The economy sure is doing well /s
You cant afford a new house. You cant afford a new car. Healthcare costs are the single largest cause of bankrupcy and financial strain is the single largest cause of divorce. But at least the billionaires are thriving.
“Eat the rich” is honestly where we’re headed. And I don’t mean literally eat I mean TAKE THEIR WEALTH.
Until billionaires are made illegal, and “real estate investment” (i.e. predatory price gouging on homes/apartments) is made illegal, everything is gonna continue getting more fucked. It’s too little too late though, greed has destroyed our planet. We’ve got front row seats to the downturn of human civilization.
I’m stocking up on canned food, and I’ve never been the doomsday prepper type. Honestly I think we’re about to enter a protracted global depression that makes ‘08 look like a speedbump.
The immigrant crisis around the globe is also at a tipping point. Climate change and corporate greed have fucked many places in the world out of habitability.
Immigrants aren’t going to stop coming because the alternative is a slow and miserable death or the threat of cartel governments. Now western countries don’t want to take care of them and don’t want to deal with them at all, because immigrants demand resources and we need all that money to hide in congress’ ratholes.
Well if we hadn’t fucking destroyed the planet in the blink of an eye maybe they wouldn’t all need to come to europe. If we hadn’t waged this stupid fucking war on drugs then maybe south/central americans wouldn’t need to flee cartel zones for fear of their entire village being beheaded and dumped in a pit.
America and Europe are only beginning to reap what we’ve sown over the last 50 years and we already want to throw in the towel.
Shit is going to get far worse, everywhere, imminently.
Maybe it will get worse in the future, but what resources do immigrants require? They don't need nannies or childcare or schooling...they just work, consume and pay taxes like everyone else. Has this ever been a problem for the US? Up to the 1930s, the US had an immigration of over 11% of population, the same as it's been since the 2000s. https://www.migrationpolicy.org/programs/data-hub/charts/immigrant-population-over-time
I won't even mention the EU, we're in demographic suicide here because raising kids people until they have a job and a house and stability is fucking expensive xP
'08 never actually ran its course. They kicked the can in the hopes they would be able to not have it actually bear its foul fruit.
The derivates market is overleveraged, some entities over 30X. They are holding the hot potato and hoping it will cool off as they hold a blowtorch to it, as a manner of business.
And I don’t mean literally eat I mean TAKE THEIR WEALTH.
Why not both?
Because people who scream eat the rich, also scream ban firearms...you need those to be able to eat the rich.
You're confusing liberals and leftists
Nooo no no no no. Those two things are not the same.
I'd use knife and fork but you do you.
Pitchforks and torches work well enough. They're more fun also. ¯\_(ツ)_/¯
Gonna start googling long pork recipes - wonder if I can make some good tacos al pastor...
Literally eating a significant portion of them would probably lead to the most rapid cause-and-effect changes taking place though.
This is an example of hating other people irrationally.
My Accord is old enough to vote and I'll be driving it until it dies. Or until I do.
Hey, my Accord could start high school! Congrats to us 🤡
I've always driven cars until they die...or in the case of my 2007 Accord a my son totals it. 😑 I do as much of my own work as possible too.
I truly don't get the point of getting a new car just to get a new car.
Not trying to tell you how to live your life, I totally understand the mentality, but for me it was a revolutionary jump in technology.
From having to drive in stop and go traffic to just letting the car do it has been magical for me. I can now do a 6+ hour drive and no longer be absolutely wrecked at the end. Not that I do it often, but it's usually for a family thing or a vacation, so both things that I kinda want to be cognisant for.
That plus all the safety stuff like a backup camera, the beeping when getting close to stuff, etc. has made my driving life so much better
There are few things that have changed my life overnight, but a (much, much) newer car with updated tech was totally one of them.
I guess for me it doesn't matter. I work 100% from home and drive very, very little. I keep an SUV for hardware store trips and an occasional foray out for lunch (or family vacation). That's still a 2015 Honda Pilot so not exactly new, lol. Wife drives a small Focus and my son has a Mazda3.
