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The Car You Drive--It Still Says a Lot About You, Like It or Not
The current car I drive shows a perfect parallel with the fortunes of the real estate industry. I bought my shiny silver CLK Mercedes 500 CLK in 2004, probably at the high point of the bubble in real estate. My firm was doing 200-300 closings a month, sometimes doing the same borrower 5 or 6 times. This was never going to end, so why shouldn't I have an automobile which befits my elevated stature.
Fast forward to 2010, and I still have my 2004 Mercedes 500 CLK. I have made a command decision to drive this car until it can no longer move. Somewhere along the way, when I paid off the loan which I made to purchase the car, I realized how great it was not to have a car payment. That shows a certain level of financial maturity, although, truth to tell, I am in my 68th year of being alive.
As I was thinking about my car, and looking at other cars, whiz by me as I drove at the speed limit only, I have drawn the following conclusions about cars and who owns them. As usual, I am quick to make the hasty generalization, but these ate my ... more

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