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re: I can’t help but think a lot of people driving newer cars with upside down loans
Posted on 5/8/24 at 7:57 pm to cgrand
Posted on 5/8/24 at 7:57 pm to cgrand
quote:
my first car loan in 1992 was 6%. That’s just what it was back in the stone ages. My home loan at the time was 11%. People have lived entire lives in a zero to low rate environment borrowing money should cost money
And asset prices need to reflect those rates. Which they don’t right now.
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