Let’s say I need a car. My commute’s short, so I take the bus or bike to work as much as I can, but in the winter I frequently need to drive in, and then for errands and whatnot. If I made a list of my needs, it’d be “cheap, runs forever, enough headroom, ridiculous gas mileage, safe”.
Off the top of my head, I’d probably look at the Honda Fit, the Nissan Versa, and a Toyota Prius. They would to different degrees fill the need I’m looking for.
But wait. A Lamborghini Gallardo Spyder calls. I’ve never owned an exotic sports car. It gets ridiculous gas mileage, in a different way of course, it’s safe because it’s so uncomfortable and hard to drive it would never leave the driveway except on sunny weekends for leisurely day trips, it has enough head room, in a sense… and it’s only a bit over $200,000. And insuring it is possible, so that’s good, and I won’t have to put up with it for too long because I’ll wreck it or it’ll explode before a couple years have passed.
All I’d have to do is sell my house and all the stuff in it to live in the cheapest apartment I could find with nothing in it. And I’d have to find a new wife.
No problem, though, right? I’m sure there’s a decent apartment out there waiting for me that only costs $1, because there are more apartments than houses, and the market for houses isn’t that bad anyway. And what’s the total population of women out there — there’s a huge number of candidates. And I didn’t need all that stuff in the house anyway. And if there isn’t a $1 apartment, I’ll live in the car. No problem.
You may think I’m crazy to give up all that and go to all this trouble to get myself something so ridiculously overpriced, but look here:
– Five-liter V10 engine
– 520 horsepower
– 0-60 in negative two seconds
– fully retractable soft-top roof that I’ll never use because I’m in Seattle
The market price for that is over $200,000. If it’s that highly valued, it has to be awesome. Therefore buying one has to be a good move.