You just wait...

[strat61caster]

Originally Posted by Irace86.2.0

Big companies were receiving huge bailouts, but no one was looking out for the little guy, yet now, it seems different. Am I way off?

Yup way off. Tcoat hit upon the 'deferments' are not freebies, many are due in full in a few months. The bailout is more money for businesses than individuals ($877 Billion vs. $560 Billion). The Federal Government is hijacking medical supplies and funneling them through private companies who are price gouging to the highest bidder.

https://www.npr.org/2020/03/26/82145...us-aid-package

https://www.npr.org/2020/04/15/83530...ical-supply-or

[Irace86.2.0]

Originally Posted by Tcoat

Read the fine print in those "differed" payments. In most cases you are just compounding interest. Sure you don't pay now but when you do pay you end up paying more. The financial institutions ain't taking a hit for nobody. The little guy is still going to take it in the ass. The middle guy is going to end up paying for all the bailouts (the money isn't coming from a magic cash fountain) so they will get reemed as well. The top of the pile will walk away saying "I have no idea what the complaints are about since I am doing fine".

Well, my federal student loans were deferred in the past without accruing interest. The rents I believe are deferred without interest. I don't have any credit card debt, but my Best Buy card recently sent a letter that they are changing the deals, incentives and increasing the APR. Some of that could be to safeguard against lending at risky margins, but I'm sure there will be plenty of shadiness in the fine print, as you have highlighted.

[Tcoat]

Originally Posted by Irace86.2.0

Well, my federal student loans were deferred in the past without accruing interest. The rents I believe are deferred without interest. I don't have any credit card debt, but my Best Buy card recently sent a letter that they are changing the deals, incentives and increasing the APR. Some of that could be to safeguard against lending at risky margins, but I'm sure there will be plenty of shadiness in the fine print, as you have highlighted.

Student loans are different in many cases. Differed rent is not a loan. Somebody will lose money by deferring rent though. Credit cards are guaranteed to be compounding the interest on deferred payments.

[Tcoat]

Originally Posted by Atmo

Toyota makes it easy to at least locate, selling price from listed price would TBD on negotiation or broker used like Costco:

https://www.toyota.com/search-inventory/


Incentives are determined by dealer request and total day's supply including dealer stock, in transit and port stock so if an incentive is listed, there's a good chance many will be available.

keep the faith! Things are going to change when they have either have no costumers or no stock left.

[Irace86.2.0]

Originally Posted by strat61caster

Yup way off. Tcoat hit upon the 'deferments' are not freebies, many are due in full in a few months. The bailout is more money for businesses than individuals ($877 Billion vs. $560 Billion). The Federal Government is hijacking medical supplies and funneling them through private companies who are price gouging to the highest bidder.

https://www.npr.org/2020/03/26/82145...us-aid-package

http://<b>https://www.npr.org/2020/0...-supply-or</b>

Not surprised. This administration never ceases to amaze me.

[Atmo]

Originally Posted by Tcoat

keep the faith! Things are going to change when they have either have no costumers or no stock left.

No need for faith when facts are on your side. There's a reason Toyota is the most successful and profitable auto manufacturer in the world and their strategy, planning, and execution is partly why. You'll never see Toyota begging for a bailout even with JIT production stressing their limits.

Noteworthy is that Toyota hasn't had any furloughs or layoffs even though plants are shut down and full employment is planned when conditions allow.

[strat61caster]

Originally Posted by Irace86.2.0

Well, my federal student loans were deferred in the past without accruing interest. The rents I believe are deferred without interest.

You live a very privileged life if you think that the people who are most vulnerable are happy that their deferred rent doesn't have interest associated. They're not bringing in any income for the foreseeable future, if they're lucky unemployment fully covers them, but in many places it won't, take California for example, maximum benefit is $450 a week, imagine you're bad with money and you don't have savings and you can't get a job for 4 months (it took me 6 months last year), can you make rent and put food on your table if all of your deferred payments are due in July on $450 a week? I know I couldn't and I had a below market place shared with 3 other people, thankfully ample savings, living below my means, and a generous severance package meant that 6 months of unemployment was a minor hiccup in my life.

