes standard in a Toyota Camry. Looks ridiculous that a non-luxury family sedan with absolutely no sporty pretensions what so ever can have a 6spd auto yet a Acura TSX can not.
While your at it, why don't you blast BMW for its poor mpg performance like Infiniti's? Oh wait, maybe its b/c you have one!
The TSX is based on the Europe Accord so lets not play the Acura fanboy semantics game that, "oh there really not the same b/c of this, b/c of that" but this Infiniti or Lexus is this in another country. The TSX is a rebadged Honda Accord, accept it.
A 370z is the same thing as a G37 so why pay more? I don't know, maybe b/c the G37 has much higher quality, more refinement, better dealership experience, and is offered in a sedan forum besides coupe, to name a few. This really tells me you don't know what your talking about. I could say the same thing about the TSX then. Why pay more for that when you can get the same thing for less by getting a Accord or Civic. It is not a one way street man.
Last edited by smarty666; 10-17-2010 at 07:22 PM.
10-17-2010, 07:38 PM
#70
אני עומד עם ישראל
What's with all of the Infinity hate? I know someone who can get a great lease for them in Jersey.. I bought my G with my own money and I do not regret the purchase at all. I also need four doors for my dog. It's quick, comfortable, and puts a smile on my face when I drive it.
Back on topic..... I give MZ credit for maintaining a low key lifestyle and not having a trophy.
Back on topic..... I give MZ credit for maintaining a low key lifestyle and not having a trophy.
10-17-2010, 07:48 PM
#71
Senior Moderator
Honestly speaking, if I came into a windfall (i.e.: 9-figure powerball), the most I'd do carwise is payoff my 09 MDX and then maybe pick up a current gen AV6 EX-L.
Then again, I'm an old fart who's not prone towards profligacy!!
10-17-2010, 11:02 PM
#72
10-18-2010, 09:40 AM
#73
Senior Moderator
I don't consider it a rule, just a smart suggestion.
It seemed like to me that Yumcha didn't understand my point of view regardless if he agreed with me or not. Plus, I wasn't the only one in this thread, or in the real world, to say its foolish to rent when you can own... especially if you're a billionaire! Everyone else? I think I was talking to Yumcha and not you or anybody else for that matter (Yeah, yeah, its a public forum..blah, blah), how cute, one Mod coming to the rescue of another. :gheyfight:
You have valid points here..for someone that isn't a billionaire. Sure the average Joe has to consider quite a few things before purchasing a home, it's a big decision. However, I'm sure Mr. Zuckerberg is pretty comfortable on where he is in life and I'm sure he knows what direction it is going.
.
What would it cost yearly for a gardner or maid for the size of the home he lives in? Maybe $1k-$2K a year. Watch out Mr. Zuckerberg you might want to chill on the spending because the upkeep on your home is getting out of hand! Give me a break. Property tax?
I'm sure he can handle property tax on a $500K home (Just to clarify, I saw the tour of his rental home and this price is just a guesstimation, but even if the house was $1M, I'm sure he wouldn't have any problems affording the property tax.). Since you're so worried about cost, I think it would be more expensive for him pay rent instead of owning in the long run. Would you agree? At least with owning you can recover some of the expenses on the house when selling, shit you can even make a little money too, unlike renting where the money goes straight into someone elses pocket. Probably the smartest thing you said in your whole post and the only reason why I would think Mr. Zuckerberg is renting a home.
Everyone? Damn, I guess that means I'm calling myself "screwy". See here is your problem. You continually keep putting Mr. Zuckerberg into the same class as the average person. Since he is not, this is the reason why think its screwy for a billionaire not to own his own home. And I never said this pertains to everyone because not everyone has the same financial advantages as Mr. Zuckerberg. Allow me to reiterate my main point. I THINK IT IS FOOLISH FOR A BILLIONAIRE TO RENT A HOUSE AND NOT OWN HIS OWN HOME, THIS WAS MY ARGUMENT THROUGHOUT THE WHOLE THREAD, SO PLEASE STOP TWISTING MY WORDS INTO SAYING THAT MY OPINION PERTAINS TO EVERYONE (I'm not yelling, just thought you could read the words better if the letters were larger)..thank you.
When I used the word investing in my post, I wasn't referring to becoming a Real Estate investor and scooping up on a bunch of properties at once. Owning one home IS an investment. Sure people can invest into whatever venture they want, but land on the planet is limited and that is why its one the smartest investments you can make, plus I'm sure those successful in Stocks, Bonds and the lonely entrepreneur would agree with that (I will probably get
for that comment considering where we are because of the housing market, oh well ). Ok, I think I'm done with this thread...ahh who am I kidding, I cant wait to read your rebuttle.
We can continue down this tangent forever and you'll probably get angrier and angrier anyhow. There are heaps of millionaires I know who refuse to buy cars and just go leasing high-end European cars (i.e. BMW, Porsche, Land Rover). They switch out every 2 years for something else...And based on your sentiments, it is terrible investment on their part too and they are idiots. Yes?
