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Very good. This is going to hurt quite a bit, but is going to prevent real pain in the long run. Much like something we should have all done a year ago.
by zamalek 4y ago
Very good. This is going to hurt quite a bit, but is going to prevent real pain in the long run. Much like something we should have all done a year ago.
- nimbius 4y agoI think you're right, but I'm a little pessimistic after covid relief and the 08 crash. we have 9.1℅ inflation and the damage control from the reigning party trying to explain away an obvious recession makes quarter point increases seem like performance art. student loans are already such an untenable debt bubble that the same potus that stumped for their perpetuity is now forgiving them. auto loans are an equally prime disaster waiting to happen as their average term is now 72 months and the average monthly payment is $700
- heartbreak 4y agoThe President is hardly forgiving student loans. So far the government has only forgiven loans of students who went to scam schools.
- deleted 4y ago[deleted]
- icedchai 4y agoWe need to realize rates are still quite low. To put it in perspective, we're finally back to 2019 levels. There's still a long way to go to get back to 2005 (5%-ish rates).
- paulpauper 4y agoA year ago the economy was still in the grip of covid. no one expected things to recover so fast from such a huge crisis like covid. Thing went from "the world is coming to an end" to new highs just 7 months later. that's nuts.