40% of Americans can't come up with $400 in a day before the pandemic, that's ~100 million people who are a bad day away from a ruined life.

Edit: and 'this administration' didn't write the stimulus package, our legislature did. They're also the ones who decided 'checks and balances' isn't relevant in current government.

[Tcoat]

Originally Posted by Atmo

No need for faith when facts are on your side. There's a reason Toyota is the most successful and profitable auto manufacturer in the world and their strategy, planning, and execution is partly why. You'll never see Toyota begging for a bailout even with JIT production stressing their limits.

Noteworthy is that Toyota hasn't had any furloughs or layoffs even though plants are shut down and full employment is planned when conditions allow.

You had best go check your "facts".

[Lantanafrs2]

Whenever I hear about buyer incentives I imagine the difference being made up by hidden charges. The ones they tell you about when you go to pick the car up lol

[Atmo]

Originally Posted by Tcoat

You had best go check your "facts".

One of us should.

“Toyota’s philosophy continues to be long-term, stable employment for team members,” the company said. “We are not furloughing any of our direct employees. We are asking our hourly plant employees to take two days out of the 10-day extension as “PTO” (paid time off), or they can go without pay if they don’t have PTO banked."

https://www.thedetroitbureau.com/202...aid-furloughs/

"Toyota said it will pay its employees for three weeks and are asking workers to take one week of personal time during the shutdown."

https://www.ksat.com/news/local/2020...n-temporarily/

[soundman98]

Originally Posted by Lantanafrs2

I'll bet anyone that the Tesla comes out of this faster than the big 3. More flexible infrastructure and greater ability to adapt.

start looking up who supplies them. i think you'll quickly find that they get many parts from many of the same places...

Originally Posted by Irace86.2.0

I'm sure it will have long term ramifications for many people and industries. I just think it is too soon to suggest the situation is worse than the 2008 recession. It definitely could be.

It is a boom for many people right now.

who?!?

Originally Posted by Irace86.2.0

Not personally. The wife and I have essential jobs and are even working overtime and at premium pay. We have more than the recommended 'six months of savings', and we are 30+ years from needing to pull from our retirement, so we aren't even looking at our 401k/investments (because things will eventually rebound). My brother is an officer. His wife is a city official. My parents are also essential and still several years away from retirement. My extended family works for Google, works for the city, are multi-millionare industrial business owners on the eat coast, is retired, etc. Almost everyone is coincidentally going to be fine by most metrics.

this brings a ton of context to your posts. i worked for a customer a couple days ago. he lives in a mid-7-figure house(where the median housing prices are very low 6-figure) with his wife, i was there to reprogram some light timers because he couldn't be bothered to do himself. while i did that, he complained about how he was a little disappointed over losing $400k on a real estate investment that didn't work out. he finally shrugged, and said "well, it wasn't much better than last time i had a layover in vegas."

and i just smile and nod. because he's so far and away from where i am, there's just no point in even carrying a conversation about it.

you're out of touch with the average reality. so out of touch that even the term doesn't correctly describe the situation. you're playing senior-level chess while the rest of us are figuring out potty training.

Originally Posted by Irace86.2.0

I had the idea that there would be less greed, that we would see far less of what we saw during the recession, that is, people who are the poorest getting taken advantage of the most.

I have seen deferred rent, deferred student loans, payment plans on bills, etc that I just didn't recall seeing during the recession. I remember banks jacking up people's interest rates after people missed a credit card payment, and foreclosures happening left and right. Big companies were receiving huge bailouts, but no one was looking out for the little guy, yet now, it seems different. Am I way off?

this time, the companies are better prepared for such a situation because of the 2008 recession. this time, they understand that at least making it look like they're there to support the blue collar workers pays massive dividends in positive marketing for years to come. the big banks are still getting backlash for taking bailouts and not doing anything. they learned their lesson this time around. even if it's lip service in a $50/car 'refund' from car insurance...

