Wednesday, March 25, 2009

'I Had the Money. So Why Not?'



Posted by Yen Ho
Written by Paul Schwartzman

Alexa Choi did something recently that most Americans are avoiding. She spent money. Lots of it.

On Christmas Eve, Choi went to a BMW dealer in Fairfax County and bought a black 2009 sedan. Her mother's objections did not deter her. Nor did the fact that the value of her investments had shrunk by 40 percent. And that $48,000 price tag? No sweat.

"At the end of the day, I knew exactly what I wanted," said Choi, 31, manager of an Arlington County-based technology company. "I needed the car, I had the money. So why not?"

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