Hellow guys, Welcome to my website, and you are watching The Car Market Bubble Has Popped. and this vIdeo is uploaded by Hayden Schreier at 2022-07-07T05:19:49-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | The Car Market Bubble Has Popped |
| Video Uploader | Video From Hayden Schreier |
| Upload Date | This Video Uploaded At 07-07-2022 12:19:49 |
| Video Discription | In this video we will talk about the scary about the car market auto loan industry and how similar it is to the 2007 mortgage loan meltdown. You be the judge and tell me what you think in the comments below! I don't accept donations, use that money to invest in yourself instead! If you want to support me, use any of the affiliate links below, also leave a like & SUBSCRIBE, that's completely free. Thank you very much! Follow My Instagram: @CryptoHayden BITYARD | Short & Leverage Crypto: https://www.bityard.com/?ru=y3P985 JOIN MY CRYPTO DISCORD! https://discord.gg/gEYCfRvyEu PATREON: Gain Access To All My Crypto Charts & Trades! https://www.patreon.com/CryptoTV Do Your Crypto Taxes Properly With Koinly! https://koinly.io/?via=BE6C1AA3 Bitcoin Ticker Display: https://cryptocoindisplay.com/?ref=yl... Use Code "CRYPTOTV10" for 10% Off At Checkout! Get Your Crypto Iphone Accessories Here! Use "CRYPTOTV" for 7% Off! https://bit.ly/3FGHaar MatchX M2 Pro Miner Here! https://bit.ly/3lU90Io Mine $14+ In Crypto Every Day! Keep Your Crypto Safe! With the Ledger Nano S: https://www.ledger.com/products/ledge... BITCOIN-GEAR: https://bit.ly/3a1GYEo Amazon Store: https://www.amazon.com/shop/cryptotv Email: CryptoTVOfficial@gmail.com ENTERING A RECESSION: The Atlanta Fed’s GDP gauge now sees the second-quarter at negative 2.1%. Which if accurate means the U.S. will be declared in a recession since January of 2022, at least statistically. Because remember a recession is considered 2 negative GDP quarters. You see the reason car dealerships are price gauging new and used cars is because of extremely high consumer demand, mega inflation rates, mixed with supply shortages for chips, vehicles and labor. CAR LOANS ARE EASY TO GET: Similar to today there are 107 million Americans out of 323 million who have car loans, so almost a third are driving in vehicles they don’t own outright. And all those millions of people owe $1.2 trillion in auto loans. PEOPLE AREN'T PAYING THEIR LOANS: Past-due subprime auto loans specifically climbed to its highest rate since April 2020. These are the auto loans that are tailored to people with low credit scores in the range of 580 to 619. Subprime auto loans also have a higher interest rate than regular auto loans due to the perceived increased riskiness of the borrower. Whats crazier is all car loan defaults rose to 8.8 percent in February, a 15-year high, according to Equifax. Which means more than just subprime borrowers are hurting. CAR LOANS WILL BE THE NEXT MORTGAGE CRISIS: Back in 2007 we had something called the Subprime Mortgage Meltdown. Similar to subprime auto loans, subprime mortgages were given to approved people with low credit scores and problems with debt. The subprime mortgage meltdown was the sharp increase in high-risk mortgages that went into default beginning in 2007, contributing to the most severe recession in decades. The housing boom of the mid-2000s, combined with low-interest rates, prompted many lenders to offer home loans to individuals with poor credit. When the real estate bubble bursted, many borrowers were unable to make payments on their subprime mortgages. SIMILARITIES BETWEEN MORTGAGE MELTDOWN & AUTO LOANS: There was even a study done by consumer reports which found some pretty scary overlapping information in the poorly regulated auto loan market similar to the 07 mortgage loan market. The investigation found that a credit score doesn’t necessarily dictate the terms of the loan offered, Some high credit scorers get high-priced loans, Many borrowers are put into loans they might not be able to afford, Underwriting standards are often lax and Delinquencies are common Legal Disclaimer: I am not a financial advisor nor is any content in this video presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. |
| Category | Education |
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