Anonymous wrote:It doesn’t take a lot of income to be approved for a loan. But there are many high income people in this area. Plus the stock market is crazy high. Up 22% so far this year. Imagine if your entire net worth went up that much just in 2021. Well that’s been going on for many wealthy people all the way back to 2009.
Yeah, we borrowed $45,000 for a new car in May, and our net worth is up nearly three times that much since then. (Which is one of the reasons we borrowed, rather than paying cash outright for, the car.)