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re: credit bubble vs house prices
Posted on 5/10/24 at 8:21 am to ronricks
Posted on 5/10/24 at 8:21 am to ronricks
I was "waiting" on the vehicle market to move downwards. It's a high price item but well below housing costs, with more volume than housing and I'd think that market would take a hit before housing. This is me thinking logically and absent of any professional experience. But logically, it would seem that the vehicle market would be a leading indicator before the housing market tanked. My truck was paid off and I wasn't in a hurry to get another vehicle payment but the wife wanted to get a horse trailer so I went ahead and pulled the trigger last year on a truck to pull it. So far, I still can't find a better deal than what I got. When I bought, we had kept hearing "just wait another 6 months" for the previous 3 or 4 years. The indicators saying prices should come down exist, but prices just aren't moving enough to make a material difference.
To Bard's defense, the debt bubble isn't sustainable and it's only a matter of time before that implodes on banks. When? Who knows.
To Bard's defense, the debt bubble isn't sustainable and it's only a matter of time before that implodes on banks. When? Who knows.
Posted on 5/10/24 at 8:40 am to WhiskeyThrottle
quote:
To Bard's defense, the debt bubble isn't sustainable and it's only a matter of time before that implodes on banks. When? Who knows.
I'm of the opinion that nothing matters anymore that 'they' will find a way to keep propping up things and bailing things out etc. We clearly have different economy and economies of scale than in the past so I also don't think that just because something was true in 1970, 1982 or 1987 that it will come to fruition now in 2024. Things are different now. I don't pretend to know what will happen but the people who have been saying "wait 6 months" on things like housing and cars have looked like imbeciles. A car is a want not a need which is different from housing anyway. And you hit it on the head with this comment:
The market hasn't made logical sense in some time.
This post was edited on 5/10/24 at 8:42 am
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