I REMEMBER PAYING 13% CAR LOAN IN THE EARLY 80'S AND WAS GLAD TO GET IT!................
To: Red Badger
Yep. And my last mortgage was 10%. Interest rates have been too low for too long.
2 posted on
10/20/2023 5:49:49 AM PDT by
ComputerGuy
(Heavily-medicated for your protection)
To: Red Badger
This is a giant deal that is getting closer...
3 posted on
10/20/2023 5:50:23 AM PDT by
devane617
(Discipline Is Reliable, Motivation Is Fleeting..)
To: Red Badger
“ I REMEMBER PAYING 13% CAR LOAN IN THE EARLY 80’S AND WAS GLAD TO GET IT!”
But I doubt you were buying a $90k truck though.
Vehicle prices are crazy. Just a short time ago we had zero percent interest on auto loans. Low gas prices, stable country.
Stolen elections have surely left a mark!
4 posted on
10/20/2023 5:50:33 AM PDT by
9422WMR
To: Red Badger
6 posted on
10/20/2023 5:55:03 AM PDT by
ProudDeplorable
(Concentrated power has always been the enemy of liberty. ~ Ronald Reagan)
To: Red Badger
Automakers might issue bonds paying somewhat more than banks pay on CDs.
Automakers can then make auto loans so their factories stay busy.
To: Red Badger
30 year treasury peaked over 5% this morning. It is happening.
9 posted on
10/20/2023 5:56:56 AM PDT by
NautiNurse
(His name is Mudd. Mudd Gaetz. )
To: Red Badger
Hurting the Millennials beyond. The lost ones.
10 posted on
10/20/2023 6:04:35 AM PDT by
Varsity Flight
( See"War by🙏🙏 the prophesies set before you." I Timothy 1:18. Nazarite prayer warriors. 10.5.6.5)
To: Red Badger
The economy is great, don’t worry about it...
To: Red Badger
Elections have consequences!!!!!
So now the snowflakes who voted for Biden are facing the consequences of their vote.
To: Red Badger
I miss mean tweets and low interest rates.
14 posted on
10/20/2023 6:08:23 AM PDT by
Jane Long
(What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
To: Red Badger
Except the interest was deductible against your FICA tax back then.
To: Red Badger
Bond Funds have gone to shit. Vanguard. Fidelity. So much for “stable investments.”
18 posted on
10/20/2023 6:26:10 AM PDT by
donozark
(I'm so old I can remember when Motel 6 was actually $6.)
To: Red Badger
Rates are just now getting back to the long term averages.
Too many got too used to the cheap money of the last 15 years.
21 posted on
10/20/2023 6:55:28 AM PDT by
TomGuy
To: Red Badger
Anything that helps stop people from buying cars using big loans is good, since most people don’t understand what a bad idea that is.
25 posted on
10/20/2023 8:25:39 AM PDT by
SaxxonWoods
(“99% of failure comes from people who make excuses.” -George Washington)
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