Search results

@alex2017 One thing that I think your hypothetical misses is whether or not that subprime borrower is actually getting a 20k vehicle. I think the math changes a lot when you’re borrowing 10k @ 26% (which comes out to $260/mo). You’re still overpaying massively for the vehicle, but the payment...

@savednocompromise I already pointed that out.

@championflyer While there are ways around the relative illiquidity of a house, all of them are significantly riskier since they are all tied to your shelter as collateral. While I’m certainly not shy about the concept of good debt, a vast majority of people would be uncomfortable taking on that...

@championflyer Counterpoint - home value doesn’t mean too much unless you intend on selling and using the proceeds to downsize or move to a LCOL area. In general people aren’t going to willingly make themselves homeless and a like for like trade in the same general area usually doesn’t benefit...