Comments by "Bo McGillacutty" (@Mrbfgray) on "BANKS Are In TROUBLE And The Car Market Is SCREAMING IT" video.

No single data point indicates such. This is an indicator of gross consumer reckless irresponsibility.
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I'd add that anyone buying more than bare minimum econobox, anytime, is a fool if they can't pay for it twice in cash.
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@Pleasiotic1 Sure you could say net worth, and make the case that interest payments is more than offset by investment gains. But that's not the reality of most ppl buying new cars and when it is--the wealthy person could easily pay up front multiple times over.
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@lacrosse1314 ONE indicator, yes, out of thousands.
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@Shadow_Banned_Conservative Are you 12?
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@Shadow_Banned_Conservative Not interested in a pointless pissing match Sport. Good Day!
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It's a liability but still has equity short of being totaled.
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@Pleasiotic1 Yes as I already said. But you and I COULD pay far more in cash, my point stands.
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@Pleasiotic1 Agreed, I was attempting to reach the "common Joe" with minimal words. I actually have a potent personal example that makes your point very well.
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@Pleasiotic1 I bought a moderately expensive used car that set me back on the order of $500k in opportunity cost simply due to pulling cash out of the stock market right before having 10X gains. It was a smaller amount of my holdings, still did very well, but there u have it. (not saying I regret it, gotta live in the moment some too, just be honest with ourselves) These are choices we make ALL the time without quantifying them but it's worth thinking about sometimes.
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@ozzierabbit587 Yes of course, good point, you apparently are not one of these folks at risk of repo tho, which is the subtext here.
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@silverback8183 Are you stupid?
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@aaron-az Indeed, it's not only the Establishment Media Mafia that profits from hyperbolic headlines, temptation to clickbait seems irresistible and is often OK, we understand overstatement.
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