#61
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I know quite a few people who have $15K bikes. Pretty much every single one of them are high net worth individuals. One of them told me that when the market goes up by 0.25%, he can buy himself a new S-Works Tarmac. I will let you do the math :-)
I am not saying that is a logical approach, by the way. Quote:
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#62
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An $8k bike represents less than 2 weeks of earnings for 12% of households in the U.S. That's not a lot of money for a lot of people.
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#63
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Agreed and I'll take the rewards points all day on that $8k purchase on a CC card to just pay off. You get more protection anyway on big purchases like that on credit vs writing a check/cash.
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#64
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Modern $15k bikes are getting dang close to weighing what a 2014 Supersix Evo Hi mod weighed. Gotta love modern technology!
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#65
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I've heard that weight isn't the only parameter that describes the performance of a bike.
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#66
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I guess it depends on what our definition of performance is. I've ridden an Aethos and I've owned/raced an older Supersix, both are great bikes.
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#67
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Quote:
and the comment about paying with a cc for the points, I get that.. IF you can be disciplined enough to pay it off and not incur interest.. the % of folks that carry a cc balance in this country would say that is difficult for a lot of people.. maybe there are a lot of folks similar to people here that will drop $8-13k on a bike and it's not a thing.. or save for a few years for that big purchase.. but having lived around the country and seeing a lot of different folks, I guess I'm not convinced that's the norm for most luxery purchases.. to put my comments/thoughts in a different context, I also wouldn't spend $60-80k on a car either.. I probably could get a loan for one, but just wouldn't.. I also wouldn't drop $5-10k on a watch, so I guess I'm just not meant for the caviar dreams set..
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Be the Reason Others Succeed Last edited by fourflys; 10-08-2023 at 11:46 PM. |
#68
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No. See part 1.
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#69
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well, I'm happy your place in the world allows you to have that feeling.. it took me a long time to get to where I am and me thinking spending $8k on a bike is a normal thing for me to do just isn't the place I'm at in the world I guess..
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Be the Reason Others Succeed |
#70
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I've always thought people have the right to spend their own borrow (or borrow it, or whatever) as they wish, and the wisdom of their choices is for them to evaluate. We might have make different decisions, but that's for us.
A wise man once told me that value for money is an entirely subjective assessment, and the older I get, the more right I think he was. |
#71
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I have spent $5-6K a few different times now on bikes over time and haven't lost any sleep on those purchase.
BUT......I have also bought clothes from Sam's Club. I have only bought one new car in my life, paid $32k in cash and felt guilty about the money spent as I pulled out of the lot. We all have our priorities and make choices about where and how to spend our money. Clearly top fashion and cars are not my priority. As others have pointed out, unless you know the full picture, it hard to judge other's choices. |
#72
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Quote:
https://support.campagnolo.com/media...rt_A_Rev00.pdf
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Chisholm's Custom Wheels Qui Si Parla Campagnolo |
#73
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My "place in the world" and my "feeling" has nothing to do with other peoples' ability to buy $8k bicycles. It's simple economics -- there are many people that can easily afford an $6k bike.
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#74
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Quote:
Consider for a moment that most households own two vehicles, and the average cost of a new car right now is about $40k. So many average family households have about $80k sunk cost sitting in the driveway. If one person in that household wants to own one nice bicycle, suddenly a $15k bike does not sound unreasonable. Put another way, if a typical two vehicle household suddenly found themselves with one of those vehicles blown up, they would be thrilled to replace it with a $15k purchase. Put a third way, there are probably lots of people on this forum who have four $2k bikes, which is the same as one $8k bike... Just sayin.
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http://less-than-epic.blogspot.com/ |
#75
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Quote:
How much someone is willing to pay for different goods largely comes down to social norms, rather than actual needs. It has become normalized for people to pay for more expensive cars than they need (as well as larger houses than they need, but that's a different topic). When all the neighbors have expensive cars, people just assume it is "normal" that they too should buy an expensive car. The availability of easy credit hasn't helped here, either, where people buy cars (or houses) based on monthly payment, rather than actual cost. There's an old saying that someone whose car is worth more than their bike isn't a real cyclist. Using that criteria, how many here are real cyclists? |
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conspicuous consumption, veblen goods |
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