Quote:
Originally Posted by John 070
imho this forum does not really represent what is typical. There really aren't that many (out of the general population) where their parents bought them a BMW. There are trust fund babies, but they are few and far between. Captains of industry do pull in more than 80 mil./year on Wall St., Silicon Valley, etc., but again, few and far between.
Food for thought, if a typical doctor pulls in 300k, do you think he can afford to buy his kid a BMW? Highly unlikely.
We do have two things in the US that I feel contribute to the HS student driving a spanking brand-new BMW--leasing, and shortage of time. Leasing helps keep the cash flow relatively smaller for a big ticket item. If a busy parent has little time to spend with their child because they're working 70+ hours a week, what better way to say I love you kid than to lease them a new car?
p.s. a 21 y.o. high school kid is a loser imho, he should have graduated by 17 or 18
|
I have to disagree with the 300k a year not being able to buy his kid a BMW. I am 20 by the way, and in my second year in college. I am currently working as an intern for the 5th largest banking institution in the world. So I don't consider myself a complete loser (I would consider myself a winner if I was completely financially independent), but I'm glad to see there are people with higher standards such as yourself.