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re: I can’t help but think a lot of people driving newer cars with upside down loans
Posted on 5/8/24 at 7:57 pm to cgrand
Posted on 5/8/24 at 7:57 pm to cgrand
quote:
my first car loan in 1992 was 6%. That’s just what it was back in the stone ages. My home loan at the time was 11%. People have lived entire lives in a zero to low rate environment borrowing money should cost money
And asset prices need to reflect those rates. Which they don’t right now.
1
Posted on 5/8/24 at 8:14 pm to dsides
and the market will correct.
asset prices are still reflective of the low rate situation. Corporations are greedy they will charge what people will pay
Stop paying and prices will correct
asset prices are still reflective of the low rate situation. Corporations are greedy they will charge what people will pay
Stop paying and prices will correct
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