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[–] [deleted] • 3 pts

I guess. Nobody can afford 70k vehicles though so they will just have a bunch of products no one can afford or will buy.

[–] • 0 pt

There seems to be a demand for higher price vehicles. I know a number of people who overextended themselves to purchase more than they could afford in a truck.

[–] • 2 pts

Every housing boom it happens. Dumb motherfuckers refinance or get 2nd mortgages and then use that money on depreciating assets like vehicles. Eventually the money runs out and they declare bankruptcy. Rinse, lather, repeat. Maybe they're not so dumb after all.

[–] • 0 pt

Rinse, lather, repeat. Maybe they're not so dumb after all.

Bingo.

FIAT is make-believe. This current system is going supernova.

Real assets, regardless of price, will be more valuable than the ever-debased USD ponzi scheme.

The people who lease these things are the fools in this scenario. The ridicule for them is deserved. Anyone else is just parking an asset that, at this point, can't realistically devalue faster than the USD at it's current trajectory and is thus an intelligent long-term financial decision.

[–] [deleted] • 1 pt (edited )

That works out well for a while. Then suddenly doesn't. Im actually trying to get a truck but it's looking like I'm going to end up with a 10yo model with 150k miles on it or a surplus hmwvee. Not spending more than 20k.

[–] • 1 pt

Yep. People spend every dime they get. It's great right up until the paycheck stumbles, then they die.

[–] • 1 pt

I don't want a computer in my mechanical device.

[–] • 1 pt

You'll need to purchase something from the 1960s.

[–] • 1 pt

I don't have a car. License plate readers. I don't like being tracked.

[–] • 0 pt

It's kind of necessary where I am, otherwise I wouldn't have one.

[–] • 1 pt

And then pay like $600 a month for gas. I've filled up twice since March. Still have 3/4 on the last fill up.

[–] • 1 pt

Not offering deals? The motherfuckers around me are marking up their inventory by ~30%. That's more than "not offering deals."

[–] • 1 pt

It's all a big coincidence that cars are becoming unaffordable at the exact same time that airline and public transit are forcing draconian restrictions on travelers. You can buy all of the machines to make chips for about $1 million right now. They will be slower and consume more power than something from Intel or TSMC, but they are more than capable of anything a modern car needs to do (fuel injection, ignition control, abs, basic infotainment, etc). Modern cars also use CAN bus effectively enough that these systems can be easily swapped out as stuff is redesigned based on availability. You probably can't run autopilot or super cruise on them. Maybe this is China's way of getting a foothold in the U.S. auto market. If the choice is between a $70k Ford and a $10k chinese POS I think I'd choose the chinese one with less debt.

[–] • 0 pt

Honestly screw it. Let's go back to non chip cars. We did it already, and all the chips do is add broken features anyways. You lose a large amount of luxuries, but you have a fully functional car. Who cares if the windows are manual?

[–] • 0 pt

I don't think I want to go all the way back to non-chip cars. I don't like adjusting/rebuilding carburetors. Early 90s fuel injected engines were some of the most reliable and lowest maintenance engines around. The transition to DOHC engines was a huge step forward both in power and fuel efficiency and that happened in the late 90s. Past that I'm not really sure any of it was worth it. They require computers, but probably have less sophistication than the average TV remote these days.

Then again gas is probably going to be an issue soon anyway. Maybe we transition back to 80s diesel tech. Those didn't require any electronics and could be converted to run on biodiesel. I wonder if we could turn the corpses of people killed by the vax into biodiesel.