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Farmboy's lament (lemmy.world)
submitted 5 months ago by BeatTakeshi@lemmy.world to c/funny@lemmy.world
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Most car loans are upside-down the second you drive it off the lot. It takes a long time to get out of negative equity, so the vast majority of people who have their cars repossessed don't have any equity built up.

[-] DragonTypeWyvern@midwest.social -1 points 5 months ago

Yes, I'm a bootlicker because I understand how asset valuation and depreciation work.

[-] DragonTypeWyvern@midwest.social -1 points 5 months ago

Yeah, that's the issue at hand, bootlicker.

[-] pearsaltchocolatebar@discuss.online -1 points 5 months ago

What, you not understanding how finances work?

this post was submitted on 03 Jun 2024
1172 points (98.4% liked)

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