Any insurance, be it car, house, life. It's all scams. You're essentially paying someone legally to bet on your behalf, and than getting a pittance of a payout. That's ONE problem. The more annoying problem, is rapid hyper inflation in whatever industry is touched by insurance. Car insurance for example, a small light bulb used to cost a few cents to replace. Now, you need to buy the entire casing, the wiring, and it costs 1200$ not including labor. This is because you only pay the deductible, so everyone and their mother can skimp from the top. Same with homeowners insurance. A simple home inspection is 500$. In 1955, getting a deed/house title notarized and approved was 1$ …. I know because I saw a historical document to that effect. Thanks jews! A true blessing to the world /s
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[–] peacegnome 0 points 1 point 1 point (+1|-0) ago
Cars as a social status symbol is a scam. One little scratch shouldn't matter to you unless you are hoping to keep the car in mint condition for 30 years to have as a collectors item.
This irrational market forces new models, and so parts change. If you want to fix a 1998 corolla then it is dirt cheap. That car also got 38mpg. why can't I just buy that car? The demand is there, maybe not for $15k, but for people like me looking for cheap cars that run forever and have parts available.