[Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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(Thread IKs: skooma512)

smug jeebus: Oct 26, 2008

slave to my cravings posted:

are you twelve

I still get excited to see the lobster tank and I'm not ashamed to admit it

# ? Dec 23, 2023 18:08

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# ? May 25, 2024 06:47

SirPablo: May 1, 2004; Pillbug

Lot of videos showing up in my yt feed like this. Imagine paying $140,000 for a truck lol

https://www.youtube.com/watch?v=9ZdOXfrLBoE

# ? Dec 23, 2023 18:12

biceps crimes: Apr 12, 2008

SirPablo posted:

Lot of videos showing up in my yt feed like this. Imagine paying $140,000 for a truck lol

https://www.youtube.com/watch?v=9ZdOXfrLBoE

i remember finding it ridiculous when my cousin bought a toyota tundra for like 30 something thousand back somewhere in the 2010s. just lol at how crazy truck prices have become since like, 2008? im interested in more data on that

# ? Dec 23, 2023 18:35

Azuth0667: Sep 20, 2011; By the word of Zoroaster, no business decision is poor when it involves Ahura Mazda.

If this means less tiny dick brodozers then I am okay with truck number going to the moon.

# ? Dec 23, 2023 18:39

is pepsi ok: Oct 23, 2002

biceps crimes posted:

i remember finding it ridiculous when my cousin bought a toyota tundra for like 30 something thousand back somewhere in the 2010s. just lol at how crazy truck prices have become since like, 2008? im interested in more data on that

Chevy is running a commercial right now about how they get how hard it is out there and that's why they are offering vehicles at an affordable price and one of the vehicles they show in the ad is a stripped down Colorado for $30k.

# ? Dec 23, 2023 18:50

Crazypoops: Jul 17, 2017

Wow, thanks Chevy

# ? Dec 23, 2023 18:51

Real hurthling!: Sep 11, 2001

i just saw a mini cooper suv the size of a outback stationwagon lol this country

# ? Dec 23, 2023 18:57

sonatinas: Apr 15, 2003; Seattle Karate Vs. L.A. Karate

consumer reports has trucks(the most popular cars in America) having the lowest reliably scores.

# ? Dec 23, 2023 18:58

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

Crazy truck prices are great because there's literally zero argument for why anyone would ever need one of these quad cab short box dick extenders. No real utility or practicality, just a massive status symbol that's a shitshow for you and everyone around you. And people are taking on six figure debt to buy them.

# ? Dec 23, 2023 19:00

is pepsi ok: Oct 23, 2002

Paradoxish posted:

Crazy truck prices are great because there's literally zero argument for why anyone would ever need one of these quad cab short box dick extenders. No real utility or practicality, just a massive status symbol that's a shitshow for you and everyone around you. And people are taking on six figure debt to buy them.

The guy across the street from me is retired and just bought a Silverado 2500 4x4. He really needs those 9000lbs of towing capacity to bring his groceries home every week

# ? Dec 23, 2023 19:04

RandomBlue: Dec 30, 2012; hay guys!; Biscuit Hider

Real hurthling! posted:

i just saw a mini cooper suv the size of a outback stationwagon lol this country

maxi cooper

# ? Dec 23, 2023 19:10

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Paradoxish posted:

Crazy truck prices are great because there's literally zero argument for why anyone would ever need one of these quad cab short box dick extenders. No real utility or practicality, just a massive status symbol that's a shitshow for you and everyone around you. And people are taking on six figure debt to buy them.

The base model mirrors now are as long as the towing mirrors were twenty years ago. They are manspreading but for roads instead of transit. Just people spending six figures to be obnoxious

# ? Dec 23, 2023 19:12

Rectal Death Alert: Apr 2, 2021

give me a 40,000lb SUV that can't even get up to full speed between red lights or give me death

Rectal Death Alert has issued a correction as of 19:16 on Dec 23, 2023

# ? Dec 23, 2023 19:13

the popes toes: Oct 10, 2004

Paradoxish posted:

Crazy truck prices are great because there's literally zero argument for why anyone would ever need one of these quad cab short box dick extenders. No real utility or practicality, just a massive status symbol that's a shitshow for you and everyone around you. And people are taking on six figure debt to buy them.

