240K house in 2021 @ 2.65% = $967
240K house in 2023 @ 7.939% = $1,751
At current interest rates, prices would need to go down by half/50%+
Car prices going back down
- Thread starter gho3st
- Start date
240K house in 2021 @ 2.65% = $967
240K house in 2023 @ 7.939% = $1,751
At current interest rates, prices would need to go down by half/50%+
Copped my wife the Bronco OuterBanks Sasquatch with High Lux package. Had about 3 months and she loves it.
We got $15K on the trade in so it wasn't too bad
We got $15K on the trade in so it wasn't too bad
Fred Durst play cousin goes to the Auction. Dealers wouldn't buy a 2 year old Scat Pack Charger for 21K (but they list them hoes for like 45-50k)
I don't know how this plays out.
Dealers sitting on cars they can't sell, paying salaries and fees? Something gotta break.
I don't know how this plays out.
Dealers sitting on cars they can't sell, paying salaries and fees? Something gotta break.
Schadenfreude
All Star
But an interest rate cut alone to like 4% would probably do it too.
beenz
Rap Guerilla
car prices are down cuz there's big inventory due to sky high interest rates. if u got cash, u good. if u trying to finance and if the manufacturer doesn't have a special, ur fukked.
Schadenfreude
All Star
Also depends on the car; if you want something from the Big 3 or a Truck, you're straight. If you want a hybrid from Toyota/Lexus, good luck.
I sell cars. We are transitioning, or have transitioned, to a buyers market.