/biz/ - Business & Finance

Consoomer economy

I MUST CONSOOOOOOOOOOOOOOM

Pretty retarded not going to lie. Just decided to not leave the house and be on my bitDAO embassy grind all day.

Boomers and X'ers have a shitload of money idiot

>NPC brain sees "low" payment for 84 month term
>NPC gets shiny new thing

>>50554953
Yes anon, as an americunt I agree.

>>50554953
Cadillacs are for niggers.

>>50554953
fat mentally retarded mutts who want to keep with the joneses. i make $100k a year and i drive a 2017 mazda 3 that i bought 4 years ago, certified pre owned for $16k.

>>50555000
Checked. Not when that money is worth less
>>50555007
>>50554998
>>50555040
The retarded sharts might tank your economy in the same way they did in 2008.

>>50554953

The average American household makes 150k a year, there’s more to life than a green number, faggot. I pay $1,300 a month for my 2021 GT500 and have literally never regretted a day.

>not buying used shitboxes for 2k or less
The average consoooooomer American is a fucking retard.

with inflation so high, why not

>>50554953
Tick tock.
TikTok.
The debt man will collect.
You will lease.
You will borrow.
Yesterday, today and tomorrow.
What we show you, you must have.
A long happy life with subscription.
A long happy life with subscribers.

Your children will eaten.
We will feed.
The bugs.
The pods.
You will need.

>>50555077
Average household makes $1500k now, why are you so poor?

>>50554953
>Why the fuck do they keep buying shit in an inflated economy
assets (non-capital assets only this time, cause of the bubble deflating a bit) are getting more expensive every day because of inflation. The strat is to buy as much as you conceivably need at the current prices, before they become even more expensive tomorrow. This causes a death spiral that fuels inflation even more. Brazil had to confuse consumers by changing the name and denomination of their currency a few times to stop such phenomena.

>>50555000
Checked

>>50555039
Based af

>>50555077
Did you pay over sticker? No? Then shut the fuck up.

>>50555040
Lol fruitcake detected. You must have poontang. It’s that cheap because it labels you a loser

European here, I haven’t had a car in the past 4 years. The money I usually spend on a car instead went into eth and btc. I now have a six figure portfolio that was worth 500k last peak. The opportunity costs of cars are unreal.

>>50555150
to who? you?

>>50555150
i have a gf and i wfh. i couldn't think of anything i would prefer less than driving around on public roads surrounded by dirty niggers, puerto ricans, and ragie wagies. cope and seethe you morbidly obese brown mutt.

I really do want an SUV tho. I WFH and barely drive kek

Most millennial and Gen x households clear 140-150k, the husband and the wife both have 70k+ incomes and are sitting on a pretty decent size stack of cash and a decent size 401k. I know several people that got fairly sizable 30% raises last year kind of out of the blue or by job hopping, many going from ~60k to ~80k, all of them in made up “analyst” or “specialist” type business wage office positions.

The rate of savings of these people has absolutely plummeted due to inflation (which is astronomically higher than 9% lmfao) but their budget still allows them to make $2,000 monthly mortgage and $1,000 monthly car payments along with childcare services and food and gas and so on. They are getting close to their limit (where spending exceeds income) but they are not there yet. The only way this ends, in my opinion, is when people start losing their jobs. These households are entirely dependent on two office wagie incomes, they’ve stretched every aspect of their budget and are basically pushing money out as fast as it comes in. If one were to lose their income for an extended period of time, it’s lights out, the show is over. Right now most people are tolerating all of this because they pretty comfortably can.

>>50555241
So how bad will the fall be?

>>50555077
>have literally never regretted a day.
yeah retard that part comes later, also you're a fag for not getting a 350, way cooler and trans won't disintegrate in 3 years like that gay automatic they sourced for the gt500

>>50555241
many such cases. my last job enabled a temporary pay cut of 20% during the peak of covid (med device company that couldn't sell shit due to hospitals suspending elective procedures.) i work in finance/accounting and the entire department was panicking despite us all making $60k-80k in NJ.

i job hopped for a promotion because the pay was shit. i imagine many of my old coworkers are still cucking for a 3% raise. the 20% temporarily pay cut was done away wit after a few months, but the effects of inflation have probably nulled out the pay reinstatement. kek.

