@anon
sign up
@anon
sign up
pull down to refresh
47 sats
\
2 replies
\
@Satosora
7 Aug
\
parent
\
on: Consumer Debt in the US Hits Record $17.8 Trillion in Q2 2024
news
Its not investing in a new car when you buy a depreciating asset.
write
preview
this territory is moderated
reply
100 sats
67 sats
hot
recent
top
20 sats
\
1 reply
\
@TomK
OP
7 Aug
yes i know the wording is a bit wrong. and investment is when the car is used commercially, but in my opinion also when you use it to get to work. otherwise it is of course private consumption
reply
47 sats
\
0 replies
\
@Satosora
7 Aug
Its still a depreciating asset. A new car is never worth buying, just buy used.
reply