Can you imagine a 1000 truck payment, 180 a month insurance and 300 dollars in gas not counting maintenance. That's 1500 bucks a month to run a truck? But that's net take home pay. At a 30% Tax bracket, you have to earn 1950 dollars a month. That's 24 grand a year in gross earnings to drive a freaking truck. Then throw on 3 $80 to $100 oil changes and a set of $1500 dollar tires? Seriously.

@georgeafutujr.9369

Ай бұрын

And Car Insurance is $450+/month in NYC! You might as well buy a car to live in if you factor in the total expenses for a truck!

@michaelj6392

Ай бұрын

That’s why I’m still rolling in my 2007 F150 haha

@anacowa221

Ай бұрын

My 2008 F150 loaded was $36,000 new, it's in excellent condition, and my last truck.

@scottusry

Ай бұрын

you said it all brother

@dcp2001

Ай бұрын

1997 Toyota T100 FTW! bought for 10k with 42k miles on it in 02... Currently at 267k. My last two houses have cost less than the scenario above... it's just shocking.... I'm either earning too little or some folks are earning too much or don't do the math! LOL but honestly, it's crazy to see the actual numbers that some folks think is OK...... Mind boggling.

Paying above sticker price has to be one of the dumbest things car buyers have ever done.

@jamesweber4938

Ай бұрын

And houses bought over the asking price.

@freedomwtruth

Ай бұрын

People buy into the hype and forget about the real value of what they are buying. You're right, paying over sticker is just wasteful of your hard earned money.

@youdontknowme5969

Ай бұрын

"But I gotta have that shiny new car to impress people I don't know and will likely never see ever again in my life!" LOLOLOL These stupid idiots only keep feeding this dumpster fire. "Reap what you sow."

@leighcounry9956

Ай бұрын

Like home prices for the last 3 years.

@kennypowerz1267

Ай бұрын

You always pay over sticker price. Every time .

"First we overlook evil, Then we permit evil. Then we legalize evil. Then we promote evil. Then we celebrate evil. Then we persecute those who still call it evil." Fr. Dwight Longenecker “In the Last Days, Good will be called Evil and Evil will be called Good.” Are We There YET ?

@volksaddict

Ай бұрын

We are here!

We are in a depression, even the government won't admit it. The Red Lobster chain just declared bankruptcy today. People are broke.

@user-mt8zc8ww1y

Ай бұрын

Corporate America profits are at record highs

@marblox9300

Ай бұрын

I've been depressed for years. Never been to Red Lobber.

@bpb5541

Ай бұрын

Folks have no idea what is coming

@trompell0

28 күн бұрын

I'm excited for ragnarok. Are you? ​@@bpb5541

@nyleslehnen4751

26 күн бұрын

Yeap its fubar

I saw dealers scam people with horrible pricing and loans during covid. They deserve what they get.

@shanenice5380

Ай бұрын

They did that many years.backed 2012 got a vehicle.

@mustjustbe

28 күн бұрын

The dealership isn't going to hurt. The insurance companies that back these loans do.

@garykeith1048

26 күн бұрын

@@mustjustbe The banks that floor plan these Vehicles are going to hurt. They'll probably raise interest rates to cover their losses in floor planning cars for dealerships.

After the last 4 years of price increases, the auto market needs to be broken. They brought this on themselves.

@garyweber7139

Ай бұрын

It started to smell bad even further back.

@cudfoo1cudfoo247

Ай бұрын

Agree - this is the best thing that could happen. Idiots need to be washed out...

@mikeloeven

Ай бұрын

Agreed at some point the banks and their investors need to shut the fuck up and take the haircut with the rest of the country.

@KCBeck

Ай бұрын

@user-bi6dc8ol6q voting will fix it bad voting broke it

@user-sf7kl9uh7k

Ай бұрын

​@user-bi6dc8ol6qdon't be silly

That's why I pay cash....no payments, no interest..... just cash

@harrycallahan5112

27 күн бұрын

Exact Same here

@wturner777

26 күн бұрын

Bingo!

@Ohitsmyturn

24 күн бұрын

Interest isn't bad with a good interest rate. Nowadays it's ridiculous

@user-hp1bu6xr5b

24 күн бұрын

amen

@mattmiller6973

23 күн бұрын

Got that right!

I drive a 96 Toyota Corolla...no car payment. Insurance is $61 a month including collision. With gas being $1.60/L average its about $60 a week for gas. Parts are cheap. Easy to work on. Basic, yet boring reliable transportation. I have ZERO interest in ever having a new car or a high payment. I find it hard to have sympathy for people who complain they cant pay their rent or eat yet think they have $800+ for a stupid truck payment...

@csowner2048

29 күн бұрын

I agree, I’m saving up for next car purchase which is going to be an older Toyota Camry, and keep its maintenance up to date. I see it more than usual here in California there’s people who live in trailer homes yet they have a 2024 car in front 😆 I just laugh at people who are broke af but have a fancy car and zero savings 😆😆

@laurenurban3942

28 күн бұрын

I have an 11 year old Nissan Sentra with 101,000 miles….bought it new and I keep it well maintained. It’s never let me down. I’m going to drive it until the wheels come off, then I’ll buy new wheels. I looked at the price for a new one and there is no way.

@misterbanshee7992

25 күн бұрын

Those older Toyotas last forever lol

@tamarahines6975

19 күн бұрын

@@misterbanshee7992 yes they do!

@RaEscobar26

16 күн бұрын

I had the same car bought it for 450 had it for years drove over 350000 miles on it, survived so much till I let my gf drive it. I miss that car everyday

Instead of a financial crash, it feels more like a slow & stressful crushing of average consumers.

@mikesrandomvideos

Ай бұрын

true

@karlschauff7989

Ай бұрын

The Great Reset or as the UN calls it, Agenda 2030.

@AJGreen-cn8kk

Ай бұрын

Remember Joe Stalin said "you will own nothing and like it". Unfortunately, the bastard is winning.

@devonjardine9603

Ай бұрын

Wait until the people that own the debt begin to realize they have no money. 🤣

@davidallen2682

Ай бұрын

Bingo, it’s by design

This is why I drive a 24 YO car. Engine was shot, cheaper to replace the engine than buy a new car. Does not look pretty, don't care, don't have a car payment.

