this post was submitted on 01 Nov 2025
215 points (99.1% liked)

Fuck Cars

13681 readers
144 users here now

A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!

Rules

1. Be CivilYou may not agree on ideas, but please do not be needlessly rude or insulting to other people in this community.

2. No hate speechDon't discriminate or disparage people on the basis of sex, gender, race, ethnicity, nationality, religion, or sexuality.

3. Don't harass peopleDon't follow people you disagree with into multiple threads or into PMs to insult, disparage, or otherwise attack them. And certainly don't doxx any non-public figures.

4. Stay on topicThis community is about cars, their externalities in society, car-dependency, and solutions to these.

5. No repostsDo not repost content that has already been posted in this community.

Moderator discretion will be used to judge reports with regard to the above rules.

Posting Guidelines

In the absence of a flair system on lemmy yet, let’s try to make it easier to scan through posts by type in here by using tags:

Recommended communities:

founded 2 years ago
MODERATORS
 

Across the US, people are increasingly defaulting on their car loans — a dire economic indicator because these loans are usually the last payment Americans are willing to miss. Meanwhile, auto insurers are raking in record profits after hiking rates.

you are viewing a single comment's thread
view the rest of the comments
[–] HaraldvonBlauzahn@feddit.org 6 points 2 days ago* (last edited 2 days ago)

It is not by chance that the 2008 financial crisis was unleashed by the bankcruptcy of an investment bank which was trading with shaky housing loans, leading to an investment bubble, which in turn was pinched just after prices for oil had passed 140 dollar per barrel. Which lead people to reconsider the rationale that you would live cheaper if you resign to living far away from work with super long commutes. It was the pheripherical suburbs far away from cities where that calculation broke down first, and houses became unmarketeable first.

That situation was then somewhat stabilized with quantitative easing and super cheap credit money, which also made energy extraction, and thus oil prices cheaper. Which essentielly means collectively borrowing money we can't pay back, to finance energy and a way of living we can't really afford. And states are still pumping more money into that.