• 0 Posts
  • 2 Comments
Joined 11 months ago
cake
Cake day: October 25th, 2023

help-circle
  • I’m hoping the car bubble is over.

    Pre-covid you couldn’t buy a vehicle, drive it for a year, then sell it for a profit.

    I knew of guys with a new vehicle continually on order. Because they knew when the next one showed up, they could sell the current one, order another new one, and make money doing it.

    I knew a guy driving a vehicle for a dealership because they had it sold out of the country. It had to be insured and driven for a number of months before it could be exported.

    It reminds me of the housing bubble where people had multiple new homes being built at the same time. They lost it all when it crashed and they couldn’t make mortgages on 4 houses.

    And speaking about houses. My wife’s new car cost more than our first condo.