>>50555165
>worth 500k
>last peak

>>50554953
Americans are fat. They can't fit their fat asses or fat kids into a small, modest car so they have to drop $50k on land barges

>>50555521
europoor detected

>>50555608
Then why do you need such big vehicles? You like to bitch about gas prices too so why are the big vehicles worth all expense?

>>50554953
meanwhile: https://youtu.be/oHqzURMXwIA

Made $7.25m last year. Drive a 2012 Mazda 3. Gets me from a to b. Can't imagine paying $40k+ for a "luxury" car just to be slightly more comfortable on the way from a to b. And its embarrassing to see people drive sports cars but still have to wage or can't afford something that's actually impressive like exotics.

>>50555642
Why not? Why should we accept high fuel prices just so losers like you can get more gibs? Fuck off.

>>50555740
>dodging the question
still haven't answered why you need such big vehicle. Americans arent even having kids anymore, so why?

>>50554953
Crazy the use that Escalade for the article that the average is $46k when that SUV is $120k

>>50555241
Confirming this.
SoCal household generates over $300k/yr.
Between mortgage, family expenses, cars (you are forced to get a larger car if you have more than two), and private school (LOL LET'S %300X THOSE EXPENSES HOPE THE SEX WAS GOOD), we're blasting through all of it and living paycheck to paycheck. We haven't changed anything because we don't have to, but if another shock comes along I will need to change something major -- like putting kids in *retch* public school.

Ultimately, we'll be fine because, believe it or not, we are being financially conservative as compared to the average family this area. The key is finding a woman that can actively participate in managing finances so you're both on the same page.

There are many guys in my situation who are on the knife's edge of being absolutely btfo because they're blowing through it all to keep up appearances for their wifeys and families.

>>50555782

Funny because most people don't give two fucks about it and wouldn't drive a retarded monstrosity like that if you paid them. But there are those special retards who enslave themselves with debt so they can embarras themselves in something like that every day they drive to the wage cage.

>>50555734
based and mazda 3 pilled. my only regret is not getting the hatchback.

>>50555734
7mm and a Mazda? You deserve to lose all your money you faggot. Hope it's a gay larp

>>50555040
based, i make 60k a yr (no degree, midwest) and drive a 2014 mazda 3

>>50554953
>buy 1 car
>set new transaction record price
wHy aRe U aLL dOiNg tHiS??????

>>50555778
Because they're better. You're just looking for a handout, faggot.

>>50555883
i just posted about the 2014 and mine is a hatchback kek

>>50555950
Yes, I'm sure lardasses need the extra sturdy suspension

>>50555000
>have lots of money
>have to get a loan to buy a thing

>not shorting the US economy by debtmaxxing and buying literally any-fucking-thing with it
NGMI

>>50555241
There are so many people living like this its unreal. I make 100k before tax of you count my bonus and have an $1100 mortgage payment with tax and all that other gay shit. I could drop down to a 70k a year job and be fine. I own my 3 shitboxes. I do need a larger savings but keep dumping money into my house with remodels. I need to prepare for this recession with a savings.

>>50556002
>REEEEEEE

>>50555778
because they are extremely obese, just imagine 2 medium sized americans in a Clio on their way to get the new wendys chicken sandwich. they wouldnt be able to fit in the car let alone drive it

>>50556105
>I do need a larger savings but keep dumping money into my house with remodels
reminds me a lot of 08', but at least you didn't borrow to do the remodels like a lot of those people did, those HELOCs fucked people way worse than the housing market decline in itself

>>50555077
kek, not even close
$67,521 is the average household income

>>50554953
spending is an addiction. if you manage to avoid the normal vices of gambling, drugs/drinking, and loose women, chances are you still buy frivolous things.

>>50555040
Lol I drive pic related and make $82.5k @ 24. Bought it right out of school right before car prices went parabolic. If only I could time the actual market as well as I did the used car market.

