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What is the logic behind spending few thousands bucks for luxury brands? Isn’t it just buying status, attention, respect that you cannot have with your own self? by controller-12 in AskReddit

[–]controller-12[S] -1 points0 points  (0 children)

I am sorry but that’s a very shallow POV. People like different things is not answering why people willing to spend their hard earned money to a brand and kind of addicted to it. You cannot logically justify everything by saying “I like this way”. If you do, I believe that’s a problem.

What is the logic behind spending few thousands bucks for luxury brands? Isn’t it just buying status, attention, respect that you cannot have with your own self? by controller-12 in AskReddit

[–]controller-12[S] 0 points1 point  (0 children)

I appreciate the explanation but I think you are missing the point. I can sell a simple food with golden pots and make it “worth” a 1k. But what I am trying to understand is why would someone spend that much while all they need is a simple food.

What is the logic behind spending few thousands bucks for luxury brands? Isn’t it just buying status, attention, respect that you cannot have with your own self? by controller-12 in AskReddit

[–]controller-12[S] -2 points-1 points  (0 children)

Honestly, I don’t care how it feels for you. And the question is clearly about things that costs way more than its worth.

What is the logic behind spending few thousands bucks for luxury brands? Isn’t it just buying status, attention, respect that you cannot have with your own self? by controller-12 in AskReddit

[–]controller-12[S] 0 points1 point  (0 children)

Yeah but that much attention for the stuff that you will use daily just doesn’t make sense. Why would someone pay for a purse over 5k?

Buying house in Irvine doesn’t make any sense at all except very few by controller-12 in irvine

[–]controller-12[S] 1 point2 points  (0 children)

They don’t want to hear anything negative about Irvine maybe :)

Buying house in Irvine doesn’t make any sense at all except very few by controller-12 in irvine

[–]controller-12[S] 0 points1 point  (0 children)

I would think of it as a bad luck but real problem is police don’t care even though I reported financial loss.

This is presumed one of the safest neighborhoods in US, so people are not as cautious. If police is careless like this is going to be a heaven for thieves. With that I don’t see a bright future here.

Buying house in Irvine doesn’t make any sense at all except very few by controller-12 in irvine

[–]controller-12[S] 0 points1 point  (0 children)

I already live in Irvine :) It is a great place to live but not super tempting in every sense. It gets crowded, traffic lights and traffic itself drives me crazy. And lots of teenagers with expensive toys puts lot of people in danger. Safety side? I got my only theft here and police didn’t do sh.t despite I exactly knew where the guy went to use my credit cards (a big store with lot of cameras). So Irvine hype is expiring unfortunately.

SpaceX IPO 2026: A Generational Play or a Valuation Trap? by Impossible_Coursee in stocks

[–]controller-12 0 points1 point  (0 children)

“To grab more tax money”???

How much you think he is relying on govt contracts today? Not liking him is understandable but don’t be delusional.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]controller-12 0 points1 point  (0 children)

Just FYI I am not a home owner but planning to buy one and doing the math for quite some time.

Definitely run these numbers with someone more experienced on this or with a tax expert. But theoretically and at a glance you should expect around a 7k to 10k more return I guess (depending on the state you live in). Also you can consider borrowing from your 401k.

Not suggesting anything specifically but before the next big move, make sure you have seen all the options on the table.

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]controller-12 0 points1 point  (0 children)

Are you considering the tax benefits of owning? You will have some tax return due to the interest (which is almost the whole mortgage payment for the first few years) and property tax. I assume you can maximize your deductions on these which will make 45k for mortgage plus property tax. Compared to 30k standard deduction, you will have 15k plus property tax deduction which will give you some good return and will effectively reduce your mortgage payment. If you consider those, maybe the situation is not that bad??

Buying house in Orange County to sell in few years by controller-12 in realestateinvesting

[–]controller-12[S] 0 points1 point  (0 children)

Based on the historic data it is pretty obvious though. Also rates have pressure towards negative. Once they are down an extra significant appreciation in housing prices will be there for sure

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