40% of Car Shoppers Willing to Pay $5000 over MSRP for a New Car.
If you are one of the folks willing to pay $5k over MSRP, thank you for making LH deals possible.
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I would love to see what the questions the study asked actually were
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Some people would lose more by not having a car at all. Sometimes timing sucks, but you donāt have a choice. Just look at the housing marketā¦
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As an AVID lease hacker and deal seeker. I am not sure how I am going to reconciliation buying a house in todayās market. Looking to buy 1 year from now so hopefully things cool off.
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No one is forced to buy a new car. Especially those that are in demand.
Same with houses. Rents have actually declined over the past year. I grew up in a rental in nyc and managed to survive.
This market has all the earmarks of a buying panic.
Not sure where you are, but in our market rents are up 30%.
Either way there are reasons why people need something immediately, new addition to the family, job in new city, family emergency. People donāt just pay over msrp or listing because they are dumb.
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can someone give them my number??
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Iām in LA. Rents may be up slightly, but no more than the past increases. The real jumps came over the last decade pre pandemic.
Thatās because everyone is fleeing California. As a nation, rents are increasing.
Forgive my ignorance, but is this new car shortage really a big deal in terms of deals/selction? I am not actively looking for cars nor have I been on a lot since COVID, so Iām just curious. A family member told me that sheās holding off because of it.
Edit In other words, is there really a shortage? lol
Yes, thereās actually a shortage
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āAfter the rapid growth of recent months, year-over-year rent growth now stands at 2.3 percent, in line with the rates from prior years.ā Thatās from your article.
Some markets, especially the cheaper ones, have gone up dramatically which makes sense as people no longer needed to live by their jobs with WFH.
When I first saw the title of this thread my cheapskate brain interpreted it as would I be willing to pay a number that was less than 12% off MSRPš¤Ŗ
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Itās unbelievable here in Florida. We bought our house 14 months ago and I have real estate agents literally clamoring to list it and guaranteeing they will sell it for at least 50% more than we paid for it. Itās ridiculous.
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The base price of houses in my less than 3 year old development in MA, have gone up by at least $40k in the past couple of years. Lumber prices have not helped.
There is a shortage of āaffordableā homes (less than $400k) in my area. I live West of Boston. Forget houses within a 30 to 45 minute drive into Boston. Youāll easily be paying $700k to live in Wellesley, Brookline, Burlington or Wayland.
In one year the prices of the houses in my neighborhood have gone up $250K! It is literally unbelievableā¦how this isnāt a bubble that isnāt going to pop and end badly I have no idea.
But this is Florida, we seem destined to replay the boom/bust cycle on an endless loopā¦
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Okay thank you!! LOL
Wow! Thatās crazy.
Isnāt Cuomo Floridaās realtor of the year or something?
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Yes, if you sell your house in New York for $2M, getting one in Florida for $1M seems like an incredible deal, lol
And, never mind New York taxes versus Florida taxesā¦That is a huge raise in pay right there.
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