The New CS Board

[jumanji0881]

Ain't Amerika great!!? -

My Comment: Where else can you have the government buy you a Bentley or Aston Martin? Of course, if you can't afford rent or mortgage, you can always sleep in your car.

Canary In The Car Mine: Repos From Auto Loans That Originated In 2020 And 2021 Are Skyrocketing
https://www.zerohedge.com/markets/car-repos-loans-originated-2020-and-2021-are-skyrocketing
Excerpt:
Consumers’ incomes were temporarily high as a result of debt forbearance, pandemic stimulus checks, enhanced unemployment benefits and PPP loans, the report says. The auto dealer says he bought a Bentley, McLaren and two Aston Martins from two buyers, now in default, who used PPP money for down payments.

“Everybody thought the free gravy train would never end,” he said. He told Barron's he has "never seen so many people making $2,500 a month owing $1,000 a month in car payments."