c/Collapse

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Dedicated to topics discussing scenarios, possibilities, and circumstances that lead towards the collapse of civilization at any scale.

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Car repossessions are at an all time high. The banks now have a gargantuan store of vehicles, so much they’re filling up the lots. (youtu.be)

submitted 2 years ago by [email protected] to c/[email protected]

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This is a crazy example of how a large portion of the general populous is being affected by inflation and further just how much everyone’s given up - why not get the car of your dreams if anyone will sell you it and you don’t care about your credit? I feel for people who had this happen to them. Sadly defaulting on these loans has led to the banks profiting greatly, and now they have thousands of new cars to sell. But when will they overflow? Reminds me of the housing crisis. If you watch the vid you’ll see some people keyed their cars as it got repo’d. Very similar to people pouring concrete down the drains of their homes that got repossessed in 2008.

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