Keep in mind, do I agree with what they do with their $$$ in regards to cars? Not really...but, again, does make them stupid?
Let's put it this way: Agree to disagree.
10-18-2010, 09:48 AM
#74
I think your comment demonstrates how we as a society expect those in a strong financial position to carry themselves. How we expect them to demonstrate their wealth to us. It's perverse that we determine a girlfriend is merely something to "buy", meant to impress others and nothing else.
Everything is subjective. Everyone is trying to determine what car and home (and now what girlfriend) would be suitable for him. Why? Maybe he's more interested and committed to running his business than worrying about some exotic car. Maybe he'd rather do without the distractions of home ownership at this point in his life as well.
Whatever he decides to drive, where he decides to live, and who he decides to date is up to him. I don't really know much about the guy, but if this is the way he decides to carry himself regardless of his wealth, then his actions speak volumes of his confidence. More so than any material item ever could.
Terry
Everything is subjective. Everyone is trying to determine what car and home (and now what girlfriend) would be suitable for him. Why? Maybe he's more interested and committed to running his business than worrying about some exotic car. Maybe he'd rather do without the distractions of home ownership at this point in his life as well.
Whatever he decides to drive, where he decides to live, and who he decides to date is up to him. I don't really know much about the guy, but if this is the way he decides to carry himself regardless of his wealth, then his actions speak volumes of his confidence. More so than any material item ever could.
Terry
My first thought when I saw the title was... who cares
10-18-2010, 11:45 AM
#75
Fahrvergnügen'd
The richer you are the more it makes sense to rent. Being that rich means you can indulge whims like moving around the country/world when you get bored with where you live.
Look at all the bankrupt celebrities with $20M mansions
Look at all the bankrupt celebrities with $20M mansions
10-18-2010, 11:49 AM
#76
I think if I were in his position, instead of renting the house that he currently rents (which is not some lavish celebrity-like mansion), I would purchase said house.
it doesn't make any economical sense to rent the current house that he rents when he can afford to buy it.
I think that's the sentiment that I and a couple of people are getting at.
No one's stating that with all of his money, he should be fabulous.
it doesn't make any economical sense to rent the current house that he rents when he can afford to buy it.
I think that's the sentiment that I and a couple of people are getting at.
No one's stating that with all of his money, he should be fabulous.
10-18-2010, 11:53 AM
#77
Senior Moderator
I think if I were in his position, instead of renting the house that he currently rents (which is not some lavish celebrity-like mansion), I would purchase said house.
it doesn't make any economical sense to rent the current house that he rents when he can afford to buy it.
I think that's the sentiment that I and a couple of people are getting at.
No one's stating that with all of his money, he should be fabulous.
it doesn't make any economical sense to rent the current house that he rents when he can afford to buy it.
I think that's the sentiment that I and a couple of people are getting at.
No one's stating that with all of his money, he should be fabulous.
For sure, for a regular Joe like us, buying over renting (or leasing) makes sense for all big-ticket items...
But, as Terry has said...we don't know the guy's situation or his rationale either.
Last edited by Yumcha; 10-18-2010 at 11:55 AM.
10-18-2010, 01:37 PM
#78
Needs more Lemon Pledge
Guys, there are SO many other issues in deciding whether to rent or own like taxes, residency, estate planning, possible impending marriage, etc that there is NO way we can figure out why he rents.
Hell, maybe the guy just has a fear of commitment! Maybe he LOVES the house, but the owner wants to wait to sell it, so is renting it for a few years before selling it. Maybe he doesn't want to accumulate any real property in light of possible litigation. Who knows.
For us to try to figure it out makes less sense than a picture of a cat pushing a watermelon out of a lake.
Hell, maybe the guy just has a fear of commitment! Maybe he LOVES the house, but the owner wants to wait to sell it, so is renting it for a few years before selling it. Maybe he doesn't want to accumulate any real property in light of possible litigation. Who knows.
For us to try to figure it out makes less sense than a picture of a cat pushing a watermelon out of a lake.
10-18-2010, 01:40 PM
#79
Senior Moderator
Join Date: May 2003
Location: Better Neighborhood, Arizona
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Guys, there are SO many other issues in deciding whether to rent or own like taxes, residency, estate planning, possible impending marriage, etc that there is NO way we can figure out why he rents.
Hell, maybe the guy just has a fear of commitment! Maybe he LOVES the house, but the owner wants to wait to sell it, so is renting it for a few years before selling it. Maybe he doesn't want to accumulate any real property in light of possible litigation. Who knows.
For us to try to figure it out makes less sense than a picture of a cat pushing a watermelon out of a lake.
Hell, maybe the guy just has a fear of commitment! Maybe he LOVES the house, but the owner wants to wait to sell it, so is renting it for a few years before selling it. Maybe he doesn't want to accumulate any real property in light of possible litigation. Who knows.
For us to try to figure it out makes less sense than a picture of a cat pushing a watermelon out of a lake.
10-18-2010, 02:49 PM
#80
אני עומד עם ישראל
I'd rock a CTS-V or E63 and put my fiancee in the safest SUV under 60k. That's about it.....