How much of the market does Rocket Mortgage make up? considering their rates are ****ing HORRID.... I cant imagine its much... but since were asking for "Proof..."
can you send a link to this article of said Data so we can verify your assessment?
Current New Vehicle Market
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can you send a link to this article of said Data so we can verify your assessment?
I don't know how they get the data of what people are going to do with the money, but if it was me and I planned on doing something stupid with it (very possible so I won't get one) I would totally tell them it was for home improvements.
That’s another thing that might F things up too. People cashing out on a second mortgage on their homes, because supposedly home values are set to drop this year 10-30 percent. I don’t know details but I’m sure a shit ton of people took cash out on their homes.
I hope you got some articles or documents to back up that statement there BUDDY!
I heard it on the internet somewhere so it must be true. Haha. But the best I can find is nobody really knows or wants to really admit it. Some say we are in a bubble while others say some areas will see up to a 10 percent drop. And then others say no, values will stay steady or rise a little. Bunch of blah blah blah.
I'll look for it!
Quick Google machine quotes this guy at 50%+ take out cash out refis to improve their homes.
Jesus if HELOCs are @ or close to 50% for consumer debt it’s way worse than I thought…..
Re your article: No comment from you or anyone else on the new “shared equity” option for homeowners to access their cash eh?
Holy shit the collapse is going to be historic with firms coming up with this type of shit.
Unbelievable
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No. He said that 50%+ of HELOCs were taken out for upgrades to the house.
I didn't comment on it, because that's the first time I've ever read that and don't understand it enough to make a comment.
At face value, sounds awfully familiar to interest only home loans from the late 90s.
DUMB.
I read it and understood it. And since it didn’t say “80%” or “70%” or “60%”…..
I said @ or CLOSE TO 50% NOT home improvements but Consumer debt….
That’s really ****ing BAD… I figured it would be in the 20-25% MAX.
Alrighty then.
I'll enjoy my paid for Uber reliable land cruiser while the market tanks.
Show me one time where I said the market isnt in trouble? Or is sustainable?
I like watching these guys and their daily content:
A couple of notes from their brief, 10 minute video for today:
1. Average EV purchase in April was $65K (cue Mayor Pete and his "just buy an EV" quote).
2. Average price of a new vehicle transaction in April was $46K (holy shit!)
3. The number of EV's registered so far in 2022 is 60% higher than the number registered during the same time period in 2021.
All this talk about EV's and the government is noticing. Many states are tacking on a surcharge for EV's at the time of registration. Their rationale is that if you ain't buying gas, you should still pay us because you use the road. Talk about discouraging people to go EV for "cleaner" vehicles. Save the environment! But the government still cometh for what's theirs! LOL
Registration fees for your EV by state
A couple of notes from their brief, 10 minute video for today:
1. Average EV purchase in April was $65K (cue Mayor Pete and his "just buy an EV" quote).
2. Average price of a new vehicle transaction in April was $46K (holy shit!)
3. The number of EV's registered so far in 2022 is 60% higher than the number registered during the same time period in 2021.
All this talk about EV's and the government is noticing. Many states are tacking on a surcharge for EV's at the time of registration. Their rationale is that if you ain't buying gas, you should still pay us because you use the road. Talk about discouraging people to go EV for "cleaner" vehicles. Save the environment! But the government still cometh for what's theirs! LOL
Registration fees for your EV by state
True, but at an average cost of $65k per transaction? Wow.
Oh for sure. I can't think of any new EV for less than $50k.
I’ve seen in transit Lightnings for over $100k easy.
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