You guys haven't seen crazy insurance prices until you've been a 29 year old male with a not exactly perfect driving record trying to get full coverage on a 1000cc sport bike. :D
That was probably my first lesson in "hey, maybe insurance isn't worth it if I could just buy a new bike for the cost of 2.5 years of premiums".
But back to the crazy cost of cars, lately I've been enjoying this guy's channel:
https://www.youtube.com/@carquestionsansweredMostly because he doesn't hold back on making fun of $100k trucks and SUVs, but he also brings some eye opening data.
It's interesting how bad the car industry has screwed itself with very expensive cars:
-People can't sell their car because they are completely upside down in them
-Dealers can't sell because they need at least MSRP to break even because all their inventory is financed
-Car manufacturers have made huge bets in fields that may not be profitable like self driving and electric cars
Eventually, somebody is going to have to eat some major losses when the music stops.