Loading ...A Lot Of People Are Behind On Car Loans
As per my car dealer friend. The other day he said the Honda dealer told him new car sales are down 35% since they started the immigration crack down.
He also said the auction has 300 repository every week and they sell them cheap. Repository often called repo car auctions,
Credit Card delinquencies are rising. People have been living off credit for the past few years.
I am guessing that 50% of the adult population has close to a negative net wealth but the spending goes on. What comes in, goes out.
People have given up hope and it shows in their job performance that they are struggling to get through the day. Likely wondering how they will pay the next bill.
Two houses are being stained on my street and the quality of the work is much to be desired. No pride in workmanship. I’m seeing more of this. The bosses can’t get qualified workers but are afraid to fire them or they may get worse or none at all.
Thanks for the comeback, when I was a kid one year out of out of high school I bought a new 1963 Pontiac Tempest, $2589 with a three year loan. The minimum wage back then had buying power of about $45 to $50/hr in today’s money so thats the problem, min wage should be at least $45/hr and everybody else would make more.