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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Techster" data-source="post: 812147" data-attributes="member: 360"><p>This year is an aberration. Some understand it, and will make some short term money. Others will think it's the new normal, and will probably leverage themselves to buy cars to make money...and will be left holding the bag on assets that are worth a lot less than the loans they took out to buy them. The merry go round eventually stops...and it gets REALLY ugly when it comes to depreciating assets like cars. At least with Real Estate in 2008 crash you knew they weren't making more land, and eventually it would catch back up. If you had cash to weather the 5-8 years it took to rebound, you're doing quite well today.</p><p></p><p>On a side note, I thought briefly about buying a 22ft bay boat in 2018 for $38K (Sea Pro with 200hp Suzuki, and fully decked out). That boat today would cost me $65-75K. If you think cars prices are ridiculous, look at what's going on with boats.</p></blockquote><p></p>
[QUOTE="Techster, post: 812147, member: 360"] This year is an aberration. Some understand it, and will make some short term money. Others will think it's the new normal, and will probably leverage themselves to buy cars to make money...and will be left holding the bag on assets that are worth a lot less than the loans they took out to buy them. The merry go round eventually stops...and it gets REALLY ugly when it comes to depreciating assets like cars. At least with Real Estate in 2008 crash you knew they weren't making more land, and eventually it would catch back up. If you had cash to weather the 5-8 years it took to rebound, you're doing quite well today. On a side note, I thought briefly about buying a 22ft bay boat in 2018 for $38K (Sea Pro with 200hp Suzuki, and fully decked out). That boat today would cost me $65-75K. If you think cars prices are ridiculous, look at what's going on with boats. [/QUOTE]
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