@mikesmith8445

Ай бұрын

Smart. !!!!

@davidbrayshaw3529

Ай бұрын

Sometimes it's cheaper to replace a car than to fix the one you've got, but there are a lot of variables. A new engine for a lot of cars costs the same as a few repayments for a lot of cars. I'd rather be facing the prospect of having to get a new engine than making another 40 repayments.

@paulfrantizek102

Ай бұрын

@@davidbrayshaw3529 People think putting a few grand into a used car is outrageous, but they'll pay +$500/month for years on end for a new vehicle. It's crazy, but some people have been conditioned to think that way.

@bolt4694

Ай бұрын

You sir are a wise man. Six years ago I bought a 2004 Explorer, 120,000 miles. Paid $8,000 cash. Three years later I had a trans overhaul and a new crate motor put in. Total apx $7500 in repairs. Paid cash. Total investment apx $16,000. Runs like new and is mechanically sound. Should last another ten years. Unless I decide to pay a thousand bucks a months for the next seven years. I can afford to buy new. But I refuse to be a slave to car payments.

@silverback8183

Ай бұрын

I hear you. We drive a 97 Ford explorer w 325k miles. A 2006 crown vic P71 w 212k miles and m son drives a 2006 Ford taurus w 85k miles. All run and drive like new plus paid are for. There is NO WAY I'd overpay for the poorly cheaply built cars of today. The big 3 hasn't built solid cars since the mid 90s!

Have always had difficult time understanding how average income workers can afford a $100k vehicle. Even $60k seems unreal. Watching the market for recent years really makes me want to stay away from purchasing any vehicle. Possibly market could use a hard reset .

@DoubleG7793

19 күн бұрын

They can't plain and simple 80% of the people out there driving fancy shit are car poor ha e nic3 wheels can't afford to eat

@jamesrogalski2085

5 күн бұрын

A - Men!!!

I make a lot of money and I would never buy a car at the current prices. The dealers won't come down even with a lot full of trucks. We even stopped going out to eat because it's just such a rip off.

@marblox9300

Ай бұрын

Same here - net worth over $900,000 and drive a 1993 Geo Prizm.

@csowner2048

29 күн бұрын

@@marblox9300 anybody can lie about their net worth online.

@BruceLee-xn3nn

28 күн бұрын

​@@marblox9300my dad bought my mom a brand new prism in 92. That was a great car that got in 3 wrecks but refused to die.

@rotart12arx3

28 күн бұрын

​@@marblox9300Net worth over 2 million and I enjoy driving an modern-day vehicle that is safe and loaded with features, fast, and under warranty, never had a payment over $350 a month.

@trompell0

28 күн бұрын

How does it feel to be a shabbos goy? Yes having someone make your food for you is such a scam. Lol you sound very greedy.

Some of US are NOT broke.........just not buying junk!

@reneeann5340

Ай бұрын

I knew this was the case when I saw two repo guys and they look like they were 14 years old.... not your typical Repo Man

@user-yj2xl9hp7z

Ай бұрын

Thank you 😊

@seth101-hv4st

Ай бұрын

I could afford payments on a $60,000 truck but why would I pay 60k for a truck??

@Jasona1976

Ай бұрын

Thank heavens my '24 Lesus ES is PAID FOR!!

@garyweber7139

Ай бұрын

The tech in today's cars is very undesirable to me , and the craplastic. I don't want to talk about it.

*The problem is buyers think it's okay to pay a mortgage payment on a vehicle. The automobile industry needs to fallout with no bailouts*

@empressmartin832

Ай бұрын

My mortgage payment is $512 and car payment is $522. I'm not mad at all.

@BillyBobDingledorf

Ай бұрын

Buyers also need a reality check. Today's consumers are lemmings. They'll pay whatever the market tells them to.

@Farcehole

Ай бұрын

Blame lessees that “need” a new car every 3 years. Higher demand=higher price

@JohnAdams-mu7xd

Ай бұрын

​@@empressmartin832great job fool make sure to lick the boot a little harder

@paulfrantizek102

Ай бұрын

I agree, but suspect Ford and GM will try to argue that EV mandates are a big reason for their ills (They aren't exactly wrong, but they hardly fought back and defended their industry). If Biden wins I look for a bailout in the name of 'Green energy investment'.

$3.66 for gas? Not in Washington state! $5 a gallon brother!😂

@nikkonikko6422

29 күн бұрын

$4.15 at Walmart by hwy 18 and 167

@pnojazz

29 күн бұрын

I’m don’t buy gas at Walmart but thx

@bennyjoson8092

24 күн бұрын

3.66 in Florida

@onlymeentertainment

23 күн бұрын

😮

@nikkonikko6422

11 күн бұрын

@@pnojazz you avoid Walmart? Why? I avoid arco BCS of quality of gas

But my TV says the economy has never been better!

@mariamoran3041

18 күн бұрын

😳

No wonder the car market is so messed up. $6100 for a crap car is nuts.

@External2737

Ай бұрын

A $7k reserve on a repo was insane.

@BajatheChickenMan

Ай бұрын

It's by design, soon you wont be able to afford to travel anywhere and we'll be tied to the land. We are speed running back to serfdom.

@andrewbetances1203

Ай бұрын

I saw that too. The car is scrap and they don't get it.

@kingming869

Ай бұрын

and they will turn around and sell it for 10k im sure.

@bengonzales1182

Ай бұрын

The wealthy in this country wanted this, for people who aren't wealthy to not be able to afford anything. They're trying to kill us.

My car is a 2010, my wife’s is a 2015, both paid for. Current plan is to drive them until we can’t.

@theoneandonlynophoney1864

Ай бұрын

I have a 2010 corolla lol

@da.retired

Ай бұрын

I have a 2010 Toyota Prius with very low mileage. I Love it and so does my local Toyota dealer because I take care of it. 😂

@crstldov

Ай бұрын

2008 corolla and still going strong, its cheaper to keep her!

@bpb5541

Ай бұрын

Same. I have no car payments. I am going to drive my cars until the wheels fall off too.

@theoneandonlynophoney1864

Ай бұрын

@@da.retired my Corolla was at 67k miles 4 years ago when I bought it

Too much money. Just Say No. Same with houses.

