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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Northeast Stinger" data-source="post: 810897" data-attributes="member: 1640"><p>Us too. We have zero debt, no mortgage, car payments or anything. We’ve also downsized.</p><p></p><p>Housing inventory in our area is insufficient for number of people seeking housing. Our house can currently sell for $100,000 over valuation. Two issues are currently impacting that -supply chain with building materials and fewer construction crews. The latter issue in our area is also about fewer guest workers, as well as others who have moved on to find other work.</p><p></p><p>You are absolutely correct, in my opinion, about liquidity in the economy. I read somewhere that personal debt is at a 40 year low. Everyone I know is flush with extra spending money.</p><p></p><p>Went to buy a second car yesterday. Only three new cars on the lot. Lots of good used cars on the market but many commanding the price of new cars. Car prices were up 10% in April, another 8.5% in May, and another 10.5% in June. One car we looked at went up $3000 in two days.</p></blockquote><p></p>
[QUOTE="Northeast Stinger, post: 810897, member: 1640"] Us too. We have zero debt, no mortgage, car payments or anything. We’ve also downsized. Housing inventory in our area is insufficient for number of people seeking housing. Our house can currently sell for $100,000 over valuation. Two issues are currently impacting that -supply chain with building materials and fewer construction crews. The latter issue in our area is also about fewer guest workers, as well as others who have moved on to find other work. You are absolutely correct, in my opinion, about liquidity in the economy. I read somewhere that personal debt is at a 40 year low. Everyone I know is flush with extra spending money. Went to buy a second car yesterday. Only three new cars on the lot. Lots of good used cars on the market but many commanding the price of new cars. Car prices were up 10% in April, another 8.5% in May, and another 10.5% in June. One car we looked at went up $3000 in two days. [/QUOTE]
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