Has anyone noticed
My wife and I have been on the road for a few weeks, we went up I-5 from Los Angeles and over to the central Oregon coast and now down into California on 101. We think that we have seen a larger numb...
Forum Discussion
valhalla360 wrote:way2roll wrote:
Why is everyone so concerned about everyone else's finances and judging people they don't even know?
If we are talking about a stray individual, you are probably correct.
If we are talking about repeating it on large scale...it impacts can have unexpected consequences that do impact others.
Example: We didn't take out one of the "liar loans" on a house we couldn't afford back in the early 2000's...our 401k still took a big hit for a few years when the market blew up.
The market blew up because Lenders were pushing no doc and sub prime loans in an effort to create defaults they insured against. It was a set up. Regulation and oversight were cut which allowed lenders to give too much money to people who didn't really qualify at all. They shopped/bought sub prime customers with a propensity to fail because they made more and faster cash by collecting the insurance when they did. it was a win win, and taxpayers picked up the check. Nothing to do with people finding themselves in a position to work remote, switch modes of travel due to Covid, free up cash by moving to cheaper areas or a dozen other reasons to buy an RV. And the RV market is such a small share of the US market share when compared to other comparable purchases, and the defaults a small share of that percentage, will have no noticeable impact on your 401. Actually they probably have a positive impact by spurring the economy with the high demand.
