Agree. When I got a good job I could have afforded all these great cars but purchasing a house became a bigger priority. To that end I managed to pay off my mortgage on my 35th birthday, so now have a nice 4 bedroom detached house with no mortgage! After that I did get a few nice motors.
My mate has a brand new 150k lambo yet lives in a tiny 100K semi, that makes no sense to me.
We all do things differently and it’s about what makes us happy.
If your mate has no kids then I guess he does not need a bigger property and his enjoyment in life is his car, so he does what suits him, end of day he has a 150k asset that won’t change much in value due to nature of certain marques of cars, so he can always sell the car and get a bigger property if needs must.
I’ve always loved cars so is where I have some of my money and have around 225k in cars now all owned outright and I own two properties (no mortgage) and from a very young age I setup a private pension that I plan to take around 50 which will give me a great older lifestyle, I have no kids but if that ever changes I’ll be keeping the cars as well but no plans on sprogs.
We all do different things with our money maybe one day I’ll sell the properties and cars and just buy a huge house but that seems totally pointless when there is only two of us and our home is already a bit big for us both but we like privacy and a large outdoor space which it has and we simply leave a couple rooms unused.