Maybe if I was driving hours a day on the regular it would matter. Though honestly I'm not sure it would. It's a method of transportation, not the latest smartphone. I may be in the minority with that.
I will add, not sure it's relevant, that I'm in the percentage that would have no problem purchasing a new car. Depending on the price-point I may even be able to pay cash. Again though, I don't need brand-new vehicles.
Totally fair, cars are more and more like smartphones these days...with all the good and bad that comes with it!
My car is old enough to have kids my age, but at least I'll never have to take it to a mechanic. No computers means I can do everything from valve timing to gearbox rebuilds myself, and parts are dirt cheap because they're being thrown out all the time.
I'm in the market for a work truck right now, and it ain't pretty.
Don't forget they also made college unaffordable and made sure you can't get rid of student loans in bankruptcy. Charming place this is.
Don't forget they created derivates based on that debt, because they "learned" from '08 how home mortgage debt derivatives isn't as safe as they thought.
Good thing that non-dischargeable debt is nice and safe and won't be wiped by government action, because that would make tiers of derivatives worthless and unwind multiples of the economy into a crater. That is why they fought against wiping student loan debts.
this is all gonna snap, probably all at once
Choppity chop
- a house.
But at least the billionaires are thriving.
If the loud ones (e.g. Elon) are any indication, I don't really think this is true either.
Elon isnt doing badly because of the economy, hes doing badly because hes a moron. Most billionaires arent "struggling" to grow their wealth.
I agree with your point and also don't really care how they're handling having obscene wealth and untold power over everyone else, I just think it's worth pointing out that giving these rich assholes exactly what they want doesn't make them happier either. It's a losing situation all around (though obviously more for people on the bottom).
So many corporations are about to start losing money in their pursuit of being greedy and fucking us over for more money. Like at this point I have enough money for food. That's mostly it.
I have a friend in America who has to take 2-3 jobs just to be able to afford rent and basic living. It's shocking that things have gotten to that point
Marketplace on NPR yesterday was boasting about how job creation was outpacing population growth, and they claimed that the US was employing more people.
My ass was thinking “that logic only works if it’s one person, one job. And that isn’t the case for many Americans these days.”
Yep, Biden is making a huge mistake by leaning into the whole 'actually, the economy is great according to these indicators we've picked!'. People know better from personal experience.
The thing is that according to liberal ideas, the economy IS doing great.
Anyone to the left of Joe Biden recognizes that it isn't, but liberals are the majority of the democratic party. To them the "traditional" economic markers are the most important things to track, and those numbers all look good.
"Liberal" economic ideas have nothing to do with the living conditions of the average person, they have everything to do with the capitalist class being happy and "opportunity" being available to the working class. That's why the economy in the 1910s could be described as healthy even though people were literally forced to live in tenement houses and were being locked into factories. That's also why many liberal economists say that it's possible for unemployment to get too low, because apparently that's considered bad.
The question Joe Biden is answering when he says the economy is doing well is "are the capitalists happy and continuing to expand capitalism to extract as much wealth as possible from the working class," and right now that answer is clearly yes.
Liberals don't want employment to get too low, because that would give the working class actual negotiating power over working conditions without even having the need for unions.
I think that sentiment is shared by politicians on both sides of the aisle. Just look at all the smear articles from the last few years claiming workers are greedy and ultimately the problem.
Yeah, Republicans are not even pretending to care about workers. I wasn't implying they're better in any aspect.
And Trump is taking advantage of this. Motherfucker has zero shame in lying to workers, telling them that his presidency will make their lives better, and then never say how that will happen. His platform is “trust me, I’m a rich guy.”
the problem with capitalism is eventually you run out of poor people's money
That's certainly the problem I'm having
It's been that way since I graduated highschool back in the early 2000s. It just been getting worse since then.
Average lease right now in the US for a new car is about $525/mo
That was what rent was for a 850 sqft studio in most B-list East Coast cities (think Worcester MA, Rochester NY, Raleigh NC, etc), just 10-15 years ago.
We’re careening towards the tipping point where the commute to my area to work will make it not worth it.
