this post was submitted on 03 Apr 2025

538 points (98.6% liked)

Lemmy Shitpost

30645 readers

4050 users here now

Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!

Rules:

1. Be Respectful

Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.

...

2. No Illegal Content

Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.

That means:

-No promoting violence/threats against any individuals

-No CSA content or Revenge Porn

-No sharing private/personal information (Doxxing)

...

3. No Spam

Posting the same post, no matter the intent is against the rules.

-If you have posted content, please refrain from re-posting said content within this community.

-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.

-No posting Scams/Advertisements/Phishing Links/IP Grabbers

-No Bots, Bots will be banned from the community.

...

4. No Porn/Explicit

Content

-Do not post explicit content. Lemmy.World is not the instance for NSFW content.

-Do not post Gore or Shock Content.

...

5. No Enciting Harassment,

Brigading, Doxxing or Witch Hunts

-Do not Brigade other Communities

-No calls to action against other communities/users within Lemmy or outside of Lemmy.

-No Witch Hunts against users/communities.

-No content that harasses members within or outside of the community.

...

6. NSFW should be behind NSFW tags.

-Content that is NSFW should be behind NSFW tags.

-Content that might be distressing should be kept behind NSFW tags.

...

If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.

Also check out:

Partnered Communities:

1.Memes

2.Lemmy Review

3.Mildly Infuriating

4.Lemmy Be Wholesome

5.No Stupid Questions

10.LinuxMemes (Linux themed memes)

Reach out to

All communities included on the sidebar are to be made in compliance with the instance rules. Striker

founded 2 years ago

MODERATORS

[email protected]

538

Based on a true story (lemmy.world)

submitted 1 week ago by [email protected] to c/[email protected]

140 comments fedilink hide all child comments

I'm refinancing this terrible loan and the bank person grimaced when they saw this.

top 50 comments

sorted by: hot top controversial new old

[–] [email protected] 24 points 6 days ago (10 children)

Loans with interest rates above inflation are weapons. They are violence. Why should we all have to pay more than something is worth for our education, our transportation, our housing? Why are we paying directly for these things at all?

Government should be providing all this for its people. Higher education should be provided. Starter housing should be provided. Public transportation should be provided.

[–] [email protected] 19 points 6 days ago (1 children)

considering that you likely live in the US, just wait 6 months and this loan would be below monthly inflation

[–] [email protected] 10 points 6 days ago

Lol...that's funny and also so depressing.

[–] [email protected] 16 points 6 days ago* (last edited 6 days ago) (2 children)

You pay for the ability to access capital you do not currently have. Nobody owes you thousands of dollars with which to but a car. If you want to buy a car with money you don't have, then you have to give the bank something in return. That something almost always is "more money than we initially lent you, over the course of the loan period" and if you shut that down, banks just won't give loans anymore. Suddenly poor and middle class people have lost their biggest tool for accessing capital.

Lack of public transport is a separate problem. The US has dropped the ball across the board there. Only a handful of cities have any reasonable public transport and even those systems are old and often shitty.

Education being so expensive that it needs to be financed, is a separate problem. Education is too important to leave to the free market, letting our system metastacize to this extent is the result of decades of compounding failures.

16.9% interest is predatory, but "interest above inflation" is necessary if you want banks to do anything besides hoard money.

[–] [email protected] 7 points 6 days ago (2 children)

See, that whole entire thought process just doesn't hold me prisoner anymore like it used to.

If you want the capital to survive (buying a car is survival in most places) or to try and get ahead, you must pay more capital than you have. If the banks don't make money this way, the poor and middle class will fail.

I don't think this is true economical theory anymore. It's corrupted greed that's overtaken institutionally in every facet of life including academia. It's like saying nuclear war is the best peace keeping practice.

[–] [email protected] 2 points 5 days ago

Cool how you used the quote markdown for a bunch of stuff I didn't say.

My argument is "The banks have a ton of capital. They are willing to grant lower classes access to that capital, as long as the bank is able to make some profit from it. If the bank cannot profit, they will just sit on that wealth and lower classes will lose the only access to such capital that they currently have."

Like I said, the fact that many borderline necessities in the US require access to capital beyond one's individual means, is a real problem but separate from this argument.

[–] [email protected] 3 points 6 days ago

No no surely making the rich richer will help, it's done so great the last 50 years!

[–] [email protected] 4 points 6 days ago (2 children)

Well I'm hoping to live in a world where banks don't provide loans anymore. I'm demanding a better world than this nightmare that is unregulated capitalism in the US.

