Texas and Wyoming lol not only do they buy vanity trucks but you have to drive at least 30 min to go anywhere. Paying 10 mpg and creating your society as spread out as possible, just to own the libs.
Have to assume that its for 2+ cars because 28% of Texas definitely ain't driving around in luxury vehicles... although I guess these big ass trucks really are up there in price these days... But still...
That doesnโt make it any more sensible the benefit of two car payments is that cars last long enough so you can stagger them and never need to make two payments
Reminds me of when a dude I knew was posting on Facebook how gas prices were too high and filling up his two new Cadillac Escalades was getting way too expensive because of Obamacare or something.
I'm in the process of purchasing a house. The current resident used a loanshark to buy the house for her as she could not qualify for traditional financing. After a few years she still could not get traditional financing and the loanshark wants to sell the property. The current tenant is a little upset at me as she views me as stealing the house from under her.
Part of why she can't afford the house and I can is that she drives a Cadillac escalade and I drive a tiny 5 speed hatchback car.
Would be nice if house payments (general cost of a home) was around that. At this point the only obtainable thing is a vehicle if someone chooses to have one.
Seems so nonsensical to me. Even if you're someone who drives every day there are perfectly serviceable used cars out there for $5000 whos remaining useful lifetimes outlast the repayment period of a new lease or loan.
At first it seemed wrong for Mississippi to not be the worst but then the reality of the median wage kicked in and it shows how little people in the state actually can afford.
Lot of poor folks driving around expensive ass Chargers, 300s, Escalades, Mustangs, etc well beyond what they can afford in the South. Then parking them in front of a trailer park or shittiest house you can imagine, with kids playing in the dirt around it.
Total car payments for a single family? Cars or trucks? Does Texas just have reeealy bad loan rates? (Sure, I would like to say that the difference is because of oversized trucks, but reality is sometimes surprising.)
I'm going to guess that since "everything is bigger in Texas!", people feel the need to buy tanks with wheels, which tend to be on the more expensive end of the car spectum (outside of luxury and exotic vehicles).
Either way, fuck that. $120,000 pissed away in 10 years for a car (PLUS insurance, gas, repairs...). Don't people want to be able to afford housing?
It doesn't say anything on how much more than $1,000 is spent. If in state a 2 out of 10 people spend $1,001 a year and the other 9 out of then $999 while in state b 1 out of 10 spends $2,000 a month and the other 9 out of 10 spend $999 then the stats show the are twice as many expensive in state a while in reality the only expensive cars are in state b
Why do people not understand how statistical statements work so often? The graphic shows one thing. It shows the percentage of residents who pay more than $1,000 a month on their car payments. That's it. That's all it's claiming to show. That's all it's trying to show. That's all it's supposed to show. Getting mad that it doesn't show 20 other aspects is ridiculous.
Bad credit and poor decisions. Texas has a lot of army bases and it's a pretty well established stereotype that 18-22 year olds fresh out of AIT make really poor decisions when it comes to car loans. Lots of Camaros challengers and mustangs at like 30%, then they get repossessed and sold to the next dumb kid.
You can find this all over YT. It's insanity. For the record, my wife drives a 2019 Camry. I drive a 2012 Fiesta. Both paid off. I only have the Fiesta because my sister wanted to sell it and it was a good deal for the times where my wife and I both need to drive. We were a one-car family for a few years.
Gotta be big-ass trucks for quite a few places. โSpecially Texas. The other facet would be poor states with lower average income will spend a higher percentage of income on the least expensive cars.
poor states with lower average income will spend a higher percentage of income
But the graphic uses an absolute USD value of 1000, so percentage of income isn't represented. It seems more like the big ass trucks are an issue in more swaths of the great plains than just in Texas.
Well I live in a major metro area so by the twenty teens keeping under 1k was pretty hard unless the area was majorly seedy. Heck im not sure you can get that cheap in the worst neighborhoods anymore.
Oregon isnโt just Portland. The rest of the state isnโt nearly as developed. Same for NY - yes, huge population in NYC but thereโs still a lot of people in nyc suburbs with money and cars.
