BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > General M3 Forum (E90 + E92 + E93)
 
Post Reply
 
Thread Tools Search this Thread
      11-19-2011, 12:32 PM   #111
-=Hot|Ice=-
Been There, Done That.
-=Hot|Ice=-'s Avatar
United_States
646
Rep
4,728
Posts

Drives: 2013 BMW M3
Join Date: Jan 2008
Location: Maryland

iTrader: (0)

I can't believe this thread has gone 6 pages.
Appreciate 0
      11-19-2011, 12:33 PM   #112
-=Hot|Ice=-
Been There, Done That.
-=Hot|Ice=-'s Avatar
United_States
646
Rep
4,728
Posts

Drives: 2013 BMW M3
Join Date: Jan 2008
Location: Maryland

iTrader: (0)

Quote:
Originally Posted by Brucewonder View Post
This is M3post, everyone's rich and date super models O_o
I only date VS models. Everyone else is low class.
Appreciate 0
      11-19-2011, 07:36 PM   #113
eamon
Captain
eamon's Avatar
170
Rep
803
Posts

Drives: 09 e92 335i, 2010 328i (sold)
Join Date: Oct 2010
Location: Dallas

iTrader: (0)

Quote:
Originally Posted by needspeed View Post
All I can say is its my money and my life. I am not going to let some stranger tell me what is right or wrong. I go to the car store to buy a car and then leave with said car, end of story......Steve
No kidding

10 BMW X5 M Silverstone w/Black on Black interior - Loaded
12 CTS-V Coupe Thunder Gray - Loaded
13 Ford GT500 (650HP Priceless!!!!) as soon as can be delivered
05 F430 F1 - Giallo
08 BMW M3 Interlagos Blue Metallic - DCT (Traded
__________________
black/black/black e92 loaded
Instagram: _eamon_
Appreciate 0
      11-19-2011, 08:34 PM   #114
GetWellSoon
Banned
GetWellSoon's Avatar
United_States
15
Rep
242
Posts

Drives: 2009 335i e92
Join Date: Oct 2011
Location: Brooklyn & NJ

iTrader: (0)

If I made 250 000 a year I'd have a fucking Italia in my garage, yesterday
Appreciate 0
      11-19-2011, 08:37 PM   #115
GetWellSoon
Banned
GetWellSoon's Avatar
United_States
15
Rep
242
Posts

Drives: 2009 335i e92
Join Date: Oct 2011
Location: Brooklyn & NJ

iTrader: (0)

Quote:
Originally Posted by VVG View Post
Ever hear the term "idle rich". This is what you are referring to. There is also the "working rich" which is probably the category that most M3 owners belong to. Sure there is money, but we have to keep working to sustain the lifestyle.

The problem is that you can't really lump the "top 1%" together. Here's why:

Example:

20th percentile=$20,000
99th percentile=$350,000

This is a factor of 17.5 over 79 percent of the population. The top 1%, however spans over a factor of 1000, if you take $350,000 as the bottom and $350,000,000 as the top (which is still a very conservative top number)

The top of the top 1% is in a far, far, far different place than the bottom of the top 1%.
Thanks for making me feel like a stupid worthless person
Appreciate 0
      11-19-2011, 10:41 PM   #116
RichMattB
Private First Class
United_States
12
Rep
136
Posts

Drives: e90 ///M3, e70 X5 4.8i
Join Date: May 2009
Location: NE USA

iTrader: (0)

Wow - I don't think that was his intent.

I am still trying to wrap my head around the statement that someone earning an income which ranks in the top 1% (of household, not personal, income) in the United States of America could be considered upper middle class. That statement absolutely astounds me with its absurdity.
Appreciate 0
      11-19-2011, 10:48 PM   #117
spyderco10
Colonel
spyderco10's Avatar
United_States
63
Rep
2,427
Posts

Drives: AW E92 M3 6MT
Join Date: Jul 2008
Location: Honolulu, HI

iTrader: (0)

Quote:
Originally Posted by RichMattB View Post
Wow - I don't think that was his intent.

