buickanddeere said: (quoted from post at 11:31:43 06/03/08)
Lots of scared and angry people out there with 12-15mpg pickups & SUV's that could barely afford fuel a year ago.
Now they can't afford the higher priced fuel. They can't afford to trade as the mortgage on the fuel hog is more than the trade in value of the vehicle.
Don't come crying to me that your status symbol is costing you more that you can afford.
YES! This is the main trouble, people who really didn't need certain things (big SUV, 3000 square foot house) and probably couldn't afford them (interest only loans got a lot of people suckered in) are the ones who spent money like there was no tomorrow. Tomorrow is here and the bill collectors want their share.
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