>>50556349
Pic

>>50556141
I'm not a europoor, I drive a nice sedan but don't have the lardass American mentality of "bigger is always better". If bigger is always better, then why don't you buy a semi?

>>50556437
>Ahem

>>50554953
Yes Americans are retarded and prone to anger if you ask them short questions.
Said Americans also have anger problems due to being mix race and have low emotional IQ.
Americans are all short, cowardly little faggots and I wish them the very worst.

>>50555000
>Lots of money.
>Constantly buying boomer mobiles trucks, boats, cars, motorcycles, vacations.
I doubt it, I think they're all low key house poor too which is why they say gay shit like "priced out".

>>50555150
Lol, manlet detected, did you get a lift kit yet?

>>50555191
Wagie here, I hate my car I wish I could work from home, all the people I work with are mentally retarded.

>>50556910
Epic truck, bro. I bet most truck and SUV owners like you really love to go off roading in the mud. Totally not just grocery getters for lardasses and manlets.

>>50555498
>Amerimutt.
>Net worth is pay check to pay check.
Next bull run that anon will have more money than you.

>>50555241
Id rather be homeless than keep working, I wish crypto would just fucking moon already so I can quit my job, finish my dope plants and cut and run.

>>50555608
>Calls people poor.
>Probably also poor.
Okay.

>>50554953
What the fuck happened to cadillac?

>>50555740
>Why should we accept high fuel prices
Because you drive a combustion engine? Man you mutts are fucking dumb.

>>50555950
>You're just looking for a handout, faggot.
That didn't answer his question, dumb fuck.
No, no they're not better.

>>50555040
doug?

>>50555861
>There are many guys in my situation who are on the knife's edge of being absolutely btfo because they're blowing through it all to keep up appearances for their wifeys and families.
Good, I hope these fuckers lose it all.

>>50556141
So you lost the argument then?

>>50556910
You don't drive that though.
Trucks are gay.
Sports cars are gay.
Cars and trucks are gay.

I think I paid 24k for a used Honda CR-V in 2014. 48k as the AVERAGE is insane.

>>50555000
Sick digits Fren. But, X’ers have been fucked since the moment we graduated college. 01 dot com and 9/11 recession. 07 mortgage derivatives crisis. 8 years of Obama’s stagflation. 00 WEF Great Reset begins. Boomers and Silent Gen are only fuckers left with any money. We mostly live hand to mouth, but we’re earlier enough to buy a home. Our only consolation. That, and we did get to be kids in the 80s and 90s, which was epic. Internet and cellphones fucked the world.

>>50557098
>cadill-ACK!

>>50554953
When is this going to pop

>>50555040
>mazda 3

LOL cuck

>>50555861
>private school

dumbass, just live in a good school district and put your kids in accelerated classes to avoid the mouth breathing retards raised in single mother households

>>50556338
/Thread

>>50557169
CR-V is a budget car for women and cucks

48k average is because every boomer wants the latest model of the F-250. there's also a few wealthy zoomers blowing money on teslas as their "made it" car.

>>50558148
Good question. This time around everyone is going to be screwed. Dealers sitting on inventory they overpaid for, consumers upside down on their cars and banks, if the car repos they'll be lucky to get 50 cents on the dollar.

imagine not splurging on credit RIGHT NOW. once the recession is nominally recognized, bank of america will declare insolvency and your debnts will disappear overnight. anything you purchase from now until the happening will basically be free. you're a fucking retard if you're NOT consuming right now.

same thing probably for EU but i dont know about your gay communist laws, its only a matter of time until doyche bank goes belly up but you might not actually be allowed to just indulge in exceptional subprime credit because of socialism or whatever.

>>50558970
I used to think that, too, but I don't see it happening.