Jobs around here pay $16-18/hr and I have a couple coworkers who drive 1hr20m each way for that $16
Meanwhile rent anywhere near here is $1600/mo
It’s already almost unjustifiable for people to commute to this area to work, and you can’t live around here on the wages these places offer, so everyone is desperately hiring.
These retail companies are going to fold like a house of fucking cards. And honestly they fucking deserve it. These big chains enjoyed decades of insane profits without raising wages at all, now they have to raise wages for people to even exist and they’re still raising prices on goods to offset their new wage expenditures.
God forbid these corporate subhumans sacrifice 1% of their profits each year so that the entire economy doesn’t collapse.
Assuming that's about a 60 mile commute and they average 30 miles per gallon, that means it costs your friends 1/8th of their income just to drive to work.
2 gals x $4/gallon x 2 trips = $16. That's one hour of their eight hour shift that they have to work just to be able to work.
That's if they get 30mpg. At 20mpg, it costs them $24, or 1.5 hours of work just to afford to get to work.
Yet the most popular new cars sold are V8s that weigh 2.5 tonnes and are the size and shape of a brick shithouse. In this country, you can't even buy a small, economical hatchback new anymore, even if you had the money.
Fuel costs in the 1970s were never anymore than 40¢/Litre, yet that was the "fuel crisis" and the driving force behind econo-boxes. Now at $2.20/Litre, Ford of Australia only sell two whopping big utes, a van, and three ugly SUVs.
Thank the EPA (in the US) for that, not consumers.
Also, 40 cents in 1975 is equivalent to $2.28 USD today.
My first ever apartment that I paid for all by myself cost 550 in bum fuck Georgia 15 years ago I’m pretty sure it’s still the nicest and largest apt I’ve ever had. I can only imagine what it costs now when this glorified hallway I live in now is 1850
My last house was $1300/mo, which was considered high for my area. Now I'm paying $2500/mo for a place that's falling apart.
I paid $550 in rent for a 550sqft apartment in a nice neighborhood in a midsize southern city just 6 years ago. Heard from a friend that's still there that new signups for the same place cost $1100 now.
Occupy Wall Street should have gone full French revolution.
It wasnt even as bad at that point.
Until reporters found the absolute dumbest people they could find for interviews and successfully spun the entire narrative as OWS being a bunch of looneys.
My question is, what is the advantage of buying a brand new car? It loses 20% of its value when they hand you the keys.
I don't know about you people but I can't afford to take a $10,000 hit on a $50,000 purchase the instant I make the purchase, and anyone who can afford that isn't buying a $50,000 car
I bought a new car earlier this year. I got a Toyota. I intend on being its only owner (I will drive it until it is totaled). With the reliability I expect to get out of the car, that means I could be driving it for 15-20 years if I treat it right. Since I figure I’m going to be owning it that long 1) I wanted to get a specific configuration that I like 2) I was okay with spending a little bit extra (when you consider the intended lifetime of the car) to get it brand new.
Since I don’t ever plan on reselling it, I don’t care about the value of the car decreasing after I buy it personally.
That is accounting value and not real life resale value. If you could buy a car with 500 miles for 20% of the price, no one would buy new cars
They are out there, but few and far between. I've bought 3 dealer loaners of the previous years model year with an average mileage around 5k. 2 of them were a while ago. The most recent was a 3 row KIA sorrento and it was nearly 30% off MSRP. Hard to find those kind of deals though, and warranties are shorter.
Brand new previous year models go on sale for that cheap every year when new models are released. If you want a killer deal on a brand new car, start looking at the handful of 2023 models still sitting on lots now that 2024 models are out.
Unless your get certified pre owned with a full warranty, the warranty on a new car is quite valued in my eyes.
I've had two different bought new cars with their original warranties that have both needed major work done just before or right after the warranty expired (just after was handled anyways).
But that was also when new car prices were much more reasonable.
I've been looking to replace my car this year. The used cars I'm looking at (2-3 years old) are almost as expensive as the new cars. Maybe I will save $5000-7000 on it. So why buy a used car with dubious history?
This is something I ask frequently. Who's buying 2 or 3 year old used cars? If the previous owner didn't like them after 2 years why will you?
The 10 year old used cars for $3000 total is where it's at.
