01-12-2022, 08:58 AM | #71 | |
Solving problems
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01-12-2022, 09:00 AM | #72 | |
Solving problems
Join Date: Oct 2003
Carmudgeonly Ride: M5 / 718 GTS / Cooper S / GTI / LR4
Location: Metro Boston
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Quote:
Of course, first one would need the vacation home. All that said, the new ones (JLs) are a lot better, but I was surprised by how cramped it felt when I drove a friend's in the parking lot. |
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01-13-2022, 12:50 PM | #73 |
Jaded
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ARK’s Cathie Wood Predicts Used-Car Bloodbath. Please. https://www.barrons.com/articles/cat...bfgo449gdmdgiu
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01-13-2022, 12:58 PM | #74 | |
Relic
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01-13-2022, 12:59 PM | #75 |
Jaded
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01-13-2022, 01:07 PM | #76 | |
Chief title editor
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If all used cars suddenly lost 50% of their value overnight, what would happen? Demand for new cars would drop to what the industry can produce? That's a problem? Used car owners might be kinda bummed that even if they're upside down, if they could afford the payment before the drop, they ought to be able to afford it after and life will go on just fine for everyone other than those profiting off the very unusual current circumstances. It's not like the housing bubble of the late 2000s when ARMs adjusted, people couldn't afford the adjusted payments or refinance at higher valuations with more cash out and restarting their ARM clocks. Sure, some kind of predictable normalcy is likely to reestablish itself at some point and used car values will probably drop considerably (or possibly just stay flat for a very extended period), but how much is the delta between trade-in and replacement going to change? Who is going to be meaningfully harmed other than profiteers?
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OH NOES!!!!!1 MY CAR HAS T3H UND3R5T33R5555!!!!!!1oneone!!!!11 Team WTF?! What are you gonna do? |
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01-13-2022, 01:08 PM | #77 |
Chief title editor
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Seriously...who's blood would it be anyway?
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OH NOES!!!!!1 MY CAR HAS T3H UND3R5T33R5555!!!!!!1oneone!!!!11 Team WTF?! What are you gonna do? |
01-13-2022, 01:12 PM | #78 |
Carmudgeon
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Isn't she also the person who is extremely bullish on Tesla ( basically predicting they'll be worth a gazillion dollars one day because of self driving taxis)?
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01-13-2022, 01:23 PM | #79 |
Relic
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Yep. And her ETF took a nosedive over the last year after she predicted 40%+ returns for many years to come…
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01-17-2022, 12:06 PM | #80 |
Jaded
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Could hot used-vehicle market lead to burns? https://www.autonews.com/used-cars/c...ket-lead-burns
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