Now that Cash for Clunkers is over, who wants to bet that we're going to see many more Repo reality shows with the Repo guy hunting for the car, finding it, and hauling it away?
Why, you ask? Many people have clunkers for a reason. Because they can't afford new cars. Just because they were given $3500-4500 to trade in their old car, does that mean they have the means to actually pay the car payment every month?
People got 100% financing so they could buy a house when they couldn't actually afford it, and look at all the foreclosures.
Why did the government not think for a second that this program would just create more jobs for the Repo Man?
My bet is that within three months, it's going to be all over the news.
What do you think? Are people going to actually make these car payments, or expect a free ride??
**Are You Packed Yet?**
Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
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* Cash for Clunkers - Going to Create New Repo Jobs? *