Quote:
Originally Posted by burn_this_city
This stuff is mind blowing to me, but I've seen it personally with my friends. Just snowplowing a pile of negative equity into the next depreciating asset.
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And it is going to get worse. You see it is not necessarily the "young people" doing this, many are in the 35- 50 age range, you know the ones with kids who should be teaching finance, debt and money management to their teenage kids.
The numbers from 2017 were nationally the average person has $5500 inequity in their vehicle, by 2019 the estimate, though unconfirmed is $8000....