Quote from: STT on May 06, 2019, 11:57:57 PM

A house and a car especially like the Lambo are two different asset types. Housing is a productive asset with a possible yield or innate benefit from reducing costs like rent but a car is a luxury for most and from a tax point the house is far more favoured. Only classic cars can be called appreciating assets, even a nice Lambo from its new price (which often is 20% tax or so ) will lose a third of its value in something like 5 years even if used lightly I think. That can vary but for normal production its the case.
Some can justify a car for work but nobody can justify a lambo as anything more then spending money unfortunately. Its definitely a millionaires play thing, hence the attraction of course

I can justify the presence of a lambo as a certain status vehicle for businessmen. For example, in Dubai, many have very expensive cars and they understand each other, but nevertheless they pay attention to the status of a person before making a deal with someone.
But really, for most people, this car is absolutely not needed.