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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 SDVTiger
Posted on 12/2/23 at 8:47 am to SDVTiger
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.
2
Posted on 12/2/23 at 8:49 am to SlowFlowPro
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 on 12/2/23 at 1:56 pm to SlowFlowPro
quote:What? Low rates were used to spur demand and we STILL didn't really have inflation.
post-2008 regarding interest rates to create effectively inflation
Inflation happened because of covid and the "stimulus".
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