> people are far less likely to default on a car rather than a home because in suburban America, you need your car to keep your job, regardless of where you live

Also, it's a lot harder to repossess a home (i.e. foreclose) than it is to repo a car. Although, some of these advance repo methods are coming under closer scrutiny.

https://www.bloomberg.com/news/articles/2017-03-06/another-a...