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Exactly. Imagine if the supply of new cars dropped through the floor and prices shot up, especially for used cars. Oh wait, this actually happened during the p
by TulliusCicero 4y ago
Exactly. Imagine if the supply of new cars dropped through the floor and prices shot up, especially for used cars.
Oh wait, this actually happened during the pandemic and nobody was like, "oh this is good, people's car equity is going up!" because with things that aren't houses people have a saner view of finances.
- quonn 4y agoI know a lot of people who started to think of their cars as appreciating assets.
- TulliusCicero 4y agoNow imagine people start trying to ban car companies from making new cars, because they'll probably just be luxury cars for brogrammers anyway, plus more cars means less parking availability!
- saltcured 4y agoHah, so this becomes the same trap as thinking that way about a primary home. Do they have a plan for selling to realize their gains? Do we get to look forward to car-equity lines of credit or reverse car loans where people try to have their cake and eat it?