Houston Crosta

A lot, right?

And because they didn't have the power of the OEM, right?

The manufacturers helped a lot of the big dealerships stay afloat during the pandemic.

And then we had the big boom because obviously we had chip shortages and everything.

And so pretty much every single person across the country that was in the car business was making record month after record month after record month

But they were adding all these market adjustments to the cars.

You remember that, right?

Yeah.

Like a $100,000 car was like actually like $120,000 by the time you bought it because there was only five of them available and you had to pay 20 extra.

But now that car is only worth like $60,000.

And so people who finance those cars owe like $90,000.

So you lost like literally like $50,000 in an hour.

Isn't that crazy?

Crazy.

So if you wanted to get out of that car, right, you'd have to forfeit all of that money.

Plus you'd have to come out of pocket to go into the new one, right?

So most people, the banks have tightened up so much.

The banks won't lend you 100%.

Of the value anymore.

They only want to lend you 80% of the value.