It seems quite hit or miss depending on the model at hand; some vehicles appear to be holding well and others I’m not certain that I would recommend purchasing at all in the near future.
I’ve been watching CPO Cayenne (‘19-‘22’s) pricing for the better part of a year. They have dropped significantly in the past few months, and seem to be continuing with the downward trend. It also seems there are more dealers who reduce their pricing sooner than they would have previously.
The last few years were an exception not the norm. We’re not talking about getting yearly returns of 12% every year. But if you didn’t the last 5 years, you’re doing something wrong. Dow is down 10% from its all time high, so like it was said if you were overweight crypto/tech sure you might be down more. But when you get to a certain level of wealth, that risk is no longer worth the exposure, more then a small portion of your portfolio.
Don’t worry the wealthy don’t want you to know that they actually do make 8-10% a year or more, it’s in their best interest to have the masses think everyone’s portfolio is down just like the 401ks that fund their businesses and class A shares. The real power.
When you use the banks money loaned to you at sub 3% to buy out companies, returns are in the 1000s of percentage points for what you’re actually putting out of pocket also. To think they just invest in index funds is naive
I don’t think that, I certainly don’t assume they’ve all managed to double their money either.
Even if they’d managed a decent 30% return, they’re looking at $6.5 million and then you have inflation of course, so how much is that really worth compared to 2 years ago…
Them all doubling their money in 2 years is simply not a physical possibility, it has not occurred🤣
Not all for sure. Like I said some crypto and tech def not. But with real estate pricing inflating 100% in many markets over 3 years, many def doubled up.
You have this also… if these billionaires with very diverse portfolios doubled, many others did as well. I know of many real estate investors that are prob up 10-20x their initial investment in the last 5 years. Have to remember they’re getting 100% of the property appreciation with only 20% down.
You mentioned inflation which onky compounds their gains more. It doesn’t affect them the way it affects the middle class. They raise prices of the products they sell to us, and make even higher profit margins.
I work with these people everyday. Toyota is as middle class as it gets. People are tapped out. Credit card balances are through the roof and affecting approvals. Rates are super high and prices aren’t falling nearly enough to compensate for that. They’re getting squeezed so hard and there will be a tipping point.
Decent interior, comfy seats and bonus points for cloth over the vinyl choice. Lack of arm rest is a weird omission and the trunk is pretty small but overall very usable package like the regular Corolla hatchback. I can sit behind myself at 6 ft tall, tight but doable. Steering is super responsive yet light, very clean gates but the shifting action requires some force. Clutch is easy, would have liked it a little lighter like my old ND Miata. Torque surge over 3k rom is sweet. Ride is firm but not jarring. Exhaust is loud at cold start and boomy in lower rpm range but not annoyingly so. I would totally own and daily drive it with a smile on my face everyday.
