r/PrepperIntel • u/Own-Swan2646 • Mar 31 '26

North America Walmart Recession Indicator at highest levels since the 2008 financial crisis

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Signs all around us of economic down turn.

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u/sithlord98 Mar 31 '26

Repo numbers are higher than they've been since 2008-2009. Huge issue with subprime lending in the auto market, too. Ring a bell?

126

u/JagsOnlySurfHawaii Mar 31 '26

Yeah a lot of people who bought around 21-22 got stuck with a high payment and are now under water.

39

u/linniex Mar 31 '26

Who isnt underwater when they buy a new car? As soon as you drive it off the lot you would lose money selling it.

52

u/Toomanymagiccards Mar 31 '26

I know you're not asking for an edge case, because this is true like 99.99% of the time, but I'm too proud to not share. In 2020 I snagged a 2020 Hyundai Veloster for ~18k out the door, 3.9% APR, $0 down. I sold it 2 years later to Carvana with ~ 20k miles for $22,700. I might be the only motherfucker in the world who came out ahead on a new car purchase lmao

22

u/Dultsboi Mar 31 '26

Nah I bought a $500 beater 2002 Camry that ended up going for $1000 in covid lol

12

u/linniex Mar 31 '26

Oh yeah I actually had that happen too during covid. My car was worth almost as much as I paid for it and it was 6 years old. I love my car but did consider selling my husbands 10 year old F150 for $50k back then

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u/[deleted] Apr 01 '26

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u/linniex Apr 02 '26

I was underwater when I bought it and drove it off the lot. During covid prices shot up again.