Is GM headed for another subprime loan crisis?

[jrhagen]

Originally Posted by BMR Sales

I agree, I know a lot of Kids the age of my Son that are so deeply in debt, it is ridiculous. Credit Cards, Student Loans, Cars, etc.

My Son & his Wife were living in a Free Apartment in Seattle. They wanted to live in a House, so they are renting a 4,000 sf House with a 3 car Garage. He wanted to ship his Motorcycle out there but didn't have the Money - I paid for it just to get it out of my way.

Seattle has free apartments? Figures!

[motorhead]

Originally Posted by PDXSSCE

Ten year old trucks cost that much because they were $50k+ new. I remember when trucks were purchased when necessary for work or when one couldn't afford a car.
Are home economics classes still around? Every high school senior should be required to take it & personal finance should be part of the course.

Ive owned a successful business for many years. I get it. You missed the point. The cost of vehicles is out of hand. 50 60 grand for a truck is just nuts. 40k for a Camaro is insane. If wages would have kept pace with these cost then the economics would make sense. We live in a world of udder greed these days. It can't be sustained ,and it will fall. Damn near every large empire has greeded themselves into falling. We are doing the same. These subprime scumbags are prime examples.

[PDXSSCE]

Originally Posted by motorhead

Ive owned a successful business for many years. I get it. You missed the point. The cost of vehicles is out of hand. 50 60 grand for a truck is just nuts. 40k for a Camaro is insane. If wages would have kept pace with these cost then the economics would make sense. We live in a world of udder greed these days. It can't be sustained ,and it will fall. Damn near every large empire has greeded themselves into falling. We are doing the same. These subprime scumbags are prime examples.

I didn't miss your point & I was agreeing with you. Grab another cup of coffee.

[BMR Sales]

Originally Posted by jrhagen

Seattle has free apartments? Figures!

When my Daughter in Law was negotiating with the Hospital she went to work for, they Paid their Moving Expenses (from Georgia) and gave them a Rent-Free Apartment and a Boatload of $$$!

[stoopid]

https://youtu.be/4U2eDJnwz_s

Thought of this thread...

[Thor142]

Originally Posted by motorhead

Ive owned a successful business for many years. I get it. You missed the point. The cost of vehicles is out of hand. 50 60 grand for a truck is just nuts. 40k for a Camaro is insane. If wages would have kept pace with these cost then the economics would make sense. We live in a world of udder greed these days. It can't be sustained ,and it will fall. Damn near every large empire has greeded themselves into falling. We are doing the same. These subprime scumbags are prime examples.

Greed and endless military campaigns. But I digress...