>>50558015
>be 45 year old gen x'er
>graduate college in 1998
>unaffected by stock market crash in 2000-02 because you're 2 years removed from college and have no capital to invest
>work for 8 years, rent and job hop up the ladder, pay off student debt, save up for a down payment
>find a job that pays enough
>"alright it's time to buy a house"
>housing crashes for you, get a 50% off coupon
>"alright, now that i have a house and a good job, i'll start investing"
>enjoy a 15 year bull run during their prime earning years
>"we got fucked!"

you're more delusional than millennials

>>50558888
Checked

>shitbox that's paid off that gets me from A to be
>shitbox racecar that I work on for fun

thats all you need bros

pic related my shit boxes

>>50559006
This. Every gen X I know from work is literally a multimillionaire.

based mazda3 (turbo) thread

>>50554953
>Why the fuck do they keep buying shit in an inflated economy and who the fuck keeps loaning money to them?

Dude, in case you havent noticed. The purpose of taxation and even now, bank loans is to keep citizens on a treadmill.

You dont earn enough to live tax free / debt free so you have to keep clocking in to 9-5.

For the most part this is ok for me bc my employer pays for me to get educated and one day i might outsmart them all... i also hate being idol anyway... your skills get rusty.

Also, wouldnt it be a kind of apocalypse if every alcoholic didnt need to go to work and then russia invades end of story.

>>50558852
It’s funny because you and the comic artist don’t understand gdp

i make $160k a year and have 7 figures in crypto and drive an absolute shit box 20 year old cadillac cts. I'll probably upgrade to an old lexus LS400 for sub $10k because id feel sick to my stomach driving a car that's more than even 1% of my net worth

>>50554953
yes

I've been driving my 90s car for 15 years with few problems

>>50558795
>just live in a good school district and put your kids in accelerated classes to avoid the mouth breathing retards raised in single mother households
I mean... the real plan is that I'm not going to be at 300k forever, I'm just going to make more money so it won't matter.

But to actually engage your point, that only really works at ~4th grade or so, after they give you the brainlet test.
Pre-k, Kindergarten, and 1st-4th grade are all on the parents.
And before you say it, yes it matters. Those are extremely important development years, it's a huge advantage to do things like make sure they're exposed to classical music theory/composition around age 4, are multilingual (not just bilingual) by age 6, etc., and are able to share those experiences with a group of peers that can keep up.

>inb4 but I'm fine
No. No you're not, even if you're doing well now. You don't know what you could have been because your parents denied you the opportunity to realize your potential. They jerked off and drank beer while you made little faggot noodle castles. And that's what you became. A little faggot noodle castle of a man.

We can smell it on you paste-eaters. That's why you remain where you are. I'd never condemn my children to a averagefag life.

>>50559478
whys that bitch going crosseyed lmao

>>50559478
>make sure they're exposed to classical music theory/composition around age 4, are multilingual (not just bilingual) by age 6

lmao, what a beta faggot, no wonder you are in CA, your weird ass kids are going to fit right in

For real tho should I get a brz?

>>50559733
FR-S > BRZ

>>50555040
Are you retarded? who spends more than 5k on a mazda?

>>50557051
Two more bullruns!

>>50557103
>>50557110
>They're not better because...they just aren't ok!?
Rent free, europoor.

Same thing that happened in 2008, loans and their interest rates weren't regulated for houses so investment companies would offer ridiculous loans. As the economy became inflated the investment companies saw the opportunity to abuse the interest rates on new loans and target brainlets that think they can afford something because they can make the payments

>>50555114
Average household as the average wealth of all house hold or the largest majority of households make 150k?

>>50557146
>>50557165
You're a rentoid, you have no net worth, if you're lucky you own a tiny cuck mobile, more than likely you have to ride in ze pod. You will share walls with your neighbors for the rest of your life.

>>50554953
US bro here, I literally know a single mom with 3 kids and an average job that went balls deep in financing to get a new GMC suv, such is the culture here. People can't downsize very well, it would require too many lifestyle changes

>>50555241
>Most millennial and Gen x households clear 140-150k
The numbers don't back this up.

