Quote:
Originally Posted by MZ DAIZY
My fist car loan in 1981 was 30%. No joke! That was when we thought Carter was the worst President in history. Brandon said, hold my beer.
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Granted prices were lower back then, but still makes me wonder how stuff was affordable back then. Higher rates and incomes where significantly lower, even with taking inflation into factor.
Imagine 20 years from now, where car monthly payments will be $3k and that's on the low end and poverty level is $200K/annual.