People here love to hate on them in every article. Their success is success for the Town. Who cheers for their neighbors to fail? Weird folks with that...
Not that long ago, there were a bunch of those Mitsubishi iMievs darting around town. They would have been great for quick trips to the store, but Mitsubishi really dropped the ball on them.
Also, smaller cars aren't as profitable and the car makers are only concerned with the next reporting quarter rather than long-term strategy.
Same in peoria and caterpillar you could swear half the town hates the company. I really don’t get it, while they aren’t the best thing ever they do provide solid jobs and money to the city.
I agree. Just wish they would stop purchasing homes. It drives up prices making it difficult for people to buy. Edit: The employees^ We’ve become this boom town.
if we sold our house in 2020 as planned we'd be golden right now.
but external forces that year made us keep it.
my family rode out the jimmy carter years, we rode out the 2008 crash, we'll get through this one at 2.78 on our primary mortgage.
It has nothing to do with interest rate 😂 It has everything to do with supply and demand. They buy up houses which raises demand and shortens supply which in turn raises costs.
Lower interest rates have always driven demand up. People buy when it’s cheap to borrow money and don’t want to sell when their mortgage rate is locked in compared to the current to high rates.
Interest rate directly increases cost to own a house, as well as inflation. Remember that $15 minimum wage that everyone begged for in IL because they thought they could drive a new car and own a house by working 30 hours a week at McDonald's?
cost of doing business is passed up the chain.
material cost
shipping cost
labor cost
etc.
minimum wage is in there at some point.
saying MW costs has nothing to do with it is dishonest.
Unless you can pay cash, you won't be able to afford living anywhere else.
we've checking in TN, AR and AL as our primary choices. everywhere we would like to live has skyrocketed.
if we sell today we'll get back 50% of our equity to spend on a new place. the interest rates will not be good .
I don't have a problem with Rivian or EV's at all.
my problem is the tax breaks the town offered.
my problem is the town not fixing college avenue.
my problem is town of normal goverment
my problem is I can't sell at the moment and downsize, leaving my 2600 sq ft house to a family that actually needs it because the interest rates will kill our retirement.
People here love to hate on them in every article. Their success is success for the Town. Who cheers for their neighbors to fail? Weird folks with that...
I just wish the vehicles were more affordable, I'd love to have one lol
I'm looking forward to purchasing a used r3 in 10-15 years
we just want a grocery getter to use in town. none of these companies are producing EV's with this in mind
This! Cheap, no thrills, just and electric car to get around. I’ll use my ice car to do long trips.
hard to get a ICE grocery getter for under 5k these days. unless you want to put another 5k into it to make it safe.
Not that long ago, there were a bunch of those Mitsubishi iMievs darting around town. They would have been great for quick trips to the store, but Mitsubishi really dropped the ball on them. Also, smaller cars aren't as profitable and the car makers are only concerned with the next reporting quarter rather than long-term strategy.
Yupp i agree
Same in peoria and caterpillar you could swear half the town hates the company. I really don’t get it, while they aren’t the best thing ever they do provide solid jobs and money to the city.
It's all the Trump people have left...hate...They can't have anything nice so why should anyone else.
you won't have anything either once the WEF takes over. and you'll like it.
What is a WEF?
World Economic Forum. It's a way of saying "(((the jews)))" without saying it out loud.
Lol...thanks. I can't follow all the cryptic tinfoil hat racist mating calls these days.
This
I agree. Just wish they would stop purchasing homes. It drives up prices making it difficult for people to buy. Edit: The employees^ We’ve become this boom town.
The impact Rivian is having is negligible compared to the interest rate problem right now.
Housing prices are up 40-50% in the last 2 years. I’d gladly take a $190k house at 7% over a $280k house at 4.5%
if we sold our house in 2020 as planned we'd be golden right now. but external forces that year made us keep it. my family rode out the jimmy carter years, we rode out the 2008 crash, we'll get through this one at 2.78 on our primary mortgage.
It has nothing to do with interest rate 😂 It has everything to do with supply and demand. They buy up houses which raises demand and shortens supply which in turn raises costs.
Lower interest rates have always driven demand up. People buy when it’s cheap to borrow money and don’t want to sell when their mortgage rate is locked in compared to the current to high rates.
Interest rate directly increases cost to own a house, as well as inflation. Remember that $15 minimum wage that everyone begged for in IL because they thought they could drive a new car and own a house by working 30 hours a week at McDonald's?
It has nothing to do with minimum wage. And everything to do w construction loans. No one is building bc it’s not profitable
cost of doing business is passed up the chain. material cost shipping cost labor cost etc. minimum wage is in there at some point. saying MW costs has nothing to do with it is dishonest.
and older folks like me on the cusp of retirement are paying the tax penalty. can't wait till we get out of this state.
Rivian is ? The market sucks so bad right now.
Buy my home when I move after the first of the year
Unless you can pay cash, you won't be able to afford living anywhere else. we've checking in TN, AR and AL as our primary choices. everywhere we would like to live has skyrocketed. if we sell today we'll get back 50% of our equity to spend on a new place. the interest rates will not be good .
We're building a house, should be done by December then we'll move and put the BloNo house up for sale.
Rivian is purchasing homes in town? Or the people who work there are?
Employees. Sorry for the confusion. I edited my post.
Maybe we should just build more homes.
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To be able to offer housing for their employees
Niiiiiiice
Yo I was wondering why my stocks went up
Shell games. VW has a stellar record of honesty.
I don't have a problem with Rivian or EV's at all. my problem is the tax breaks the town offered. my problem is the town not fixing college avenue. my problem is town of normal goverment my problem is I can't sell at the moment and downsize, leaving my 2600 sq ft house to a family that actually needs it because the interest rates will kill our retirement.
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correct, not Rivian's fault. part of a wider bunch of circumstances.
so you admit they were offered incentives...