Tons of those 2-3 year used cars were a lease. It's possible to find great deals with them.
I've bought at least a couple of 1-2 year old cars before.
In the 2 I can remember off the top of my head the only thing wrong with either of them was higher than average miles... Everything else basically felt like a brand new car for significantly cheaper.
Although, the last time I did that was 20 years ago when I bought a 2 year old pickup truck for way less than a new one would've been.
These days it would make more sense to go new since the pricing on used vehicles that are still that new is so close in comparison to the new vehicle, particularly since you can often get lower rate financing and other incentives when purchasing new that you don't get on used.
Ever since covid it’s made sense most of the time to buy brand new for exactly the reason you state. I sure wouldn’t buy a 2-3 year old car to save 10%. If someone treated it poorly it may require expensive repairs or not last as long.
Buying used is just a better deal all around. The amount of 2 year old sub 20k mile cars available is huge and that's such a small amount of their life. Most anything can last to about 150k miles these days. You can get even more out of them, but bigger maintenance costs are going to be more likely.
My current main driver is a 2020 Malibu. It's fast, it's sporty, it gets great fuel mileage, and I bought it secondhand. I let somebody else put the first 30,000 miles on the car and in exchange for that I paid like $12,000 less than the cost of a brand new one.
It was also like a year and a half old when I got it so it wasn't even that old of a car. This is the first car I've ever had payments on, all of my other cars were bought with cash, and I still have the pickup that I got in 2008 in the middle of the crisis for $3,000 cash with 350,000 miles on the odometer and she runs great.
The only reason I don't drive the pickup instead of this car is because it is slow and clunky and doesn't get good fuel mileage and it's an old beat-up pickup truck.
I also have an old jeep that is a project car that I'm working on. Paid cash for it, it cranks and runs.
There weren't even any new cars 2 years ago
I bought a car that was 6 years old three years ago because it was 30% of the price of a brand new car end first major service is due. If it's too much I'll just sell it and buy another used car and have a decent trade for it. My father taught me this method from his father before him, and the only time I deviated from it the car was recalled due to dieselgate.
The only benefit I can think of is being able to get something with all the features (and none of the pointless add-ons) that you want. Unfortunately 99% of dealers will want you to buy from the lot, which negates that pretty effectively.
They all also come with touchscreen infotainment systems and track everything you do. I’ll sell you a 2023 Subaru Legacy. I’m looking to buy something pre-2010.
*Can't afford to buy a $48K car
There are still sedans out there that can be gotten for a lot less, people have really been over spending on these large SUVs to make the average price $48K. Get a ~$30K sedan instead, you can get a Honda Civic for under $30K or a number of other cars.
Now obviously that's still out of reach for a ton of people, but it just seems weird to say "can't afford a new car" and then picking something for $48K.
Just throwing it out there: There's only one new car sold in the US below 20k. The Mitsubishi Mirage.
Kia Soul - 19.9
Kia Rio - 16.75
Kia Forte - 19.79
Hyundai venue - 19.65
Nissan Versa - 16.925
- Nissan Versa - 16.925
- Kia Rio - 16.75
Cool, so three. That's still abysmal. The others don't count once you factor in tax and title. It puts the total purchase price over 20k.
under 20k
??? I just listed 5 to your claim of 1
Yes, this rubbed me the wrong way. The average person can't afford a "reasonable" 2 door Wrangler Rubicon.
Miss me with that shit.
Reasonable would have been a Mazda 3 Hatchback for half the price, and 30% better fuel mileage. Don't like Mazda for some reason? Fine, how about Corolla, Civic HB, Impreza, Elantra, Golf, Forte? Shit, need a mid size? For a bit more you've got the Camry, Accord , Sonata, K5.
I bought my car for 5k 12 years ago. As long as the wheels go round, I don't need a new one. It's so much wasted money on unnecessary consumption.
This is such a big point, everyone bitching they can't afford new stuff, my car is from 2001 and it's the newest car I've ever owned. I keep it well maintained and working. My phone is from 2018, same thing don't need a $1500 iPhone. We're a huge consumption based society and we created it with our constant need for shiny new things.
