There was a study sometime back that suggested most American millionaires live in homes of modest or at least unostentatious size and drive used cars of American make. These days it'd probably be of Japanese make, as Toyotas and Nissans are relatively cheap and last forever. Having a lot of money and showing the world that you have a lot of money are completely different goals. You'll be flat broke if you join an MLM with 99.5% certainty, but if you're a good enough salesperson they'll loan out a Mercedes or something to drive around so you can show off how rich the plan made you and "edify your upline". You're on the hook for fuel and maintenance, though.
Maybe it's the Scots-Irish in him, but my father was always one to go for the luxury stuff, but still seek out the good quality stuff at as good a price as he can manage and fix it up if it were broken. He knows how to keep a Cadillac Eldorado on the road for 20 years or more, so of course he's going to spring for the fancy if a used one turns up at a good price. In the 80s he bought a small mansion that was in a quasi-dilapidated state but had been standing since the opening years of the 20th century. We renovated it inside and out, and today it's on the National Register of Historic Places (though my parents no longer live there).
> still seek out the good quality stuff at as good a price as he can manage and fix it up if it were broken.
I think that's a nice story to highlight, being able to do things well and preserving that knowledge
While there can be benefits for mass producing things, what actually is produced is going to be limited by what techniques are conducive to automation. So the techniques that are hard to automate are lost from the market of provided goods and then human capital for it also gets lost (can't think of any concrete examples off the top of my head, but maybe the techniques for some elements of clothing that are now only found in couture/custom pieces). Another related idea is how there are much fewer color variations in manufactured goods now, simply because it simplifies the mass manufacturing process.
> can't think of any concrete examples off the top of my head, but maybe the techniques for some elements of clothing that are now only found in couture/custom pieces
Maybe how clothes used to come with a decent margin on the hems so you could alter them, but now they don't?
I don't have direct experience with Hondas, but I'm sure they're fantastic. My mom had a Nissan in the late 90s that she got with 100,000 miles on it and put another 100,000 miles on it before getting rid of it.
My admiration of Honda and Toyota comes from their hybrid offerings, probably the most practical kind of car to get.
EVs have the charging requirement, so it’s a lifestyle / home setup adjustment. Plus, other trade-offs like being way heavier due to the battery, and higher risk of being totaled if the battery pack is even slightly damaged.
Slight aside: I only recently learned how much easier it is to total an EV. A small accident can be fine for a gas car, but for an EV, if it does anything to the battery, and requires replacing the battery or going deep inside to try and figure out what’s wrong with it, it’s just not worth it anymore, and gets declared totaled by the insurance company. Not great! Felt it was worth including in my expected cost calculation for whether or not to get an EV.
And regular cars haven’t gotten MPG improvements in years.
So I have a good impression of the hybrid technologies they’ve developed!
Though their electrification strategy seems completely different.
Toyota/Lexus I think are in the hybrid lineup still. Whereas Honda went full electrification and shut down a lot of production so as to refit their factories. I believe one of the reasons that Honda sales plummeted recently, since they had just ramped down production.
Maybe that technology will be lost someday, I wonder how well-documented it is and if it’d be easy to ramp back up
Maybe it's the Scots-Irish in him, but my father was always one to go for the luxury stuff, but still seek out the good quality stuff at as good a price as he can manage and fix it up if it were broken. He knows how to keep a Cadillac Eldorado on the road for 20 years or more, so of course he's going to spring for the fancy if a used one turns up at a good price. In the 80s he bought a small mansion that was in a quasi-dilapidated state but had been standing since the opening years of the 20th century. We renovated it inside and out, and today it's on the National Register of Historic Places (though my parents no longer live there).