The price of everything is unsustainable.
this post was submitted on 22 Aug 2023
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Why Millennials are destroying the ____ industry, details at eleven.
Unregulated capitalism is why all this stuff isn't sustainable, but it's what capitalism ends up at on a long enough timeline.
The people willing to do anything for more wealth will keep accumulating more and more, and "lobbying" for legislation that lets them make even more.
Money is finite. All those billionaires don't make money out of thin air, they take it out of the economy.
If they do too much of that, then no one else has money to buy anything. Without a large amount of consumers, every industry gets fucked. Because the rich don't buy enough consumer goods to make up for the other 90% of people who can't afford it
we should have way less children: less engineers to graduate, less companies compelled to hire new workforce then less car companies to exist. there are too many mechanics and mechanical engineers in this world. i think i am suggesting depopulation at this point so that represents another angle of the subject. if ur existence is fine, why would u go out of ur comfort zone and reproduce ? at this point not reproducing serves more one own kind than anything. but also the rich need to be taxed and taxes need to be used to ease people lived and make them retire early. nothing has changed if u reproduce and create free new labour force to serve ur local capitalist located next door. look up vw: agglomerating more than 30 car brands or so, salvaged from banktrupcy. they should in fact have stayed defunct and erased from existence, and yet..
Also taxes act as a filter so that gaining wealth is based at least somewhat on merit. The way we have it now anyone born into wealth of a certain level are guaranteed to retain and grow the wealth because taxes at the high levels are so low relatively. Unfortunately the adage "the first million is the hardest" is all to true. If your rich it should be your most recent million that is hardest. The higher you get the harder it should be. Just like anything else. Its like having our major leaguers playing T-ball.
earn ur first million by merit: pay people living wages and make retirement age at 50 and fund my retirement for the next 40 years beyond 50 and earn the fuck u want idc. wealth shouldnt all be centralized. at certain point wealth need to be taxed and tax revenue should be benefit other people in form of grants or something so they could also get a taste of rich life: the purpose of living is to enjoy it, not to centralize wealth to a single person
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When a car loan is longer than 5 years and you're still paying $500-700 per month, yeah, it's too expensive.
Five year loans used to be scandalous twenty years ago. The goal posts always shift.
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Cars are unsustainable for our planet. Even EV's. It's already too late to stop the damage they have caused already. The best time to transition to alternative modes of transportation was during the 70's. The second best time is now.
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There is a big culture of shaming and questioning people who buy small vehicles in the US and Canada. From salesmen who use it to push bigger, more profitable vehicles to people, to marketers who prey on fear and toxic masculinity to sell , and to everyday people who perpetuate the myths and fear, teasing and mocking their fellows who might have chosen a smaller vehicle. So here we are, barely a small vehicle to be bought and all maxed out on credit to drive the biggest rig we can. Well interest rates are headed up, gas is only going to get more expensive and suddenly that big rig with the the big operating cost shouldn't seem like such a good idea.
I'm in the process of buying a car right now and ended up with a Rav4 because it would take six months to get a Camry, it sucks.
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Even smaller vehicles are getting ridiculous. The Honda Civic is a $30,000 car now.
Why do I only buy used cars?
I've been priced out of new cars.
Edit: I of course also drive cars basically until I can't fix them anymore (a high bar) though so it's not like I buy cars often lol
Used cars are also getting to be insane. Try finding a ~5 year old Camry or Corolla in good shape for for less than 25K (CAD)these days, even the supply of $500 rusted out Crown Vic’s is drying up. I’ve even seen 10+ year old cars going for between 15-20K in my area.
Anecdata: this is also screwing with insurance. My sister got hit in a minor accident, we were sure the car was going to be written off since it’s 7 years old and more than three body panels would be replaced. But, the car had increased in value by $3,000 since she bought it five years ago, so they got to repair and keep it.
Yeah my current car is a 14 year old Kia Rio Hatchback and when I checked how much I could sell it for the price has actually gone up since I bought it 7 years ago
This shit's crazy
My cars are as old or older than my kiddos. ‘08 VW Rabbit (aka Golf) and a ‘13 Traverse. I want a slightly larger vehicle with a bit more room for the younger one’s car seat, but I can’t afford a payment for anything recent. Would like to jump ahead to at least 2018 models.
Personally I'd love to get a vehicle with more ground clearance than my current car (slightly modified Kia Rio Hatchback with ~ 7 inches) to something with like 10 inches to 12 inches.
I do a lot of hiking and backpacking so things can get a bit sketchy at times trying to get to a trailhead.
But damn prices are high on new vehicles so I'll probably go with something 20 years old or older.
Wear and condition are more important than year in my book. Yes, age does cause some issues, but they are less common. I buy older low mileage cars that were well cared for. But they are hard to find. It sometimes takes months of watching.
Yeah honestly was looking at something like a 2018 GMC Terrain with higher mileage since I only drive about 3500 miles a year. If its got like 80k on the dial it wouldn’t bug me any. It’ll take yeeears before it hits 100k. But yeah I’d want something decent in condition.
We’ve had my wife’s car for a good 7 years (its ten years old now) and its still under 100k with it being the main family hauler. It’s the car that had priority to get fixed lol. Mines a little neglected since its mostly for around town or when i go in for work every so often.
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not only tht but the civic is the size of an accord from the 90s now.
Work on ending car dependency
There's a lot of people that will default on car loans with only the most minor financial disruption
Cars are unsustainable.
When they say car prices are unsustainable do y'all think they mean the manufacturer website one? (Website is pretty reasonable )
Or....
The one that when I step into a dealership they add $15000 for the "privilege" of me buying the car from them?
From the dealership mindset I must be batshit crazy for not buying a car from them.
I agree but you could easily fool me with the amount of brand new trucks and suvs I see driving around. Prices will not go down if everyone keeps paying them. And then there are people that can't afford to buy groceries but they have their brand new jeep wagoneer that cost like $80k... that just further drives up prices because you have people that can't afford it still paying the premium, still driving the demand, so the dealers can get away with charging whatever they want.
Even worse is that our European "low emissions zones" are forcing us to buy new cars (not seond hand ones). Al for the environment right? It is a 360€ fine every time we cross such a zone in an older car.
So if you can't afford a new car, they fine you for it pretty hefty. Long live the rich.
Where is there an LEZ that forces you to buy a 'new car'? The ones I'm aware of require compliance with either fairly or very old emissions standards.
For example, in London, the ULEZ requires that petrol cars be Euro 4 (every UK vehicle since 2006 complies automatically) and diesel cars to be Euro 6 (mandatory for new cars since mid-2015). So, worst case, the vehicle needs to be newer than eight years old. More than 90% of vehicles driving into the expanded ULEZ area were already compliant before it became active.
Yes at least 8 years or younger. That is mad. You can afford a new car every 8 yrs? I cannot.
The statistics of the 90% are meaningless. You have to be dumb to drive a non-compliant car into a LEZ. So yea, 90% is complaint, I don't need a statistic for that. I can also tell you that 90% of people who drink are thirsty.
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Low emission zones essentially just reduce the amount of cars where the zones are located - i.e highly urbanized areas with great non-car mobility options. While maybe not implemented in the very best way, they are on balance a positive policy.
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Might be?
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