If only you could still get a used car for $5k. I had to replace my 20+ year old car due to a hit and run that absolutely destroyed it structurally. The best I could find on short notice (I didn't have a choice because I live too far from work to bike and public transit is a joke here) was $20k. It is older than my previous car was when I bought it and nearly 4x the price.
I bought a used car with 40k miles on it for 5k a few months ago, it's almost like brand new. Granted it's from the 90's, but it's a darn nice car for the money, and from my research seems pretty reliable.
You can absolutely still find some deals on Craigslist or Facebook marketplace, especially if you live in an area where they don't salt the roads in the winter.
It is an 04 and nothing fancy, just a hatchback, bought in 2010/2011 so it wasn't new back then. I bet you can find a 6/7 year old car still for 5k.
Problem is you need the vehicle for your needs. Some people like to camp. Some like to cruise the city. Some have kids and need something that can qualify to install X amount of seats. It's quite crazy some of these things... car seat limitations and trailer towing capacities can really drive up the costs.
Not even $30k. I just got a pre-owned SUV for under $20k.
And they also say you should not spend more then 30% of your income on housing (shelter, heat, water, sewer and electricity).
The current "normal" world exists now only for people making a lot more then the average.
Oh and to better illustrate the gap between prices and wages: https://en.wikipedia.org/wiki/List_of_countries_by_average_wage Compare to an average price of 48k https://www.caranddriver.com/news/a43611570/average-new-car-price-down-still-high/
Genuinely who the fuck is spending that much on a car? My wife and I make over $200k combined and we feel that buying a new Honda civic seems overly frivolous at like $23k. She has a 2006 Toyota because it still works fine.
And I’m truly not saying this to come off poorly, I just can’t believe that the average new car is $48k, that’s just insane. If I feel like it would set us relatively-lucky high-earners back to buy a new civic, who are these average people?
I find it insane that companies make things people can not afford and then complain when people don't buy those things they can not afford.
https://www.carscoops.com/2022/10/eu-automakers-call-for-urgent-action-as-vehicle-sales-slump-in-2022/
Do remember that the US auto manufacturers realistically only make a few cars per year vs the 375 million people living in the us. 10 million per year is a third of a percent. Add another 10 mil for imports and we're still under a percent.
And yet they are still struggling to sell the 8.8 million they make a year.
https://www.cnbc.com/2023/01/06/2022-us-auto-sales-are-worst-in-more-than-a-decade-.html
30% of housing and utilities? Fuuuuuuck
Oh my, thats adorable.
It is interesting that experts say you should have X payment be no more then Y% of your income and then don't address how to do that.
Like do they think people should just get more jobs? Maybe live in a pod? Move to Milo Alberta? Maybe do crime?
you can read experts advise as something pointed ad policymakers and manufacturers: "people can't afford what they need to live, do something!". What's really annoying that city planning in NA is geared specifically for cars and not public transportation, so it's a mess created by designers and regulators. And our governments on every level allowed them to get away with it. Now those same government structures would have to get their collective a$$es im gear and do something about the fact that people can't afford to.live in such an environment. (that's BEFORE we start talking overall cost of living and housing affordability). We're really back to 20's which factories owning dorms and allowing workers live there (for a price) basically doubly owning them: owning means of production, and means for living, really..
Live in a cardboard box
I wish! All we can afford is a card-co goods container.
And I thought I'd finally hit the margin. Nope.
Even the economy d class cars in America are about 3/4 of my yearly pay.
B-but nobody wants to work! But they can't get to work with no car! And they can't go to work from the house they can't live in because the rent is $3k. B-but nobody wants to work!
I see so many people driving brand new vehicles, new jeep trucks and grand wagoneers. These vehicles start at like 60k and go up to like 100k. Yeah people can't afford them, but they're still buying them. They're thinking it's a tomorrow problem.
Ya loans are the way most people do these things. Or they love out of their vehicles. It's crazy. Meanwhile I'm driving a vehicle from year 2000 that I've owned outright since 2009. Most I spent on a major repair was 6k. I'd be blown away if my total cost of ownership, including maintenance was over 25k. Unless you're making 160k a year with no dependents I don't know how these people do it.
