The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans

what your not running out to pay 53k for a base suburban?

when you understand that an engine or trans is only a few hours away from removal miles(or k) begin to mean nothing. hell my three oldest cars all have missing or broken odometers.

Last Edited by OldCar on 06/12/2021 08:39 AM

You will be paying 13% on a house like we all did back in the 80's and 16% for car loans!

PM= Penis Massage?

A ticking timebomb for sure. Been working slowly to get my money out of the markets and into a safer play before all this shit happens.

Homes are an inflation hedge.

Thanks for the pine!!!

I always wondered if cars were hacked bit-by-bit in the MFG Service Center..

The so called "collapse" is because there are no homes or vehicles to buy! Demand is there, but no viable inventory or too few available for sale. Friend just bought a new Ford pickup. Ordered it last Dec and was able to get it in May. Dealer said people are trying to order new ones, but they cannot say when they'll get them. Ford is indicating fall delivery, maybe, at this point in time and they have no idea what the price will be of the vehicle until they build it. Today they cannot build it because they don't have the parts, esp. computer chips for them.

Houses here are not being completed because there is not enough lumber to build/finish homes. Also, all the builders are booked so a 2 year wait at least to get a good builder to start a home. So, I don't think there is a 'hangover' yet. People are still trying to get into the party.

Some economists are calling for 20-30% price increases across the board this 3rd quarter.....

Thats nice but if you understand who and why this has all been CREATED, you will understand that they have made it so that passive success on the part of the public is neither desired or allowed.
Its an endgame move and they want you to not be in their way when they officially declare that EVERYTHING on the planet is now THEIRS and youre to be disposed of as garbage.

Zerohedge nonsense.

The only DEFENSE against this and more is to not allow those behind this all to dictate the terms and conditions for everything the public does.

Youre being managed into self destruction if you dont defend yourselves against the subversion of your official infrastructure.
They are literally making your survival impossible and its not getting better

You are wrong on why houses are not being completed. There is no lumber shortage. This is disinfo. There are plenty of homes coming onto the market, the problem is WHO is buying them. No one is buying new cars, I see lot after dealer lots loaded with new cars. The used car/truck market is exploding.

Eh? Dealerships are having a hard time getting inventory. GM, and Ford especially. Chrysler products are the only ones still flowing, however deliveries are still delayed.

This 'shortage' is being blamed on a fire at a semiconductor factory, while the delays are said to be due to covid.

I work in the auto industry

A 2018 car I was looking at Last Fall was 27k, Last week same used make/model 42k,New, 58k

Thanks jo

My Credit Union is sending daily messages to buy a New car now before the inflation strikes. I have decoded this to mean I can purchase a light used vehicle for pennies on the dollar in a year or so.

_________________

You can still Dream!

Too many dollars chasing to few goods and services

Just list it now retart, its not a stock option you need to wait on. Start the trend now if you're so certain.

Yep. That is what will happen soon enough. I remember those days.

I recently paid $20k for a 2017 Subaru Impreza with 15k miles, after all paperwork/fees. I paid off the loan within a few months, at 4.7% interest. The initial list price was $16.5k, which I didn't think was too unreasonable. Maybe only certain types of vehicles like trucks and suvs are affected more?

I bought my van, used, 30,000 miles about 5 years ago for 8,000. I have 105,000 on it now and they are selling for about $5,000.
My sister got hers for 17,000, now has 140,000 miles on it and could sell it for 12,000.
Used prices are stupid right now.

Last Edited by Val Wiggin on 06/12/2021 11:06 AM

Something else is happening in the housing market, pension funds and other entities are sweeping in to buy these homes.

They will own nothing, and be happy.

used, quality japanese 4 cylinder cars will be able to name their price soon. affordable, good used hondas and toyotas will command a premium and in my opinion will at minimum continuously hold their resale value.

Not stopping the Elites.


This is not going to end well.