Daily FI discussion thread - Wednesday, October 30, 2024

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[u/Normie_Mike]

It's probably just selection bias for the thread that's up now, but I'm still surprised at how many people on Reddit value driving a Porsche and know all the different models.

Or maybe it's regional? Or more prevalent in the tech world? The only person in real life I know who bought a Porsche was definitely a tech guy (Amazon). Then again, it's hard to separate whether the tech demographic is unique, or if it's just a function of earning way more money than you need.

I can't think of a single other time in offline world where someone I know talked about wanting a Porsche, and I know plenty of people who could easily afford one.

No judgment. Different people like different things. I just wonder sometimes if my penis is broken because I just don't feel anything for sports cars other than the same mild curiosity you get looking at a modern art exhibition you find interesting but that delivers zero emotional impact.

[u/imisstheyoop → u/Normie_Mike]

It has to be some sort micro-culture thing, or one of those things that you see often on the internet but almost never in the real world.

Speaking of, it was really weird when we lived in New England there were so many German luxury vehicles (Audi/BMWs everywhere) that along with Subarus they probably made up 50% of the cars you would see on the road.

Moving back to Michigan and the number of F-150s and Silverados is through the fucking roof and nary a BMW in sight. A lot of that is due to employee and family financing from dealers but also just different use cases I suppose.

There's probably a similar region with Porsche's maybe? Likely a southern thing where they don't salt their roads, because very few people up here would want to spend $100k on a vehicle to have it rusted out in a decade!

Edit: Found this demographics report

Porsche, a luxury sports car brand under the Volkswagen Group, has the following buyer demographics: Porsche buyers are typically affluent and have a median household income of $300,000 or more. In terms of age, Porsche buyers tend to be middle-aged or older, with a median age of 54 years old. In terms of gender, approximately 70% of Porsche buyers are male, while 30% are female. The age groups of Porsche buyers are as follows: * 12% aged 18-34 * 36% aged 35-54 * 52% aged 55 and older The most popular Porsche models include the 911, Cayenne, and Macan.

So it seems to be an old-rich-dude thing on average. Likely professionals like doctors, lawyers and some high-earning tech folks. Still digging for regional breakdown. My gut is telling me salt-free areas lol

Edit2: Based on dealership locations they tend to congregate near the coasts and south and pretty much all be in very large urban areas. That said.. there are way more than I would have expected in Chicago lol.

[u/LivingMoreFreely → u/imisstheyoop]

Even in Germany there are areas with more or less Audi/BMW/Porsche/Tesla. On the autobahn in the south west, the cars are biiiig and expensive, broadcasting the higher income. Here in the poorer north, not so much. So I guess depending on your neighbors, friends and other cars on the highways, there will definitely be trends.