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  #41  
Old 14.06.2021, 16:36
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Re: Monetary policy: Is hyper-inflation on the way?

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Not just prices, demands ("needs") are different as well.

Most people don't really need a car, but it's convenient and standard nowadays.
From what I've heard car ownership is actually on the decline. Whereas in the 1980s or so young people would often buy a car with the first money they saved, nowadays many will wait until they really need one, and even then postpone as long as possible.

On the one hand cars are no longer as inherently fixable or tunable and the DIY appeal is more funneled into computers or whatever. And then the status symbol of having a car is also no longer what it was. Today you can impress much more with the lastest iOS gadget than you can with a second hand BMW.
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Old 14.06.2021, 17:05
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Re: Monetary policy: Is hyper-inflation on the way?

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From what I've heard car ownership is actually on the decline. Whereas in the 1980s or so young people would often buy a car with the first money they saved, nowadays many will wait until they really need one, and even then postpone as long as possible.

On the one hand cars are no longer as inherently fixable or tunable and the DIY appeal is more funneled into computers or whatever. And then the status symbol of having a car is also no longer what it was. Today you can impress much more with the lastest iOS gadget than you can with a second hand BMW.
15 years after my test I'm still in the postponing stage!
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  #43  
Old 14.06.2021, 17:15
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Re: Monetary policy: Is hyper-inflation on the way?

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From what I've heard car ownership is actually on the decline. Whereas in the 1980s or so young people would often buy a car with the first money they saved, nowadays many will wait until they really need one, and even then postpone as long as possible.

On the one hand cars are no longer as inherently fixable or tunable and the DIY appeal is more funneled into computers or whatever. And then the status symbol of having a car is also no longer what it was. Today you can impress much more with the lastest iOS gadget than you can with a second hand BMW.
Give me a break! Never going pick up any lady with some iOS gaget. Can see it now. Hey babe, wanna ride my smart phone? Got it now in vibrator mode. A real man needs a nice set of wheels giving a nice ride.
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Old 15.06.2021, 17:30
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Re: Monetary policy: Is hyper-inflation on the way?

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From what I've heard car ownership is actually on the decline. Whereas in the 1980s or so young people would often buy a car with the first money they saved, nowadays many will wait until they really need one, and even then postpone as long as possible.
Statista disagrees WRT cars per person. People per household, as well as each type's ratio, is pretty much unchanged over the last 15 years, too. Of course it's possible that some groups, e.g. the very young, act differently, but with overall stable/increasing ownership rate that may just as well mean that they use one of the parental cars they bought specifically for them.
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Old 15.06.2021, 20:16
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Re: Monetary policy: Is hyper-inflation on the way?

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15 years after my test I'm still in the postponing stage!
me too, well coming on for 30 years ...
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  #46  
Old 15.06.2021, 20:21
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Re: Monetary policy: Is hyper-inflation on the way?

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Give me a break! Never going pick up any lady with some iOS gaget. Can see it now. Hey babe, wanna ride my smart phone? Got it now in vibrator mode. A real man needs a nice set of wheels giving a nice ride.
Maybe they're not representative, but many of the teenagers I have discussed this with think that being interested in cars is a form of frowned upon nerdiness. And nobody wants to be the yokel in the group.

Maybe out in the sticks its different.
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Old 15.06.2021, 20:56
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Re: Monetary policy: Is hyper-inflation on the way?

IME the no-car youth is a city-only phenomenon, and in cities with good public transport (i.e. bigger cities). Outside, cars are still popular, as a hobby as well.

Besides, lots of these urban people then use one their parents' car when they need one. Some statistics ask if you have access to a car for this reason, rather than do you own it.
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