Was This Finally “Peak Insanity” in Used Vehicle Prices? And all other crystal ball questions

Yeah EV with uncle joe subsidy are just amazing deals,

I’ve just been pissed that only the homeowner gets the benefit/luxury of being able to correctly use it.

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lol it ain’t a luxury. Electric bills are crazy right now.

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if you have a house for an EV, you should have solar, if you don’t then you losing on them sweet sweet uncle joe subsidies and nice passive ROI and free electricity in 6-8 years.

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Solar panels mess up clay tiles :smiling_face_with_tear: Like the color fades away

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I would love to get solar but in my area payback is 9-10 yrs (was 11-12 yrs before Elec rates started rising) not including any maintenance. Not sure I’ll be in the house that long and with the limited data I’ve seen doesn’t really seem to add to the value of the house it’s just a feature that makes it easier to sell.

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Even without an EV solar would pay for itself in pool heating expense (assuming you aren’t heating w gas)

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https://wolfstreet.com/2023/04/13/turning-point-cpi-used-vehicles-not-seasonally-adjusted-jumped-for-first-time-since-july-tracked-wholesale-price-surge-with-two-month-lag/

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I have owned four of them since November 2020, put over 20k miles combined. Not a single issue, 90% or more of our driving has been on electric, rides beautifully, vault-like quiet cabin, multi-contour seats with massage are supremely comfy, and when the B58 kicks in the car can seriously move while emitting a very pleasant sound. After 2.5 years, still the best value in luxury SUV segment in my book.

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Unless you’re in Indiana where we don’t have net metering :frowning:

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They’re really great vehicles, aren’t they? :slightly_smiling_face:

I just wish they hadn’t locked the pack down on the NA Spec cars to where only ~70% was usable.

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We dont have net metering in texas either but there is an electric company called great mountain or something and for 10$ a month they will let you use the grid as your battery

Produce extra power to send to grid and at night use from grid at no charge. Also they allow unused power you send to grid to roll over month to month.

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That would be wonderful! We do not have that in Indiana though. No net metering and at night you just have to use the grid unless you invest in batteries for your home, which are way too expensive to make the whole ordeal cost effective.

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Here in San Diego the electric company is sort of screwing people who invested in solar panels.
Last month, they introduced the NEM 3.0 which decreased how much money the solar owners would earn for the excess electricity they push onto the grid.

Now the SDGE has introduced a new proposal for an income-based flat fee to maintain the infrastructure plus an extra fee for any energy usage. Most solar owners fall under the high-earner household limit and would be paying a $128 flat fee + any usage fee. All the while, the company is punishing high-income owners and disincentivizing reduced consumption since the consumption rate is halved.
So much for investing $20k in solar only to have your bills increased from pre-solar days. :rofl:

This makes the case for off grid living.

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Just wait until you can’t buy a gas car anymore, and the legislature decides how much more electricity should cost.

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This is America. Our outlook stops at the weekly paycheck.

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Do people get grandfathered into 1.0,2.0,etc or are they changed too? My area still has net metering but I could see them going down these same paths

well when you don’t give people enough money to live on and then consistently increase prices on a never ending upwards trajectory, this is the type of thinking that tends to take hold.

Sure, but the American Dream has always been that of excess. That involves a larger home than you need, expensive vehicles, and other misc. luxury purchases that one truly can’t afford. The practice of people spending every penny they have has been around for decades. The fact of the matter is there is a countless number of people who you simply could not give enough money to, to “live on”. Enough does not exist, nor will it ever.

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