I'm demanding a better world than any economic system that incentivizes and rewards screwing each other over and hurting one another in a race to get ahead.

[–] [email protected] 7 points 6 days ago

Capital investment is necessary regardless of your chosen economic system. Without banks, you're relying solely on a central government to dole out capital investment which has historically turned out poorly

[–] [email protected] 6 points 6 days ago

Providing loans is a major part of a bank's job though? Like yes it's wrong that we need loans for necessities like transportation, education, healthcare etc, but even if all those were unnecessary banks would still need to provide loans so that people can start businesses or build houses.

load more comments (8 replies)

[–] [email protected] 14 points 6 days ago (1 children)

Always buy from a person not a dealer. Look for a model known to be reliable and cheap to fix and maintain. I bought a 95 Ford Ranger for $1,800 and am still driving it 5 years later. I’ve maybe put another 2k into it from oil changes, tires and brakes. People pay way too much for bells and whistles.

[–] [email protected] 6 points 6 days ago* (last edited 6 days ago) (2 children)

I did this in my younger years and the cars I got always had some hidden fucked up problem.

The most notable was cemented in spark plugs, rip that Honda Civic I drove it till it couldn't hold on anymore lmao it ended up sitting for a long while then someone stole the catalytic converter lmao

[–] [email protected] 6 points 6 days ago (1 children)

Lol yeah there’s always that risk. Feel like you want to find some boomer that’s selling his daughters car that just went to college or something.

[–] [email protected] 3 points 6 days ago

Yeah right on!

[–] [email protected] 3 points 6 days ago

I did this in my younger years and the cars I got always had some hidden fucked up problem.

My minivan is (well, was) like this. The person I bought it from said the roof-mounted DVD player was professionally installed. I got it home, pulled the interior apart (I was installing a new headunit, backup camera, and some other things), and found the "professionally installed" wiring crossed in front of the side curtain airbag. It wasn't secured anywhere at all, either. Just flopping around. I fixed that up along with some other issues I found.

[–] [email protected] 8 points 6 days ago (2 children)

Don't buy cars. Ban them.

[–] [email protected] 14 points 6 days ago (2 children)

A lot of us wage slaves live in areas that are too spread out to bike, have no public transportation, and we can't afford to move to a higher COL area that has those amenities. For example, my commute to work is typically 70ish miles, one way. There aren't better job prospects within my niche industry that are available to me. I'm working towards moving closer to work, but I'll be moving to a smaller town that is even less bike-able/walk-able. IMO, your position requires an amount of privilege I don't have.

[–] [email protected] 4 points 6 days ago

Facts. I live in Maine. I dare anyone that says to ban cars to come live here without one. The only form of public transportation here is a very shitty public bus system. If you live outside of its route, you are shit out of luck. Its why you have a lot of old people driving here that honestly should have had their license revoked a decade ago. Can't take their license away cause they will have no way to access the resources they need to survive. But shouldn't let them keep their license cause they are a major danger on the roads.

[–] [email protected] 3 points 6 days ago

My commute is 117 miles one way :(, return to office has really fucked me. I won't be moving anytime soon but am working on getting a job closer to home.

[–] [email protected] 3 points 6 days ago

Yes, let's ban the single most common form of transportation in the country because you've never had to live in an area with zero public transport.

Great line of thinking, there.

[–] [email protected] 6 points 6 days ago* (last edited 6 days ago) (2 children)

I took a loan out on a brand new car many years ago, a 6 year term with 17% interest (don't do that, kids). But I was able to refinance to ~4% a year later, we knocked another year off the remaining term (5 years to 4 years), and I still ended up paying less per month than the original payment.

I miss that car sometimes. It was a 2012 Kia Soul, and I really liked it. I went on a 3-week business trip a few years ago, and my rental happened to be a 2021 Kia Soul in mustard yellow. I loved every minute of it.

[–] [email protected] 1 points 5 days ago

I bought a used 2018 Kia Soul about 6 months ago. I love it. Still paying it off, but it's super, super reliable.

[–] [email protected] 3 points 6 days ago (1 children)

I have a loan right now that is at like 3%. I can pay it off now if I wanted to, but it's so low that I can easily make more money by putting it away and collect interest on it. It would be kinda nice to get a new car, but where this country is headed, it's not worth it. I feel bad for the younger generations and what lies ahead for them.

load more comments (1 replies)

load more comments