British man totals $260,000 Ferrari one hour after buying it

[donna43]

 http://nbc4i.com/2017/07/28/british-man-totals-ferrari-one-hour-after-buying-it/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=nbc4i   

[Volron]

Hope he has a new car replacement plan with his insurance company.  Either way, I think his premium went up a touch.

[JimmyC]

numpty

[nrshida]

"Police urged local drivers to take care on the roads". 

As soon as they find the flight recorder we'll be able to decipher this inexplainable and perplexing incident. I wonder what could have possibly been the cause. 

[zack1234]

Being rich?

[nrshida]

Being rich?

I think being able to afford said car, and being able to drive said car are 2 separate things 

[zack1234]

Butterbeans and spinich

[Sombra]

In Spain a very similar incident happened in 2012.

[ghi]

Being rich?

"the Cult of Materialism" good video

[SFRT - Frenchy]

Anyone can afford a $200K Ferrari in his lifetime. ANYONE. It's just that most of us decide to shell out money on a bunch of kids, cable TV, hobbies, home improvements, new car payments, cellphone plans, vacations and other BS you can think of.

I met a 21 year old kid here in Elko NV. Straight out of high school he went to work for the mines. He bought a busted old trailer and hitched a ride to work. For a little bit over 2 years he didn't spend a dime and picked all the overtime he could. He saved $250K and will start engineering school in September, paid for and bought a house cash.  Smart kid ... holly hell right? I myself figured out that my hobby of restoring/collecting cars cost me about $80K in the last 20 years. Since I live in a 200K house, no kids at home, no cable TV, small cell phone bill and making around 70K I decided to tighten the belt for 2 years as an experiment and see how much of the house I can pay off. I'm hoping $40K/year (30K to live) and pay it off in 5 years. Then I can spend $1000K/month on a damn Ferrari and sell it back 1 year later. Sounds silly but my life goal is to have owned a Ferrari, Lambo and Aston Martin. How much you lose in resale after a year? $10K? Fine for less than $1000-1500/month I can make my dream come true ... and I'm not rich by any mean. ... to dreams and beer talks    

[Lusche]

Anyone can afford a $200K Ferrari in his lifetime. ANYONE.

Ehmmm... no. 


 

[SFRT - Frenchy]

Hum ... yes.  Anyone spends $200K on something in his lifetime. If you pay off a $400K house, guess what ... u could have lived in a 200K house and own a 200K Ferrari. 

[Lusche]

Hum ... yes.  Anyone spends $200K on something in his lifetime. If you pay off a $400K house, guess what ... u could have lived in a 200K house and own a 200K Ferrari. 

A 400k house? You seem to live in a rich world. I don't know anyone personally who is THAT rich.

I don't have a house. Never will. Never can. I don't have a car at all, can't afford it. The last true vacation I had was was 16 years ago. I don't have anything like "cellphone plans" to pay for (I buy a budget one each only the current one breaks down and pay about 6€/month for my provider).
Home improvement? You mean building all that fancy things, nice cabinets, a patio or stuff like that? Well, you should see our apartment 
The money which once went into AH is now going to Netflix and a budget game like every few months. This is about my whole personal 'entertainment' budget. Almost all things we pay for are dictated by necessities like rent, energy, food and clothing. Tehre's actually very little money in our budget we are actually 'free' to spend.
There is no way I could save enough money to buy a 200k car, unless I decide to live on the street and refrain from eating.

Edit: Just to be clear: The above is not a whine. Just they way things are. Fortunately, happiness isn't necessarily entirely connected to wealth. Just partly 

[SFRT - Frenchy]

I can tell you do not live in Los Angeles :

The median sales price for homes in Los Angeles CA for Jul 15 to Oct 15 was $640,000. This represents an increase of 0.2%, or $1,000, compared to the prior quarter and an increase of 11.3% compared to the prior year. Sales prices have appreciated 80.8% over the last 5 years in Los Angeles.

And I hear you, and it is the path you decided to take for your life. I doubt that you are less capable that the uneducated 21 year old kid I mentioned before. If you are really tired of your life come to Elko and work for the mine. Job sucks but at $80K/year high school degree starting job and living in a double wide you'll rack up money quick. Double with your wife as a heavy equipment operator at $33/hour. Suck it up for 2 years and get the boost you need to jumpstart again. Hell, go overseas, Blackwater (actually AAR) hired me in 2010 at $678/day 2 months on, 1 month off till my wife said "Nope, u ain't going".

I myself started in the US as a straight wetback. Ammo probably remember meeting me on my way to L.A. with everything I owned packed in a old Licoln town car. I arrived in L.A. with $60 in my pocket, that's it man ... that was 2001. I started by looking for work at Home Depot parking lot with the other wetbacks. I eventually decided to leave L.A. because I didn't want to live in a $400K toejambox or rent a crappy apt for $900/month. I figured out for that price I could own a house in an another sate.
An old time friend is living in the L.A. basin in a $500K house, pays $2700/month mortgage, housing taxes are $6K/year, 4 kids. He is nearing $100K/year, his wife works 2 part time jobs and he is nearly bankrupt ... well duh. I'm so much wealthier living in N. Nevada in a 200K property, $1100 mortgage $900/year property taxes, 5 acres, no kids (well a horse ), and I can afford a new truck payment hands up.

I met a veteran in Cali that rolled in a $106K Corvette Z06. I asked what he did for a living. He was in the military for 10+ years he said, then was a worker in an assembly line. He said all his life he wanted a Corvette and lived frugally/smart enough to afford one once he retired. If you want it bad enough, anyone not disabled during his entire lifetime can save $200K. Everything else is excuses.

(no offense to you Snail, you are well respected, it is not directed at you but merely a different point of view).

[Lusche]

I can tell you do not live in Los Angeles :

5,600 miles away from LA. But I'm glad to hear that everyone in LA owns a house like that.

And I hear you, and it is the path you decided to take for your life. I doubt that you are less capable that the uneducated 21 year old kid I mentioned before. :

Not everything in life is a is a result of free choices. Illness, for example, is mostly not one. Yes, like many people I did do a few things quite wrong (though I often did not know any better, but that's a different topic), but there are many factors I never had any influence on. At this point in life, there is NO chance I will ever get any job that could ever pay for the comforts that were mentioned earlier. At my age, with my lack of formal training, with my health and all the other fun things in my resume 
(Actually, once ago I was earning 'good money' and was reasonably well off.... but then the gods laughed  )
Again, I'm not complaining about stuff.
Also, this isn't really about me, I'm just an example (and maybe not even the best). I was just raising the point that a lot of people aren't having a life where they just can't choose between a 400k house or a 200k car, or are free to reallocate substantial parts of their budgets as they like. And not everybody can just simply "decide" to get rich. Sorry, but everyone can get everythings is not true, not at all.

But the good thing is, I never dreamt of a car like that. I couldn't even fit into it 



 

(no offense to you Snail, you are well respected, it is not directed at you but merely a different point of view).

I took it exactly like that