What vehicle do you drive?
- Thread starter Marmac
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It’s a big if honestly. I think it’s gonna be a long time coming. Now that the floodgates are open for dealers doing this it’s gonna be a hard press to ever get them to stop doing it. Then couple that with no end in sight to soaring manufacturing costs, the chip shortage that doesn’t seem to be getting better, etc.
Soygen
The Dirty Dozen For the Price of One
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I literally bought a new house and new car at the beginning of last year. Very happy to not need either currently. We lost like 20 offers on several other houses before getting the one we're in now. Shit is crazy down here(south Florida). Ended up paying 16 grand over asking price. It's gone up in value by 100 grand since. Who the fuck can afford this shit? It cannot sustain a the current levels. Housing has never been less affordable in America than right this minute.
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Fucker
Log Wizard
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Sludig
Golden Baronet of the Realm
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Been growing like this housing wise in co for years. Bought our house in 14 after watching average price for what we were looking at rise like 30k in a year. Lost a bid for 15 over. House now is very close to doubled.
We hate it and want to move but nothing local would make sense, just hoping the stuff we see in Oklahoma hasn't inflated wildly in a year or two from now.
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Same shit in Europe. Inner city real estate has gone up 15% or more in a year.
I'm going to buy some cheaper rural shit, because once the generation moving into the inner city realize it was a dumb idea, that shit will be premium.
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Soygen
The Dirty Dozen For the Price of One
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It's pretty bad all over in Florida. I'm in the suburbs, about as far as you can get from the inner city in Broward county. You swim across the canal in my backyard and you're literally in the Everglades. Prices are nuts from here to the beach.
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Yah, I came from Florida and my parents still live there in a more rural gulf county. Their house has went up $100k or more in the past 5 years. This was from being worth maybe 125k before that. Mind you this is an area where 125k bought you a 2,000 sqft house on acreage with a pool.
Fucker
Log Wizard
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Idaho went from affordable to start out in to completely unaffordable in just a few years. I'm out midwest now, and prices are still stable-ish, but prices here will go nuts as the western states fill up, which will happen a lot sooner than I can imagine. I've been in this house for 3 months, and already at break even point after the 6% whack I'll take when I sell it. I might bag some extra cash, but I am not holding my breath. Crazy part? Dead of winter and average time for a house to be on the market is ONE day.
Fucker
Log Wizard
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Nope. I'm glad I have my slice of the pie, but it sucks knowing the American Dream is off the table for millions of Americans and only getting worse. People of limited means entering the workforce today will work their entire lives and will have nothing to show for it.
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There is no more American dream, there is only the World Economical Forum dream.
You will own nothing and be happy, your nation has already subscribed for this model.
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The_Black_Log Foler
Stock Pals Senior Vice President
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Lambourne
Ahn'Qiraj Raider
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The_Black_Log Foler
Stock Pals Senior Vice President
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When I fill my car up, like 30% of the price is fuel cost, the rest is taxes, and taxes on top of those taxes.
Whatever fuel cars will run on, the government / Europe will always claim this income.
Invest into illegal petrol import towards Europe, shit is going to be worth more then weed soon.
For info, its 90$ to fill a 4-series tank. Well guess that is for 4/5th of a tank. 55 liters tops at current price.
Whatever fuel cars will run on, the government / Europe will always claim this income.
Invest into illegal petrol import towards Europe, shit is going to be worth more then weed soon.
For info, its 90$ to fill a 4-series tank. Well guess that is for 4/5th of a tank. 55 liters tops at current price.
Burren
Ahn'Qiraj Raider
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Correct, the housing market is in a big bubble, again. When the market pulls back, homes, cars, boats, watches, stocks, etc. will correct and people who over-extended (because they used money they don't really have) will be fucked. No one ever learns. Ever.
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Hachima
Molten Core Raider
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A lot depends on the region too. BMW M cars are getting marked up ~5k in CA at nearly all dealerships right now. I still was able to get one under MSRP outside CA though.
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Fucker
Log Wizard
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People who bought reasonably overpriced houses in Idaho are probably safe from a bubble pop because people are still fleeing California and Oregon in huge numbers and bringing cash with them. For sure lots of panic buying in other areas, though.
I was going to build here, but the cost is higher than what I feel comfortable waiting for appreciation to grow in to....and for a not exemplary house at that.
There are still sane housing markets though. I'm going to grab something there in the next month or two and be done with the house thing for a while.
Cars are insane. BAT is bringing bonkers money and for sure a lot of people are going to be hurting when that market retracts.
brekk
Dancing Dino Superstar
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Spoke to a few dealerships today about Elantra N's. ZERO inventory in Northeast, but I can place a $100 deposit to build/order one. 2-6 month wait time, selling at MSRP.
Timing would kind of be nice to avoid buying in the winter, gives me the summer to enjoy and figure out snow tires for next winter as the stock Michelin Pilot Sport 4S's will not cut it obviously.
Timing would kind of be nice to avoid buying in the winter, gives me the summer to enjoy and figure out snow tires for next winter as the stock Michelin Pilot Sport 4S's will not cut it obviously.
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