> Separately, I suspect that quite a few of the ppl who had rent relief had cars that, let’s just say, wouldn’t be highly sought in he used vehicle market.
Perhaps.
Vehicles have been pushed in every medium as status symbols. Creative financing options and cheaper insurance have allowed those affected by this to continue to participate. It isn’t just new cars but expensive restoration and customization of old ones.
I think this is beginning to fall away, in part because young people do not rely on physical presence to gain and maintain social standing among their peers as much as they used to.
So a better phone camera matters more than nicer rims. Selfies in front of a fancy car get less likes than swimming next to a sea tortoise.
That said I think groups that have been economically disadvantaged over long periods of time process and integrate culture shifts like this more slowly.
Perhaps.
Vehicles have been pushed in every medium as status symbols. Creative financing options and cheaper insurance have allowed those affected by this to continue to participate. It isn’t just new cars but expensive restoration and customization of old ones.
I think this is beginning to fall away, in part because young people do not rely on physical presence to gain and maintain social standing among their peers as much as they used to.
So a better phone camera matters more than nicer rims. Selfies in front of a fancy car get less likes than swimming next to a sea tortoise.
That said I think groups that have been economically disadvantaged over long periods of time process and integrate culture shifts like this more slowly.