Another indicator that the economy is bad

Ole Waru

Ole Waru

Elder Lister
One thing that I have noticed is the high number of vehicles on sale, especially high end luxury cars, right now yards seem to be full and buyers are few, that indicates that people are trying to dispose off assets due to tough economic situation.
 
Afro

Afro

Elder Lister
Cars are liabilities. If they were assets, then people would prefer to keep them. My little knowledge in financial literacy tells me assets put money in you pocket, which is what you want during hard economic times
 
LeoK

LeoK

Elder Lister
Afro said:
Cars are liabilities. If they were assets, then people would prefer to keep them. My little knowledge in financial literacy tells me assets put money in you pocket, which is what you want during hard economic times
Click to expand...
I wish people can be taught financial literacy in school starting at Primary. Anything that reduces your expenses and increases your income will leave you better off. Imagine taking a car loan yet that vehicle just goes to increase your income (assuming you are a salaried mofo without any other income).
 
Purple Lord

Purple Lord

Senior Lister
Anglututu said:
That niche always has money whether the economy is on its knees or not , especially considering driving luxury cars is now trendy in Kenya .
Click to expand...
So it's disingenuous to use this particular niche as a form of unit of measurement of the country's economic situation is it not?
 
You must log in or register to reply here.
Top