Car payments are usually the last payments people try to cut right before rent/mortgage because if your car is repossessed you can’t reliably get to work in most places. If that happens, it’s only a matter of time until you lose the roof over your head.
Vibingwhitecat on
How big is the derivative market for car loans?
restore_democracy on
How’s everyone enjoying the Trump economy?
StrangerFew2424 on
Thanks, Trump.
Darnell007 on
I don’t reckon the house cleaning of federal workers has anything to do with this.
jayfeather31 on
This is yet another horrific sign for the American economy. Honestly, once the AI bubble finally pops, we’ll very much be in a “The emperor has no clothes!” situation.
More_of_the-same-bs on
In many places you can’t get to work without a car. Either they’ve already lost their job, or they’re going to. Many people are just one or two paychecks away from homelessness.
Ohuigin on
I wouldn’t say they’re missing them, Bob.
Nateleb1234 on
Yet the stock market goes to new all time high every week. Makes no sense
JackBurton___Me on
When will trans illegal immigrants stop raising the price of our food!!!
angryapplepanda on
Yep. We financed a car when the economy was good, then my partner had a brain tumor that quaked our finances. I was the only one working for several years, we had tons of back rent that needed to be paid after the COVID lockdown, and the car eventually got repossessed.
Now, luckily, we live in a city with great public transit, and my partner is now working again, but the idea of getting another car with all of the money that goes into that decision sounds bonkers for the foreseeable future.
People forget how much our society is completely dependent on cars, even though owning and maintaining a car is a financial burden that many Americans cannot afford. It’s the richest country in the world and it’s still fundamentally broken for the working class.
Creative-Package6213 on
I work near a repo lot and I’ve never seen their main lot and overflow lot so busy. The economy is so much worse than people realize.
dkorabell on
I’m holding out for the new line of car-homes and accessories. Interior of windshield becomes a curved screen TV, seats and trunk convert to mini-queen bed. Dome light becomes mini chandelier.
That could work. /s
RegionalTranzit on
At least they can utilize our poorly funded and poorly operated American public transit system.
greatgildersleeve on
And missing meals, and doctor visits and…
wbrennan88 on
I’m not buying a second car until my 2011 Subaru falls apart is my plan
context_switch on
Last week’s headlines were that new cars are averaging $50K. A few weeks ago they announced that the average homebuyers age was 56 – up from 49 a few years ago.
Americans can’t afford to sustain the economy already, and it’s just going to get worse.
iyamwhatiyam8000 on
Car loans , credit card debt and mortgages.
kwyjibo1 on
But Obama asked for Dijon. /s
strolpol on
Doesn’t help that most vehicles are wildly overpriced and also built to be as expensive as possible for profit
jazzmaster4000 on
The car bubble bursting is gonna be bigger than than the housing bubble bursting in 2008. Hold onto your butts
If only we had non-shitty public transit here. Requiring automobile ownership to participate in society is insane.
pollardandsprout on
There’s a lot of bad deals on really expensive “status” pick-up trucks that are gonna take a lot of families down.
IronHaydon on
The whole thing (America) holds together when the American dream is within reach. If you can work hard and have a family and live and thrive , people stay within the lines.
Once it’s beyond reach there’s not much reason to stay civil. Maybe a generation (us) will still act like the lines matter but once those younger than us grow up without a carrot to chase , they will only see the stick and respond in kind.
26 Comments
I mean yeah, because FOOD, y’know?
Car payments are usually the last payments people try to cut right before rent/mortgage because if your car is repossessed you can’t reliably get to work in most places. If that happens, it’s only a matter of time until you lose the roof over your head.
How big is the derivative market for car loans?
How’s everyone enjoying the Trump economy?
Thanks, Trump.
I don’t reckon the house cleaning of federal workers has anything to do with this.
This is yet another horrific sign for the American economy. Honestly, once the AI bubble finally pops, we’ll very much be in a “The emperor has no clothes!” situation.
In many places you can’t get to work without a car. Either they’ve already lost their job, or they’re going to. Many people are just one or two paychecks away from homelessness.
I wouldn’t say they’re missing them, Bob.
Yet the stock market goes to new all time high every week. Makes no sense
When will trans illegal immigrants stop raising the price of our food!!!
Yep. We financed a car when the economy was good, then my partner had a brain tumor that quaked our finances. I was the only one working for several years, we had tons of back rent that needed to be paid after the COVID lockdown, and the car eventually got repossessed.
Now, luckily, we live in a city with great public transit, and my partner is now working again, but the idea of getting another car with all of the money that goes into that decision sounds bonkers for the foreseeable future.
People forget how much our society is completely dependent on cars, even though owning and maintaining a car is a financial burden that many Americans cannot afford. It’s the richest country in the world and it’s still fundamentally broken for the working class.
I work near a repo lot and I’ve never seen their main lot and overflow lot so busy. The economy is so much worse than people realize.
I’m holding out for the new line of car-homes and accessories. Interior of windshield becomes a curved screen TV, seats and trunk convert to mini-queen bed. Dome light becomes mini chandelier.
That could work. /s
At least they can utilize our poorly funded and poorly operated American public transit system.
And missing meals, and doctor visits and…
I’m not buying a second car until my 2011 Subaru falls apart is my plan
Last week’s headlines were that new cars are averaging $50K. A few weeks ago they announced that the average homebuyers age was 56 – up from 49 a few years ago.
Americans can’t afford to sustain the economy already, and it’s just going to get worse.
Car loans , credit card debt and mortgages.
But Obama asked for Dijon. /s
Doesn’t help that most vehicles are wildly overpriced and also built to be as expensive as possible for profit
The car bubble bursting is gonna be bigger than than the housing bubble bursting in 2008. Hold onto your butts
[Yeah but the rich people keep the economy going](https://finance.yahoo.com/news/wealthy-keeping-u-economy-alive-193106068.html), so does it even really matter? /s
If only we had non-shitty public transit here. Requiring automobile ownership to participate in society is insane.
There’s a lot of bad deals on really expensive “status” pick-up trucks that are gonna take a lot of families down.
The whole thing (America) holds together when the American dream is within reach. If you can work hard and have a family and live and thrive , people stay within the lines.
Once it’s beyond reach there’s not much reason to stay civil. Maybe a generation (us) will still act like the lines matter but once those younger than us grow up without a carrot to chase , they will only see the stick and respond in kind.