Subject: Re: No more affordable cars
The solution to everything, seems to be, to get the Proles farther in debt.

Share of 7-year car loans grows as buyers ‘work harder to make the numbers fit,’ expert says

The share of car buyers in the first quarter who signed a loan for 84 months or longer reached about 23%, up from 10% a decade ago, Edmunds data shows.

The share of new-car buyers with annual income below $100,000 was 37% last year, down from 50% in 2020, according to Cox Automotive.

Depreciation can lead to being “underwater” on the loan, which can lead to carrying that so-called negative equity into a new car loan if you trade it in.

https://www.cnbc.com/2026/04/1...

Same thing with houses. Don't build lower priced houses. Stretch out the financing, so the Prole can go farther in debt, to pay for a McMansion.

This proposal landed with a thud, this time. I'm sure it will pass in the future.

Industry Reacts To Idea Of 50-Year Mortgage

In a social media post this past Saturday, Federal Housing Finance Agency (FHFA) Director Bill Pulte noted that the Trump administration is developing a plan to introduce 50-year mortgage terms for prospective homebuyers.

"I think it could be a good thing for homeowners to have another option that helps with affordability. Lower monthly payments can open the door for more people to buy a home, especially first-time buyers," said Tyler Hodgson, founder of NXT Mortgage via LinkedIn. "The 50-year mortgage won’t fit everyone, but for the right buyer, it could make homeownership possible when it otherwise wouldn’t be. It will be interesting to see how this unfolds."

https://nationalmortgageprofes...

Bill Pulte, who floated the plan, is closely related to Pulte Homes, builder of McMansions, which would benefit from the increased number of people who could qualify for a 50 year mortgage.

Steve