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A comment on Vietnam’s Richest Man Bets $2B to Sell Cars to Americans. Parent comment

Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans by WA on Tuesday December 10, 2019 @06:16AM (#21751471)
A car is not an asset, but a liability. It doesn't generate money, it costs money.

If your 8-year-car is going to make you substantially more money than a cheap car that maybe doesn't require you to take a loan, you have a point. But since cars are about to go from A to B and the status symbol itself doesn't pay for anything, a cheaper car would do.

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Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans by nkrisc on Tuesday December 10, 2019 @08:03AM (#21752033)
Unless you consider the status utility worth paying for. Some people think it is. I think they're wrong, but who am I to say how they spend their money?

Why do people by expensive clothes that are no better than clothes a fraction of the cost?

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Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans by toomuchtodo on Tuesday December 10, 2019 @08:49AM (#21752368)
There’s evidence that people make decisions about others based on their clothing, even when directly informed not to during studies, so it appears there might be some utility in more expensive clothing.

The appearance of status might beget more status.

http://wws.princeton.edu/news-and-events/news/item/split-sec...

https://news.ycombinator.com/item?id=21751445

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