[merrylander]

Originally Posted by piece-itpete

Easy availability of credit (and prosperity)(and increased population). Home loans (any loans!) were way different. Look at the car payment.

And most are better off as well.

Simplistic and not complete - and I'm no expert

Pete

I recall the first car loan I ever received, back in Quebec. No hassle it was a small bank branch and the manager knew me, no stinking credit bureaus involved. As I paid off the loan the interest portion dropped because it was based on the outstanding balance. Now here car loans are like mortgage loans and the interest is constant - this is an improvement?