There are a not insignificant portion of people who are not willing to spend an extra dime on anything and will inconvenience as many people as it takes to save that extra dime.
There are a not insignificant portion of people who are not willing to spend an extra dime on anything and will inconvenience as many people as it takes to save that extra dime.
What high yield savings account is only earning .04% interest? I’m earning 5.5% on mine versus the 0% it would earn in escrow. Why allow the bank to invest my escrow money when I could earn 5.5% on my own instead?
Sure, eventually. And eventually the world will move past EV’s.
Maybe. As a general statement, people who use escrow generally have a harder time saving money (which is why people like to lump it all into their mortgage payment and have the savings tucked away for them). Normally, these people don’t have the padding in savings in the event that the market crashes and their…
There aren’t a whole lot of “safe” options outpacing inflation lately.
Well yea. The US runs on short sighted decisions. Again, not unique to the auto industry.
All of that money spent, and not a single American OEM can be confident that the country itself is behind the idea of EV’s, which is where the problem lies. China and it’s government are firmly behind EV’s and have been for two decades. America and it’s government changes it’s mind every four years, which means…
I sold my home in the suburbs of Detroit (you know, that city that Americans think is a bombed out war torn looking hell hole) for almost $450/sq foot. It was a single family ranch built in 1952 with modest updates.
Open a high yield savings account and put the escrow part of your monthly payment into that account. At a bare minimum, at least your earning some return on your money until you pay your taxes instead of the mortgage company earning the interest.
All of the comments that show up on these tariff discussions always ignore half the story to make arguments in favor of cheap EVs.
Also every single one of these “local” automotive stereotypes applies everywhere.
It doesn’t help that the US has an entire political party dedicating a huge portion of their identity to eliminating EVs, creating a complex and confusing regulatory environment for OEMs.
Ok so lets discuss a few things. They Big 3 (which really isn’t 3 anymore) is pushing further into EVs and fuel cell development than, let’s say, Toyota. So does Toyota simply get a pass here because they used to be nimble?
Again, based on what evidence do you say “they don’t actually want to do EV’s”?
Just the big 3? You don’t think the Japanese or Korean automakers are equally worried?
Who is they? And where is the evidence for the sabotage? There are plenty of EV’s available at or below the cost of the average new car in the US but since the US government isn’t subsidizing OEMs to the point where they can offer $10k EVs (like the Chinese government does), this is sabotage? Y’all have wild lines…
How does this even make sense? American companies are spending tens of billions of dollars investing in EV development and your first thought is “they’re just spending that money because they don’t actually want to do EVs”?
Doubt it. At the latest earnings call, everyone knew horrible results were coming, but Elon announced some vaporware robo-taxi bullshit and the stock soared. All he has to do is keeping making false promises and investors will eat it up.
To be fair, Elon is just modeling himself after a certain large Cheeto who has the exact same relationship with his voters.
But you don’t understand what it’s like to work for a company led by a once in a millennia genius with the potential to change the world! Do workers deserve some rights? Of course they do, but sometimes you have to sacrifice everything to be part of something bigger than yourself!