https://podcasts.apple.com/us/podcast/bitcoin-audible/id1359544516?i=1000627953798

I agree that while a car is necessary, the number of people that could/would buy $80k cars is WAY less than what we are seeing. They are paying $100k including interest that they would never pay if they couldn’t get 60 or 84 month terms.

So, probably the same amount of steel, fabric, etc in a $40k car and nearly all the utility compared to an $80k car, but the debt based lifestyle makes the decision strange.

Same for $200k humanities degrees, $600k townhouses, etc.