A Boring Dystopia

9748 readers

382 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks@lemmy.world

154

Americans are more underwater on their car loans than ever before (qz.com)

submitted 1 month ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

37 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] LodeMike@lemmy.today 22 points 1 month ago (7 children)

An increasingly large number of Americans owe more on their auto loan than their car is worth

So thats what it actually means.

[–] stoly@lemmy.world 14 points 1 month ago (6 children)

The same term is used with housing and perhaps anywhere a loan is involved with yes purchase of property.

[–] LodeMike@lemmy.today 7 points 1 month ago

Part of me thinks this [the article] is entirely false due to the fact that as soon as someone buys a new car and finances it, they owe more on the loan than the car is worth due to the drive-off value drop (blanking on the actual name)

But I didn't actually read the article, and intuitively I know that the face value conclusion is very likely correct.

load more comments (5 replies)