Too expensive to buy. I last bought a car in 2006. A new one anyway. A Honda CRV, 5K down, and financed about 23K. Now, a new car is in the 60K+ range. Higher for a “better” car. At the time I bought my last new car, I purchased a home for 180K. I couldn’t keep up with the rising costs of things. Though I was making $6K a month, one illness and I had to sell it and bought a Manufactured in a park for $18k cash and settled in to a life of no work, and treatments.
The economic system is failing, and we are all being chased into the streets or a section 8 apt. Only the rich will have nice things. My daughter was paying $1250 a month for rent two years ago. She is now paying $3000 a month. But she has one more bathroom and the kitchen is nicer. My other daughter lives in the ghetto apartments in Tacoma WA, 3rd floor because her first floor apt was shot up while she and her hubby slept. Rent? $2700 a month...two bdrm one bath laundry in the common area.
Seems sustainable to me, she is a case worker for DSHS with a degree in accounting n social work, he drives for Amazon.
“Now, a new car is in the 60K+ range”
You can get a fully loaded Sport Touring new CRV hybrid for less than 50k. MSRP is 41k. The top of the line non hybrid is 37k MSRP. Good Sedans like the Camery or Accord go for less.