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      12-03-2017, 10:53 PM   #133
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I? started the thread and am happy to see the wide range of ages

I? just gotta say I've had many fast and nice cars but the f10 m5 the first car where I? actually feel contempt with the car. Usually in my old cars I would be thinking about the next upgrade within a few weeks but not in this car.

Had it almost 3 months now almost 8k miles in just 3 months..... a true pleasure.
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      12-04-2017, 04:28 AM   #134
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Originally Posted by Matteo88 View Post
Quote:
Originally Posted by ARKONE View Post
I bought my F10 M5 for $71,000 in 2014 when I was 19. Thanks bitcoin! I put 40k miles on the car in 18 months and was hit by a drunk driver. Got a check for $5k for diminished value and sold the car for $45,000. Net cost to own the car for almost 2 years was $21,000!


The kicker is I'm in financial planning now! But as long as you're not financing a depreciating asset; most 20-something year olds are earning $75k-$100k+ out of college.

It's my second year in the work force and my take home this year will be just shy of $190k. I plan on using my year-end bonus on the deposit for the F90.
still reading through the posts here but a lot of this i think comes down to priorities. you made a ton of money on bitcoin and valued having the car you wanted so you went and got it. i'm not ashamed to admit i lived at home until 1.5 years before getting married at 31 but i saved 50% of my take home pay and invested it. i now have over 600K invested and it's growing at 5-10% per year, compounding. i also own a condo and a house (both mortgaged so i don't own them outright). so i'm checking out a 2014 M5 but now that i have all this money invested and growing, i can't bring myself to take out 50K or so to get the car lol because i think about how much interest i am losing. so while the cost of buying one of these in your 20s is massive when you factor in the foregone interest... i mean you at least got to drive one when it probably mattered most to you and you're not in my boat where you definitely have the means to get the car but are too cheap to actually buy it lol.

anyway just my 2 cents. glad to see everyone is getting along i'm 36 btw.
Get #racekor imo. Unless you plan on cashing out $600k and doing a money dive like Scrooge McDuck.
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      12-04-2017, 11:20 AM   #135
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Originally Posted by ARKONE View Post
You're absolutely correct in your points. Had I not been a buffoon and held onto my investment, I could buy a dozen M5s, but that's a moot point. Opportunity cost will always be a bitch.

I'm with you about having money work for you. I got into real estate and now money is like a game. The more money you have, the higher the score.

It's hard to be patient and I can go pick up a CPO M5 right now, but like you said, real estate is just too juicy. I can wait until the F90 drops as I planned my budget for it already.

As far as the getting along part... There's a ton of jackasses on here, depending on which perspective you're looking at. You levering up via real estate or throw you money into the markets?
real estate is tough to get into in my city now (toronto). prices rallied massively over the past few years due to low supply and high foreign investment. the average detached home in toronto now goes for $1M+. condos are just over half that on average so your average real estate investor has a tough time getting more than one investment property these days. that said, anyone who invested in real estate 5-10 years ago is laughing all the way to the bank. we've seen YoY returns of over 50% in some boroughs during that period.
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      12-04-2017, 09:56 PM   #136
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Quote:
Originally Posted by E63amg View Post
I? started the thread and am happy to see the wide range of ages

I? just gotta say I've had many fast and nice cars but the f10 m5 the first car where I? actually feel contempt with the car. Usually in my old cars I would be thinking about the next upgrade within a few weeks but not in this car.

Had it almost 3 months now almost 8k miles in just 3 months..... a true pleasure.
Awesome to see! I loved mine and put something like 45k miles on it in 18 months. Tempted to pick up a M6 GC to hold me over until the 2018 drops. You considering an upgrade to the F90?

Quote:
Originally Posted by SDPLV View Post
Get #racekor imo. Unless you plan on cashing out $600k and doing a money dive like Scrooge McDuck.
What's #racekor? Telling him to buy another ///M?

Quote:
Originally Posted by Matteo88 View Post
real estate is tough to get into in my city now (toronto). prices rallied massively over the past few years due to low supply and high foreign investment. the average detached home in toronto now goes for $1M+. condos are just over half that on average so your average real estate investor has a tough time getting more than one investment property these days. that said, anyone who invested in real estate 5-10 years ago is laughing all the way to the bank. we've seen YoY returns of over 50% in some boroughs during that period.

It's terrible everywhere. Here in Nebraska home prices are up 30% in the past 2 years. We experienced about 10% growth from 2000 to 2006/7 right up to the recession, so massive bubble here as well.

If you want juicy returns but can't afford to buy up there, look in the midwest. Tons of properties in the sub $200k range with 10% cap rate! Low taxes is another kicker! You can net 7% easily.
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      12-05-2017, 08:54 PM   #137
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Average age will surely come down, now that more F10s are on the CPO / Used market. More tuners and younger drivers interested in its potential.
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      12-05-2017, 10:04 PM   #138
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Average age will surely come down, now that more F10s are on the CPO / Used market. More tuners and younger drivers interested in its potential.
Some of will move over to the dark side (p-car or MB)
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      02-27-2018, 01:47 AM   #139
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Im enjoying
wheres trevor been ? lmao
LOL... not sure... I actually miss her.... oops I meant miss him
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      02-27-2018, 09:53 PM   #140
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      02-27-2018, 10:25 PM   #141
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37, about to be 38 here.

Second BMW- first was about half the cost of the 2013 M5- it was a 2007 335i
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      02-28-2018, 08:54 AM   #142
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      02-28-2018, 09:28 AM   #143
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      03-01-2018, 06:44 AM   #144
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I'm 34 - was 32 when I bought it... time flies when you're having fun in an M5!

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      03-10-2018, 10:14 PM   #145
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64; 4th BMW, first M5.
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      03-11-2018, 11:19 AM   #146
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      03-11-2018, 09:15 PM   #147
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GONE: 15' F10 M5|BSM|BLACK|VELOS VSS-S2|KW|AKRA|IND|CF |ESCORT 360|VELOS PIGGY
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      03-12-2018, 01:05 PM   #148
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I figured I would follow jose. Also 47, management consultant, 2nd M5 (e60 and now F10).
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      03-12-2018, 04:59 PM   #149
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      03-12-2018, 08:47 PM   #150
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      04-15-2018, 08:03 PM   #151
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      04-15-2018, 09:18 PM   #152
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i will have my first this week sometime, 2016 M5 Comp Package with Dinan Stage 2, 47YO
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      04-16-2018, 07:50 AM   #153
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      04-16-2018, 04:11 PM   #154
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