>Respectfully disagreed. The sales people for veblen goods work extremely hard because competition is intense even within that space. The Bugatti salesman is competing with Ferrari, McLaren, Lamborghini, etc.
Respectfully disagree. Which oil-rich Sheikh did you see who only has one supercar in their garage and not all of those you listed? These people aren't stock brokers or tech bros who need to work and save money for for years in order to be able to finally afford one dream car, but they own a multi generational empire that makes them enough money to afford all those cars.
>If none of them move on the deal then you're holding an absolutely immense albatross.
Comparing real estate to exotic cars is apples to buffalos. Most exotics are already sold before they leave the factory floor.
> "Respectfully disagree. Which oil-rich Sheikh did you see who only has one supercar in their garage and not all of those you listed?"
Except this isn't the main market for Ferrari, McLaren, Lambo, et al. There are maybe a few dozen people on this planet who fit into that kind of stratospheric wealth.
The bulk of their sales are to the "merely multi-millionaire" rich - your business executive, late-career law partner, guy who owns a chain of dental practices, etc. These are people who are not exactly scrimping and saving for their Ferrari, but certainly don't have the infinite money cheat code.
If you think Ferrari's sales ledger is consisted mainly of oil barons and other billionaires, I dunno what to tell you.
The oil sheikh with dozens of supercars is what drives the mega rich to aspire to own two supercars and the deka rich to fret about maybe buying their first one.
Respectfully disagree. Which oil-rich Sheikh did you see who only has one supercar in their garage and not all of those you listed? These people aren't stock brokers or tech bros who need to work and save money for for years in order to be able to finally afford one dream car, but they own a multi generational empire that makes them enough money to afford all those cars.
>If none of them move on the deal then you're holding an absolutely immense albatross.
Comparing real estate to exotic cars is apples to buffalos. Most exotics are already sold before they leave the factory floor.