These dealerships should be put out of business, and the owners should be charged with felonies. I am done with stealerships. It is time for direct buying from manufacturers.

@gerrymchale8965

27 күн бұрын

Why is it the dealers fault that idiots are willing to pay over MSRP. It is the job of the consumer to protect his or her wallet.

@tgwoolshire

21 күн бұрын

What felony charges are you claiming? Quote the exact felony law they broke please.

@gringott12

19 күн бұрын

@@tgwoolshire You can't cheat an honest man.

Wow!!! A dodge charger with 350k miles on it? I'm actually impressed 😆.

@winstonsmith6204

Ай бұрын

Damn, where did they drive to? The moon?

@hottew_twat3963

Ай бұрын

youd be surprised stop listening to the sheep and Scotty kilmore any car will last if you take care of it and keep idiots and drunks away from them

@Txcowboy80

Ай бұрын

@@winstonsmith6204my money is on a drug transport car.

@karlschauff7989

Ай бұрын

It all comes down to maintenance and driving habits. Almost no vehicle can go 300k if it's constantly short-tripped or doesn't get oil changes often enough. Transmissions need to be serviced. Coolant needs to be changed every so often. Brake fluid should be changed. Differential fluid should be changed.

@nebraskamalt6949

Ай бұрын

I woulda bet no dodge on the planet would run 350,000 miles

It’s not gonna break just the car market buddy, rent is fucked, students loans are fucked, our countries debt is fucked and our money is almost worthless we are fucked, it’s not even funny how fucked we are.

@daytonaflorida2247

Ай бұрын

I don't like your foul language but you are correct. Try "screwed" next time. It goes down a little easier.

@layne7742

Ай бұрын

@@daytonaflorida2247 whatever makes you feel better bud doesn’t change a thing

@mattwict

Ай бұрын

I think you got your point across rather well. Lmao! 👍

@DrainDeSwamp

Ай бұрын

And FJB

@95Tanner

Ай бұрын

That's funny, though. The dollar is powerful everywhere else except where it's made lol

I remember back in the early 2000’s when I decided to be a mechanic. People would still fix their 10 year old cars and didn’t need to overpay for a brand new car to feel better about themselves

@trompell0

28 күн бұрын

Welcome to United States of Cope where brain rot and narcissism from social media and phones has ruined a species.

This is an extremely bright and knowledgeable content producer! His understanding of his market is clear and concise. In addition his knowledge of Macroeconomics, the US consumer, and the general banking/business cycle is spot on. People would be well advised to listen closely when he speaks. We appreciate the fine work you do so please keep bringing us all this wonderful content!!!

if i was paid 5 cents for every time Brandon said repo, i would be able to buy a brand new toyota sienna.

@geepark9075

Ай бұрын

XLE trim and up

@FrankyRedEyes

Ай бұрын

lol especially since he's made this exact same video like 35 different times. 😂

@3120DownForce

Ай бұрын

If I could be paid 42 cents every time he said stellantis, I could buy a 2023 McLaren 720s

@montana-road-kill-harvest

Ай бұрын

good choice. minivans are awesome

@stevep927

Ай бұрын

How about when people buy a car that is "fully loaded" . It's only special when you buy it. Not when you sell it

Even if I knew that I was going to lose my vehicle and it was getting repossessed I would still take care of it. But that’s just me.

@user-xh2yg4uv9q

Ай бұрын

The problem is the last person didn't take care of it.

@user-xk4vt9ye8j

Ай бұрын

Yep, because in the end you will still owe the difference between what they get at auction and the balance of the loan.

@raymondreiff8170

Ай бұрын

Right but First You also pay your bills.😁

@adam1885282

Ай бұрын

You should because you still owe the balance on the loan, the more it sells for the better for you

@shou635

Ай бұрын

Few have honor these days.

I've been watching the channel for about a year and many times you talk about. The call market is about to crash. Car prices are still high as hell when is the car market going to crash.

I worked for a recovery agent / repo man in the past. The agent I worked for had a conscience. Most Important thing to remember if your in trouble with a car or house. Keep up on the maintenance. The company I worked for had a ONE CHANCE ONLY cash for keys and title deal. If the car was peacefully surrendered and the car was not trashed. It was usually between 20-50 bucks; not allot but it made our job easier. We would also clean it up and deliver the car to the higher selling auctions to hopefully help the buyer. A voluntary surrender to the bank or repo company is allot cheaper than forcing the repo man to chase your car down or foreclosure. The "You're not getting my car" dickheads we dropped it at the first available budget auction as is. The cost of the repo companies time, energy, and resources are added to the balance you owe. Also remember that if the cost of the property and expenses exceed what the car sells for the buyer is still on the hook for that money.

@marblox9300

Ай бұрын

Yea, so they owe all that money and still never pay. Somehow they still get approved for another car loan.

@rjbenchs5399

23 күн бұрын

If they can’t afford the car payment anymore the company is never going to see that money. Right now it is what it is, it’s very expensive just to keep a roof over their head and food on the table.

@marblox9300

23 күн бұрын

@@rjbenchs5399 Yes, it is very expensive when you keep food on the table. It just rots after a while. It is much more cost effective when you put that food in your stomach.

4 years ago everybody told me whatever you do don't buy a new car with a big car payment you will regret it. So I didn't😊

@daMillenialTrucker

Ай бұрын

F J B AND HIS HIGH INTEREST RATES

@daMillenialTrucker

Ай бұрын

tHe EcOnOmY iS dOiNg gReAt - Boomer Biden

@diegoharo7943

Ай бұрын

@@daMillenialTruckerlol it’s the the big F which acts independently depending on how good or bad the economy is doing

@andrew8168

Ай бұрын

​@@daMillenialTruckerI dont like Pres House Plant but he doesn't get a say on interest rates. The Federal Reserve, that isn't federal and has no reserves, sets interest rates. They devalue our money by printing more then they loan it to us at interest. Hence how the controlling family is worth $500 trillion as they do that everywhere except Iran and North Korea.

