r/Detroit Macomb County 3d ago

News Stellantis tariff layoff update

Post image
243 Upvotes

69 comments sorted by

View all comments

Show parent comments

-62

u/Constant-Anteater-58 3d ago

Wouldn’t be a big loss for us. They’re not American or a Detroit company for that matter. They’re a French Multi Conglomerate.

52

u/Remote_Preference 3d ago

A lot of people in Michigan, both blue collar and white collar, work for Stellantis.

-60

u/Constant-Anteater-58 3d ago

Stellantis makes most of their cars over seas or in foreign countries and imports them from France and Italy. They’ve been talking about shutting down their US operations for years including selling the HQ in Auburn Hills.

50

u/Remote_Preference 3d ago

I'm sure that will make everyone getting laid off feel better when their homes get foreclosed on. 

-39

u/Constant-Anteater-58 3d ago

History repeats itself. Focus on keeping your debts low and afford a house with the mortgage that can be paid by one persons income. Not two. Remember how we got into the 2008 recession? And back then, homes were dirt cheap. People over extend their credit and get fucked because they are irresponsible. Hard to not do that in this economy. But the smart ones cover their asses.

38

u/Sullen_And_Sordid East English Village 3d ago

While I agree that financial prudence is important—especially avoiding overextension—your argument oversimplifies the causes of the 2008 recession and ignores key economic realities today.

  1. 2008 Wasn’t Just About Irresponsibility The subprime mortgage crisis was driven by systemic issues: predatory lending, deregulation, and banks bundling toxic assets—not just individuals "overextending." Many responsible homeowners were also screwed by crashing home values and job losses.
  2. Today’s Economy ≠ 2008’s Economy Homes weren’t just "dirt cheap" in 2008; wages were higher relative to housing costs. Today, prices have skyrocketed due to underbuilding, corporate investors, and low inventory. Telling people to "buy on one income" ignores that median home prices now require ~40% of median income (vs. ~25% in 2000).
  3. Two-Income Necessity Single-income homeownership was feasible when houses cost 2–3x annual earnings. Now they’re 5–7x in many areas. The problem isn’t recklessness—it’s stagnant wages and inflated costs. Even frugal buyers often need dual incomes to qualify.
  4. Survivorship Bias "The smart ones cover their asses" assumes everyone has equal opportunity. Many "responsible" people are priced out entirely due to factors beyond their control (e.g., student debt, healthcare costs, regional disparities).

Bottom Line:
Yes, avoid reckless debt—but blaming individuals for systemic failures (then and now) misses the point. The game has changed, and pretending otherwise helps no one.

24

u/NotGoodAtUsernames21 2d ago

There’s no point. This is one of those people who doesn’t realize they were born on third base and think they’ve scored a run all on their own. So fucking common and disgusting.

You’re right, by the way, about all of it. But good luck explaining systemic racism and economic hardship to a dipshit who thinks they’re smart and everyone who ever experiences difficulty is stupid.

P.S. I was born on third base, too. At least I can recognize the advantages I had and work to even the playing field. This asshole will be crying about “Biden’s economy” and Obama for some reason when they lose their job and house, too.

38

u/Remote_Preference 3d ago

I don't think I can help you understand. 

68

u/BombTheDodongos 3d ago

You can lead a conservative to water, but you can’t make them stop being a dumb cunt.

17

u/LPinTheD East English Village 3d ago

Well said.