>>50559904
cars are expensive because of a chip shortage which is keeping inventory low

homes are expensive because inventory is low. inventory is low because everyone who bought the past 2 years got a sub 3% interest rate fixed for the life of the loan, and is either living in the place themselves or renting it out to some cuck who is paying 3x their monthly interest in rent

there are no parallels to 2008

>>50556335

And that's for dual income household

>>50560169
>shortage
Old news.

>>50555040
>certified pre owned

Used.

The word you're looking for is USED.

>>50555040
Having no car payment feels great bros.

>>50555322
Buying chicago for 2.5 million!

>>50555124
inflation is already coming down

>>50555322
not that bad

>>50554953
>Are Americans retarded?
is water wet?

>>50555778
>why you need such big vehicle
not need. want.

>>50558795
San Diego fag here, I want to live by the beach but can't afford north county so the public schools are garbage. Private school is only like $10k/year so fuck it

>>50555003
so much this
nobody stops to think "what's the total price" anymore
it's "how much is this per month" regardless of how many months

>>50557044
lmao a guy i work with bought a G Wagon as his daily commuter. So fucking retarded even if you're making >$500k/year

>>50556021
Retard why wouldn't you take a loan and let your money work

>>50558852
this comic falls apart when what individuals make decisions, like, idk, not eating shit...

>>50558852
>Schiffgold

>>50555039
Beat me to it

>>50559283
Is that Annapolis?

>>50560497
poway is only 30% more expensive than el cajon

although all of san diego county is a no-go zone if you're raising kids, even north county is 30% beaner at this point

>>50560694
>ven north county is 30% beaner at this point
obviously I'm referring to coastal north county.

>>50560694

I used to live in SD, and work in north county, Fall Brook, Vista, and most of them were white but now it's literally Mexico

>>50560298
wrong. mazda CPO comes with a detailed inspection and a 7 year, 100k mile powertrain warranty.

>>50560694
Yea dude, I don't want to live in Poway. I grew up there and it's suburban hell. I need to be within 10 minutes of the beach. PB, OB, Point Loma.

>>50560726
i'm talking about coastal north county

the whitest school left is only 73% white

>>50560770
you aren't making wise enough financial decisions to live 10 minutes from the beach

>>50558970
kek remember "pay your debnts"? Did the southern eurocucks ever pay them? I'm assuming no...

>>50560799
I already do, lol. I clear ~$300k/year and own investment property out east.
>>50560783
considering the rest of San Diego, that's pretty good to me.

>>50556368
>Carmax

>>50554953
I make $11B a year and drive a 1986 Geo Metro I bought for $30 in 1979 and I couldn’t imagine driving anything more than 0.0008% of your income. Stupid consumers amirite??

>>50560451
Was Socrates talking about the idiocracy in the Axial Age?

>>50554953
I refinance auto loans for a living. Please, consider the following advice:
>If you cannot buy a luxury vehicle with one upfront payment, you should be driving a $6,000 car.
>Get GM vehicles. The idea that American cars are less reliable has no basis in reality. Foreign vehicles (besides luxury) are all made in America and usually in the same factories and by the same workers as GM cars
>When your local refinance agent asks you to send two power of attorneys, stop fucking sending only one

Have a 1 year old, another one due in 6 months. I jut traded in my wife's 2013 civic for a hyundai palaside new 2022. 33k, 4%. Needed something bigger and more safe, decent warranty. She's gonna keep this boy for another 10 years.
I'm driving my 2013 Dart, 150k miles and no major issues besides regular maintenance

>>50554953
My boss just bought a brand new car cause it was smarter than paying almost the same price for a low mileage used car, used cars are insane right now and it's driving up demand for new cause if you're going to buy a car would you rather have a car with 10k miles on it that you aren't really sure the history of or pay like 3k more and just get one new?

>>50560169
Except what happens when Powell raises rates so high that unemployment goes to 10% like Volcker? Low rate mortgages don’t mean shit when you can’t make your payment anymore due to a job loss

>>50555098
Brainlet

>>50555040
You got ripped off. 16k for a Mazda 3? Lmfao

>>50559940
Neither lmao that guy is an idiot it's half of that

>>50559316
>>50560571
>>50560610