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Forum: General Discussion Forum

08-26-2018, 04:56 PM

Replies: 57

Did you pay cash for your Class B?

Views: 8,572

Posted By avanti

I made up the 20%--my statement was an aphorism. ...

I made up the 20%--my statement was an aphorism.

But, it is about right. You have to be careful not to conflate the present and future values of money. This will vary with the economy.

Forum: General Discussion Forum

08-26-2018, 03:36 PM

Replies: 57

Did you pay cash for your Class B?

Views: 8,572

Posted By avanti

The difference between "cash people" and "credit...

The difference between "cash people" and "credit people" reduces to this:
Cash people take a few extra years to achieve a given level of consumption. Credit people pay 20% more for that level.
...

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