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No. of Recommendations: 26
I am not quite sure how to express it; but it has to do with toys. Many people who we as RE's would consider foolish (or is that Foolish) & broke have a garage/basement of toys: motorcycles, ATV's, boats, guns, radio controlled airplanes, airplanes you sit in, sports cars, skis, HD TV's, etc,. etc.

One at a time there absolutely nothing wrong with any of the above. However, this collection of toy junk is usually an expression of 10 - 20 years of experimentation & self-gratification; not an expression of need & commitment.

As an example, I do have $2000 - $3000 of ski equipment in my garage. However, my wife & I actually do ski 60 or so days per year at a serious level. 60 days of ski rentals would cost approximately $800 to $1200 per year & we keep our equipment for 8 - 12 years. Therefore, making the commitment to purchase the equipment appears wise to me. OTOH, there are no boats, planes, ATVs or horses in my garage (however, there might be a few motorcycles).

I guess my bottom line is: "Rent to experiment; only buy when you are committed to an avocation."

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