I think people who shouldn’t are just taking higher interest loans that the dealerships are pushing on them because they are higher risk. They want status symbols and are too dumb to realize they can’t afford them. The car dealer pushes it through because there’s not really any risk for them.

I heard they’re doing ten year loans now for some cars that are around $100k, so I think people are falling for that, then wanting the next new thing and rolling the negative equity into their next one.

... What I can't grasp is how he still owes $44k on a 3 to 4 year old vehicle that was around $60k to start when his payments are that high. Unless he misspoke and meant $1400 combined and has some long-ass financing term it doesn't make sense.

when you learn just how easy $ is to get (once you have starting capital), most quickly lose respect for how hard getting that initial amount is

even moreso for the people born into wealth, who have never truly had to fight for anything in their lives

there's this massive international casino called the stock market, where all the richest degenerates love to throw their $ around trying to make their line go up faster than someone elses. most have zero plans to ever spend any of that $ in the real world unless forced to.

when you learn the rules to that casino it's effectively infinite $ (to a point, there are scaling/effort-reward issues past like... 500k or so)