Re:Bank Run at Silicon Valley Bank
by s1artibartfast on Thursday March 09, 2023 @06:31PM
(#35088391)
Owners typically have skin in the game now as those that provide a loan.
There's a reason that people don't save up the purchase price of a home in order to buy it. They are willing to pay a serious premium in terms of Interest so that they can have a home today instead of waiting 15 years for 30 years in order to purchase a property.
If you want a car to get to a job and make money, you want it now, and are willing to pay more later. Without the car, you wont be able to work and save.
There's a reason that people don't save up the purchase price of a home in order to buy it. They are willing to pay a serious premium in terms of Interest so that they can have a home today instead of waiting 15 years for 30 years in order to purchase a property.
If you want a car to get to a job and make money, you want it now, and are willing to pay more later. Without the car, you wont be able to work and save.