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re: Car dealers have so much backlog, some 2022s are "new"

Posted on 12/2/23 at 8:47 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425382 posts
Posted on 12/2/23 at 8:47 am to
quote:

No one is forcing them to refi. They could BK j




Classic.

quote:

or just let the debt go

Most of these people are professionals not judgment proof leeches.

All the Covid printing in 2020 and the mega inflation it caused, along with salaries being stagnant, has put the majority of Americans in -EV financial situations. Add in the shitty policies post-2008 regarding interest rates to create effectively inflation in order to counter the deflation our economy needed, and here we are.

The point is that prices are too high. Cars, houses, etc. Deflation is needed again.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74851 posts
Posted on 12/2/23 at 8:49 am to
quote:

Classic


Whats classic? Is that not an option?
So they are not being forced they chose to get into this position and now are choosing to refi

quote:

All the Covid printing in 2020 


I knew you would slip in your TDS
This post was edited on 12/2/23 at 8:51 am
Posted by Big Scrub TX
Member since Dec 2013
33733 posts
Posted on 12/2/23 at 1:56 pm to
quote:

post-2008 regarding interest rates to create effectively inflation
What? Low rates were used to spur demand and we STILL didn't really have inflation.

Inflation happened because of covid and the "stimulus".
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