I'm of the same opinion when I see the dime a dozen Mercedes or BMW in the middle/middle upper class ends of town. I can understand getting an AMG Merc or M series BMW if you have the money, but the average luxury brand 60 to 80k car that is parked every other parking spot with the owner maxxed out on leverage just seems foolhardy to me.
If you were poor and threw your money at sucker-bait, I might not bully you for it, because the price of the item is punishment enough already.
But if you're rich and buying that, I'm definitely bullying you.