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General Car Conversation 2025 - Part 1

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Old Apr 29, 2025 | 12:26 PM
  #3736  
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Originally Posted by LH1
My brother and his wife got something like 2.625%-2.75% range. They're never moving.

Did you guys ever see that chart detailing all the sub 3% and sub 4% mortgages? It was from either Goldman Sachs or Deutsche Bank. It was stunning. There is so many millions of
Americans that have these awesome rates, there's no point in ever moving. I can't find the damn chart now. I remember it being called the "chart of the decade".
This is a major issue in my industry because it contrains housing inventory. That % is dropping though, right now its only 40% of households that have mortgage rates below 4%, it was 65% in 2022.
Old Apr 29, 2025 | 12:35 PM
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Originally Posted by SW17LS
This is a major issue in my industry because it contrains housing inventory. That % is dropping though, right now its only 40% of households that have mortgage rates below 4%, it was 65% in 2022.
Can't say for sure, but it is likely that is because it was a lot easier for those with 2-3% mortgages, like we saw a few years ago, to pay them off early and not be in debt in the first place. Monthly payments increase sharply once you get up to 4% and above.
Old Apr 29, 2025 | 12:56 PM
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Originally Posted by mmarshall
Can't say for sure, but it is likely that is because it was a lot easier for those with 2-3% mortgages, like we saw a few years ago, to pay them off early and not be in debt in the first place. Monthly payments increase sharply once you get up to 4% and above.
Thats not what it is. Its because with the low rate on the current mortgage the monthly cost of upsizing or downsizing is so huge it doesn't make any sense. Very few people pay off mortgages before they are due.
Old Apr 29, 2025 | 12:59 PM
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That was some time ago. Nice find!

Originally Posted by LH1
Yea they were offered on the 2nd gen IS "X package." Interestingly X package cars also came with no sunroof/moonroof. I remember it being a popular package in 07-08 timeframe.

Here's a shot courtesy of @flipside909

Old Apr 29, 2025 | 02:03 PM
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Originally Posted by SW17LS
Thats not what it is. It's because with the low rate on the current mortgage the monthly cost of upsizing or downsizing is so huge it doesn't make any sense. Very few people pay off mortgages before they are due.
Right, we are totally stuck. We scored way above our heads with our first house, luckily, and love it anyway and wouldn't move anyway.

Like I said, it's like having an Escalade and the payment is $400 a month. No way are we walking away from this much equity.
Old Apr 29, 2025 | 07:42 PM
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Old Apr 29, 2025 | 07:48 PM
  #3742  
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Originally Posted by BayeauxLex
lol that is funny. Part of it is true because after having the first Plaid and with all the issues my wife didn’t understand why I wanted another one vs a real luxury/sporty car like an M5.
Old Apr 29, 2025 | 08:01 PM
  #3743  
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Originally Posted by patgilm
lol that is funny. Part of it is true because after having the first Plaid and with all the issues my wife didn’t understand why I wanted another one vs a real luxury/sporty car like an M5.
Tell her you felt cheated that you didn't get to experience it "correctly" lol!
Old Apr 29, 2025 | 11:53 PM
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Originally Posted by patgilm
lol that is funny. Part of it is true because after having the first plaid and with all the issues my wife didn’t understand why i wanted another one vs a real luxury/sporty car like an m5.
Originally Posted by striker223
tell her you felt cheated that you didn't get to experience it "correctly" lol!

🤣🤣
Old Apr 30, 2025 | 04:21 AM
  #3745  
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Still haven't driven one of those Plaids yet... I need to. I think the CT is kind of a letdown so my choice would be a Model S, those look really good.
Old Apr 30, 2025 | 09:21 AM
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Originally Posted by AJT123
Still haven't driven one of those Plaids yet... I need to. I think the CT is kind of a letdown so my choice would be a Model S, those look really good.
If you want to really see what EVs can be, and why I think if you gave then a chance you would really like them, drive these cars:

Tesla Model S
BMW I7
Cadillac Escalade IQ
Old Apr 30, 2025 | 10:33 AM
  #3747  
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Try a Lucid, they are the best "drivers EV" and use Porsche steering.
Old Apr 30, 2025 | 10:52 AM
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Originally Posted by Striker223
Try a Lucid, they are the best "drivers EV" and use Porsche steering.
Steve posted Savagegeese's Lucid review recently. It really was surprising how much Mark liked the steering and overall feel of the car.
Old Apr 30, 2025 | 11:03 AM
  #3749  
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Originally Posted by Striker223
Try a Lucid, they are the best "drivers EV" and use Porsche steering.
Lucids are good, and better now because they have taken the whine out of the EV powertrain.
Old Apr 30, 2025 | 11:47 AM
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Originally Posted by SW17LS
If you want to really see what EVs can be, and why I think if you gave then a chance you would really like them, drive these cars:

Tesla Model S
BMW I7
Cadillac Escalade IQ
Too quiet for him.



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