Originally Posted by LarThaL
I am still at a bit of a loss of how people in their early 20's can afford a new M3. Sure you have the occasional entrepreneurial genius, etc., but I am just curious to know exactly what kind of jobs people in their early 20's are getting to allow this. Even if you finish college at 21, you need a few years of savings to get somewhat settled, no? And are people really getting 6 figure salaries immediately out of undergrad?
I know some of it may be priorities. I would never buy a new M3, for instance, if I didn't have a proper garage to keep it in, which means that I would have to have a decent house first.
Yes, even out of tier 2 universities. Someone from an ivy working in finance should be making in the 6 figures especially after a year or 2.
Even if someone is making low 6 figures right out of college, the cost of living in California is so high I'm not sure if an M3 is really "responsible" or easily affordable.