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tgrbaitn08
USA Fan
Member since Dec 2007
87826 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:


Hondas and Toyotas of today go for hundreds of thousands of trouble-free miles. I'm in my 50s, when I was growing up people would be scared of a vehicle when it reached 6 digits, now a Toyota ain't even broken in at that mileage.



Trucks and suburbans built in the 70’s and 80’ were famous for going 200k-300k miles


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08
LCA131
Appalachian St. Fan
Home of the Fake Sig lines
Member since Feb 2008
58624 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

So almost 20k?



No. Learn to read, moron. Not even a tool like you can move the goalposts that much.

But you'll try... Cause you're insecure.


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50
NewIberiaHaircut
LSU Fan
Lafayette
Member since May 2013
8751 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
I'll always live modestly and bank on being in the minority.


tgrbaitn08
USA Fan
Member since Dec 2007
87826 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:



Agreed, i love driving and road trips.. i actually wish i could drive more for work, as opposed to flying which has gotten to be a real pain.



I’m actually lucky enough to fly private every now and then but if I have to drive over 4-5 hours I’ll make it an over night trip which also gets old


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15
crazyLSUstudent
LSU Fan
391 miles away from Tiger Stadium
Member since Mar 2012
2680 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
Vehicles are more reliable than ever. You are dumb


Overbrook
Tulane Fan
Member since May 2013
5147 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
If You mean if people stop doing things like taking loans for consumption purposes, it would hit hard. It’s one of those double edged swords: people are much better off saving, but the economy needs then to borrow and spend. The auto industry depends on people taking consumption loans.
I said hit hard – it is hard for probably five years or so, until things adapted. That would be a long and tough five years.


deltaland
Mississippi St. Fan
Member since Mar 2011
50520 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
People would invest more money and become wealthier or have money for retirement thus eventually leading to a better economy due to smart financial decisions.

Buying shite on credit that loses its value way before the term of the loan is up causes people to drown in debt and hurts their ability to spend on stuff once they max out their credit


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10
tgrbaitn08
USA Fan
Member since Dec 2007
87826 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
You poor young little naive kids these days have no idea how well things used to be built back in the good old days.


fr33manator
LSU Fan
Baton Rouge
Member since Oct 2010
88427 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?


We are in between the last 2. I fear the halcyon days are waning. Pain is ahead in the fog of what’s to come.


tgrbaitn08
USA Fan
Member since Dec 2007
87826 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
We have a group a pussies coming into society and have been for the past 10-15 years.


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16
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GreatLakesTiger24
New Orleans Pelicans Fan
UPT
Member since May 2012
35345 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

I’d say I drive more than the average person but I wouldn’t say I’m that much above average



130 miles a day is definitely way above average


mmmmmbeeer
Georgia Fan
Member since Nov 2014
3090 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

By contrast, the "Cash For Clunkers" event under Obama not only didn't really create any additional sales of new cars (it only moved already planned sales forward a few months), it ended up killing the used car market and hurt sales in aftermarket parts that would have been used to maintain those cars.



As opposed to letting those businesses go under resulting in hundreds of thousands of people losing their jobs, I think it was a pretty good trade-off.


LCA131
Appalachian St. Fan
Home of the Fake Sig lines
Member since Feb 2008
58624 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

You poor young little naive kids these days have no idea how well things used to be built back in the good old days.


According to the New York Times, in the 1960s and 1970s, the typical car reached its end of life around 100,000 miles, but due to manufacturing improvements such as tighter tolerances and better anti-corrosion coatings, in the 2000s the typical car lasts closer to 200,000 miles.[4]


VetteGuy
LSU Fan
Member since Feb 2008
25470 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

I'll always live modestly and bank on being in the minority.


Most people live below or within their means. The economy would collapse if not. The overwhelming majority of Americans are current on their bills and have good credit.



Sweltering Chill
Wofford Fan
Member since Aug 2017
1327 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

Most people live below or within their means. The economy would collapse if not. The overwhelming majority of Americans are current on their bills and have good credit.



Sarcasm?


MiDixon Yermouth
Member since Sep 2018
136 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:

Vehicles are more reliable than ever.


This is true as far as total milage goes but are we better off now and are they really more reliable for the $?...
In 1964 a new Mustang and Corvette had respective manufacturer's suggested retail base prices of approx. $2000 and $4000... ..that would be $16,000 and $33,000 in 2019 money. But today's manufacturer's suggested base prices are $27,000 and $56,000... not quite double the relative cost but getting close. We might expect more milage today but at what cost?... is that at per dollar spent per mile?

Then when you consider the current tangible commodity investment value of 1960's cars today can easily be 10 times or more it's original cost depending on desirability... and simplicity of build lends itself to keeping those cars running for up to 100 years... and then it is doubtful the majority of today's cars will have any worth at all in 50 years... We have a lot more to consider when determining whether or not today's cars... or cars from 50 to 80 years ago are "better".
This post was edited on 8/13 at 10:54 pm


tgrbaitn08
USA Fan
Member since Dec 2007
87826 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
quote:


130 miles a day is definitely way above average


It used to be more than that


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01
teke184
LSU Fan
Zachary, LA
Member since Jan 2007
34851 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
... no, it didn’t “save” Jack shite.

All it did was move up sales that were going to happen within the next few months to that month, cannibalizing their own sales to get one really good month.


There were only going to be X number of cars sold for that year. That program cost a shite ton of taxpayer money to sell all of them in month 1 rather than across months 1-6.

And on top of that, the companies it ended up benefitting tended to be the foreign automakers like Toyota, Honda, etc, as opposed to domestic automakers like Ford, GM, and Chrysler, the latter two of which had just gotten massive government bailouts from the government in 2008-2009.


fr33manator
LSU Fan
Baton Rouge
Member since Oct 2010
88427 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
Not only that, but it put a lot of cars out of commission that still had value. We could have sold them to other countries, parted them out, etc.

Instead we bricked them


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dgnx6
LSU Fan
Baton Rouge
Member since Feb 2006
36657 posts

re: What Would Happen To The US Economy If Everyone Lived Modest?
Nothing. There are tons of people living for free in this country. So if everyone lived modest, it would just even out.


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