ironman1478
Joined 11 years ago
Joined 11 years ago
There will be a market for the car, but Ferrari is a mix of a car company, a lifestyle brand, and a jewelery company. The Luce doesn't really fit the image they've cultivated and is not distinctive enough from the rest of the market. It's almost too pedestrian. The inside is nice, but you can't flex on others with a nice interior. It also doesn't have fun features that are proving to be desirable, like the faux shifting that the Hyundai has and that other brands are gonna start adopting. It feels like a car Ferrari made to say they made an EV. Its like they felt they had to, either due to internal or external pressures.
Is it even beneficial to have a house worth a lot of money? Think about places where property is expensive, it is also expensive to live there in general because housing costs so much. The cost of housing means employers have to pay their employees a lot to keep them there. This in turn means you are paying more for goods and services. If you're a homeowner, but NOT a high income person, this is very bad. It means you can't make payments towards maintenance of your house, going out becomes harder, etc. Your quality of life decreases.
People who inherit homes that are worth a lot, but aren't flush with cash end up having to sell frequently because there is no way for them to maintain it. It's also the plot of white lotus season 2 with the villas lol.
Speculation is known to have an effect, but not nearly as much as an effect as under supply. Blackrock THEMSELVES published a paper that the reason their investments are working is due to the low development of housing. Their whole strategy is reliant on NIMBYism and people's lack of understanding of the housing market.