I am still trying to wrap my head around the statement that someone earning an income which ranks in the top 1% (of household, not personal, income) in the United States of America could be considered upper middle class. That statement absolutely astounds me with its absurdity.
__________________
“For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.”
- John 3:16
Appreciate 0
      11-20-2011, 12:24 AM   #118
MysticBlue
Lieutenant Colonel
369
Rep
1,887
Posts

Drives: '20 M5C, '09 M3 DCT Coupe
Join Date: Apr 2008
Location: Eastern Oregon... They call 'em rigs here

iTrader: (0)

Quote:
Originally Posted by RichMattB View Post
Wow - I don't think that was his intent.

I am still trying to wrap my head around the statement that someone earning an income which ranks in the top 1% (of household, not personal, income) in the United States of America could be considered upper middle class. That statement absolutely astounds me with its absurdity.
+1
Everybody has their own reality. 350k might be upper middle class in certain urban centers. But in the vast majority of the country, fly-over country, red states, all those places where, according to Obama, the great unwashed masses are clinging to their guns and bibles, 350k/year, especially if it was consistent year to year, would not ever be described with a phrase that included the words "middle class". Even if you put "upper" in front of it.
If you live in NYC, San Francisco or other high dollar area, then yeah, but that has more to do with what you spend to live, not what you make, and having blinders on and not being very aware of life outside your immediate circle. And it's what irritates the rest of us, the attitude from people that live in places like that... That it's normal to live in a half a million dollar condo or house and like to discuss whether they velet their car or not. It's not normal.

Last edited by MysticBlue; 11-20-2011 at 01:14 AM..
Appreciate 0
      11-20-2011, 05:03 AM   #119
LarThaL
Colonel
LarThaL's Avatar
334
Rep
2,940
Posts

Drives: 2011 M3
Join Date: Apr 2011
Location: West Springfield, MA

iTrader: (0)

Quote:
Originally Posted by MysticBlue View Post
+1
Everybody has their own reality. 350k might be upper middle class in certain urban centers. But in the vast majority of the country, fly-over country, red states, all those places where, according to Obama, the great unwashed masses are clinging to their guns and bibles, 350k/year, especially if it was consistent year to year, would not ever be described with a phrase that included the words "middle class". Even if you put "upper" in front of it.
If you live in NYC, San Francisco or other high dollar area, then yeah, but that has more to do with what you spend to live, not what you make, and having blinders on and not being very aware of life outside your immediate circle. And it's what irritates the rest of us, the attitude from people that live in places like that... That it's normal to live in a half a million dollar condo or house and like to discuss whether they velet their car or not. It's not normal.
YES!!!!! It is the NY metro, and SF metro areas that are distorted in comparison to everyone else, not the other way around. The $500k SF one bedroom condo can get you 3000 sq ft with high ceilings, granite everything and almost an acre of land where I live (in today's market), and this is probably mid-level in terms of cost of living.

"unwashed masses clinging to thier guns and bibles"......LMFAO
__________________
Audi S6 * Audi S3 * Porsche Cayman GTS
--Former BMW M3 owner
Appreciate 0
      11-20-2011, 07:31 AM   #120
needspeed
First Lieutenant
needspeed's Avatar
10
Rep
319
Posts

Drives: 10 X5 M/05 F430/12 CTS-V Coupe
Join Date: Jan 2009
Location: Middle of nowhere IOWA

iTrader: (0)

Quote:
Originally Posted by VVG View Post
YES!!!!! It is the NY metro, and SF metro areas that are distorted in comparison to everyone else, not the other way around. The $500k SF one bedroom condo can get you 3000 sq ft with high ceilings, granite everything and almost an acre of land where I live (in today's market), and this is probably mid-level in terms of cost of living.

