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Ill give a small example here how I know we are fucked. I leased a vehicle for 1900 a month back in 2022, the lease is up in October. I just bought a new 100,000 dollar truck today, I'm over 200,000 in debt already with barely enough to cover my monthly payments. They should not have given me this truck. But I'm a business, they give me anything. Sure I'll make 2 mill this year but they never once asked anything once I said a company was buying it. I'm personally saving money on this transaction but the fact that the financial system allowed this to happen worrying to say the least.
Respectfully, why the fuck would you buy yourself a $100,000 truck?
I work in environmental reclamation, I haul things a lot. And travel down rough roads a lot. I'm actually downsizing to this truck because the other ones are too damn expensive.
$100k? Suspicious, not sure the cybertruck is the investment you think it i/s...
Could need a pickup with the tool boxes and shit built in, or maybe a hydraulic lift. My family owned a construction company for decades, and we always had one of those in the driveway, and while I don't know how much they were, they were definitely more expensive.
Oh, those start at 150,000 now. Trucks are crazy expensive.
Don't worry. People like my parents will blame poor people for accepting loans that they can't pay.