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General Electric Company Message Board

  • goldmemberdave goldmemberdave Jul 20, 2013 1:46 PM Flag

    If you want to see how bad things are try selling a car

     

    My neighbor has a well maintained used car he is selling well below Kelley Blue Book that 10 years ago would have been sold in a day. He has had it for sale for about 3 weeks and the only interested people wanted him to carry the loan because nobody can borrow money anymore and if they can find someone to loan it to them they have to pay 17%+ but without a 680 credit score or higher which 90% of young people don't have getting a loan for any amount is impossible. Parents are strapped from taking care of parents and kids that can't leave home so they can't help their kids like they used to either. I feel sorry for the kids today, the things we got to do like own a car and affording gas to put in it, getting a decent job after completing college, and buying a house are things many of them will never achieve in the new normal but most will still vote for those who put them into this position. The entire US is heading the way of Detroit and that will become obvious as the BK proceedings play out which is why I believe the feds will bail out Detroit before the government Ponzi is expose and people realize we are heading to the same fate as Detroit.

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