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Updated almost 9 years ago on . Most recent reply

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Scott W.
  • Real Estate Investor
  • chicago, IL
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the big short ending warning

Scott W.
  • Real Estate Investor
  • chicago, IL
Posted

They warn of the next synthetic CDO. I forgot the name but it's basically rebranded. 

I have some really crappy lending on auto loans. I know someone repoed recently on a car and the loan had 17% interest! I've heard defaults are increasing.

I realize these are not mortgages so cant hurt us as much but this is just an example of the terrible lending going on. If this exists in other loan products then the movie's prediction could have some merit. College student loans come to mind as well. 

What do you think ?

Most Popular Reply

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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

Car loans are notoriously bad - - "We give credit to anyone!" - - 

and it's typically 24.99%.

IMO, car loans are indicative of car loans - - nothing more.

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