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As this was the first really expensive car I’ve owned, I needed to find a way to help pay for the car. Naturally, Uber came to mind The subprime lending crisis
by revelation 10y ago
As this was the first really expensive car I’ve owned, I needed to find a way to help pay for the car. Naturally, Uber came to mind
The subprime lending crisis in a nutshell
- S_A_P 10y agoInteresting take. There is already a subprime lending crisis in the automotive loan market, along with a glut of used cars that somehow arent depreciating. I wonder if people start deciding that they want to overspend on a car they want and decide to "uber" their way into affording it...
- greenshackle 10y agoQuickly followed by articles blaming Uber for it.
- S_A_P 10y agoAgreed and that was not a shot at uber it was more just remarking on the nature of bubbles
- tunap 10y agoHehe, they cannot drive the jalopies to Mexico fast enough. It is amusing to see a junker towing two more junkers along I-10 enroute to today's crossing point. Amusing, that is, until you speak to some dealers and find out the "why" is to keep used vehicle values inflated.