One possible reason is we donโt salt our roads in winter. Salt causes tons of rust on vehicles, but here youโll see 1990 Hondas still looking practically new. People seem to drive their beaters forever.
So color coding tells us 15 - 19% of people paying more than $1000/m is normal or the edge. I guess this decision is arbitrary, so I suggest a one-dimensional color scale.
Expecting my state to be one of the highest - as a high cost of living state, we can afford it more than most - but itโs among the lowest? I find it crazy that the highest states are the same as the ones who can least afford it.
I would bet this tracks fairly closely to percentage of pickup truck owners
Cybertrucks owners drive that even further up
All lifted by the way
Of course they are lifted, and squatted! How else are you going to haul groceries from walmart?
Big dick trucks are expensive
small dick trucks
FTFY
;)
Oh it has nothing to do with genitals. Just the owners.
All dicks are awesome. Especially small ones.
Body shaming? Itโs not awesome. And this kind actually enforces the stereotype we wanna make fun of.
Texas and Wyoming lol not only do they buy vanity trucks but you have to drive at least 30 min to go anywhere. Paying 10 mpg and creating your society as spread out as possible, just to own the libs.
I have visited family out there and this is depressingly true.
If you're going to spend that much time on the road, best be comfortable, eh?
yes that's why i take the bus
West Virginia: Buying a $500 used car in cash
Connecticut: Buying a $50,000 new car in cash
Oh I do know many Connecicutters are hurting. I have been to Hartford. Seen that shit with my eyeballs.
I make well...very well...quite well into the six figures and a $1000+ car payment seems insane to me.
What the actual fuck.
And most of these assholes are leasing and pay penalties for over milage.
That's nearly half my mortgage in one of the highest COL counties in the country...
Have to assume that its for 2+ cars because 28% of Texas definitely ain't driving around in luxury vehicles... although I guess these big ass trucks really are up there in price these days... But still...
That doesnโt make it any more sensible the benefit of two car payments is that cars last long enough so you can stagger them and never need to make two payments
Freedom*
*To work really hard so that you can hand it all straight to banks
fr just work less, spend less money, more free time to enjoy life
Reminds me of when a dude I knew was posting on Facebook how gas prices were too high and filling up his two new Cadillac Escalades was getting way too expensive because of Obamacare or something.
God damn we are a country full of idiots.
I'm in the process of purchasing a house. The current resident used a loanshark to buy the house for her as she could not qualify for traditional financing. After a few years she still could not get traditional financing and the loanshark wants to sell the property. The current tenant is a little upset at me as she views me as stealing the house from under her.
Part of why she can't afford the house and I can is that she drives a Cadillac escalade and I drive a tiny 5 speed hatchback car.
The fuck? That's about what I paid in monthly mortgage payments for my house.
Would be nice if house payments (general cost of a home) was around that. At this point the only obtainable thing is a vehicle if someone chooses to have one.
Tbh surprises me just how many must be buying new cars too.
Seems so nonsensical to me. Even if you're someone who drives every day there are perfectly serviceable used cars out there for $5000 whos remaining useful lifetimes outlast the repayment period of a new lease or loan.
At first it seemed wrong for Mississippi to not be the worst but then the reality of the median wage kicked in and it shows how little people in the state actually can afford.
Lot of poor folks driving around expensive ass Chargers, 300s, Escalades, Mustangs, etc well beyond what they can afford in the South. Then parking them in front of a trailer park or shittiest house you can imagine, with kids playing in the dirt around it.
Hood rich
Total car payments for a single family? Cars or trucks? Does Texas just have reeealy bad loan rates? (Sure, I would like to say that the difference is because of oversized trucks, but reality is sometimes surprising.)
I'm going to guess that since "everything is bigger in Texas!", people feel the need to buy tanks with wheels, which tend to be on the more expensive end of the car spectum (outside of luxury and exotic vehicles).
Either way, fuck that. $120,000 pissed away in 10 years for a car (PLUS insurance, gas, repairs...). Don't people want to be able to afford housing?
