As far as gas prices, since people are walking away from their overpriced homes that have lost significant value that they can't afford, do you think since their credit is already marred, that they will be walking away from all those big gas guzzling SUVs? I mean, that's got to be hurting about now. Payments, insurance, and gas. They can't sell it. No one wants to buy those gas hogs. Trade-in is almost 1/2 what they paid a year ago. SUVs are not moving at dealers. Looks like an SUV cemetary.
There were stories of people upside-down on SUV loans were setting them on fire in L.A. to get out of the loan via insurance payments.
