The Soapbox

Capital City Hoo

Joined: 08/30/2002 Posts: 6885
Likes: 12391


Sure- that makes sense. Automobiles are not discretionary for most people


not without causing major inconvenience anyhow. But it seems like we have a lot of people buying new cars (average price is in the mid 40ks now), financing them over several years (they can last a long time now...) at high interest rates (now). I think, as a country, we overspend. I saw a recent report that suggested that 20% of new car buyers last year were taking on $1,000+ monthly payments. That's gonna consume a hefty share of household income for a lot of Americans, but people seem to do it anyhow.

(In response to this post by Newt)

Posted: 04/10/2024 at 6:47PM



+2

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Current Thread:
 
  
Supercore Inflation -- Capital City Hoo 04/10/2024 6:07PM
  Cheer up. We could have anarcho-capitalist shock therapy. -- Seattle .Hoo 04/10/2024 8:21PM
  Now there’s a winning message! ** -- Sabremetrician 04/10/2024 7:19PM
  That sounds right and sad. ** -- Newt 04/10/2024 10:58PM

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