Quote:
Originally Posted by BLACK3.2
Ya cost of living has gone up dramatically, while wages have stagnated. Boomers often fail to appreciate this. I've done well, but only because I happen to bright and went to elite schools. I'm not boasting. It's just the way it is, and in many ways it's unfair. The deck is stacked against regular people in ways that are wrong and ought to be remedied through policy.
It's not enough to be a regular person with a college degree. To have means nowadays, you have to be elite or run your own business. The days of the regular guy office worker with enough income for a moderately expensive hobby are long gone.
On the other hand, there are lots of extremely wealthy people out there now who think nothing of spending 100K or so on this or that fun thing. It's these guys that are buying up all the cars, and they don't necessarily have enough time or even the inclination to scrutinize them too closely. So what we see looks like a bubble. At least for 964s, I don't think it is. It's just that rich people have inclined themselves to this little segment of the automotive world. Their attention may go elsewhere eventually, but that won't be a bubble bursting-- it will just be fashions shifting. The decline in prices won't be dramatic, but prices will eventually stabilize.
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I'm always kind of torn on this subject. I get that wages have stagnated and can sympathize as I am on the young(ish) side of the millennial gen. All the arguments are there and I see them to be true, yet all of my friends are doing quite well, advancing their careers, making good money and have little to complain about. I guess maybe if we had the same adjusted prices previous gens had I'd be sending this response from a vacation home, instead of my office. But I can't control that.