@diegoharo7943

Ай бұрын

@@daMillenialTruckerthe real problem are Americans who always spend more than what they have. The more money Americans make the more they spend

I think the problem a lot of the time is vanity. People want to show off in ways and make themselves seem successful. They’d rather have new crappy unreliable cars, rather than good cheap reliable ones. People’s priorities are messed up.

@user-is4ss2hh4k

25 күн бұрын

You are spot on… So called friends made fun of me being so cheap. Not cheap… just frugal! I keep reminding them ….now that I retired at 60 and they are still working, struggling and very unhappy in very high debt!! Hopefully they will figure it out …..

@Aaron.M88

23 күн бұрын

Exactly people all over just want to be seen

Years ago, I talked to a black guy driving a laid out Caddy, while his house looked like a shack. I asked him, 'why are you driving and expensive car and not taking care of your house?" His reply, " I can sleep in my car, I can't drive my house."

@mschrimmer631

4 күн бұрын

must be the smartest black guy ever!

My heart breaks for that poor old Rav4..it was probably mint before the last owners.

The scary thing is that if your car is repo'd, it doesnt absolve you of your debt. It pays down your debt a little bit, but you still owe the remaining balance of the original loan. These people that damage their cars before repo are only hurting themselves.

@wayneburch3775

Ай бұрын

Hope so

@DaveEPie

Ай бұрын

Bankruptcy court will dissolve the debt.

@Joe-ku1ko

Ай бұрын

@@DaveEPie Bankruptcy court will also absolve the borrower of their come or other valuable assets.

@donc6781

Ай бұрын

It will go to collections and they’ll be happy to get .25 on a dollar

@Joe-ku1ko

Ай бұрын

@@donc6781 Depends on what the borrower has, right? If the borrower has a job, they might be able to garnish wages or seize assets, or they might settle out of court for pennies on the dollar like you mentioned.

The dealership lobby did this to themselves. If the auto industry gets another bailout I'll riot.

@NoDaysOff-oz2zl

Ай бұрын

Those cars are parked next to each other, so it'll be a quick riot.

@renewashington791

Ай бұрын

😂😂😂😂😂

@sirdrip1313

Ай бұрын

And literally nothing will happen. Clean your room bucko

@bpb5541

Ай бұрын

And lobbying ... just like politiicans buying or selling stocks should be illegal. It causes corruption.

My favorite part is the "words are hard" at the end...

Thanks for a great video. Wow! Dealerships are getting Repo-ed. That is news. Carry On Sir!

Can’t wait to get myself a new charger and finance it at 22.8% for 91 months.

@youdontknowme5969

Ай бұрын

😏

@eldoradoboy

Ай бұрын

thats the other thibng happening... banks ofering loans up to 84 months! 91 is probably a reality too!! so it means it takes longer for that consumer to get whole in that loan .. the banks do this at the oressur of dealerships and manufacturers.. banks give kickbacks to dealers on customers sent their way.. esp A and B credit customers..

@Lovesausage269

Ай бұрын

@@eldoradoboy lol when I got a car they were like you can pick from all these loans, basically 12-84 months with different rates. The next one I got I liked the local bank so much from the first one I’d switched to them and just went in with a loan for the exact amount I was willing to pay for the car. I drove a hard bargain and they gave me a 200k mile extended warranty free maintenance for the first 36,000 miles.. basically 2 years and I was paying 5k less than they had it priced at lol. I’m not sure why people think they can’t walk away from the dealer, it doesn’t matter what monthly payment you can afford, it matters how much of your money you’re willing to spend. I told my sister the same thing when she was looking for a house and the bank pulled the “you can afford this much” routine… can you? The bank is happy to give you just enough money to spend 30 years going to work just to pay them back and if you get injured or sick and can’t they’ll be happy to take it back and resell it for the new higher value. Or you can get a decent house and pay it off in 10 years and then if you have to work at a gas station and pay your utilities ect. The whole “you can afford” mentality is what is making people wealthy poor, you have a nice house and car aren’t people impressed, but if you get injured and can’t work for 2 months you lose everything, but isn’t my house big?

@johantrenier1685

Ай бұрын

Cradle to grave. 😊

@marblox9300

Ай бұрын

Just Say No.

Who would have thought a system built on debt, greed , and corruption would fail .......

@martinellis7156

Ай бұрын

..the schools are geared to making kids NOT think, except about TikTok, trans-whatevers and war protests. Ignorance is bliss, right?

@Ridendrty

Ай бұрын

The car market is not failing it is working as designed. The market maximized profit and when those profits became unsustainable the prices begin to drop to find the new optimal price for the current market then it will repeat. Don’t confuse up and down cycles with failure.

@diegoharo7943

Ай бұрын

It’s worked for the US for decades, ironically that’s literally how you build wealth

@IneptSystem

Ай бұрын

@@diegoharo7943 It's worked for corporations for decades....the consumer has been losing for decades. If it was working we wouldn't be a nation in debt.

@Jacob-qc8lt

Ай бұрын

​@@Ridendrtyyou don't even believe what you are saying, ha.

Yo, back in the early 2000s, my brother and his wife were all about those Cadillac cars. They got them from Gmac, both his and hers. But guess what? They stopped paying the note, and Gmac locked both cars right there in their driveway! LMAO, it was hilarious! 😂

Great Video! Thank you 🔥👏💪🫶

Times are so bad that Im thinking about letting them repo my Jeep and I dont even have a loan on it

@bryantdarris

Ай бұрын

😂

@reneeann5340

Ай бұрын

Cost of ownership...

@reneeann5340

Ай бұрын

@@loumason6120 record corporate profits, don't let them fool you

@zeroch1ll911

Ай бұрын

​​​@@loumason6120this has nothing to do with who the president is. During the pandemic the auto industry made a boat load of money. Now that money is more expensive(interest). They dont want to adjust in the opposite direction. They would rather let the economy crash than adjust to the economy. These automotive dealers have been the same through all these presidents. Presidents cant control gas prices either, thats another thing our political system uses to get you to beleive a lie.

@timsimon6595

Ай бұрын

​@loumason6120, well, enlighten us, please ?

Notice, there are very few practical cars on that Repo lot. Not so many Toyota, Honda, Hyundai sedans, and basic SUVs. The cars here are the flashy, performance, and status vehicles.

