Yes, 4.5% rates suck.
Yea its a tough pill to swallow, but I plan on driving this car for 1,000,000 miles well into my golden years in the event I am unable to drive myself (or at least do so while pissing in a diaper - here's to Dave Ramsay's advice btw lol)
FYI my FSD died with the car when it was totaled. Just something to consider before you drop $12k on it rather than pay for it month to month. Not saying accidents are likely but they do happen and may not be in any way your fault.
A common assumption running through this thread is that we currently are in a recession. I just want to point out that there has been no official designation yet (and yes, there is a committee of economists that decides such things). Also, though GDP has contracted recently, the strong labor market runs counter to the idea that we are in one. It is certainly possible we are headed for one, or even possible that one has even started (economists usually make this determination months after the fact). But it isn’t a given that we are presently in one.
That is exactly why I got FSD. So I can stay in my house and get to the doctor's or wherever. Of course the added bonus is the kids can't find any keys to take away
That said, I just don't believe at this point that it is going to happen. I'll be dead before it reaches that point. But hey, you're probably younger and maybe will make it<g>He is in Europe. They are in a perpetual recession. Also, I believe it is the MYP only available for order there at the moment, right?
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Good point, I was focused on the US, though I couldn’t comment on whether the UK is or is not officially in a recession. The OP is in the US though, and the thread title implies that a recession is already here. As do several other posts in this thread. It may be, I’m not denying that. However, there has been no official assessment. Plus, this morning’s jobs report shows the US added over 500K jobs this month and unemployment stands at 3.5%. Those are strong numbers, and don’t suggest a recession is underway.He is in Europe. They are in a perpetual recession. Also, I believe it is the MYP only available for order there at the moment, right?
Added: "Decided the Bentley Flying Spur is not worth the extra outlay with the recession and prices going up compared to the Honda Civic". Translation: "I'm poor.
I believe I have enough time with this company to get both the Y and to save a 6 to 9 month nest egg before anything with the economy before the worst could happen. Others made good points about the company being able to drop my wife and I whenever they want and that they owe us nothing. I test-drove the bolt, but that MY hatchback has it sold for me. The only thing that would stop me from buying it is concerns of being underwater should I have to sell in the event of a life situation (hospital, lose job, etc), but I just don't see it. I feel cautiously confident enough now to purchase. Got approved today @ 4.5% 72 mo $1342 which I will eventually refi asap.
Then you are confused about the difference between a bear market and a recession. We are certainly in a bear market. Sometimes they are correlated, but the stock market is not the economy.Whether this administration admits we are in recession or not, I say we are in recession when my 401k ROI is negative, and my 401K ROI is NEGATIVE F***!!!
That doesn't sound particularly cheap. My entire insurance (not counting the umbrella liability) is $1 more (actually pay 912 for the entire year).
If you understand why we are in a bear market, you will understand the whole picture. Enjoy your recession!
What unemployment problem? The US unemployment rate is at a historic low of 3.5% and just added 500K jobs last month. Not trying to start a debate here, just trying to understand the argument you are making.
I did not mean to alarm you.
People have been taking themselves out of the labor market for years now. Unemployed does not count "disabled" people with some lower back pain who aren't working and aren't looking for work and make enough on SSI etc. to eek by. That's millions of people who in fact are unemployed (by common usage of the word) but are not being counted as unemployed (by the government's self-serving usage of the word.) And no, we don't need an official government committee to decide we are in a recession - it's like asking the police to police themselves. If most economists think we're in a recession using the conventional definition, that's good enough for me.
