Texans gotta have their giga trucks
Reminds me of when a dude I knew was posting on Facebook how gas prices were too high and filling up his two new Cadillac Escalades was getting way too expensive because of Obamacare or something.
God damn we are a country full of idiots.
I’m in the process of purchasing a house. The current resident used a loanshark to buy the house for her as she could not qualify for traditional financing. After a few years she still could not get traditional financing and the loanshark wants to sell the property. The current tenant is a little upset at me as she views me as stealing the house from under her.
Part of why she can’t afford the house and I can is that she drives a Cadillac escalade and I drive a tiny 5 speed hatchback car.
The fuck? That’s about what I paid in monthly mortgage payments for my house.
Would be nice if house payments (general cost of a home) was around that. At this point the only obtainable thing is a vehicle if someone chooses to have one.
I make well…very well…quite well into the six figures and a $1000+ car payment seems insane to me.
What the actual fuck.
Have to assume that its for 2+ cars because 28% of Texas definitely ain’t driving around in luxury vehicles… although I guess these big ass trucks really are up there in price these days… But still…
And most of these assholes are leasing and pay penalties for over milage.
That’s nearly half my mortgage in one of the highest COL counties in the country…
Gotta be big-ass trucks for quite a few places. ‘Specially Texas. The other facet would be poor states with lower average income will spend a higher percentage of income on the least expensive cars.
poor states with lower average income will spend a higher percentage of income
But the graphic uses an absolute USD value of 1000, so percentage of income isn’t represented. It seems more like the big ass trucks are an issue in more swaths of the great plains than just in Texas.
Who can even afford that.
I’m assuming this doesn’t include maintenance or insurance?
At first it seemed wrong for Mississippi to not be the worst but then the reality of the median wage kicked in and it shows how little people in the state actually can afford.
Lot of poor folks driving around expensive ass Chargers, 300s, Escalades, Mustangs, etc well beyond what they can afford in the South. Then parking them in front of a trailer park or shittiest house you can imagine, with kids playing in the dirt around it.
Hood rich
West Virginia: Buying a $500 used car in cash
Connecticut: Buying a $50,000 new car in cashThere are many people in Connecticut who are not rich and live paycheck to paycheck. So fucking many.
Post pandemic the beater cars all went from $500 to $3000 and we out here struggling.
Oh I do know many Connecicutters are hurting. I have been to Hartford. Seen that shit with my eyeballs.
Texas and Wyoming lol not only do they buy vanity trucks but you have to drive at least 30 min to go anywhere. Paying 10 mpg and creating your society as spread out as possible, just to own the libs.
you have to drive at least 30 min to go anywhere
If you’re going to spend that much time on the road, best be comfortable, eh?
I have visited family out there and this is depressingly true.
Tbh surprises me just how many must be buying new cars too.
I know you’re right but gonna ramble a bit…
People still make stupid mistakes buying used because the issue is people wanting / buying far more vehicle than they can reasonably afford. Like you make 30K…maybe a 9 year loan on a 70K vehicle is a bad move.
I’ve had this conversation a handful of times with people that ‘like driving fast cars’ but aren’t really car people. They want to buy that used 50K M series BMW or AMG Mercedes 5-10 years later cause it ‘use to be a 120K+ car’. They then find out that the maintenance/parts costs are still that of a 120K+ car. Not to mention the reason it’s being sold now is it needs a 15K turbo replacement or the like.
Last year I bought a motorcycle and asked the dealer what’s the longest loan term they’ve ever got approved…15 years. For a powersport dealer! I didn’t even know that was within the realm of possibility. They don’t sell anything but toys.
Seems so nonsensical to me. Even if you’re someone who drives every day there are perfectly serviceable used cars out there for $5000 whos remaining useful lifetimes outlast the repayment period of a new lease or loan.
My rent was less than that in the aughts.
My rent was less than that in 2018!
How many of these people live in their cars?
My mortgage is less than that today.
(Although TBF, that’s because I bought during the Great Recession – I wouldn’t be able to afford to re-buy the same house today.)
There are people in my hometown that have car payments higher than their mortgage payments.
I should appreciate how much work I don’t have to do by not having a car to pay for
So color coding tells us 15 - 19% of people paying more than $1000/m is normal or the edge. I guess this decision is arbitrary, so I suggest a one-dimensional color scale.
It is likely representative of the statistics that form the graph, so how about instead of randomly inventing an entirely new representation we stick to color coded percentage buckets.
Big dick trucks are expensive
small dick trucks
FTFY
;)
Oh it has nothing to do with genitals. Just the owners.
Freedom*
*To work really hard so that you can hand it all straight to banks
fr just work less, spend less money, more free time to enjoy life
Oregon is the one that surprises me.
All the other green states are the low income states (except for the north east states like Maine, and that little corner).
But then there’s Oregon, right between yellow California, and yellow Washington.
I’m also surprised NY is yellow. I thought the bulk of their population was JUST NYC. And most people in NYC don’t even own cars.
Or is this a percentage of car owners only?
One possible reason is we don’t salt our roads in winter. Salt causes tons of rust on vehicles, but here you’ll see 1990 Hondas still looking practically new. People seem to drive their beaters forever.
People seem to drive their beaters forever.
how is this related to vehicles looking new? I see vehicles that are missing front bumpers and have visible rust all the time on the roads.
100% the answer. I miss it so much. They salt like crazy around here and I can’t find a car with a solid frame for under $10k.
The Oregon used car market was insane before cash for clunkers. You could buy a car from the '80s for $750 and reliably drive it for 100k mi. more.
Oregon isn’t just Portland. The rest of the state isn’t nearly as developed. Same for NY - yes, huge population in NYC but there’s still a lot of people in nyc suburbs with money and cars.
