Pro tip: don’t try to make money flipping cars. Do it as a hobby.

You’re right; it’s called “rent seeking.”

I think it comes down to the utility value of money. Let’s say you make an average salary. Your hobby is collecting Hot Wheels cars at 99 cents a pop. If a new Hot Wheels car came out that was hard to find, but you found someone who gobbled a few of them up and resold them for $4, well, you’d probably buy one. $4 is…

Thank you. That statement was just as incorrect as some dumbfuck saying “It snowed this year; global warming isn’t real.”

If you start putting on a few of the dealer-installed options, like exhaust and wheels, you get a $45k WRX...

OMG, this. A loaded WRX is over $40k. LOLWUT?

Hey, thanks for the hat tip! Can I get un-grayed now?

I didn’t even know Mitsubishi still sells cars in the US. I honestly don’t even know where I would go to find a dealer.

That a mortgage company is going to want you to put down as little as possible to maximize the amount of interest they make off you, so OF COURSE they’re going to tell you not to put any more money down than absolutely necessary.

You also have to remember that—at least in the US—your mortgage interest is tax deductible. This means that the effective interest rate you’re paying on your mortgage is less than the actual interest rate on the loan.  Ergo, your rate of return on said mortgage is lower than the 4% in your example.

You’re asking mortgage companies if you should put down more than 20%? Seriously?

I’m a semi-pro automotive photographer, in that I’ve freelanced both photos and articles to car magazines.

Dearest Supreme Leader Kim, is that you?!

If you want to stimulate American manufacturing, tariffs are certainly a way to try to do it. Not a very good way, but it is a way.

four amuses gueules, three courses, coffee and gourmandises

...But 2 Fast 2 Furious is a car movie.

I went to see this movie simply because of the Shelby Mustang. I expected it to be terrible. But it was an AWESOME sort of terrible. It is basically what every 8-year-old boy imagines in his head when he’s playing with his Hot Wheels cars.

And that’s why Wells Fargo was fined 10 figures.

USAA is still the same way. They will do VA mortgages with lower down payments or “regular” mortgages with 20+% down.  That’s it.

“You might take the credit hit, but it’s ultimately the bank’s problem if you can’t pay the note.”