The price of new autos ,and housing for that matter, is really tied to what banks are willing to lend. If a bank told a prospective owner that they needed a 20% downpayment over a three year term, youd see prices fall. Too, when the majority of women entered the workforce ,the banks started to allow both his/her income to be used for payment calculation, and the market soon absorbed that income . Today, try to get a mortgage with a one income household. The banks allowed us to mortgage ourselves into a pickle and some of them bet against us and made money when the loans went bad.
We are so screwed. but enough about me ; how you doin!:what: