[Ray20]

>based on the evidence and data >Evidence and data show that cake taste better than bread, why are they starving? Let them eat cake

I really wonder what kind of world people live in who write such articles and what kind of world people live in who seriously read them. It's hard to believe that they live among us, there must be some separate island in the ocean or something like that where they can write their articles in complete isolation from the rest of the world.

[toomuchtodo]

Ehh, vehicle affordability rapidly accelerating away as the middle class evaporates solves the problem if people can’t make financially rational choices themselves. As of this comment, the average price of a new full-size pickup truck is around $64,000, while the average price of a new mid-size pickup truck is about $42,690. This is before tariff impacts are baked in. Doesn’t include operating costs (fuel, insurance, maintenance), putting monthly payments around $1k/month (at least). Let them drive studio apartments around I suppose, if they can get financed and not repo’d in the near term.

Would you cry for me if I wanted a Lambo but couldn’t afford it? You would not. This is different? Everyone is entitled to wildly conspicuous consumption? I argue no.

[Ray20]

>affordability rapidly accelerating away as the middle class evaporates solves the problem

But that complete bs. Vehicle affordability is not in any danger, average price of a new pickus trucks depends on the amount of money the population has. Even if the middle class completely disappears, people will just drive cheaper pickups.

>Would you cry for me if I wanted a Lambo but couldn’t afford it?

But they could. And that the reason why "the average price of a new full-size pickup truck is around $64,000"

[toomuchtodo]

> But they could. And that the reason why "the average price of a new full-size pickup truck is around $64,000"

Car Repos Hit Levels Unseen Since 2008 Financial Crisis - https://www.pymnts.com/transportation/2025/car-repos-hit-lev... - March 27th, 2025

Late Car Payments Hit Highest Rate in More Than 30 Years - https://www.pymnts.com/loans/2025/late-car-payments-hit-high... - March 6th, 2025

St Louis Fed FRED: Average Amount Financed for New Car Loans at Finance Companies - https://fred.stlouisfed.org/series/DTCTLVENANM

I’ll see if I have access to the Cox Automotive pickup truck specific repo stats as soon as I’m not mobile. Based on the auto loan delinquency and repo rates, the evidence is fairly robust that people cannot afford these price levels. They get off the lot with the vehicle, certainly, that’s super easy due to easy credit, but then the clock starts ticking on when the car gets repo’d.

(~100M Americans are sub 700 FICO subprime, 33-40% of consumers depending on credit reporting agency providing the data)