I ruined someone's car park learning to do handbrake turns, about 5 years before GTA 1 came out. But (coincidentally) only a few miles from Dundee where GTA was developed! I went to university with some of the people who had done Lemmings levels.
I knew about tires prices and cable wear on non hydraulic handbrakes so I really only played with the scandinavian flick or the handbrake on snowy days.
And shortly after I learned how expensive tyres were, I stopped doing handbrake turns.
And shortly afterwards, in addition to all the different physics-in-action experience, I learned about how car insurance excess works.