Debt and economic risk

[plodder]

Lots of personal debt out there, secured on depreciating assets... https://www.theguardian.com/business/20 ... ments-help

The last credit crisis was unsustainable mortgages, these loans don’t look much better.

[lpm]

We talked about those car loans on another forum. Millions of people never own a car, just keep renewing these schemes every 3 years. They get to drive lovely new cars all the time, but are always paying for the steepest part of the depreciation curve.

I was thinking it was a great time to replace my car, but it's not quite knackered enough yet. And I haven't driven it for 4 weeks. But there must be some fabulous deals out there.

[Woodchopper]

Lots of personal debt out there, secured on depreciating assets... https://www.theguardian.com/business/20 ... ments-help

The last credit crisis was unsustainable mortgages, these loans don’t look much better.

Mortgages are still a much larger issue than car loans (worth £1 499 billion).

Perhaps lpm should start looking out for good property deals.

[lpm]

House prices will be way down, except that it has been frozen. No way of telling how it will respond when it reopens - which could be a year or more.

But cars sitting on forecourts need to be sold ASAP by companies eager for cash, even before any impact of cars being returned by unwise lessors.