648 karma · joined January 21, 2023
I foresee that car loans will contribute to the next market crash, as the abysmal LTVs trap people similar to the way vehicle loans originated during COVID did.
The OP is a poignant example. I have been in the market for an AWD Maverick, but I cannot find a vehicle on sale at a reasonable price. I see Mavericks with high milage selling for 80% as much as a brand new one MSRPs for. Dealers add to the fire by adding markups or tacking on insane windows prices. The outcome of the loan doesn't matter to them, just so long as they can get the initial sale.
I feel so much of this problem could be resolved be eliminating the middle man. Allow manufacturers to sell direct to consumer, and so much of the perverse incentive evaporates.
Sometimes that agenda is clout or attention, which is alarming and points to a larger societal issue. The platforms have been ineffective in addressing this. It makes actual mental health awareness more difficult and contributes to the surrounding stymies.
Like IBM with Redhat, they tried to overstep their position and exert undue control, so the community rejected their status as BDFL. Now IBM has Rocky and Liberty to deal with, and Redis has Valkey rapidly gaining credibility as the go-to solution. The social contract of FOSS goes both ways, and greed is righteously punished with the loss of power.
In my field, of psychotherapy, social and cultural factors change over time making perfect replication impossible. I'm working on a paper now and we are trying to account as much as possible for replication of our results.