@youdontknowme5969

Ай бұрын

Stupid people buy stupid cars that they shouldn't 🤣

@snowrocket

Ай бұрын

Yes, largely (formerly) driven by stupid people for whom "style over substance" is a lifestyle. These are people to stay away from, because they make bad decisions and will likely drag you down.

@dagsterblaster4973

23 күн бұрын

These are cars bought by the spoiled brats that live at home with mommy and daddy and don't pay rent/grocery/utilities..so they blew their entire wad on some flashy ride.

@georgeditzel3504

23 күн бұрын

I think I’ve seen some of these in law enforcement chase videos.

As a long time landlord I have always taken a back seat to car payments, car repair. People pay for their car first, you would think housing should be number 1, not so. So if they are not paying for their cars, evictions are going to go thru the roof.

@user-mt8zc8ww1y

Ай бұрын

Outlaw evictions and make h.u.d. housing vouchers MANDATORY FOR ALL LANDLORDS

@KashMoney1073

Ай бұрын

I can sleep in my car.. Fuck that house

@marblox9300

Ай бұрын

Landlords are scumbags. It's True.!!!

Brandon, Always informative when watching your videos--really good market info and what the "real" market is doing. Keep up the good work. With the changes happening in the economy, it's gonna get real, "real" fast!

This one's gonna hurt the banks -- they loan out $60,000 on a F150 -- dude can't make pymts after 9 months, does'nt take care of the truck, and by month 12 it's repo'd .. nobody did any oil changes, the inside is stained everywhere, and one day he gets mad, takes a hammer to the door .. and it finally gets repo'd and sells for $20,000 at auction -- the bank loses $40 grand.

@justinbooth5056

Ай бұрын

don't believe this, they're writing bad loans as fast as they can since they know the economy is done for too - you're just the wrong color, they're only giving them to WEF approved genders and races

@michael589m

Ай бұрын

A lot of banks don’t actually hold these loans on their books. They sell them as soon as the costumer signs. They function similar to any other fix income or bond product. The bank is just acting as a broker. But yes someone at some point is going to be holding the bag.

@nickpapagiorgio2253

Ай бұрын

@@michael589m Sounds like the housing crisis of 2008

@richardgomez7840

Ай бұрын

Correction: The banks never “lose”, we do

@user-sp4gy7ko5l

Ай бұрын

That 40k was just numbers on a screen. That 40K did in fact not exist to begin with.

Summer 1982 I was doing repo for Ford Motor Credit. I was punched by a deadbeat and had a gun pulled on me. No way!!!! I’m Done.

@freedomwtruth

Ай бұрын

Can be a tough job. I was an agent for 3 years. Saw two guns but no real threats. Strangely enough I did get tips and even a boxer puppy. But still a dangerous job.

@huh4233

Ай бұрын

The late 90's I worked as a field network tech. All car maker branded credit offices I was dispatched to for service calls were locked down. You had to have a good reason to even walk in the front door of their office space.

@TheeGlocktopus

Ай бұрын

@@freedomwtruth Boxers are the best dogs.

@markpashia7067

Ай бұрын

Had an uncle who did repos in the early 1960s grab a neighbor's car and had the back window shot out as he was driving away. This has always been a dangerous job. He always wore bullet proof vest and laid down on the front seat peeking over the dash once the engine started. Just saying. PS the neighbor moved real soon after shooting at a relative of ours.

@jamesrecknor6752

Ай бұрын

1982, severe recession in our state. I was helping a repo man, for $20 a car. Until a owner came at us with a large knife. LOL

The repo man must feel extreme jubilation when he’s about to repo the dealership, the feeling of accomplishments and present the paper to the management and whatever pleasantries are exchanged the repo man has a very satisfying job

Never been so glad to have my paid off putter Camry. 103k miles, 9 years old, maintained meticulously, 31 mpg, 1 owner... me! This stuff gives me ammo to push back because "someone" wants a newer truck and that's not happening anytime soon, thank you so much!!!

No car payment life is good

@oneofthoseguys2019

26 күн бұрын

Specially if you live in your car

@wturner777

26 күн бұрын

No, not just good, AMAZING!!!

@Connor4x4

25 күн бұрын

Glad I don't have payments either

The average American should NOT be buying Chargers or Challengers or Rubicons. Period.,

@gregoryschmidt1233

Ай бұрын

Toys for people with more $$ than brains.

@donc6781

Ай бұрын

Actually the average owner of a Rubicon makes well over 100k a year.

@MichaelOliver-ry7fj

Ай бұрын

YES! Most deserve a Yugo!

@BillyBobDingledorf

Ай бұрын

@@donc6781 100K per year isn't what it used to be.

@EARTHSOUL_Asm

Ай бұрын

@@BillyBobDingledorfstfu yes it is 😂median household income is 72k 100k is doing well above average for an entire household!!

My neighbor down the street was a repo man he was kind and loved my corgi, he got shot doing the job, dangerous:(

Mane you hit the nail on the head with this info. You are speaking facts. 🔊

You thing it's bad now? Wait until the holidays hit. I used to do repo's, Christmas time was always busy.

@user-mt8zc8ww1y

Ай бұрын

Funny thing is my finance company is out looking for a vehicle SITTING ON THEIR LOT....I took it back to them and they don't believe me (I got pics and witness)

@xoxoyourcloset9477

Ай бұрын

@@user-mt8zc8ww1yoh wow, that’s insane lol

I have not made a car payment in 8 years. No one is going to repo my Toyota Yaris

@LOUCABRASI

Ай бұрын

​​@MundaneMike03 just got one last week, me and my girl both have 2015 audis. Figured I'd get a commuter car. Its a 2007 with 207k miles and still drives great. Love these little things

@Ryan125y

Ай бұрын

@@MundaneMike03 it just keeps going. Through the clear coat could use a bit of restoration

@michaelm3381

28 күн бұрын

If you don't pay, they will repo it. Be a man and pay your bills.

@davidr7819

10 күн бұрын

On my fourth Yaris. No problems. Ever! ❤

Always pay cash no stress, life is good.

Nobody smart would buy a vehicle that would repo itself or lock you out 😂

@garyweber7139

Ай бұрын

Sadly there are way too many stupid people the would.

