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Comment by revelation | Hacker News Reader

    As this was the first really expensive car I’ve owned, I needed to find a way to help pay for the car. Naturally, Uber came to mind

The subprime lending crisis in a nutshell

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Interesting take. There is already a subprime lending crisis in the automotive loan market, along with a glut of used cars that somehow arent depreciating. I wonder if people start deciding that they want to overspend on a car they want and decide to "uber" their way into affording it...

Quickly followed by articles blaming Uber for it.

Agreed and that was not a shot at uber it was more just remarking on the nature of bubbles

Hehe, they cannot drive the jalopies to Mexico fast enough. It is amusing to see a junker towing two more junkers along I-10 enroute to today's crossing point. Amusing, that is, until you speak to some dealers and find out the "why" is to keep used vehicle values inflated.

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