Car repossessions are expected to hit 3 million this year, their highest rate since the 2009 recession

[Fort Fun Indiana]

I haven't even mentioned Trump ya pathetic dumbass.

You don't have to, when you are grabbing your ankles for him in public.

 

[petro]

^^^^
Leg humper not worthy of a reply.
Rdeanism

 

[Fort Fun Indiana]

^^^^
Leg humper not worthy of a reply.
Rdeanism

Hee haw, other people did tariffs, therefore equal and fine

Moron

 

[petro]

Hee haw, other people did tariffs, therefore equal and fine

Moron

Suggested avi for fortfuckedindiana

 

[protectionist]

Can’t wait to hear how Biden is responsible

Housing rents increased astronomically between 2021 and 2025.
What were $700/month rents in 2021, are now over $2,000/month.

Renters (112 Million in the US) who bought a car in 2020 or 2021 would never have imagined that their rent (most expensive constantly ongoing expense) would jump over $1,000/month in a few years (during the time of their car note).

But that's exactly what has happened - and as long as rent control is thought of as a dirty word, this problem will continue.

 

[Fort Fun Indiana]

Suggested avi for fortfuckedindiana
View attachment 1193677

Yeah, this sissy tapout is expected.

 

[petro]

Yeah, this sissy tapout is expected.

 

[Fort Fun Indiana]

View attachment 1193694

Sorry guys, I broke petro again.

 

[petro]

Sorry guys, I broke petro again.

Hump away little doggy

 

[candycorn]

Housing rents increased astronomically between 2021 and 2025.
What were $700/month rents in 2021, are now over $2,000/month.

Renters (112 Million in the US) who bought a car in 2020 or 2021 would never have imagined that their rent (most expensive constantly ongoing expense) would jump over $1,000/month in a few years (during the time of their car note).

But that's exactly what has happened - and as long as rent control is thought of as a dirty word, this problem will continue.

Funny...in 2018 (when the blob was in charge) you said you were paying $1,000 a month.

I live in an apartment complex, that recently was bought by a new landlord. That landlord has been increasing expired lease rents by as much as 60%. Imagine that your rent is $600/month and suddenly it's damn near $1,000/month.

Whoa! For low income seniors on Social Security and small pensions, this aint gonna fly. Actually, younger people still in the workforce with higher incomes, aren't taking to well to it either. Practically everybody in this complex is moving out. Some people are moving in and paying the higher rents, but not as many as are moving out. I've never seen so many moving vans in my life.

Next May, I will be moving out too, and still haven't figured out where to move to. I have limitations because of a low credit score and income, but I'll find someplace, even if it's not as good as where I am now.

So wow, yet another lie. Perhaps you should have stayed in combat...no rents there. LOL

 

[initforme]

Only someone in your stage of mental decline would come to that conclusion.

 

[initforme]

So you believe we need a large population of lower wage workers. Got it. I disagree. Let those jobs fade away, unfilled.

 

[Concerned American]

So you believe we need a large population of lower wage workers. Got it. I disagree. Let those jobs fade away, unfilled.

My previous post #140 stands. Please get out of your own addled head and rejoin the cognizant world.

 

[initforme]

When wages rise quickly everyone benefits.

 

[Concerned American]

When wages rise quickly everyone benefits.

Sure like they did the last time minimum wage was increased unnecessarily. How'd you like that inflation? IK, IK, you don't think there was any under Biden, but we've come to expect that from the terminally senile.

 

[initforme]

Itd be good to see car prices rise.

 

[dudmuck]

That number is expected to almost double this year, which is not a sign of a booming economy. Furthermore, the average price of a new vehicle is now $50.000, which is out of reach for many people. Yes, people can buy used cars, but with used cars comes increased maintenance and repair costs. One thing I have always wondered about is why the consumer can't buy directly from the manufacturer? Why do we need to go through a dealership, a middleman, instead of buying directly from Ford? That would cut down immensely on the price of a new car and make them more affordable, yet I never hear any of the politicians talking about this.

An increasing number of Americans are falling behind on their car payments, mimicking a trend commonly seen at the start of major economic downturns.

Last year, 1.73 million vehicles were repossessed, which is the highest number since the year following the 2008 financial crisis, according to a report by the CFA seen by the Wall Street Journal.

"Delinquencies, defaults, and repossessions have shot up in recent years and look alarmingly similar to trends that were apparent before the Great Recession," said the report.

Delinquency, which refers to being late on loan repayments, can devastate investor confidence and lead to an economic crash.

MSN

 

[protectionist]

Funny...in 2018 (when the blob was in charge) you said you were paying $1,000 a month.


So wow, yet another lie. Perhaps you should have stayed in combat...no rents there. LOL

Reading comprehension course needed!

I didn't say I was paying $1,000 in 2018. YOU said that. So yet another lie from you.
I said > "Imagine that your rent is $600/month and suddenly it's damn near $1,000/month." SO ?

Nothing false. I moved out before the new $1,000/month rent kicked in. I didn't pay it. I moved to another place that was much cheaper. I think I recall it was $550/month.

No apology required. Apologies are for the benefit of the apologizer.

 

[candycorn]

Reading comprehension course needed!

I didn't say I was paying $1,000 in 2018. YOU said that. So yet another lie from you.
I said > "Imagine that your rent is $600/month and suddenly it's damn near $1,000/month." SO ?

Nothing false. I moved out before the new $1,000/month rent kicked in. I didn't pay it. I moved to another place that was much cheaper. I think I recall it was $550/month.

No apology required. Apologies are for the benefit of the apologizer.

I quoted you as saying it. Now get back on your scooter and skulk away.

 

[protectionist]

I quoted you as saying it. Now get back on your scooter and skulk away.

HA HA. As noted in Post # 158, what you quoted is not the same as what you wrote in your own words. You botched it., and then had the temerity to call me a liar. Own it.

But ho hum. This a flaming liberal talking. Do we expect rationality ?