@bobhotchkiss2438

Ай бұрын

Yeah, ...I don't think I'll be paying for the privelege of owning a car that has that capability.

@chrismay2298

Ай бұрын

They certainly will. It will be built into every new car.

@External2737

Ай бұрын

They will sell. This will be standard.

@dondgc2298

Ай бұрын

@@chrismay2298it’s more often added to used cars that are financed to people with very poor credit. The alternative is not getting financed (for the buyer) or possibly not getting paid (for the finance company).

Hey Buddy, you're a good Joe. Like your flick, keep up the good work!

Great information. Thank you

The destruction of the middle-class is in full swing. Think of how many auto sales people have been let go. The banks firing thousands of people was another sign that people are broke. Buy a ton of beans 🫘 and rice 🍚, and learn how to store them and cook and spice them, because it is the cheapest survival food out there and our finances are imploding.

@mikesrandomvideos

Ай бұрын

you should see how they are cutting out their sign program people. It is pathetic.

@bryonwatkins1432

Ай бұрын

It’s been full swing since the early to mid-2000’s!!!!

@johnelder4273

Ай бұрын

This economy is like a train wreck in slow motion. Vote Trump 2024 because Bidennomics is killing the middle class.

@therealthreadkilla

Ай бұрын

@@bryonwatkins1432 "The destruction of the middle-class is in full swing" Byron nailed it, my entire industry was gutted and shipped to China starting in 2000, and complete by 2012. Now I just get the scraps and In 10 years the US is going to have a serious skills gap in basic tooling and die production. I made the same money I did last year as I did in 1997.

@ScottishTerrorsInLA

Ай бұрын

@@therealthreadkilla In 10 years? Boeing workers can’t seem to manufacture a plane that doesn’t come apart at important times when it’s not supposed to.

50 grand for a truck that’s crazy.

@Rjisawake

Ай бұрын

We need to see 20k per truck

@karlschauff7989

Ай бұрын

@@Rjisawake Never going to happen. You'll see a pig with wings before you see a real truck at $20k new.

@Shhhoooooo

Ай бұрын

Bro... More like 100000$ or 120,000$.... It's disgusting

@Shhhoooooo

Ай бұрын

​@@karlschauff7989apparently Toyota came out with a 15,000$ truck.

@Shhhoooooo

Ай бұрын

We need stripped down vehicles that have enough to drive and you can buy aftermarket year by year.

Nothing more refreshing of reminder of fabulous inflation every three days. Keep it up dude! 😍

Breaking news! Boulder CO has a Nissan dealership doing "Buy one, get one free!". No joke go look!

@theartistcherrypi6454

26 күн бұрын

Wow!

@kristie8833

24 күн бұрын

Wow!! Seriously??

ONE of the main factors is people not being financially responsible. If you make say 45K /year, why the hell are you buying a 50-70K car/truck? Many Americans, esp. younger people, have to have that vehicles as a status. God forbid if you buy a solid used car for 15K OR LESS until yu get to the point of managing finances and increasing your income as you progress in career. You just have to impress everyone with with car that costs 3 times your annual income and that is not even including interest and insurance. Yes, I do shift some responsibility on lenders with these stupid loans, what up to 8 years now at 10% plus interest rates? And as soon as the title in registered it is now a used car and losses what 10-15% of "values" instantly and only gets worse in less than 3 years its losses nearly 30%. But, hey, at least you look cool and can impress people at work and your neighbors for about a week. People are financially illiterate and the lenders know this. Its a sad state of affairs.

@mikesmith8445

Ай бұрын

That old saying " live within your means and not your dreams "

@snowrocket

Ай бұрын

"Buy a solid used car for $15K". How about getting realistic and buying a good used car for $8,000-10,000? PAY a good mechanic to help you find a good, reliable used car THAT YOU CAN ACTUALLY AFFORD! You'll have a good transportation value, can afford the insurance, fuel, and maintenance, and have some piece of mind.

@dunky7157

Ай бұрын

I am 33 and have been driving the same Toyota since I was 16 it has almost 300k miles on it I will NEVER have a car payment Eff that. I could care less about fancy new cars.

@snowrocket

Ай бұрын

@@dunky7157 I've heard Dave Ramsey say something like, "the new status symbol is the paid off car and high credit score". You are valuing and doing the right thing. An affordable car leaves you with money for other things AND having some peace of mind. I LOVE cars, but the best one is the one I can afford. I'm gonna keep rolling with the 2011 Altima for a little bit more.

@graceandpanic9281

Ай бұрын

I make a $120,000/yr and live in a shoebox of a condo and drive a 2019 Ioniq paid off. I’ve often wondered how in the hell do I make more than average but drive not so great of a car compared to what I see others driving. Now I know! I’m not in debt up to my eyeballs like many others keeping up with the Jones’s.

A muscle car that turned into a gettho ride

@DeAndreEllison

Ай бұрын

why not a trailer park trash ride?

@ER-ot4hw

Ай бұрын

Just like trailer trash driving Raptors they can't afford and don't use properly.

@ER-ot4hw

Ай бұрын

​@user-bi6dc8ol6q Cowardly keyboard warrior that's you.

@user-ys4lb7rq5q

Ай бұрын

@@DeAndreEllison Jo Sooke

@nikkonikko6422

29 күн бұрын

Hey! Black people also live in trailer parks, so don't go throwing that "trailer trash" slur around!

I am going to pray that you and your family will be ok during these times. I know your livlihood depends on this market.

From Australia watching you videos I am of the opinion that there is a basic issue that has led to this problem. Firstly the supply issue after Covid and the dealer making hay by adding mark ups when they have a vehicle people want. The next is the issue of a person desperately wanting that particular car and would sign up for any amount to be able to get the vehicle. Two winners so far and that is the dealer's greed and then banks happy to give the applicant any amount to buy the vehicle. We then come to the cost of living which is a world wide problem now and so as you say, people can't afford their payments. Because supply has increased, the price paid for the vehicle is greater than its value and the dealer has money invested in it which now can't be recovered from the trade in price given to the consumer. I have no sympathy for car dealers as they ripped off the consumer and now as the old saying goes - the biter bit.

