https://podcasts.apple.com/us/podcast/bitcoin-audible/id1359544516?i=1000627953798
I agree that while a car is necessary, the number of people that could/would buy $80k cars is WAY less than what we are seeing. They are paying $100k including interest that they would never pay if they couldn’t get 60 or 84 month terms.
So, probably the same amount of steel, fabric, etc in a $40k car and nearly all the utility compared to an $80k car, but the debt based lifestyle makes the decision strange.
Same for $200k humanities degrees, $600k townhouses, etc.
/ Hal
npub1k5…jh80f
2023-09-19 15:31:04
in reply to nevent1q…6tj5
Author Public Key
npub1k5nydsvpvsujr92esx4aep8f8usqezg3hfp920mz33033ad28dhsdjh80fPublished at
2023-09-19 15:31:04Event JSON
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"content": "https://podcasts.apple.com/us/podcast/bitcoin-audible/id1359544516?i=1000627953798\n\nI agree that while a car is necessary, the number of people that could/would buy $80k cars is WAY less than what we are seeing. They are paying $100k including interest that they would never pay if they couldn’t get 60 or 84 month terms. \n\nSo, probably the same amount of steel, fabric, etc in a $40k car and nearly all the utility compared to an $80k car, but the debt based lifestyle makes the decision strange.\n\nSame for $200k humanities degrees, $600k townhouses, etc.",
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