The Wall

[Savy]

LOL, doesn't that affect the cheapest shit cars? Better cars mean more money has to be spent on the procurement of those cars, right?

What do you mean? I'm saying your car basically has a guaranteed scrap price, not so much a bad thing but market adjustments don't happen so it is, therefore any car you could buy that cost you less than x (x is scrap price of your car) you can no longer buy. We're talking old crappy cars at this point but that doesn't mean they aren't old crappy cars you can get time out of. The knock on effect of this is that EVERY car gets slightly more expensive because you don't just delete the cars worth less than that you also raise the value of every car slightly above that and that knocks on to every other car (decreasing as you go up). So that £400 car you might have bought is £450, etc.

[Jack Sawyer]

What do you mean? I'm saying your car basically has a guaranteed scrap price, not so much a bad thing but market adjustments don't happen so it is, therefore any car you could buy that cost you less than x (x is scrap price of your car) you can no longer buy. We're talking old crappy cars at this point but that doesn't mean they aren't old crappy cars you can get time out of. The knock on effect of this is that EVERY car gets slightly more expensive because you don't just delete the cars worth less than that you also raise the value of every car slightly above that and that knocks on to every other car (decreasing as you go up). So that £400 car you might have bought is £450, etc.

Indeed, every car gets more expensive, therefore more money has to be spent on the procurement of those cars, right?


Making things more expensive is not in the interests of the poor and the marginated in any case. Which is probably why the more bottom end of the market dissapeared. But I dunno about this issue and it's not really relevant right now, so to steal your own words, cba.


And yet my point was that in bananastand's particular example above


a) Realistic prices for quite many people, but also realistic because no savings are taken into accoount. I guess, when living paycheck to paycheck, one cannot 'afford' to save even in theory


b) By introducing a some sort of mythical government ceiling on a specific debit entry in any budget, you allow for allocation of those freed funds into something else. Yet, in this example, the specific affectees by this introduced ceiling would make so much noise to all the winds that it would be overturned in a snap. That, and lobbyists.

not so much a bad thing but market adjustments don't happen

Indeed

[Savy]

That's fair enough.

I'm just saying same car more expensive whilst also stopping you buying a % of the market. This isn't your point clearly.

[wufwugy]

when living paycheck to paycheck, one cannot 'afford' to save even in theory

Sure you can (unless you're referring to how somebody living paycheck to paycheck definitionally isn't saving).

I've known a lot of working-low-middle-class people. They all have one thing in common: they throw their money down the toilet and complain about how they live paycheck to paycheck. A commonality among more well off people is tendency to save regardless of income level. In fact, one of the best ways (and probably the single most underrated way) to move up in wealth is to consistently spend less than you make.

[MadMojoMonkey]

In fact, one of the best ways (and probably the single most underrated way) to move up in wealth is to consistently spend less than you make.

The math checks out.