@fibonaccisequence2891

Ай бұрын

You guys still in lock down in Australia?! 😂😮🥴

@johnhenry3536

Ай бұрын

The short version is called "greed". Buyer, dealers, banks. Everyone playing the greed game. Don't be a victim. Pay cash - or don't buy it. Take some personal responsibility. Nobody "put you into debt" - you did that to yourself.

@gordonclark7632

Ай бұрын

@@fibonaccisequence2891 No. Finished about 18 months to two years ago. Only thing is the suppliers always claiming shortage of stock so price is higher. Just like America

@gordonclark7632

Ай бұрын

@@johnhenry3536 My thoughts exactly. I save and then when I have enough, I go to the dealer with cash! No finance needed.

@tgwoolshire

21 күн бұрын

I find it comical that people claim the dealers screwed them, yet they signed the deal. Victimanazation at its finest. 😂

Money does NOT equal brains.

@someoneout-there2165

Ай бұрын

No joke

@jerrylundegaard2592

Ай бұрын

You are right. Trump proves that every day.

@bpb5541

Ай бұрын

But money does give someone choices !!! Look at Trump he is about as stupid as you can be but since his Daddy was crazy rich... he has had a lot of choices. Some of those choices were horrible for Americans, even if they don't realize it yet.

You know exactly who was driving all of those Challengers and Chargers 😂😂😂

@ER-ot4hw

Ай бұрын

And you know exactly who was driving all those Raptors they couldn't afford 😂😂

@Lifeisshortby

Ай бұрын

@@ER-ot4hwyou both have a good point

@BR-gz3cv

Ай бұрын

Yep- the Dodge customer profile. Couldn’t imagine what a used one is like…

@johnb4183

Ай бұрын

WHO ?

@82stuntman

Ай бұрын

Equity in full swing

At 8:30 in @Car Questions Answered , depending on the jurisdiction, some cities, towns have required that you notify them before repo for decades. Ex asset recovery agent here, I had a binder with all the town’s requirements listed. We had to look up that town and go by what our sheet said. You had to notify law enforcement whether it be before or after, sometimes both when you went into their jurisdiction.

Energy is coming with a 10/10 in the first 2 min! r/t Repo today, repo tomorrow! imma watch the whole video now.

My wife and I both stopped making our payments. We now have 2 clear titles in hand.

@ambivertical

Ай бұрын

Contrats

@ScottishTerrorsInLA

Ай бұрын

I think im gonna stop making mine too. In 5 years. Hopefully sooner though for real

@ambivertical

Ай бұрын

@@ScottishTerrorsInLA keeping pushing my guy. Glad ur handling it like a man.

@cavalieroutdoors6036

Ай бұрын

​@@ScottishTerrorsInLApay more than the payment owed and it can be chipped down faster. That's how I did it 2 years early.

@marblox9300

Ай бұрын

Oh, you so funny.

Stop paying monthly. Buy a cheap car on marketplace outright and make monthly payments to a savings account. when you save up to the amount you paid for that first car, then sell your junker and buy a better car. Rinse and repeat until you have a nice car. This is what Dave Ramsay recommends

Good video! More please!

well told, it was interesting ))

See a repo Lot here IN CA, Lots of KIA, Hyundai, Ram, Jeep, Dodge, Not a Single Toyota

@seandp85

Ай бұрын

@@Pb_SlingerToyota has also gotten greedy 76-80 for a tundra capstone smh

I saw a KZread Van Lifer video where this young dude was living in an expensive white pickup truck with the back seats taken out by him in order to build a bed platform in place. He had people he met on the road....sign their name one this vehicle like it was paid for...but eventually a few videos latter, a tow truck pulled into Walmart parking lot where he was camped out and repossessed that truck, but needless to say, this dude named BigNugget ( his KZread channel) wasn't the least bit surprised because he stopped making payments a while back. That truck was definitely damaged goods. 😂

@mikesrandomvideos

Ай бұрын

sounds like a young liberals dream.....Must have been from CA.

@Buckaroo1971

Ай бұрын

Sounds like a guy who was sick of the BS and decided to make a point. It's not a conservative/liberal thing. It's about the ruling class and the working class. Which one you are a part of really makes a difference in how you see it.

@R0CKtheR3D

Ай бұрын

Sound like he knew they were coming for it eventually and wanted to leave them with a mess on purpose.

@R0CKtheR3D

Ай бұрын

@@Buckaroo1971Or you could just buy a vehicle you can afford. Hes in a 1200 van now, why didnt he just do that from the start? Now its the banks problem, and that burden goes to the rest of us in the form of higher APRs and more fees. Things like this are the reason APRs are in the mid 30 percents.

@edubbs3528

Ай бұрын

@@R0CKtheR3D and the bank CEOs and managers never take a financial bath (this is adding to, not disagreeing with, your comment). Funny how that works...

This man is speaking truth reality.

Good Video : Tks. much.

Part of the problem is with dealers pushing people into cars they can’t afford, especially using the monthly payment scheme. Buyer also need to do a reality check check on what they can really afford.

@bills6093

Ай бұрын

They were pushed? Like the college folks? Well then, they should be bailed out, too. After all, they also didn't know what they were signing, right?

@JogBird

Ай бұрын

i never understood the focus on monthly payments.. i look at the price and amount of interest paid for financing, its its absurd then it doesnt make sense

@erics7226

Ай бұрын

Buyers need to be realistic. It's not the dealers fault that they make poor decisions.

@dagsterblaster4973

23 күн бұрын

@@bills6093 amen

Pretty simple, don't buy what you can't afford.

@BS-vr6gz

Ай бұрын

Word!

@garynicol4852

Ай бұрын

Then some people won't have a car ,and can't work,the big 3 are out of touch, no more blood from the average working man gone!

@clarkmessec7580

Ай бұрын

Don't expect the future to be better with Democrats

@wwrye929

Ай бұрын

You saying car dealer can't afford cars to sell the sould not buy cars to sell

@diegoharo7943

Ай бұрын

@@garynicol4852lol people could buy a cars in low to mid 20k but people want a sports or “luxury” car.

I remember a couple years ago I kept seeing videos from dealerships asking the employees what their payments were. It was like they were trying to normalize the idea of a $1000 car payment.

Very informative video. Fourteen minutes well spent watching it.

