A place to discuss all things ADM
11-07-2022, 06:44 PM
#2836
Burning Brakes
how many “rich” people do you know ?
the entire and I mean entire Bay Area median household price is $1.4 million .
one of the Porsche dealers around here has told their customers that 992gt3rs pricing will be market value …. They still have 25 people on their list with “market value “ pricing
the entire and I mean entire Bay Area median household price is $1.4 million .
one of the Porsche dealers around here has told their customers that 992gt3rs pricing will be market value …. They still have 25 people on their list with “market value “ pricing
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
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Freddie Two Bs (11-07-2022)
11-07-2022, 06:52 PM
#2837
100's and los altos/palo alto 1.4 million dont exist. 5-10 million is typical range on houses. Maybe 4 for an absolute beater.
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
interest rates higher , stock market tanking and still way more demand for cars then 2019.
are you just low key advertising your broker services on rennlist ?
it’s pretty obvious on these forums of who plays in this space and those that don’t . (The frequent commentators on this subject do NOT play in this space and so out of tune with what’s going on )
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11-07-2022, 07:39 PM
#2838
RL Community Team
Rennlist Member
Rennlist Member
There's also a thing where, the more expensive something is, the more someone may want it, and buying it for a high price may make them feel it's more special once they own it, along with stroking their ego because they had the financial capacity to pay such a high price for it. Dumb, but it's a thing.
Reality is that if your net worth isn't at least in the tens of millions, you either (a) can't afford to buy everything you want, or (b) you've reduced your wants to within what you can afford, or (c) you're overspending overall and will wind up reducing your net worth (some formerly rich people even go broke). I can afford to buy a lot of nice things, including any Porsche GT car with an ADM of hundreds of thousands of dollars if necessary, but I can't afford some of my wants, such as a $10 million contemporary home overlooking the ocean from a cliff in CA, and a collection of say 30-40 really nice cars with a garage that can hold them. Realizing that I can't afford everything I want in aggregate, I'm careful with what I pay for things, because I know that overpaying for something like a car means less money available to buy other things I want.
Reality is that if your net worth isn't at least in the tens of millions, you either (a) can't afford to buy everything you want, or (b) you've reduced your wants to within what you can afford, or (c) you're overspending overall and will wind up reducing your net worth (some formerly rich people even go broke). I can afford to buy a lot of nice things, including any Porsche GT car with an ADM of hundreds of thousands of dollars if necessary, but I can't afford some of my wants, such as a $10 million contemporary home overlooking the ocean from a cliff in CA, and a collection of say 30-40 really nice cars with a garage that can hold them. Realizing that I can't afford everything I want in aggregate, I'm careful with what I pay for things, because I know that overpaying for something like a car means less money available to buy other things I want.
They just look, point to what they want, and buy.
Maybe a bit of a simplification, but those that have come into truly "new money" (like some tech wiz kid who invented the highest downloaded app on the Apple Appstore), probably just says, "I want a GT3 Touring in X color, oh, here's one, how much is it? $XXX,000. Done!"
You and I, may be wealthy, but we're really not "**** you rich" and probably (and least not me) did not come into our money overnight, like alot of "new money" folks who either got rich off of stock options, BTC, or NFTs.
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11-07-2022, 08:42 PM
#2839
11-07-2022, 09:08 PM
#2840
I think the mentality with truly wealthy people (like oil sheik rich) is that they don't even do the mental gymnastics of whether they can "afford" X or Y or Z, or what buying A or B or C will do to their overall wealth or portfolio.
They just look, point to what they want, and buy.
Maybe a bit of a simplification, but those that have come into truly "new money" (like some tech wiz kid who invented the highest downloaded app on the Apple Appstore), probably just says, "I want a GT3 Touring in X color, oh, here's one, how much is it? $XXX,000. Done!"
You and I, may be wealthy, but we're really not "**** you rich" and probably (and least not me) did not come into our money overnight, like alot of "new money" folks who either got rich off of stock options, BTC, or NFTs.
They just look, point to what they want, and buy.
Maybe a bit of a simplification, but those that have come into truly "new money" (like some tech wiz kid who invented the highest downloaded app on the Apple Appstore), probably just says, "I want a GT3 Touring in X color, oh, here's one, how much is it? $XXX,000. Done!"
You and I, may be wealthy, but we're really not "**** you rich" and probably (and least not me) did not come into our money overnight, like alot of "new money" folks who either got rich off of stock options, BTC, or NFTs.
