Anyone looked at RV loan rates lately! For 800+ credit scores 8% or more! Even through local credit union. Who is buying these over priced RVs with these rates?
Lot of folks go the home equity route, but fighting excess money printing caused inflation requires a forced dampening of the economy, which leads to higher prices, which leads to less demand, which leads to the metric (per the economist Phillips Curve) of strategic unemployment…Lots of dynamics, but discretionary purchases are typically the first casualty…