Originally Posted by
DaveLeeNC
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Second when you are retired and much of your 'income' is derived from savings, the question 'can I afford it' is relatively ambiguous. Given an anticipated required income stream, 'how much is enough savings' is basically not knowable. Things are typically a bit more obvious when you are living strictly off an income (in the traditional sense).
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dave
I've been there all my adult life. We've never had "an income." I currently own 2 used bikes, one '99 Trek that I bought new but on sale in CA and had shipped up, and one rain bike which I built for $800. All the bikes I've ever owned before the Trek were used. Neither my wife nor I have every owned a new car. Our last car went almost 300k miles. We're all about utility, except for event jerseys, which we just can't resist. Almost all our jerseys are from events. OTOH, most of our vehicles, motor and human powered, over the decades have been higher end than we could have ever afforded new. Hence my rec for buying used. That's what I'd do.