faust said:A very interesting IHT article on luxury goods, from www.iht.com
America's take on "new" luxury
By Katie Weisman International Herald Tribune
MONDAY, DECEMBER 5, 2005
..................Yet Myers sees another scenario less lucrative for luxury makers: leasing.
"One big thing we're seeing with luxury is that consumers don't see the need to own anything anymore," he says. The attitude is: "Why do I need to buy a Porsche when I can lease it for $300 a month?"
"The consumers watch what's going on at the Academy Awards with all the borrowed dresses and jewelry. It's not real," Myers continues. "They ask: If the stars can do it at that level, then I can do it at my own level. Why should I make this investment?"
yes, i find leasing much more 'forward' than owning
excellent article, thanks for sharing faust