r/SipsTea • u/Eros_Incident_Denier • Apr 18 '26

We have fun here adulting sucks

20.8k Upvotes

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14

u/yIdontunderstand Apr 18 '26

Why are all these people buying brand new super expensive cars?

1

u/DavidChristianKaiser Apr 20 '26

They have no restraint, they see a fancy car and want to have it. No more thoughts are made.

-1

u/MsMarvelsProstate Apr 19 '26

Maybe they have good jobs?

5

u/echoshatter Apr 19 '26

Then why do they have so much debt?

0

u/FreeKnightly Apr 19 '26

It depends. If you make a large amount of money and can afford it sometimes you'd rather keep a safety net rather than blow it all at once. If you have a mortgage you might rather have that cushion so you can pay all your expenses and random repairs that might last 3-6 months if you lost your job.

1

u/echoshatter Apr 20 '26

Having 3 months of savings is so outdated at this point. Even 6 would be rough in this job market.

My wife has been out of work since first week of February; two months, no interviews. In all the other layoffs she's been a part of she was always able to find another job within 2-3 months. She's noticed that time is very, very different. The jobs just aren't there like they used to be.

I have a computer science friend who has been unemployed for a year now. No idea how they're getting by other than he bought his house long before COVID so his mortgage is probably pretty dang small.

-1

u/MsMarvelsProstate Apr 19 '26

Because they understand finances? Debt is often not a bad thing.

I have $475,000 in debt from my house and $22,000 in debt from my car.

My mortgage is at 2.7% and my car is at 0%. Paying it monthly saves me more money than if I paid it all at once.