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Old 08-04-2022, 11:12 AM
 
29,611 posts, read 14,753,693 times
Reputation: 14514

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Quote:
Originally Posted by jobaba View Post
That may be how it is.

But it SUCKS for some people. IF that were to happen mind you.

And that is my point. If you don't like it, then you don't like it.

If you need to buy a home when tons are getting foreclosed on, well ... it's good luck for you. Doesn't mean it doesn't suck for somebody else.
It's life. Things don't always work out for us. That isn't what your first post alluded to though.
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Old 08-04-2022, 11:17 AM
 
12,101 posts, read 17,131,086 times
Reputation: 15776
Quote:
Originally Posted by scarabchuck View Post
It's life. Things don't always work out for us. That isn't what your first post alluded to though.
Look, I'm not gonna get into this too much, but...

You're hoping that thousands and thousands of people default on their loans so you can save $3500 on buying a Honda Accord (and that's IF things go back the way they are AND you were a great haggler to being with).

That's my point.

And none of those things are happenin anyway.
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Old 08-04-2022, 11:20 AM
 
24,573 posts, read 18,352,155 times
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The clickbait article in the OP doesn’t consider the demographics of new car buyers. They’re generally pretty affluent. They’re not the people who get laid off in an economic downturn. We have such a shortage of late model used cars due to the chip and supply chain mess that used car prices are going to stay firm for the foreseeable future.

The housing market is the same way. We have a huge shortage. Most people bought before prices soared and they’re locked into absurdly low 2 1/2% fixed rate mortgages. Nobody is going to sell because they’ll never see that mortgage deal ever again.

So for prices to drop, there needs to be a supply glut. That simply isn’t where we are. 2020, 2021, and 2022 are way off in new car units sold.
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Old 08-04-2022, 11:41 AM
 
29,611 posts, read 14,753,693 times
Reputation: 14514
Quote:
Originally Posted by jobaba View Post
Look, I'm not gonna get into this too much, but...

You're hoping that thousands and thousands of people default on their loans so you can save $3500 on buying a Honda Accord (and that's IF things go back the way they are AND you were a great haggler to being with).

That's my point.

And none of those things are happenin anyway.
Please show were I stated that ? You're replying to the wrong person. You couldn't give me a Honda Accord.
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Old 08-04-2022, 11:47 AM
 
12,101 posts, read 17,131,086 times
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Quote:
Originally Posted by scarabchuck View Post
Please show were I stated that ? .
If you don't wish for that to happen, then we have nothing to talk about.
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Old 08-04-2022, 11:59 AM
 
Location: Western PA
10,945 posts, read 4,623,045 times
Reputation: 6824
Quote:
Originally Posted by BostonMike7 View Post
I blame C4C for the demise of so many good 302-engined Ford Explorers that would make good engine cores. Now, it's damn near impossible to find a cheap 302 block that hasn't been bored 0.040" over already

QFT. just try to find a roller capable XXX casting for under $500 as you said...not bored into tissue paper
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Old 08-04-2022, 12:03 PM
 
29,611 posts, read 14,753,693 times
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Quote:
Originally Posted by jobaba View Post
If you don't wish for that to happen, then we have nothing to talk about.
Well, actually we do. I don't like accusations...but whatever.
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Old 08-04-2022, 12:55 PM
 
Location: Grosse Ile Michigan
30,708 posts, read 79,954,203 times
Reputation: 39459
More likely to crash prices is the sudden release of the thousands of nearly completed new cars that have been sitting in parking lots and fields for months waiting for chips. When they finally get the chip issue worked out, there will be a glut of new cars suddenly available. They will need to move them quickly because they are this years model (or last years). They can still sell them as new since there were never completed, but the models change year to year so they will soon be outdated models.
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Old 08-04-2022, 01:25 PM
 
12,101 posts, read 17,131,086 times
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Quote:
Originally Posted by scarabchuck View Post
...but whatever.
Ok, I apologize. My bad. Have a good one.
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Old 08-04-2022, 01:29 PM
 
29,611 posts, read 14,753,693 times
Reputation: 14514
Quote:
Originally Posted by jobaba View Post
Ok, I apologize. My bad. Have a good one.
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