911 prices drop!!
03-23-2016, 11:57 AM
#16
03-23-2016, 11:59 AM
#17
Banned
It's all relative of how the tax structure works. Europeans are taxed on consumption where we are taxed on everything from income to real estate and consumption. On average 50 to 55% of our income is taxed once you account for real estate and sales tax. Combined with income we pay a higher percentage. So those prices are actually bargains.
03-23-2016, 12:10 PM
#18
Race Director
Originally Posted by 991carreradriver
What really is mirroring 2008 is the rise of car loan defaults. Always an informal leading indicator to recession.
Talked to a AAA guy who goes out to help stranded motorists, etc. Said every time he pulls up to an apartment complex or housing area many people run out of their apartments to stand in front/behind their cars thinking they're getting repoed when they see a flatbed.
03-23-2016, 12:21 PM
#19
They're giving out loans to anyone with a pulse. Low rates and lax requirements. Have you seen the huge bubble in high end car leases?
Talked to a AAA guy who goes out to help stranded motorists, etc. Said every time he pulls up to an apartment complex or housing area many people run out of their apartments to stand in front/behind their cars thinking they're getting repoed when they see a flatbed.
Talked to a AAA guy who goes out to help stranded motorists, etc. Said every time he pulls up to an apartment complex or housing area many people run out of their apartments to stand in front/behind their cars thinking they're getting repoed when they see a flatbed.
03-23-2016, 12:52 PM
#20
Advanced
03-23-2016, 01:42 PM
#22
Three Wheelin'
let's be clear; loans and delinquencies of the lowest fico score auto loans (ie, no credit history, low fico, "subprime") are on the rise.....but the s&p/experian auto loan default index is only at 1.05% hardly having risen over the last twelve months.
03-24-2016, 12:45 AM
#24
03-24-2016, 12:59 AM
#25
Business is booming http://www.theverge.com/2016/3/16/11...l-record-bonus
03-24-2016, 01:01 AM
#26
When interest rates go up, the banks will have improved earnings due to the lag between interest paid for deposits relative to interest received on loans. The interest margin will widen.
03-24-2016, 01:03 AM
#27
03-24-2016, 01:08 AM
#28
And default rates are not rising here in the US, while credit policies are actually tightening. Outside of some concentrated energy related risk, the banking sector is very strong and not even remotely in a similar position to 2008.
Funny thing is the Fed is actually pissed that banks are tightening their credit requirements...damned if you do...
Funny thing is the Fed is actually pissed that banks are tightening their credit requirements...damned if you do...
03-24-2016, 02:51 AM
#29
Instructor
Join Date: Mar 2015
Location: Hong Kong
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The real killer is the 'First Registration Tax' in HK which is 115% and applies to new cars over $65,000 USD.
This basically means, all P's are doubled in price. 1/2 of the price goes to the HK govt. Electric Vehicles (Model S) on other hand are exempt from this tax till Mar 2017.
This basically means, all P's are doubled in price. 1/2 of the price goes to the HK govt. Electric Vehicles (Model S) on other hand are exempt from this tax till Mar 2017.
03-24-2016, 06:48 AM
#30
And default rates are not rising here in the US, while credit policies are actually tightening. Outside of some concentrated energy related risk, the banking sector is very strong and not even remotely in a similar position to 2008. Funny thing is the Fed is actually pissed that banks are tightening their credit requirements...damned if you do...