The loving blinding headlights on those trucks keep me too damned close to road rage for comfort and render my optic nerves temporarily useless for micro-seconds. Oughta be a law.

# ? Dec 23, 2023 19:13

Pittsburgh Fentanyl Cloud: Apr 7, 2003

sonatinas posted:

consumer reports has trucks(the most popular cars in America) having the lowest reliably scores.

Their full-size SUV ratings are awesome, the Expedition / Suburban / Tahoe are all basically relics from twenty-five years ago and they still sell because the profit margin on ancient technology is immense

Rectal Death Alert posted:

give me a 40,000lb SUV that can't even get up to full speed between red lights or give me death

We'll do you one better, here's a SUV that weighs more than a Cessna Citation II business jet and does 0-60 in 2.9s

https://www.gmc.com/electric/hummer-ev/pickup-trucks-suvs

# ? Dec 23, 2023 19:14

skooma512: Feb 8, 2012; You couldn't grok my race car, but you dug the roadside blur.

Azuth0667 posted:

If this means less tiny dick brodozers then I am okay with truck number going to the moon.

They'll pay any price.

# ? Dec 23, 2023 19:15

super sweet best pal: Nov 18, 2009

Good time to remind everyone this $2000 rattletrap exists

https://www.youtube.com/watch?v=yRG0Wai4sR0

# ? Dec 23, 2023 19:18

Pittsburgh Fentanyl Cloud: Apr 7, 2003

skooma512 posted:

They'll pay any price.

Balloon payments on real estate were one of the things that crashed the markets in 2008, they were a way to buy a house you couldn't afford in the hopes that the value would skyrocket before the last balloon payment came due. now we're doing them with trucks and BMWs.

# ? Dec 23, 2023 19:23

is pepsi ok: Oct 23, 2002

Pittsburgh Fentanyl Cloud posted:

Balloon payments on real estate were one of the things that crashed the markets in 2008, they were a way to buy a house you couldn't afford in the hopes that the value would skyrocket before the last balloon payment came due. now we're doing them with trucks and BMWs.

I'm sure I saw an article in this thread several months back about how subprime auto loans were exploding.

# ? Dec 23, 2023 19:35

Willa Rogers: Mar 11, 2005

Downtown Chicago is following SF:

quote:

More Loop office landlords near defaults on $51M in loans

Ivor Braka and fellow downtown Chicago office landlord Alvarez & Marsal are staring down some ugly debt pictures.

Braka, a British art dealer, owes millions on one of three loans tied to Loop office buildings whose landlords are nearing defaults or were otherwise flagged by lenders for their eight-figure loans in recent weeks, as financial distress keeps roiling Chicago�s core business district in the wake of the pandemic.

Braka got caught up in the market�s turmoil back in 2004, when he paid just under $11 million to buy 332 South Michigan Avenue, a 326,000-square-foot office building. Now, the collector is facing �imminent default due to cash flow issues� on a $33 million loan he took out in 2016 using the property as collateral, according to loan servicer commentary compiled by DBRS Morningstar. The loan wasn�t scheduled to mature until 2026, and the Michigan Avenue property was appraised at more than $56 million when the debt was issued.

It was packaged up with other commercial real estate debts and sold off to investors in financial instruments, making details of the property�s performance public.

He�s not alone. At 205 West Randolph Street, the real estate arm of professional services firm Alvarez & Marsal is on a similar track and set to default due to cash flow problems, according to LNR Partners, the special servicer of the 199,000-square-foot property�s nearly $19 million debt. LNR began overseeing the debt this month, loan data provided to Morningstar shows.

Alvarez is nearing default on the debt that was taken out by an entirely different borrower in 2014. Alvarez took on the property for $29 million, when it was sold by Michigan-based Farbman Group, the original borrower in the deal. An Alvarez affiliate assumed the property�s nearly $19 million in debt as part of Farbman�s sale, and the loan is scheduled to mature in early 2025.