It's called instant gratification. Nobody can save up to buy anything They have to go out and get instant gratification

@trompell0

28 күн бұрын

This is why usury and God's "chosen people "were expelled from Europe over and over

@wturner777

26 күн бұрын

Buy Now Pay Later = instant gratification. Sadly that’s the world we live in.

Year after year americans bought too expensive cars (big, strong, dealer markup). Now they notice, that spending half your income on a car payment is often not sustainable.

@seth101-hv4st

Ай бұрын

But it feels good driving it off the lot.

@sebastianbothe1228

Ай бұрын

@@seth101-hv4st and it is good for impressing underage Girls

@freedomwtruth

Ай бұрын

​@@seth101-hv4st lol!

Waiting to buy a Honda Pilot for my wife. Inventory is hitting 40-50 days locally here in upstate NY. Prices have dropped about 3k in 4 months. As inventory builds, prices will be way better by the end of the summer.

Love the videos man keep it up! But I think a lot of the repo issues is affecting the $25k+ vehicles. I’m in the $18k and down and the majority of my accounts are preforming, you’ll never have 100% performance as ppl go into hardships, loss of pay, medical expenses etc… just my 2 cents. As for starter interrupters, that will really vary from state to state. For example here in NJ it is against the law to install starter interrupters on vehicles so BMW, Tesla and if Ford rolls out this program, it won’t be in effect in every state.

Inflation is the problem and govt is to blame for inflation

@user-mt8zc8ww1y

Ай бұрын

People quit paying their car loan so they could afford to have grub hub deliver McD

I saw an ad in a local facebook group in my area. The dealer wanted $130k for a RAM TRX truck. Needless to say, they got roasted in the comments. People have to stop buying new cars. Enough is enough. Stop paying these outrageous prizes. Shame on the government for pushing banks to put out all these predatory loans. Shame on banks for going along with the loan scams.

@Nate-vf2js

Ай бұрын

Wait till trump gets back in office you haven’t seen nothing yet

@drmodestoesq

Ай бұрын

You think the government is pushing banks to make these predatory loans? How?

Great video

So sticking with my bicycle and Corolla transportation combination for a family of 5 has meant our transportation costs have not increased at all . Don’t even care about gas prices . If you worry about gas prices your went to far in debt for a vehicle you can’t afford .

I told this channel before, I was forced to let my car get repoed. I did a voluntary return and what they got back was a very well maintained, very clean, easy to resell car without the mega interest loan.

@chrismay2298

Ай бұрын

And then....?

@rideshareog

Ай бұрын

@@chrismay2298 I bought a 94 Honda Accord with 230K for $500 bucks and after fixing a few things have AC equipped anti road rage machine. FAFO

@josephcarioggia9506

Ай бұрын

Are they suing you for the difference. I would love to give my Mitsubishi back, but I have good credit and decent job.

@rideshareog

Ай бұрын

@@josephcarioggia9506 The rules regarding a voluntary return differ than repo. I still owe, they're barred from litigation.

@ecosme1970

Ай бұрын

I had a similar situation when I had to leave my job due to medical reasons. I took my car to Carmax and sold it to them at a great price. Good thing i bought it with 20% sown so i wasnt upside down on it. They paid off my note. Even if your upside down your bettet off selling it to them.or whoever and pay tbe difference. Get a small loan or borrow somehow to get out of the car loan.

He’s right…I’ve been seeing this coming for a longtime. Brandon is just confirming that. Just the beginning folks….just the beginning.

@diegoharo7943

Ай бұрын

There were literally more repos in 2017, 2018, and 2019.

@justinbooth5056

Ай бұрын

By design, they never planned on Joe winning a second term - they also never planned on him refusing to leave either. In the end Trump is only path forward for the war Israel wants so he will leave, one way or another.

You Forgot to Mention these Debtors were not Qualified to get these Vehicle loans in the First Place. Having a Down Payment should not be the only Prerequisite for getting a Loan.

I love your channel.

It's like black comedian Nipsey Russell said about buying Cadillacs on credit, "We don't own 'em long, but we own 'em first."

@ConfusedIceberg-vd7qc

Ай бұрын

Very impressive attention to detail you have with the “black comedian” adjective. Does it matter? Jesus Christ

@IndyDefense

Ай бұрын

@@ConfusedIceberg-vd7qc It's TRUE for the most part. Black people will be the first to tell you. But white guys are equally associated with these Doge Chargers and F150s

@BillyBobDingledorf

Ай бұрын

@@ConfusedIceberg-vd7qc Over the last 15 years, we've been taught to always pay attention to skin color. The powers that be want us to believe that's somehow better than not caring about skin color.

@BeautyLoveHair

Ай бұрын

Fun fact! ​@@ConfusedIceberg-vd7qc

@nikkonikko6422

29 күн бұрын

Confused icerberg you have something against black people? You don't want him to give credit where credit is due?

Ive got a 2007 Toyota Matrix for 17 yrs at 256k now. And my car is still kicking strong! I'm so glad I've got no car payments, esp in today's inflation

Repos in my state have always had to notify police. So when the car gets reported stolen you just look at the repo list and boom "crime" solved.

It is the same thing as Housing. Banks and Loan companies use predatory lending practices. Reason bankruptcy and foreclosures where everywhere in the 90's, early 2000's. Round 2 now days.

I bought a new truck in 79. At 15% interest. The truck was $4300 and the payment was $143 a month for 42 months.

@williamwilson6499

Ай бұрын

That's around $650 in today's dollar.

@jamesrecknor6752

Ай бұрын

I was shocked that a new 78 Chrysler Le Baron with all the options would be about $9,000.

People with money in the bank and investments tend to drive older, plainer cars. They know they have money and have nothing to prove. The inverse for people without money in the bank and investments.

@jerrylundegaard2592

Ай бұрын

I know many people with money in the bank and a healthy 401K. We drive BMW, Audi, Lexus. It is incorrect people with money drive older, plainer cars. But if thinking that makes you feel better, go for it.

@marblox9300

Ай бұрын

My Net Worth - over $900,000 and my daily driver is 1993 Geo Prizm.

@jerrylundegaard2592

Ай бұрын

@@marblox9300 Whoopie.