Quote:
Originally Posted by Tapioca
Parents have it WAY easier these days when it comes to supports from the government... we put our two kids through full-time daycare when there were no provincial subsidies.
Speaking of cheerleading... my daughter was accidentally given some merch ordered by another parent. We took a peak at their invoice and the invoice totaled over $500 for team merch. I pick up my daughter from cheer practice with my 15-year old beater and all of the cheer parents are driving late-model SUVs, pickup trucks (because suburbs) and Teslas. Cheer moms with botox. Maybe balancing books these days is truly an anomaly and families are living on that HELOC life or running non-profitable MLM businesses.
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Not that 30k is insignificant, but a 2019 X3, the one we drive right now, that's how much it's worth and it's half of a brand new one while looking almost identical on the exterior (there's been a facelift).
With what you said, using their HELOC and looking good isn't a terribly hard challenge, plus you get the peace of mind that you are driving a modern and safe car and the unfortunate fact is, some of these parents probably need that.
Granted they have a HELOC they can use instead of just rolling cars forward.