Representatives of Alvarez & Marsal did not respond to requests for comment, nor did Braka. Both loans are under special servicing by LNR Partners, which also didn�t return requests for comment.

Alvarez is another downtown Chicago office deal that�s worrying its creditor.

A lender that gave $35 million in 2015 to an Alvarez affiliate that owns 205 West Wacker Drive has watchlisted the loan, which was originated in 2015. Watchlisting a debt is a move usually made when there�s a growing chance the lender doesn�t get fully repaid.

Both 205 West Wacker and 205 West Randolph are 23-story office buildings, although the Wacker property has a larger footprint at 265,000 square feet. When Alvarez & Marsal bought the Randolph property in 2017, smaller, vintage buildings had been rising in value, local media reported.

But both that building and the Wacker Drive property have struggled to keep tenants. In 2019, the Randolph property was 80 percent occupied, before it came down to 63 percent leased last year, according to Morningstar data. It brought in just $100,000 in net cash flow last year, and cost far more for Alvarez to service its debt than the rental revenues it generated, Morningstar shows. Higher property tax costs were partly to blame, according to loan commentary.

At the Wacker Drive property, Salesforce�s exit contributed to its financial issues. The firm was a tenant in the building until leaving early in 2021 with a plan to move into the newly opened Salesforce office tower at Wolf Point overlooking the Chicago River.

While Salesforce paid a termination fee of $582,000, the building�s occupancy fell to 60.5 percent. Alvarez did a good job of refiling the space, and brought its occupancy back up to 75 percent as of the end of last year, according to loan servicer commentary, but it�s expected to decline again with the planned departure of two tenants, according to the loan servicer.

Last year, the Alvarez-owned building took in less than 70 percent of the net cash flow it needed from rent to cover its debt service, loan data shows.

https://therealdeal.com/chicago/2023/12/19/more-loop-office-landlords-near-defaults-on-51m-in-loans/

# ? Dec 23, 2023 19:37

Real hurthling!: Sep 11, 2001

the popes toes posted:

The loving blinding headlights on those trucks keep me too damned close to road rage for comfort and render my optic nerves temporarily useless for micro-seconds. Oughta be a law.

riding just a little higher than sedan height makes it 1000x more bearable when suv lights come at you
i would not be surprised to learn that auto makers are making them especially punishing on sedan drivers to get them to buy a higher margin suv when they make their next purchase

# ? Dec 23, 2023 19:41

Nonsense: Jan 26, 2007

sonatinas posted:

consumer reports has trucks(the most popular cars in America) having the lowest reliably scores.

lol @ BMW 4 series being more reliable than the GTI. Volkswagen what happen?

# ? Dec 23, 2023 19:41

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

Nonsense posted:

lol @ BMW 4 series being more reliable than the GTI. Volkswagen what happen?

That 4-series is more reliable than basically every pickup truck on that list.

# ? Dec 23, 2023 19:45

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Consumer Reports uses subscriber self-reporting for those numbers too, so a large part of those scores is people spending $80K on a pickup and figuring out it's a real piece of poo poo

# ? Dec 23, 2023 19:47

euphronius: Feb 18, 2009

lmao CR

# ? Dec 23, 2023 19:49

Real hurthling!: Sep 11, 2001

how did bmw's reputation for not breaking down survive their transition to making all their cars in the american south as cheaply as possible? is the rest of the market just worse than ever?

# ? Dec 23, 2023 19:54

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

The hyper reliable cars have always been econoboxes with as few options as possible, and even the ones that still exist are incredibly hard to find on most lots. Like PFC said, those are largely self-reported numbers, so fewer people driving stripped down Civics means everything else looks a little better.

Also modern engines/transmissions are pretty reliable if you get one from an automaker that isn't completely poo poo, so that's fewer people suffering genuinely catastrophic failures at lower mileages. Essentially any car should make it well over 200k miles at this point unless you just really steadfastly refuse to ever fix anything.

