A Boring Dystopia

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154

Americans are more underwater on their car loans than ever before (qz.com)

submitted 1 month ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] LodeMike@lemmy.today 7 points 1 month ago

Part of me thinks this [the article] is entirely false due to the fact that as soon as someone buys a new car and finances it, they owe more on the loan than the car is worth due to the drive-off value drop (blanking on the actual name)

But I didn't actually read the article, and intuitively I know that the face value conclusion is very likely correct.