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re: Why do OT Ballers hate diamonds and new cars?
Posted on 4/23/18 at 8:48 am to LNCHBOX
Posted on 4/23/18 at 8:48 am to LNCHBOX
quote:
And were those decade owned vehicles purchased new?
I'm sure in some cases yes and in some cases no
There are rich people that buy used cars
You might not want to believe it but it doesn't make it not true
1
Posted on 4/23/18 at 8:52 am to SlowFlowPro
quote:
i seriously doubt you can find something i own with the artificial markup of a diamond
Ever been furniture shopping? It's pretty daggum close.
Posted on 4/23/18 at 8:52 am to Powerman
quote:
There are rich people that buy used cars
You might not want to believe it but it doesn't make it not true
It's a good thing I didn't say all of them do.
But I'm fairly certain that you would at the very least agree that the notion that gets tossed around in vehicle threads that there are lots of wealthy people driving beaters is just a bit disingenuous, right?
Posted on 4/23/18 at 8:53 am to Cdawg
well i represented the furniture store where i bought my stuff 8 years ago, so good point just unlucky here 
Posted on 4/23/18 at 8:54 am to LNCHBOX
quote:
But I'm fairly certain that you would at the very least agree that the notion that gets tossed around in vehicle threads that there are lots of wealthy people driving beaters is just a bit disingenuous, right?
I suppose that depends on your definition of a beater
To me a beater would be a very high mileage car that hasn't been maintained and is barely limping around town
There are a lot of wealthy people who aren't driving brand new vehicles but I'd imagine you wouldn't consider most of them beaters.
Posted on 4/23/18 at 9:00 am to SlowFlowPro
quote:
well i represented the furniture store
What problems could a furniture store have to necessitate legal representation?
Posted on 4/23/18 at 9:02 am to LNCHBOX
quote:
Actually, that's exactly what they do. You don'rt get rich by not making risky moves. Not equating a car purchase to those moves, but your comment is completely wrong. And pretty much all "rich" people have nice cars.
Meanwhile, the actual joke went far over the heads of your laughing emoticons.
Posted on 4/23/18 at 9:03 am to Pecker
quote:
diamonds
Biggest scam going.
Posted on 4/23/18 at 9:04 am to TheHarahanian
quote:
Meanwhile, the actual joke went far over the heads of your laughing emoticons.
Not a very good joke considering many in these threads think that way.
Posted on 4/23/18 at 9:04 am to SlowFlowPro
quote:
as price increases, markup increases
so a bigger markup on a larger-priced item = larger -EV
for example, i paid like $5 for some organic compost this weekend. i could have probably planned ahead and done my own for insanely cheaper...but ultimately i may have lost $3-4. compare that to a similar markup for, say, a house in an bubble. hell even if the markup is only 10-15% larger (instead of 250-300% on the compost), on that artificially increased price, we're talking $20k+
scale matters
Scale is relative. You're not addressing the issue at the most basic level: You are arbitrarily determining which luxuries are and are not acceptable based on cost.
You mention dollar figures. $5. $20k. Do you not understand that $5 USD (what you see as relatively insignificant) is a relative value? The markup % only matters to the extent that the inherent value is more or less than you can afford (or are willing to pay).
You can tell Elon Musk that he's getting ripped off for buying a $50k diamond. M'Bele will tell you that you're getting ripped off for buying a $700 ipad. The truth is that neither of you are getting ripped off. As far as you're concerned the item is actually worth more (has more value to you) than you paid for it, or you would have kept your money. That's how the market works.
This post was edited on 4/23/18 at 9:10 am
Posted on 4/23/18 at 9:04 am to RogerTheShrubber
quote:
Biggest scam going.
Surprising that it has survived the information age as well as it has
Posted on 4/23/18 at 9:10 am to Powerman
quote:
rich people
quote:
know a guy that has been pulling in over 200K a year for years
Ok, if that’s what you consider rich, I understand where you’re coming from now. Posted on 4/23/18 at 9:10 am to Pecker
quote:
As far as you're concerned the item is actually worth more (has more value to you) than you paid for it, or you would have kept your money. That's how the market works.
Posted on 4/23/18 at 9:12 am to Pecker
quote:
travel ball.
You done lit the Baw Signal
Posted on 4/23/18 at 9:13 am to Powerman
quote:
Do you really need a lesson in this? This is like first day of micro.
For the buyer: If you buy a $1 potato, is the potato worth more or less to you than $1? It's worth more to you or you would have just kept your $1.
For the seller: If you sell a potato for $1, the potato is actually worth less to you than $1 or you would have just kept the potato.
Posted on 4/23/18 at 9:15 am to Pecker
quote:
Do you really need a lesson in this? This is like first day of micro.
For the buyer: If you buy a $1 potato, is the potato worth more or less to you than $1? It's worth more to you or you would have just kept your $1.
For the seller: If you sell a potato for $1, the potato is actually worth less to you than $1 or you would have just kept the potato.
That might be what the text book tells you
Not sure that's really accurate
I've spent money on things and didn't think it was worth more than what I was paying for it. Sometimes I just really don't care about being frugal.
Posted on 4/23/18 at 9:18 am to Powerman
quote:
That might be what the text book tells you
Not sure that's really accurate
I've spent money on things and didn't think it was worth more than what I was paying for it. Sometimes I just really don't care about being frugal.
I don't know what you tell you if you don't understand cost/price/worth/value in a market. The reason you didn't care about being "frugal" is because the money wasn't worth as much as the thing you wanted. If you were starving, you wouldn't have made such a decision. And if you were starving, the money you did have would have still been worth less than food.
This post was edited on 4/23/18 at 9:19 am
Posted on 4/23/18 at 9:19 am to Powerman
quote:
I've spent money on things and didn't think it was worth more than what I was paying for it.
Yes you did or you wouldn't have bought it.
Posted on 4/23/18 at 9:21 am to Pecker
quote:
spending hundreds/thousands of dollars per year on little johnny, with poor genetics, to play travel ball.
The MVP has the OP all kinds of jelly.
Posted on 4/23/18 at 9:32 am to Powerman
quote:
Biggest scam going.
--------------------------------------------------------------------------------
Surprising that it has survived the information age as well as it has
The appeal of diamonds is short lived. The only person who can tell the difference between real and a quality alternative is your jeweler.
The value is simply in personal satisfaction of owning one, and it's frivolous.
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