the long way downunder
Well-Known Member
Perhaps I don't understand. Perhaps renters are making a liquidity decision, balancing opportunity risk and return on operating capital to optimize return on their diversified portfolio of investments. That might be it. Or …Dubious analogy here with renters and qualifying for a mortgage. Seems like a strange dig to throw into your commentary on a car. Just like renters can find landlords with low underwriting standards you can also find lenders (non-QM and owner financing) where the underwriting standards will be more flexible for a higher cost. This isn't that uncommon and it's a question of whether someone is willing to pay a premium to "own" when they could rent for much less cash out of pocket and maintain their liquidty. Not sure you understand the market here to be commenting... as you can just as easily be held hostage by the equity in your house (i.e. throwing money into it for repair, maintenance, upgrades, HOA, etc. etc.) vs. renting and having more flexibility on how your cash is being utilized.
Or maybe I'm referring to the WEF and the "the great reset" – a policy being enacted globally for the last two or more decades – and drawing a direct analogy between the "right to repair" (Apple and other technology vendors illegally selling products which are planned to fail and designed to prevent the user from repairing products they own.) Tesla and Rivian are selling a vehicle which they appear to think remains their asset and their possession though it is legally, wholly the possession of the purchaser. It's just a matter of years of litigation and policy battles till Rivian and others are compelled to make their vehicles operable and open to the intents and purposes of the owner, not their corporate interests … maybe that's it. : )
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