Re: Navel gazing & the future of the car hobby
Interesting thoughts, guys.
I'm now in my 40's and see my peers mimicking the mindset some of you mentioned. Some peers who live and work in cities don't even have a driver's license! They rely on public transportation and rides from services using their smartphone machines (Uber, Lyft, whatever). I live in the country and those around here learn to drive very young because it is necessary to do anything else. Different mindset from city to country living.
Also, Dave Ramsey says the rule of thumb is to not own anything with wheels or a motor that, all of their value totalled together, exceeds half of the total of your household annual gross income. Assuming the average income is $50,000 per year, you should not own more than $25,000 worth of cars (combined). My Model A 'collection' is worth more than my annual income by far. However, I am in Baby Step 7, so it doesn't matter. My peers who are in Baby Step 2 would be screwed.
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