Or leasing.
Frankly, I make solid six figures and still have a hard time even contemplating buying a new car. With how much value is lost short-term it's like just burning cash.
I think the best vehicular investment I've ever made was a moderately-used Chevy Volt for, like, ~14k. That thing is a tank and still gets some EV / efficiency cred.
about $800 last year for auto insurance
this year the number is about $1400
same vehicle same city
income stayed the same if not lower due to less work
new vehicles are more than likely unaffordable seeing how expensive a ten year old vehicle is
how the f#%k are we not in the streets
We're not in the streets because a new sucker is born every day.
Wow, and I thought my car insurance of €170 was expensive this year!
Yup, can confirm. My car has so many issues and it’s just barely holding on but there is no way I can afford to buy a new car.
Just spent $1.6K to put one last year of life, maybe two on my existing beater, because it's better than trying to replace it right now.
I’ve replaced the struts, alternator, and some sort of weird electronic thing, plus random small stuff in the last 3 years and plan to drive it until it literally dies.
Why is no one calling bullshit on these numbers? 10%/mo of 100k/yr = $833 a month. That is a HUGE monthly loan repayment. That's a $43,000 vehicle with nothing as a down payment. You can get a new car for less than half that. (And then on the next round you can trade in or sell your old one for more down payment.) Even if you figure that's 100k pre-tax, you should still be left with roughly 70-80% of that, which is more than plenty for a basic new car.
I'm not arguing that inflation has been ridiculous, because it absolutely has. The bottom 90% of folks are getting fucked. But let's use real numbers.
Except on that 43k you have tax and license and all the other bs fees...so you make your 8k down payment and end up financing the whole 43k and your payment is 800+/mo
Ask me how I know...
Buying old will always be cheaper, I'm not trying to argue against that. But the numbers you listed are going to depend on where you live. Registration will happen every year, whether you buy new or old, but buying an older car will save some money on those registrations. I'm really just trying to say that the same point can be made, but with reasonable and accurate numbers that the average consumer can relate to.
To put a finer point on it: The average car buyer who has $0 down is not buying a $43,000+ car.
Perhaps organising a society where buying a new car is an expected thing that the typical person does is not optimal?
Yeah, fixing the financial reasons would be a nice bonus, but the root cause is the absolute failure that was/is/will continue to be the suburban experiment
fuck cars
All I want to buy is a ticket for a new train
When I visited the US 80% also drove a car with dents.
When I was growing up in the US south we had a lot of retirees from up north who'd brag about how everyone where they were from knew how to drive in the snow and ice and we were pansies for not wanting to. I spent a few years working up north and those mofos have cars that look like they've been through a demolition derby coming out of every winter. They don't know how to drive on it but they try anyway.
even used cars are too expensive now. I'm getting an ebike instead
Look at Mr. Moneybags over here getting an e- bike.
I'm building it myself, so it's not gonna be as expensive as a prebuild.
Would you mind taking pictures and talking about your process? I would be interested in seeing this project and the choices you make for it
If you have a bicycle already you can buy conversion kits for around $150 on the low end for the kit and a few hundred for a battery pack (depending on your needs). Search Amazon and ebay for ebike conversion kits.
I've got a few already, the TL;DR is I bought a $98 mountain bike from Walmart and am installing a kit from Amazon on it. Be prepared to buy lots of tools and miscellaneous parts if you're not already experienced in this sort of thing
Getting, not buying. A pair of bolt cutters can often be found at your local tool lending library.
Why do you need to buy new
Because covid destroyed the car supply chain and made new cars basically the same price as used
In some cases, used is actually more expensive because it's available that day, whereas ordering a vehicle still takes 6+ weeks
Yup, and that's why I'm still driving my 15+ yo cars. I'd like to replace the gas guzzler, but I'm not spending $40k or whatever to do so.
And now we have strikes so we camt get new cars or parts to fix the cars we have. Fun times.
Strikes help the workers afford shit they wouldn't otherwise, and has positive consequences for others in the same class
Warranty. Safety features. Advanced tech.