11-07-2022, 09:27 PM
#2841
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‘I’d say we have some rich folks on here, but wealthy maybe not that would be at least 1B in your bank. Quote Chris Rock, being rich and a bad night in Vegas with a drug habit you’re broke. Wealthy Bill Gates you can’t get rid of that much cash if you tried. If you want a laugh YouTube Chris Rock rich vs wealthy. 😎
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Maverick787 (11-07-2022)
11-07-2022, 10:00 PM
#2842
Yikes - how much can you blow (pardon the pun) in one night. It reminds me of the time John Daly and Tiger were in a playoff for the WGC Am Ex. Daly should have won but Tiger prevailed (in SFO). Daly reportedly (I read in the rags) took a plane out to Vegas and by the next morning had blown all of his winnings - I assume mostly gambling but who knows.. Probably close to $1M - and this was 10+ years ago when $1M was actually a lot of money (tongue in cheek).
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neoprufrok (11-08-2022)
11-07-2022, 10:11 PM
#2843
100's and los altos/palo alto 1.4 million dont exist. 5-10 million is typical range on houses. Maybe 4 for an absolute beater.
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
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Diablo Dude (11-07-2022)
11-07-2022, 10:18 PM
#2844
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WCGhost (11-07-2022)
11-07-2022, 10:22 PM
#2845
100's and los altos/palo alto 1.4 million dont exist. 5-10 million is typical range on houses. Maybe 4 for an absolute beater.
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
Like I said, find your 25 friends, have them pay me 10k each and I will get them a car at half of the alleged "market". Give me the line, I'll fix it for them
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Peruna (11-08-2022)
11-07-2022, 10:24 PM
#2846
Race Car
“Terry would frequently gamble for 24 straight hours, losing millions and millions of dollars in a single day's binge. He played three blackjack hands simultaneously that had a $50,000 limit for each hand. Harrah's increased his credit line to $17 million at one point. This is not an unusual practice for high rollers. At his peak in 2006, Terry Watanabe was consistently losing $5 million a day.”
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Maverick787 (11-07-2022)
11-07-2022, 10:26 PM
#2847
Read about Terrence Watanabe of Oriental Trading, yes the catalogs. He lost over $205 million gambling at Harrahs properties in Vegas.
“Terry would frequently gamble for 24 straight hours, losing millions and millions of dollars in a single day's binge. He played three blackjack hands simultaneously that had a $50,000 limit for each hand. Harrah's increased his credit line to $17 million at one point. This is not an unusual practice for high rollers. At his peak in 2006, Terry Watanabe was consistently losing $5 million a day.”
“Terry would frequently gamble for 24 straight hours, losing millions and millions of dollars in a single day's binge. He played three blackjack hands simultaneously that had a $50,000 limit for each hand. Harrah's increased his credit line to $17 million at one point. This is not an unusual practice for high rollers. At his peak in 2006, Terry Watanabe was consistently losing $5 million a day.”
11-07-2022, 10:32 PM
#2848
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I think the mentality with truly wealthy people (like oil sheik rich) is that they don't even do the mental gymnastics of whether they can "afford" X or Y or Z, or what buying A or B or C will do to their overall wealth or portfolio.
They just look, point to what they want, and buy.
Maybe a bit of a simplification, but those that have come into truly "new money" (like some tech wiz kid who invented the highest downloaded app on the Apple Appstore), probably just says, "I want a GT3 Touring in X color, oh, here's one, how much is it? $XXX,000. Done!"
You and I, may be wealthy, but we're really not "**** you rich" and probably (and least not me) did not come into our money overnight, like alot of "new money" folks who either got rich off of stock options, BTC, or NFTs.
They just look, point to what they want, and buy.
Maybe a bit of a simplification, but those that have come into truly "new money" (like some tech wiz kid who invented the highest downloaded app on the Apple Appstore), probably just says, "I want a GT3 Touring in X color, oh, here's one, how much is it? $XXX,000. Done!"
You and I, may be wealthy, but we're really not "**** you rich" and probably (and least not me) did not come into our money overnight, like alot of "new money" folks who either got rich off of stock options, BTC, or NFTs.
I know some people with $100+ million net worth, and their spending is actually not that extravagant; some of them are downright miserly on most things.
Would be interesting to know more about the demographics of Porsche GT car buyers.
11-07-2022, 11:15 PM
#2849
Burning Brakes
i'd bet the spectrum of personal finances for GT car buyers is pretty big. I'm sure there are many that stretch to make their 84 mo loan payment and many others that MSRP+ADM is a drop in the bucket.
11-07-2022, 11:18 PM
#2850
Rennlist Member
