this post was submitted on 28 Aug 2023
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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

As in, you’ve profited from the sale of every car you’ve owned?

I profited from owning productive capital. You know, an investment!

I don’t think most people would want to own a car

I certainly wouldn't. I don't like owning a car. But it has been hard to turn down the return on investment potential. Where else were you going to get those kinds of returns?

In the past, that is. I haven't bought a car recently. With the price of vehicles today, it's not clear if there is still much ROI to be had – it seems pencils have been sharpened pretty sharp. But I'm not looking for one right now either so I haven't crunched the numbers very hard.

I also don’t think many regular consumers are buying cars for some chance to profit from the sale of them afterwards.

I wouldn't think so either. If they are looking for a bank account that returns some interest, they're more likely to go to a bank. But if they're looking for an investment, cars have been pretty good (maybe no longer; we shall see).