It doesn't say anything on how much more than $1,000 is spent. If in state a 2 out of 10 people spend $1,001 a year and the other 9 out of then $999 while in state b 1 out of 10 spends $2,000 a month and the other 9 out of 10 spend $999 then the stats show the are twice as many expensive in state a while in reality the only expensive cars are in state b
Why do people not understand how statistical statements work so often? The graphic shows one thing. It shows the percentage of residents who pay more than $1,000 a month on their car payments. That's it. That's all it's claiming to show. That's all it's trying to show. That's all it's supposed to show. Getting mad that it doesn't show 20 other aspects is ridiculous.
Literally the first line of my comment is "it doesn't say anything on how much more than $1,000 is spent".
Not sure where you got the impression i'm mad about anything but ok.
Bad credit and poor decisions. Texas has a lot of army bases and it's a pretty well established stereotype that 18-22 year olds fresh out of AIT make really poor decisions when it comes to car loans. Lots of Camaros challengers and mustangs at like 30%, then they get repossessed and sold to the next dumb kid.
Edit: added to the age range.
This is all you really need to know about people's car payments:
https://www.youtube.com/shorts/gifYyVTHIfY
You can find this all over YT. It's insanity. For the record, my wife drives a 2019 Camry. I drive a 2012 Fiesta. Both paid off. I only have the Fiesta because my sister wanted to sell it and it was a good deal for the times where my wife and I both need to drive. We were a one-car family for a few years.
I can confirm places like Texas and Florida have much worse auto loan rates due to higher delinquencies. Northern states have better rates.
Gotta be big-ass trucks for quite a few places. โSpecially Texas. The other facet would be poor states with lower average income will spend a higher percentage of income on the least expensive cars.
But the graphic uses an absolute USD value of 1000, so percentage of income isn't represented. It seems more like the big ass trucks are an issue in more swaths of the great plains than just in Texas.
Texans gotta have their giga trucks
Who can even afford that.
I'm assuming this doesn't include maintenance or insurance?
My rent was less than that in the aughts.
There are people in my hometown that have car payments higher than their mortgage payments.
I should appreciate how much work I don't have to do by not having a car to pay for
How many of these people live in their cars?
My mortgage is less than that today.
(Although TBF, that's because I bought during the Great Recession -- I wouldn't be able to afford to re-buy the same house today.)
I have never had that cheap a mortgage but it is scary when you realize you could not buy your house if you were looking to.
My rent was less than that in 2018!
Well I live in a major metro area so by the twenty teens keeping under 1k was pretty hard unless the area was majorly seedy. Heck im not sure you can get that cheap in the worst neighborhoods anymore.
Oregon is the one that surprises me.
All the other green states are the low income states (except for the north east states like Maine, and that little corner).
But then there's Oregon, right between yellow California, and yellow Washington.
I'm also surprised NY is yellow. I thought the bulk of their population was JUST NYC. And most people in NYC don't even own cars.
Or is this a percentage of car owners only?
Oregon isnโt just Portland. The rest of the state isnโt nearly as developed. Same for NY - yes, huge population in NYC but thereโs still a lot of people in nyc suburbs with money and cars.
Same can be said for WA, CA, ID, etc... Rural is rural.
One possible reason is we donโt salt our roads in winter. Salt causes tons of rust on vehicles, but here youโll see 1990 Hondas still looking practically new. People seem to drive their beaters forever.
100% the answer. I miss it so much. They salt like crazy around here and I can't find a car with a solid frame for under $10k.
The Oregon used car market was insane before cash for clunkers. You could buy a car from the '80s for $750 and reliably drive it for 100k mi. more.
how is this related to vehicles looking new? I see vehicles that are missing front bumpers and have visible rust all the time on the roads.
So color coding tells us 15 - 19% of people paying more than $1000/m is normal or the edge. I guess this decision is arbitrary, so I suggest a one-dimensional color scale.
Everything's bigger in Texas...
What the โฆ..
Expecting my state to be one of the highest - as a high cost of living state, we can afford it more than most - but itโs among the lowest? I find it crazy that the highest states are the same as the ones who can least afford it.