[Tcoat]

Originally Posted by Atmo

One of us should.

“Toyota’s philosophy continues to be long-term, stable employment for team members,” the company said. “We are not furloughing any of our direct employees. We are asking our hourly plant employees to take two days out of the 10-day extension as “PTO” (paid time off), or they can go without pay if they don’t have PTO banked."

https://www.thedetroitbureau.com/202...aid-furloughs/

"Toyota said it will pay its employees for three weeks and are asking workers to take one week of personal time during the shutdown."

https://www.ksat.com/news/local/2020...n-temporarily/

Let's try to get up to date then.

Toyota Motor Corp. is laying off about 5,000 temporary staff employed by partner agencies as it extends the shutdown of its North American auto plants a third time, citing the coronavirus outbreak and weak demand.

Full-time Toyota production workers will continue to be paid, though the company is asking them to either use two paid-time-off days during the longer shutdown or forgo two days of pay.

They have paid them so far but that is coming to a rapid end. Toyota is not immune to the effects of this no matter how well they have handled things in the past and they are either going to have to act or fall.

Your rabid fanboism for them is sweet but ill placed since this is a totally unprecedented event with completely new affects.

[Irace86.2.0]

Originally Posted by soundman98

who?!?




this brings a ton of context to your posts. i worked for a customer a couple days ago. he lives in a mid-7-figure house(where the median housing prices are very low 6-figure) with his wife, i was there to reprogram some light timers because he couldn't be bothered to do himself. while i did that, he complained about how he was a little disappointed over losing $400k on a real estate investment that didn't work out. he finally shrugged, and said "well, it wasn't much better than last time i had a layover in vegas."

and i just smile and nod. because he's so far and away from where i am, there's just no point in even carrying a conversation about it.

you're out of touch with the average reality. so out of touch that even the term doesn't correctly describe the situation. you're playing senior-level chess while the rest of us are figuring out potty training.



this time, the companies are better prepared for such a situation because of the 2008 recession. this time, they understand that at least making it look like they're there to support the blue collar workers pays massive dividends in positive marketing for years to come. the big banks are still getting backlash for taking bailouts and not doing anything. they learned their lesson this time around. even if it's lip service in a $50/car 'refund' from car insurance...

Amazon. Grocery stores. Other essential industries that have absorbed other business' customers. Home delivery is doing really well.

We live in an apartment, so we can live below my means, have the mobility/flexibility to move if necessary, and to maximize our savings, so we are not too privileged. My wife and I both work decent jobs with decent salaries, relatively. We also work a lot... 50-60 hour per weeks. In fact, my wife works two jobs regularly (only one now). We don't have kids, or plan to, or debt, so we have a lot of savings. We are definitely not rich or in the top of anything in terms of salaries or assets. We are just better situated than most.

[Atmo]

Originally Posted by Tcoat

Let's try to get up to date then.

Toyota Motor Corp. is laying off about 5,000 temporary staff employed by partner agencies as it extends the shutdown of its North American auto plants a third time, citing the coronavirus outbreak and weak demand.

Full-time Toyota production workers will continue to be paid, though the company is asking them to either use two paid-time-off days during the longer shutdown or forgo two days of pay.

They have paid them so far but that is coming to a rapid end. Toyota is not immune to the effects of this no matter how well they have handled things in the past and they are either going to have to act or fall.

Your rabid fanboism for them is sweet but ill placed since this is a totally unprecedented event with completely new affects.

I guess I should get a shot for my rabies then?

And 5,000 temps employed by vendors qualifies as TMC employees? Don't think so and where is the link for context?

So far today, I've disproved all of your hysterical claims, which wasn't difficult.

Now we're, in your mind, to assume forgoing two days of pay if and only if paid time off wasn't banked, as furloughed?