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.The fun part comes if things ever do retract, all the people under water.
It is crazy.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.
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.It is crazy.
Liberals are pricing Americans out of America.
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.
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.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.
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.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.
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.Been growing like this housing wise in co for years. Bought our house 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.
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.iTs JuSt TranSitorY
it certainly isn't going to improve.
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.
Hell of a grocery-getterThe guy at the BMW dealer keeps saying that word in the business was that hydrogen is the long term plan. BMW doesn't even sell a hydrogen car right now so not like he was trying to get me to buy one.
I don't think prices are going to come back down significantly, inflation is something that time has shown is permanent. It may slow down or speed up but prices don't really come back down. In 1970 you could buy a new Corvette for $5,000, which was already a substantial jump up from the years before. By 1980 it was over $13,000 for what was basically the same car, except with less power because of increased emissions regulations. If you'd waited for "prices to come back down" in 1970, you'd still be walking everywhere. The parallels to today are strong.
I bought a 540i two weeks ago. Definitely a dearth of young used cars, so for my money it was either a 2019-2020 with the 4 cylinder or a 2017-2018 with the 6. Went with the 6 as it's just a fantastic engine and I feel I'd regret going with the 4 in a few months. Also avoided getting a particulate filter this way, which is something that's just going to cost me money in the long run.
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Hell of a grocery-getter
Hey I ain’t knocking it!Yea gotta get the frozen pizza's home quick.
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.
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.People ARE buying. That's the problem.
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.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.