Pretty much any new car that is financed is underwater when it's driven off the lot unless the buyer put at least 30% down.
True, but usually not so much that when it comes time to trade it in on a newer vehicle, the owner is so deep underwater that making a sale is impossible because the lender won't do it.
That's the dilemma this gentleman is talking about in this Twitter thread.
Exactly. Except this blogger uses 40 one-sentence paragraphs to say the same thing. And adds exclamation points and panic emoticons.