When I tell you that I owe $48,000 on this car, and the resale value is like 20,000 I don't know what I'm gonna do, she said in the clip that's been viewed more than 6,000 times. Taylor says she paid roughly $58,000 for her 2023 Mustang Mach-E, including taxes, fees, and an extended warranty. That number isn't far off from typical transaction prices last year.
Homeowners in areas like Texas and Florida are experiencing negative equity, where their home value is less than their mortgage, a situation termed as "underwater." This issue is localized compared to the broader crisis of the 2008 housing bubble.