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A comment on It’s mostly a demand shock, not a supply shock, and it’s everywhere. Parent comment

Re:It’s mostly a demand shock, not a supply shock, and it’s ... by _3u10 on Tuesday November 09, 2021 @05:49AM (#29160008)
umm... this is kind of the purpose of banks... get car now, enjoy car now, pay 3%, inflation is 5%. If you buy the car cash you pay more, and get it later.

Lets take a C8 Stringray @ $100K, if you buy it today, it will cost $107K over 5 years. In five years it will cost you $128K.

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Re:It’s mostly a demand shock, not a supply shock, and it’s ... by nitrogen on Tuesday November 09, 2021 @01:48PM (#29165691)
No bank will let you go on a $500k spending binge when you've never had more than $5k in your account. And no amount of averaging over a lifetime will make up for the fact that rent is due now.
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