# ? Dec 23, 2023 20:07

Sokani: Jul 20, 2006; Bison

Rectal Death Alert posted:

give me a 40,000lb SUV that can't even get up to full speed between red lights or give me death

Car of the future:

# ? Dec 23, 2023 20:23

RealityWarCriminal: Aug 10, 2016

I'm heading to the Dollarama. need anything?

# ? Dec 23, 2023 20:26

SirPablo: May 1, 2004; Pillbug

the popes toes posted:

The loving blinding headlights on those trucks keep me too damned close to road rage for comfort and render my optic nerves temporarily useless for micro-seconds. Oughta be a law.

All vehicle lights are loving out of control. Just million lumen LEDs slapped in there.

# ? Dec 23, 2023 20:32

SirPablo: May 1, 2004; Pillbug

It's thread favorite Mr. Pieceofshit

https://www.youtube.com/watch?v=lOKASgtr6kU

# ? Dec 23, 2023 20:33

AWWNAW: Dec 30, 2008

how do they make his face look so creepy

# ? Dec 23, 2023 20:58

Second Hand Meat Mouth: Sep 12, 2001

AWWNAW posted:

how do they make his face look so creepy

turn on your monitor

# ? Dec 23, 2023 21:04

sonatinas: Apr 15, 2003; Seattle Karate Vs. L.A. Karate

SirPablo posted:

All vehicle lights are loving out of control. Just million lumen LEDs slapped in there.

I drive a Mazda 3 hatchback and I can�t drive at night. it�s just such a pain in the rear end to see poo poo when I�m blinded all the time. it�s even worse because there are 0 streetlights where I drive around in metro Detroit.

# ? Dec 23, 2023 21:25

nomad2020: Jan 30, 2007

slave to my cravings posted:

are you twelve

I haven't acted on the impulse, but I would love to test my theory on using a black trash bag to disable these robots.

# ? Dec 23, 2023 21:45

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

sonatinas posted:

I drive a Mazda 3 hatchback and I can�t drive at night. it�s just such a pain in the rear end to see poo poo when I�m blinded all the time. it�s even worse because there are 0 streetlights where I drive around in metro Detroit.

You can pretty quickly tell who drives a truck/lifted station wagon by how insistent they are that headlights aren't getting brighter and that anyone who complains must just be getting old. It's extremely obvious when driving around that the genuinely blinding headlights are all on tall, relatively cheap vehicles with poo poo aiming from the factory and no automatic adjustment system.

# ? Dec 23, 2023 21:53

Scarabrae: Oct 7, 2002

Pittsburgh Fentanyl Cloud posted:

When the economy is very normal

balloon financing was all the rage in the late 90�s early 00�s

# ? Dec 23, 2023 22:02

Cpt_Obvious: Jun 18, 2007

Paradoxish posted:

Crazy truck prices are great because there's literally zero argument for why anyone would ever need one of these quad cab short box dick extenders. No real utility or practicality, just a massive status symbol that's a shitshow for you and everyone around you. And people are taking on six figure debt to buy them.

Been looking at trucks for work and i can find 0 options for a 2 seater with a big ol bed for plywood. If I ever do end up getting a truck, it will be one of those giant junk wagons out of necessity.

# ? Dec 23, 2023 22:09

Real hurthling!: Sep 11, 2001

Cpt_Obvious posted:

Been looking at trucks for work and i can find 0 options for a 2 seater with a big ol bed for plywood. If I ever do end up getting a truck, it will be one of those giant junk wagons out of necessity.

can you buy a failed vanlife influencers converted sprinter van and strip it back down to a empty box.

# ? Dec 23, 2023 22:18

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# ? May 25, 2024 06:47

jetz0r: May 10, 2003; Tomorrow, our nation will sit on the throne of the world. This is not a figment of the imagination, but a fact. Tomorrow we will lead the world, Allah willing.

Cpt_Obvious posted:

Been looking at trucks for work and i can find 0 options for a 2 seater with a big ol bed for plywood. If I ever do end up getting a truck, it will be one of those giant junk wagons out of necessity.

get a transit

minivans will also hold a sheet of plywood

# ? Dec 23, 2023 22:27

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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