High tide lifts all boats. House I bought 6 years ago is close to doubling in value. Would I sell it? No. But it makes my net worth look fancy.
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It’s getting to the point where I’m OK with almost ~5% risk-free return over sitting in the SPY. Nothing is too attractive right now for equities imo.
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Kinda meaningless if reality if your alternatives are similarly expensive. Only way to really capture that value is to move to a lower COL area for most part
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only way to have this make any sense with a hyperinflated increased value is to sell now and rent a complete dump for next to nothing.
Let me know how those downsides work out.
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Problem is that the market can be irrational longer than you can stay solvent. The only way to play this environment is to tap into the equity in your home and buy a second home/invest in the stock market/etc
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Right, but I was talking about the “just sell now” and “get something else” vibe that is somewhat unworkable for most people.
Have to think less inventory might affect the market a bit.
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4 posts were merged into an existing topic: Off Topic Landfill 5
A strike might be exactly what Stellantis wants right now. Triple digit day inventory and having to goo deeep into incentives is not beneficial to them.
Same story in Ford, why make so many EVs that new orgs are writing about, strike and regroup.
Heck VW would if they could to spin the ID4 issues.
Used prices wont be effected in the meantime, i assume trailing data.
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Back on topic please.
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The question was about how the strike might affect inventory/insanity. But agreed let’s not get political.
The big three have some inventory issues but they also have models they can’t keep on lots.
The issue is that many of the models the’y cant keep on lots, like the Maverick or Escape PHEV, are low margin vehicles. The big three have all grown more dependent on the profits from full sized trucks and SUVs. No one outside corporate HQ knows how this factors into their consideration in the upcoming labor negotiations but perhaps it reduces the fear of a strike a little bit.
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The UAW strike is expected to cause a delay in the downward trend of prices. The Big 3 automakers are relying on the strike to address their inventory buildup.
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Looks like the unions are doing them a favor. EVs are built mostly in the south or overseas without union labor, so hopefully, this doesn’t affect the great lease deals that we have going on EVs.
Idk if its here or elsewhere, but apparently EVs are not built currently with UAW. They want to change that but the production of EVs wont stop.
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Anyone have a crystal ball on Rivian? Seeing more driving around town but not as much as I’d hoped.
Rivian makes nice electric trucks, but they only have enough cash for one or two more years. Maybe Vinfast will buy them out
Or Lucid. 