- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 5/8/24 at 7:49 pm to PeteRose
My bankruptcy law practice requires that I applaud all those letting their egos overload their checkbooks
Posted on 5/8/24 at 7:50 pm to PeteRose
Your thinking is correct. Repossessions have been increasing through both 2022 and 2023 and have continued into 2024. If we are moving into a recessionary period (like I believe we are), look for that to increase.
Other increases that will likely happen as the economy tightens (especially if the consumer credit bubble pops) would be an increase in Unemployment (above 5%), more bankruptcy filings (those are already on the increase) and eventually more home foreclosures (which is still below the pre-COVID level), if the recession lasts long.
If we get into a stagflation scenario (high unemployment, slow growth, but also high inflation), expect those issues to be amplified.
Other increases that will likely happen as the economy tightens (especially if the consumer credit bubble pops) would be an increase in Unemployment (above 5%), more bankruptcy filings (those are already on the increase) and eventually more home foreclosures (which is still below the pre-COVID level), if the recession lasts long.
If we get into a stagflation scenario (high unemployment, slow growth, but also high inflation), expect those issues to be amplified.
Posted on 5/8/24 at 7:51 pm to TheWalrus
I bought a 2023 SUV this morning. Hate huge notes, cant stand them. I put a third down, financed the rest and note is around $350.
Wife has been traveling the lower 48 for the past month with her daughter, figured her being gone was the best time to buy.
Wife has been traveling the lower 48 for the past month with her daughter, figured her being gone was the best time to buy.
Posted on 5/8/24 at 7:51 pm to PeteRose
Naw, if wanted my wife could go out and buy a new car (reasonable) out of her checking account and not even touch her savings. Its just who the crud wants to do that? I get no ego from what I drive, neither does she. So, we stay with what we have.
Posted on 5/8/24 at 7:53 pm to PeteRose
quote:There is no way this is true
But I found out the avg new car price is 47k? Good lord.
Posted on 5/8/24 at 7:54 pm to jeffsdad
That's a lot of money to leave sitting in checking.
Posted on 5/8/24 at 7:54 pm to whatiknowsofar
quote:exactly
Your bank sucks. Bank of America and Chase will give you under 7%, and most manufacturers are giving rate specials finally.
this thread is stupid
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
Posted on 5/8/24 at 7:55 pm to cgrand
quote:
People have lived entire lives in a zero to low rate environment
The past 15 years have been ridiculous.
Posted on 5/8/24 at 7:56 pm to Bard
quote:except none of those things are happening currently
If we get into a stagflation scenario (high unemployment, slow growth, but also high inflation), expect those issues to be amplified.
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.
Posted on 5/8/24 at 7:59 pm to Lsupimp
quote:
I feel judged by those who drive high status vehicles, as if I’m not part of The Club.
Most of them are poors
Posted on 5/8/24 at 8:02 pm to PeteRose
If you think new cars are high and you wanna good laugh check out prices of used cars. And you will get a worse rate
Posted on 5/8/24 at 8:02 pm to Strannix
Posted on 5/8/24 at 8:03 pm to Dawgfanman
Word. I was a little surprised a down payment wasn't even required to keep that rate
Posted on 5/8/24 at 8:04 pm to PeteRose
We just bought a new Explorer in Dec and they gave us .9% on a 48 mo note. The financing deals must vary between dealers and models.
Posted on 5/8/24 at 8:05 pm to PeteRose
I was at Honda dealership a few months ago. Dude next me was trying to buy a Pilot Elite. His note was going be $1200 a month for 84 months. He was way upside down on his trade. When the sales guy told him he said let’s do it. I about fell out of my chair.
Dude is going to pay 100K for a 50K vehicle. A fool and his money.
Dude is going to pay 100K for a 50K vehicle. A fool and his money.
Posted on 5/8/24 at 8:07 pm to HillabeeBaw
quote:
driving daily my 2009 Tacoma with 130k miles
Damn…just traded in a 2019 with 165k miles
Posted on 5/8/24 at 8:08 pm to PeteRose
Best deals right now IMO are used Lexus sedans.
Friends, you can get a 2020 GS 350 FSport with under 30k miles for under $35k
You can get a used 2022 LS 500 F Sport with under 35k miles for under $50k
Friends, you can get a 2020 GS 350 FSport with under 30k miles for under $35k
You can get a used 2022 LS 500 F Sport with under 35k miles for under $50k
This post was edited on 5/8/24 at 8:11 pm
Posted on 5/8/24 at 8:09 pm to lsufan1971
quote:
His note was going be $1200 a month for 84 months.
Page 3 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News