Thread: Home and Auto For sale (sniffle). Apricot BMW.
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Old 08-15-2014, 09:06 AM   #143
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So based on the poll, it appears that a frugal purchase would involve spending less than 25 percent of one's annual income and a vehicle, and a luxurious purchase would involve spending more than 25 percent. I find that interesting, but I guess it's not far from what I would have guessed.

It would be interesting to see if that threshold varies by household income. It seems like if you have a lower income you might have to go with a higher percentage, and if you have a higher income you might be satisfied with a lower percentage. But I wonder if that's really the case or if tastes adjust with income.
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