You can have that all with an older car. As far as I'm concerned, tech has regressed since car manufacturers decided to go touchscreen.
Safety technology absolutely has not regressed, new cars are safer than ever, and generally make the roads safer by A) having more assists and alerts for drivers and B) having better crash structure resulting in less fatal accidents.
And headlights that blind everyone around you
And front facing cameras because you can't see what's right in front of you in today's huge ass trucks
Lies. advanced butt fans. Advanced lack of fuel economy.
Idc about any of the things mentioned, but anti-consumer, anti-repair bs has been increasing steadily for many years
At the dealership last month, I was looking at a used truck on the lot and looked at the window sticker on the new truck next to it. $87,000. For a Chevrolet pickup truck. How many people can afford almost 6 figures for something that's supposed to haul stuff?
It seems like the disconnect between the sellers and buyers is growing and I don't think it can continue for much longer without some kind of crash.
Trucks and suvs are very commonly written off by buyers as "business expenses." Think of Dudebro over there claiming his Ram for his lawn or handyman business or "hobby farm"because it can pull a trailer and tools... That's one large reason why they are so ridiculously expensive.
Either that or people just lease them, then when the lease is up, get a different one.
A 2 minute search at my local Chevy dealer's website shows several new 2024 Silverados in stock at $47K.
Yes, that's a lot. Yes, those are base models.
But it's not the $87K you randomly found. Not to be argumentative, but you can't cherry pick a top of the line truck and wonder why something that just "hauls stuff" is $87K.
You can make a solid argument about unaffordable cars without resorting to those tactics.
Lol, k.
I can’t afford a used car either so I’m driving this Subaru until it’s unrepairabe. It’s nearly old enough to vote.
My Subaru will likely outlast me anyhow.
Yes we can! Just get it at 15% apr over 96 months. What's the problem?
Why don't these people just make more money!?
My rent eats 45% of my income. Ya im going to the cheapest car dealership and buying a used car that runs.
Yeah but the ones who can afford a new car can afford a lot of new cars... and yachts and all the land and social media platforms and space penis rockets and politicians and news networks. But soon it will all start to trickle down and we will feast on the soggy rancid crumbs our overlords have so graciously provided for us. For without them, we would be in the trees throwing shit at each other and eating leaves and shit.
Oh silly. They said the poors couldn't afford them not that they would prevent them from buying them anyway and getting royally screwed. Auto loans are seriously SO predatory
Facts! I finally paid off my car earlier this year and there for a good while I thought I'd never see the day. Banks are a scam and the soulless sharks who run them will happily extort us poor whatever way they see fit to quickly extract every bit of money we have left before friday rolls around and we get that minimum wage check in so they can take every last cent again. Burn it to the ground.
Personally I can't handle all the chemicals and death wax in a new car. I rented a nearly brand new Nissan, and the agent acted like "wow, you're lucky, this one only has 400 miles!" Oh... great... yep, had to have the windows down the whole time and basically drive with my head out the window.
Rename New York to New Amsterdam and make it a bicycle friendly city with additionally expanded public transport. Remove the need for cars.
Rename New York to New Amsterdam
Again?
I actually bought a new car earlier this year and am now looking to get rid of it and buy an old car that has a head unit and doesn’t track everything I do.
I've been needing a car for about a year and a half now. My SUV was hit while parked and the insurance payout was atrocious to the market. The car prices especially right at that time made any vehicle out of reach. I've been pondering replacing it with a newer (not new) vehicle for the last year or so but the prices are still hyper inflated for even used cars. Thanks to Carvana, it seems. I think the car market will normalize, I think there's a bubble. And I think buying a car within the last couple of years means you're upside down in car payments unless the car stays super dependable and doesn't get in an accident.
That's ok, you only need 5% to buy new cars annually.
Singapore: First time?
We can have good public transit in America if we would just design our fucking towns properly, but we bulldozed walkable neighborhoods to make room for highways so it's going to take a lot of work and public pressure to fix this fucking mess.
thankfully every big city is functionally a small island, sometimes literally in the case of management
This aligns with average in other countries.
New car? I can't afford a used car.