No surprise, since car prices are ridiculous right now. Basically, people are paying what luxury car owners were paying a few years ago. Interest rates are obscene. Wages have not kept up with inflation. It's a perfect storm for disaster.Car repos are up in the U.S.
Lotsa people with big mortgages feel they need a 100K pick up or Audi or Mercedes, I know a couple.I won't be surprise....everything people do now is what you call "clout based"....people love attention....specially the young ones...they get into crazy loans...
The people that lived high on the hog in the past will suffer unnecessary self imposed humiliation due to the coming hard times. They will either sacrifice and struggle to have the luxury goods that they can not truly afford to show off, or they will reveal their shame when they can no longer keep up the charade.Lotsa people with big mortgages feel they need a 100K pick up or Audi or Mercedes, I know a couple.
If the storm happens, just remember to hunker down and remember the sun always shines after the storm.Gents, I agree with everything you're saying, but I've been waiting for this to happen for 15 years. It hasn't happened since 2008.
When the fuck will it happen already? I want to see the purge.
I've been hunkered down for 15 years brother. Could have screwed double my quota all this time. Oh the mammaries!If the storm happens, just remember to hunker down and remember the sun always shines after the storm.
Ya, the higher it builds up, the greater the fall. Canada escaped 2009 somewhat easily, not this time I suspect.Gents, I agree with everything you're saying, but I've been waiting for this to happen for 15 years. It hasn't happened since 2008.
When the fuck will it happen already? I want to see the purge.
Yes, a LOT of money floating around the economy. Unfortunately, it seems to be 50+ and they're getting richer. 30 and below are absolutely fucked. We've screwed over our kids big time. Fucking old people.Lotsa people with big mortgages feel they need a 100K pick up or Audi or Mercedes, I know a couple.
The over 65's had at least a 20 year head start on the under 45's. By the time the current under 45's reach 65 they too will have more spending power than the then under 45's.
As good as the old people have it today? Doubt it Boomer. Housing is 7x+ income, rent is higher as a result, food is a lot higher portion of the household budget, Energy costs are a significantly higher portion of a household budget, Income and other texes are significantly higher, never mind tuition at College/universities. Never mind the wage stagnation that has occurred for a number of reasons. This means less ability to save, invest, and other quality of life issues.The over 65's had at least a 20 year head start on the under 45's. By the time the current under 45's reach 65 they too will have more spending power than the then under 45's.
As you may have gathered elsewhere on this board, I'm no bleeding heart. But I think the under 25s have been fucked.The over 65's had at least a 20 year head start on the under 45's. By the time the current under 45's reach 65 they too will have more spending power than the then under 45's.
Bahahahahah this is awesome.First, if it were up to me, all luxury cars (Porsche, Audi, BMW, Lexus and Mercedes) would be eradicated. Those cars are no longer needed, really.
Housing is ridiculous but no one can deny that unemployment is low.As good as the old people have it today? Doubt it Boomer. Housing is 7x+ income, rent is higher as a result, food is a lot higher portion of the household budget, Energy costs are a significantly higher portion of a household budget, Income and other texes are significantly higher, never mind tuition at College/universities. Never mind the wage stagnation that has occurred for a number of reasons. This means less ability to save, invest, and other quality of life issues.
all this before “we must solve climate change” which really means less productivity, higher taxes, and a significant reduction in quality of life.
It’s going to get worse for the younger as old people rapaciously demand and take healthcare spaces and tax $ never mind long term care issues that the ‘be kind’ people will demand that the government solves.
We’ve fucked over our kids.
please feel to prove your case with something other than bonhomme homilies.
Don't think it will be as bad as ppl sayGents, I agree with everything you're saying, but I've been waiting for this to happen for 15 years. It hasn't happened since 2008.
When the fuck will it happen already? I want to see the purge.
But that's so much more important than your STEM bullshit. I say this as I type letters that magically float on glass, and my words magically flow through the air to a place where anyone can read them from anywhere in the world.Meanwhile, we create SJW who don't actually produce stuff but argue endlessly about pronouns.