Starting with some trivia, back in the 1930's a little man rose up to save Germany from Communism with Socialism. He put in motion a car company called Volkswagen which translates as "The People's Car." You may have noticed one or two of them on the road. The picture below may suggest what the future has in store for us.
-----------(Satirical Rendition of Batman’s nemesis, The Joker)---------
Let’s see now, your car isn’t worth $1,000 and you can turn it in and buy a new car and get a $4,500 rebate. I wonder if the $4,500 is considered a down payment? Then the dealer is going to drain the oil on the clunker and then add Liquid Glass to it and run the engine until it freezes up. In essence, the government has destroyed the low end of the car market. The new minimum price for a used car is now $4,500—do you wonder how I arrived at the figure? Plus why do we have to destroy vehicles that have real value as spare parts?
California still offers a plan where you can get $1,000 for a clunker that can’t pass a smog check. Of course the only way to get it to fail the test is to disable one or two spark plugs (sshhh). Business has to be slow at the smog return window.
Charity car donations have gone to hell. The services they provided have vaporized (things like food banks and soup kitchens). They don't even need the volunteers anymore, they have nothing to hand out.
I’m not ready to turn in our 95 Dodge Caravan and have them pour Liquid Glass in it. It has another 50,000 miles in it. Why not let anyone that wants a car get the rebate? Not everyone bought a gas guzzler.
Most of those clunkers are probably paid off. Let’s give these new car owners some real debt to help "stimulate the economy" (force them into bankruptcy????). Now, the car buyer has a new car for a couple of months or until the repo man discovers the vehicle's location.
Lost your home and have clunker? Relax, trade up to a new Ford Camper, courtesy of our government. Thank the "Klunkers" in Congress for your new "Mobile home." The great thing with this rebate program, if you keep on the move, you don’t even have to worry about making the payments.
Do you get the idea that the "Fog a Mirror" Real Estate Loan Game works quite well when applied to other products?