"unwashed masses clinging to thier guns and bibles"......LMFAO
Hey I must be one of those unwashed folks, but I do drive my Furrary on bath day once a month .....Steve
__________________
10 BMW X5 M Silverstone w/Black on Black interior - Loaded
12 CTS-V Coupe Thunder Gray - Loaded
13 Ford GT500 (650HP Priceless!!!!) as soon as can be delivered
05 F430 F1 - Giallo
08 BMW M3 Interlagos Blue Metallic - DCT (Traded)
Appreciate 0
      11-20-2011, 10:54 AM   #121
needspeed
First Lieutenant
needspeed's Avatar
10
Rep
319
Posts

Drives: 10 X5 M/05 F430/12 CTS-V Coupe
Join Date: Jan 2009
Location: Middle of nowhere IOWA

iTrader: (0)

Quote:
Originally Posted by SehrSchnell View Post
Not a chance...
Why no chance. A nice optioned new 458 can be had for $270 or less, so $100K down and $3K a month for 60.......BFD!!!

Your take home is at least $12+K per month.

Buying a big expensive home is a far worse place to put your money.
I know from experience a much far worse place with the bubble going boom.....Steve
__________________
10 BMW X5 M Silverstone w/Black on Black interior - Loaded
12 CTS-V Coupe Thunder Gray - Loaded
13 Ford GT500 (650HP Priceless!!!!) as soon as can be delivered
05 F430 F1 - Giallo
08 BMW M3 Interlagos Blue Metallic - DCT (Traded)
Appreciate 0
      11-20-2011, 11:58 AM   #122
Mr. ///M3 RD
Happy Camper
Mr. ///M3 RD's Avatar
Canada
612
Rep
7,869
Posts

Drives: C63 AMG & 280 SL on Weekends :
Join Date: May 2010
Location: GTA, Ontario - Canada

iTrader: (0)

Garage List
Quote:
Originally Posted by VVG View Post
+1. I actually think a high end car this past year may have even held it's value better than many investments !!!
This is another good point you tabled here, last month I got a partial statement of some of my investments and the loss was more then 50% of a new M3 ... that is what I was thinking when I looked the statement over in discussed. Then I said to myself others have lost more ... then as I was thinking along those lines it sort of calmed me down ... then all those numbers are on paper, however, it still hurts.
__________________
Cheers, Rolf-Dieter

Life will take us to some interesting places, fortunately The ///M3 will too with a many of us know this very well, now my C6.3 AMG with 487 HP does it too
---> Click here for some good stuff I found
Appreciate 0
      11-21-2011, 12:13 AM   #123
Salespunk
Lieutenant Colonel
1741
Rep
1,697
Posts

Drives: Slow
Join Date: Mar 2007
Location: SlowCal

iTrader: (0)

For a better understanding of the issue look up the term HENRY=High Earner Not Rich Yet. At 34 he has not had time to build real wealth yet. Could he buy a $170K car, probably. Should he buy that car right now, that is between him and his financial advisor.

Also as others have said there is a significant difference between $250K in California or New York vs. Kansas. A few years ago I was up for a promotion. I would have relocated from San Diego to Kansas. My wife started searching houses on realtor.com and entered the price of our home and $250K below. Not one hit. At $500K-$750K lower there were four houses in the ENTIRE state. The one I remember was a 12K sqft house on 20 acres.

The one thing I call BS on is the sales guy waiting for an all cash offer. The dealership makes a LOT more money with financing. They simply could not get the deal done.
Appreciate 0
      11-21-2011, 11:06 AM   #124
Nine
Banned
49
Rep
1,922
Posts

Drives: Not ZCP, FML.
Join Date: May 2010
Location: DC, Miami, NYC

iTrader: (2)

Quote:
Originally Posted by SehrSchnell
So yeah, buying a $270K car on a $250K salary is pretty stupid IMHO.

I think buying a car that is 270k is a bad idea, lease yes...buy ...no way.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:17 AM.




m3post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST