Exactly. Trillions of dollars have been pumped into economy within a very short period of time. Money printing will likely get worse. These prices aren't going anywhere but up.
I agree. You keep hearing that over and over, but it never happens. I'm seeing them going up here towards the end of the year, when they should be going down as they typically do.
I buy my cars the same way I buy my groceries - decide exactly what I want, find the best, reasonable offer from an online dealer, and hit “Buy” and have it delivered. I never trade anything in - I give it to a charity and take my deduction. Try it and the math will surprise you.
Well explained. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Jasmine Harvey the lady you recommended.
@@w__a__l__e yeah man about 24mpg with good sparks and wires, no carb. 2.3l auto. built when they used to say "built Ford tough" live put lots of maintenance over the years
@@bobsuruncle679 ahh i got the 2.2 w/ 2 barrel and a 5 speed. i need to do my plus and wires soon, but ill wait till it stops running.. best part is my truck is so unpopular no one will steal it lol..
@@jonathanisrael9714 My Hdi was 3500 E in 2011 , when it had 225000km. Now it has 512000 Km, still running perfectly, so It Will last another 20+ years 🙂
I don't have any vehicle payments, paid off my mortgage, no credit card debt, working on hitting six-figures of available cash on hand. It's going to take a fire-sale before I even think about replacing or upgrading one of my vehicles. My "newest" vehicle is now 11 years old and I have no desire to write a check for another vehicle. I plan on early retirement in the next six years. My next slightly used vehicle will be what I plan to carry me through early retirement to my regular retirement kicking in, maybe even beyond that if it holds up. I make a good living and used to get bored with my vehicles. I would on average trade one of them in each year for something different. 2020's events made me reevaluate what was really important in life, my last "new to me" vehicle was 2018 and I'm working on moving down from six vehicles to two. When I used to spend all my money it was easy to go into debt to spend on vehicles, I only had to think of the monthly payment. Now, with no debt and savings to the point where I could write a check and buy a vehicle with no loan, I find it hard to even contemplate pulling from my savings to buy something, I cringe at just the thought where in the past I would have just signed for a loan without a second thought. The change in mindset is something I never saw coming when I became debt free.
What got me censored this time TH-cam? I write out a thoughful, not political, non-TOS violating post and you censor it? I can't wait until the next Congress is seated, I'll be writing letters with all the HUNDREDS of "censorship receipts" that I've kept over the last couple of years. Ain't modern day_fascism grand!
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
I'm a newbie talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
Just sold at Toyota Tundra Crewmax 2016 to Carvana. 2 weeks ago it was 1500.00 more, and dropped that much in 2 weeks. I hurried and sold it! Think I did it just in time. They gave me an awesome price. Carvana does pay good for vehicles that you want to sell.
I always buy used cars. back in the early 90's you could drive off the lot with a brand new mustang GT 302 V8 for $15 grand. and cheap financing. I bought several. Now a new Mustang GT. $35k to 40k and higher with options. and no finance deals. GREED GREED GREED.
Not so much greed but inflation driven by the market and a continuously devaluating dollar. I'd be surprised if a dollar today isn't worth less than half the buying power it had in the 1990s. I remember when a new, fully loaded 1992 Camaro RS was about $22k, a Z28 around $25k. What does that 1992 dollar buy today? I'd be surprised if it was $.40 worth of stuff.
The people buying the overpriced cars are the problem. Stop buying that shit. If you pay cash ok you got me, but if you get into some 1200 to 2200 dollar a month payment that you can barely pay your the problem. Why lower the price's if they know idiots who can't afford them will still buy them.
Well see this is the sort of thing that the middle class and the upper middle class do not want to hear The fact that they screwed themselves via the bought too much house too much car and they maintain a wallet full of credit cards.
@@American-Motors-Corporation inflation is not a result of overspending and low supply, but a direct realization that the dumb money is dominant. People that should never have come across 60k because they are so stupid, somehow do and they spend without a single haggle. It is this haggling that smart people are forced to do enmass to keep the bastards honest, has stopped occurring, people just pay whatever the ticket says.
@dustinmiller2775 well it's it's more so the government's expansion of the program for the purpose of bailing out/propping up the retailers that caused prices to go up even last decade you see we've been on an inflationary trajectory for a very long time. So the food stamp program made it go up not the food stamp card holders you need to check yourself effective immediately for bullshit and I'm not trying to insult you it's simply that this is the crap they want you to believe they want you to be too stupid to follow the money. Understand that the food stamp card holder is nothing more than an unofficial courier for the government their job is to take this many and pass it out to the big and small businesses that sell food and/or food stuffs it's the same reason you can go to a gas station and buy a fucking DiGiorno pizza in the middle of the night so you can blame the food stamp card holders but that's the wrong people to blame blame the government who expanded the program as a means of propping up / bailing out retail given is that the grocery section has basically carried the rest of the store no matter the format of store for 15 years. I should know is a retail manager with 25 years of experience I can certainly tell you that there's no way they lamped through last decade not in hot pursuit of the food stamp funds because they've all been in hot pursuit after the welfare money.. Basically the same thing with rent metropolitan / section 8 housing basically the landlord's whether their companies conglomerates or independent landlords whatever the bottom line amount the government is willing to pay and that particular area city whatever will that happens to be the cheapest going rate nobody's going to really price below that. But of course why don't you think about all of the middle class managers that work in the leasing offices of the apartment complex is that by the way makes millions of dollars a month off of welfare funds and that's exactly how they're paying those middle class managers the same with the department store and or the dedicated grocery store yeah you got a lot of middle class people that's earning their living via because of the fucking welfare funds you idiots!!! but they don't want you to know that instead they want you to waggle your finger and be a middle class dickwagger and act like you're oh so special except you're not because just about every fucking job no matter the profession no matter the company no matter what the companies do they've got government contracts somewhere they're all on welfare! Meaning there's a large amount of the middle class that's on welfare even if it's in a roundabout long way and they don't even know it.
@@AugustusOmega Yes it is caused by overspending it's called deficit spending every time the house of representatives spends money that we don't have and we have to basically print money because that's effectively what they are ordering is the creation of money then that actually causes inflation to go up so the majority of inflation actually arises out of the house of representatives which for very long time is actually been republican-controlled they also funded Obamacare that they said they didn't want! NEXT!
I'm not ashamed to say I have an fj cruiser with 287000 miles original transmission and engine. No major repairs and it pulls all day, I can really beat on it all day and it just asks for more
If you bought one and didn't actually "need" it, then yes, they deserve the fallout. I feel sorry for the people who had no choice but to buy during that time.
Not finished just getting more greedy the poor will perish priced out of life first, the wealthy will thrive “bunkers” etc The. a great natural disaster will occur earthquake volcano 🌋 then America will be evacuated people will flee the country Matthew 24
Who knows what will happen... but it sounds like you blindly automatically believe this? Like... the same way liberals believe anything that pops up on the tv lying about Trump.
It won't be quite the blessing that it appears to be on the surface. Remember what the 2008 housing "problem" did to the economy and the ability to borrow to buy a cheap home? This will be worse as it's going to be more than just the auto industry that has a "reset".
2025 is too early for a car crash. And the price won't go back to pre-pandemic level. Manufactures are already producing less cars and hope to maintain the inventory to demand ratio. Also, you would need a big mass layoffs in order for a huge amount of people to fall behind their auto loan payments. When 1 out of 6 people you know is jobless, then yeah..things will be different
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??
I have 2 cars. A 2010 Toyota Yaris I bought new and have stacked 160K miles on and 2015 Kia minivan with 35K miles I bought at the end of 2016 for $8k under KBB value. Both are still running great!! I was looking to add a backup van in the form of a new Toyota Sienna, but when they wanted $25K over MSRP, I walked away. I knew this time would come and I got cash for the right deal!!
How many of these people REALLY needed new cars? Probably less than 1%. They are made the same mistake as all those people who bought houses and RVs and paid too much. They also are paying crazy high interest rates. Now they are going to deal with it. I’m glad to have a 20 year old car that’s paid off and runs well.
They don't want cash they want a high price for their used car and they want you on a high interest rate and payments..... worst thing you can do is telling you have cash they don't want it I've been trying to buy a car for 2 years
I tell people all the time. List plenty of good use cards to buy and I was recommended to pay cash if possible that's how I do it. I've never brought a new car in my life never have never will.
I always buy a nice used car cash if it’s a Honda Toyota or Subaru one owner I just keep them they last forever if maintained regularly 300k + miles easy and cheap to repair
@factz8131 Fax me as well. I have a campaign right now. AGM CI only paid 4000 for it and it had 56000 miles. I protect privately and it's kind of funny because I went on Facebook marketplace. The same Van people want $89000 for it with a 190000 miles. How ridiculous is that? I got a great deal. And I'm gonna take care of my baby.
I did buy two new cars, both were $7,000 previous year's model that hadn't sold. One was a Ford escort that got 40 mpg, the other a Chevy geo XFI which got 60 mpg. All the rest have been used. I don't remember which one it was now, the escort or the geo but one got 350,000 miles on it.
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Evelyn Infurna’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
If you can afford the payments drive it for 15 years or more. It's a ride to work. Unless you bought it as a 'showcase' to flaunt how vehicle 'pseudo rich' you were and are now financially suffering because of it.
I paid off my Toyota Rav 4 the day before Thanksgiving 2023. I was ahead 1 year and 4 months eliminating a lot of interest. I knew it was going to get worse.
Every vehicle is upside down. New or used. It's worth less than what you paid. If you pay cash It's usually worth less wholesale than you paid. If you buy a mint condition older vehicle and pay less than 5k for it your loss over time is minimal.
It means nothing to be underwater on a vehicle. Any vehicle is often worth less than what a person "has in it". If you count how much money you spend in insurance and maintenance and repairs on any vehicle, you're possibly "under water" even if your fair market value exceeds your initial purchase price. Anything that you buy is "worth it" to you or you would not have bought it!!! What happens in the marketplace AFTER you buy it is immaterial to the question of value.
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With $420,000 in retirement savings, diversifying into assets that historically perform well during inflationary periods, such as Treasury Inflation-Protected Securities (TIPS), commodities, or foreign currency assets, might help protect against potential dollar depreciation. Exploring options like global real estate, diversified foreign bonds, or high-quality international equities may also offer a hedge against a declining dollar and inflationary risks .
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
Went to buy a mustang 2024 EcoBoost prices at $20k , for 13k miles dealer said actualy price is with additional 4K , so I reasoned with him and we agreed to the price then the dealer, perp and destination fee is 5k , tax not added yet so $29k plus tax title and registration , I declined the sale because this is crazy
At my local bmw dealer there's a brand new EV that is cordened off to the public, because wait for it,if you touch it you get an electric shock! They literally cant touch it,so waiting for battery to die,wow!
I bought my car just before all the prices went up in Feb 2020 got a great deal for a 2015 Cadillac ATS coupe. When I pay this car off I’ll keep it till it burns out. I plan on getting a second car I extend on buying cash and rotation the two for as long as I can. The year model isn’t too complicated with a lot of tech so I can doo a lot of maintenance myself .
That's the smart way to do it. My newest vehicle is a 2014 Cadillac ELR, I plan to keep it until the wheels (or battery) falls off, then I'll spend the $5k for a new, rebuilt battery to get it back on the road again.
This channel provides great coverage of the current state of the economy. I've learned so much about our economy that isn't readily available elsewhere. The information is up-to-date and is timely. I also like how different videos are presented about different parts of the economy.
How is it that so many middle class and lower Americans even in their 20s can afford Mercedes and BMW? Nowhere else in the world... it's called a bubble and you have to assume the risk for your premature reward.
This will be fun to monopolize on, and yet new and shiny will be gone. Used cars need to drop 50%. It’s not dropping fast enough dealers want more than $15-25k for cars with more than 100k miles
I know this is why I'm glad I don't have no compliments to help with that too expensive. This day in age $7800 for a car. Payment not to mention the car insurance to go with it. You can basically rent some of the room with that money.
No problems here. I always buy new cars that are proven to last, and keep them for at least 20 years. I can easily drive my current 2006 model for 5 more years until this mess turns around. It still runs and looks like new with 180k miles on the Odo.
Seeing outrageously high prices of cars on dealers lots has chased me away from even considering buying a new car. As a result of "sticker shock", I won't go near a new car dealer for at least a year or two!
I live near a closed K Mart with a parking lot full of Tesla. So many they’re leaving them on the haulers. While Elon is following Trump around, Tesla vehicles are piling up. I own a Tesla. I get notifications. The latest offer is I get $1000 if I refer a person to buy a Tesla and they get $2000 off the car, as well.
I sure won’t be as someone who’ll be in the market for a new/newer used vehicle in the future. A drop of 40% puts them right about where they should’ve been priced from the get go, it’d be great if they went even lower than that. And yes I get the impact of that on the (multiple times bailed out) auto industry
ever since this man showed his face on the video its not scary anymore. I just bought a brand new truck for 70k. Its not going down unless its shit used
Unless you are very fortunate to be very well off today buying a new car today is stupid. The decent cars that are reliable from Japan be it their luxury versions such as Lexus and Acura are now $60k-80k, and their lesser counterparts like a Toyota or Honda are $40k-50k, unless you buy like a Toyota pickup or suv those are just as ridiculously priced as a new Lexus or Acura. And if you try to buy a cheap compact new car like a Nissan versa or a Hyundai they are still $25k-30k and they all now come with those ridiculous cvt transmissions that don’t actually use real gears and are known for constantly failing and they also come with these little 3 and 4 cylinder turbo charged engines that are way overworked to meet emission standards that are known for blowing up pre 100k miles. I recently scored a pre owned immaculately kept and serviced top of the line pre owned mid sized acura suv that was 8 years old and yes it came with 130k miles on it but if you take care of it, it can easily go 300,000-450,000 miles. It only cost me $12k. The same new version today 8 years later is selling for $74k. They are out of their minds with pricing. And I don’t get it at all why someone would spend $90k-$120k for a ford f150 pickup truck??
New Cars are not an investment. They are a luxury purchase. If we just stopped buying these overpriced utilitarian tools disguised as “luxury “, prices would adjust. And interest rates are also too high. I’ll wait for low interest rates and prices. If it doesn’t happen, I’ll pay cash for used.
Race race race run run run , hurry if you keep your eyes closed you just might be able to race and run after your own tail . The mental breakdown comes when you realize it’s your own tail you are chasing 😵💫 Debt is not a economy
wife and i wanted to buy something more efficient.. the hybrids we like were like 60k fuck that shit.. even if it sips gas the note alone to buy it is 3X what our current gas and insurance is combined.. i wish we had decent mass-transit, and cars were and option not a necessity
Well any bubble works that way on the value of the thing versus the amount that is owed on the loan. I mean you know let's say everybody on both sides of your street agree that one of your neighbors' house is worth 200 million dollars you all agree that it's worth $200 million dollars now go find somebody on the outside of that neighborhood that would agree with this... If for whatever reason you did manage to find a lot of people let's say the next 12 neighborhoods and either direction did agreed that the neighbor's house is worth 200 million dollars then you've just created a bubble market but let's say in 6 weeks more and more people decide it's not worth 200 million dollars that they might then decide it's worth 150 million dollars so it loses 50 million in value except it was never worth 200 million to begin with so the loss is fictional because the price that was decided via the bubble price was also fictional so it's not really a correction it's more so that it was never meant to be valued at that to begin with. No there is such a thing as pricing something a little too high but not exactly straight up manufacturing a bullshit price it's just simply you pick a price you put it on the product and if somebody happens to pay it well then now you say that's what it's worth but that price though it's higher than the real value it is not exuberantly higher you know it may only be a couple $3,000 difference which okay so that's sort of competition in the town because everybody would know who the more expensive car dealer is in town and so you would shop around elsewhere trying to get a better deal That's good for business it's good that perhaps one dealership whether he's new or used or deals with both is a little higher than one or two of the other dealerships in the area because that automatically sends business to the other dealerships I mean you have people that are particular they may even be snobs that they believe in shopping at the higher price dealership they think they're getting something you have everyone else who's on a strict budget who just needs a decent car at a decent price they don't really give a shit about any of the other funny stuff at the dealership. But there is such a thing as going a little above that two or $3,000 threshold and then eventually you will have to correct that price once that car sets there for x amount of time and you realize nobody's going to buy it at that price and you've already probably turned away 5 to 10 customers yeah you're going to have to rethink that price that should happens all the time That's just part of normal business but this bullshit where you're taking a car that in all reality is worth brand new hardly 15 to 18,000 and you're trying to stick a price tag of 45 to $50,000 on it okay that was already detrimental even back in the '90s when they were doing that this bubble has been around for a while but now when you're taking the overvalued price and doubling it to 80 to $100,000 that's completely insane That's fictional prices that's delusional idiots I think they just want to see who's going to pay that price and unfortunately there's morons that will but honestly I think that we can think our lucky stars that there's not that many of those morons there was enough of them for a while at least to sustain these stupid prices but now the industry is going to have to come off of its overpriced high horse they're yeah it's not really a correction it's just simply the prices should have never been up there to begin with.
I am in no need for a new ride, so waiting for prices to drop is easy. However. The dealers are still asking inflated prices currently Prices need to drop by 50% to even begin considering a new car
I haven't been able to own any car since the Obama drama and his grandpa Joe. If anybody has a used one let me know please. The governor doesn't allow any car in California, double trouble.
Jesus Christ died for our Sins according to the scriptures and that he was buried and that he rose Again the third day praise God praying for everyone Everyday God bless you all...
Prices are not gonna be going down on anything even used cars. Been hearing the same bull for a year now. Believe it when you see it.
Exactly. Trillions of dollars have been pumped into economy within a very short period of time. Money printing will likely get worse. These prices aren't going anywhere but up.
You are looking at it wrong… It’s your purchasing power that will diminish.
Yes prices will be up up up all the time.. those who understand this make money.
I agree. You keep hearing that over and over, but it never happens. I'm seeing them going up here towards the end of the year, when they should be going down as they typically do.
WHO YOU TELLING A BUNCH OF BULL SHIT
Been paying cash for cars for years. I hate monthly payments and love sole ownership on everything! Free & Clear. 🤓
I've always paid cash for all of my cars.
Same here with myself.
That's cool if you have the cash. Most people don't have cash to buy a car, yet they need a car to commute.
I buy my cars the same way I buy my groceries - decide exactly what I want, find the best, reasonable offer from an online dealer, and hit “Buy” and have it delivered. I never trade anything in - I give it to a charity and take my deduction. Try it and the math will surprise you.
You would be a fool to pay cash for a car that the manufacturer is giving at zero % financing
Well explained. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Jasmine Harvey the lady you recommended.
I always wanted to trade for a long time but the volatility price has been confusing.
Am surprised you made mention of Jasmine Harvey, she's the best at the moment and her professional strategies are everywhere...
Everyone needs a different stream of income, such as where one can invest some parts of his or her monthly salaries.
No doubt, Jasmine really has nice strategies and that has liberated my financial status. So funny remembering how I started!!!
I'm really interested in this information, how can I reach out to her???
I'm very happy with my paid off 1996 car. But the best thing about is I only paid 1,300 at that time it had 77,000 miles on it.
i got a 1992 b2200 it has 150000 miles and it is extremely cheap and easy to fix.. gas mileage sucks ass but i work from home so w.e.
I have 95 ranger for 20 years. Sucks, but that truck is my best friend.
@@bobsuruncle679 ahh yours is fuel injected i take it? so you get 24 mpg vrs my 22 lol
@@w__a__l__e yeah man about 24mpg with good sparks and wires, no carb. 2.3l auto. built when they used to say "built Ford tough" live put lots of maintenance over the years
@@bobsuruncle679 ahh i got the 2.2 w/ 2 barrel and a 5 speed. i need to do my plus and wires soon, but ill wait till it stops running.. best part is my truck is so unpopular no one will steal it lol..
I wonder how many bought those vehicles to use for doordash, now their car has 150k + miles and they still owe a 1200 payment for the next 5 years 😂
This is the fault of car manufacturers trying to normalize $50K+ cars and people buying cars they can't afford.
My dealer was begging to buy my 2008 car. Received emails 3 times a month. I'm riding til wheels fall off.
Aleluyah 😀
My 2009 is holding up nicely, and I only paid $4200 for it over 7 years ago, when it had 85k miles.
It may last another 7 years.
@@jonathanisrael9714 My Hdi was 3500 E in 2011 , when it had 225000km. Now it has 512000 Km, still running perfectly, so It Will last another 20+ years 🙂
Same with my 2005 Jeep.
I paid my truck off...had a 60 month payment plan and paid it off in 29 month's.
I don't have any vehicle payments, paid off my mortgage, no credit card debt, working on hitting six-figures of available cash on hand. It's going to take a fire-sale before I even think about replacing or upgrading one of my vehicles. My "newest" vehicle is now 11 years old and I have no desire to write a check for another vehicle.
I plan on early retirement in the next six years. My next slightly used vehicle will be what I plan to carry me through early retirement to my regular retirement kicking in, maybe even beyond that if it holds up.
I make a good living and used to get bored with my vehicles. I would on average trade one of them in each year for something different. 2020's events made me reevaluate what was really important in life, my last "new to me" vehicle was 2018 and I'm working on moving down from six vehicles to two.
When I used to spend all my money it was easy to go into debt to spend on vehicles, I only had to think of the monthly payment. Now, with no debt and savings to the point where I could write a check and buy a vehicle with no loan, I find it hard to even contemplate pulling from my savings to buy something, I cringe at just the thought where in the past I would have just signed for a loan without a second thought.
The change in mindset is something I never saw coming when I became debt free.
What got me censored this time TH-cam? I write out a thoughful, not political, non-TOS violating post and you censor it? I can't wait until the next Congress is seated, I'll be writing letters with all the HUNDREDS of "censorship receipts" that I've kept over the last couple of years.
Ain't modern day_fascism grand!
Censored again by our TH-cam overlords. Ain't modern day_fascism grand!
Smart move
Wishing everyone a blessed happy thanksgiving praise God praying for everyone Everyday God bless you all....
And may God save us from ourselves.
You too Steve!
Amen!
I was in the process of buying a car in California November 2024…the car prices are still way too high. No thanks
Let our lives be full of both thanks and giving praise God praying for everyone Everyday God bless you all
Amen! Agreed❤
@@steveguti6452 Thanks but the country was taken by force and génocides. Karma is coming to collect past dues.
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've built a six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
I'm a newbie talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
Mrs Martha Ann Hammerton was my hope during the
'bear summer last year . I did so many
mistakes but also learned so much from it
Just sold at Toyota Tundra Crewmax 2016 to Carvana. 2 weeks ago it was 1500.00 more, and dropped that much in 2 weeks. I hurried and sold it! Think I did it just in time. They gave me an awesome price. Carvana does pay good for vehicles that you want to sell.
I hope they go out of business.
@@jwill540 what would be your reason for that?
Bold of you to assume my car is worth anything lol
I always buy used cars. back in the early 90's you could drive off the lot with a brand new mustang GT 302 V8 for $15 grand. and cheap financing. I bought several. Now a new Mustang GT. $35k to 40k and higher with options. and no finance deals. GREED GREED GREED.
That was an awesome muscle car !!!
Not so much greed but inflation driven by the market and a continuously devaluating dollar. I'd be surprised if a dollar today isn't worth less than half the buying power it had in the 1990s. I remember when a new, fully loaded 1992 Camaro RS was about $22k, a Z28 around $25k. What does that 1992 dollar buy today? I'd be surprised if it was $.40 worth of stuff.
I paid $19.5k for my Jeep in 2005. Now they literally cost twice as much.
The people buying the overpriced cars are the problem. Stop buying that shit. If you pay cash ok you got me, but if you get into some 1200 to 2200 dollar a month payment that you can barely pay your the problem. Why lower the price's if they know idiots who can't afford them will still buy them.
Well see this is the sort of thing that the middle class and the upper middle class do not want to hear The fact that they screwed themselves via the bought too much house too much car and they maintain a wallet full of credit cards.
@@American-Motors-Corporation inflation is not a result of overspending and low supply, but a direct realization that the dumb money is dominant. People that should never have come across 60k because they are so stupid, somehow do and they spend without a single haggle. It is this haggling that smart people are forced to do enmass to keep the bastards honest, has stopped occurring, people just pay whatever the ticket says.
Preach! In the same vein, everyone on food stamps drives up the price of groceries.
@dustinmiller2775 well it's it's more so the government's expansion of the program for the purpose of bailing out/propping up the retailers that caused prices to go up even last decade you see we've been on an inflationary trajectory for a very long time.
So the food stamp program made it go up not the food stamp card holders you need to check yourself effective immediately for bullshit and I'm not trying to insult you it's simply that this is the crap they want you to believe they want you to be too stupid to follow the money.
Understand that the food stamp card holder is nothing more than an unofficial courier for the government their job is to take this many and pass it out to the big and small businesses that sell food and/or food stuffs it's the same reason you can go to a gas station and buy a fucking DiGiorno pizza in the middle of the night so you can blame the food stamp card holders but that's the wrong people to blame blame the government who expanded the program as a means of propping up / bailing out retail given is that the grocery section has basically carried the rest of the store no matter the format of store for 15 years.
I should know is a retail manager with 25 years of experience I can certainly tell you that there's no way they lamped through last decade not in hot pursuit of the food stamp funds because they've all been in hot pursuit after the welfare money..
Basically the same thing with rent metropolitan / section 8 housing basically the landlord's whether their companies conglomerates or independent landlords whatever the bottom line amount the government is willing to pay and that particular area city whatever will that happens to be the cheapest going rate nobody's going to really price below that.
But of course why don't you think about all of the middle class managers that work in the leasing offices of the apartment complex is that by the way makes millions of dollars a month off of welfare funds and that's exactly how they're paying those middle class managers the same with the department store and or the dedicated grocery store yeah you got a lot of middle class people that's earning their living via because of the fucking welfare funds you idiots!!!
but they don't want you to know that instead they want you to waggle your finger and be a middle class dickwagger and act like you're oh so special except you're not because just about every fucking job no matter the profession no matter the company no matter what the companies do they've got government contracts somewhere they're all on welfare!
Meaning there's a large amount of the middle class that's on welfare even if it's in a roundabout long way and they don't even know it.
@@AugustusOmega Yes it is caused by overspending it's called deficit spending every time the house of representatives spends money that we don't have and we have to basically print money because that's effectively what they are ordering is the creation of money then that actually causes inflation to go up so the majority of inflation actually arises out of the house of representatives which for very long time is actually been republican-controlled they also funded Obamacare that they said they didn't want!
NEXT!
Very happy with my own civic that I’ve done everything from replacement motor to clutch so I know it from top to bottom and it’s saves on gas
I'm not ashamed to say I have an fj cruiser with 287000 miles original transmission and engine. No major repairs and it pulls all day, I can really beat on it all day and it just asks for more
Anyone who bought a car during the chip shortage deserves what they got lol. Gotta be a whole dummy to be paying 800 bucks a month for a honda 😂
If you bought one and didn't actually "need" it, then yes, they deserve the fallout. I feel sorry for the people who had no choice but to buy during that time.
Some had no choice
There’s always a choice… It’s called living below your means
We did. I felt like it wasn't a terrible deal. 2024 Hyundai palisade brand new for $45k. However, we're keeping that car forever
Some dude tried to trade in his 740i with 24000 in negative equity, told him take a hike
😮😮😮😮😮😮
BABYLON FINISHED!¡!
Not finished just getting more greedy the poor will perish priced out of life first, the wealthy will thrive “bunkers” etc The. a great natural disaster will occur earthquake volcano 🌋 then America will be evacuated people will flee the country Matthew 24
Indeed
YAY! Finally! The news I've been waiting for since 2022.
Who knows what will happen... but it sounds like you blindly automatically believe this? Like... the same way liberals believe anything that pops up on the tv lying about Trump.
Folks just need to hold the line a bit longer
It won't be quite the blessing that it appears to be on the surface. Remember what the 2008 housing "problem" did to the economy and the ability to borrow to buy a cheap home? This will be worse as it's going to be more than just the auto industry that has a "reset".
2025 is too early for a car crash. And the price won't go back to pre-pandemic level. Manufactures are already producing less cars and hope to maintain the inventory to demand ratio. Also, you would need a big mass layoffs in order for a huge amount of people to fall behind their auto loan payments. When 1 out of 6 people you know is jobless, then yeah..things will be different
Good thing I don’t need to buy a car.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes
What about you??
Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Please stop gentrifying countries
How can i reach Stephanie if you don't mind me asking?
Heard she’s an IA.
The piece of mind with a car that is long paid and already dented😊
My car is paid off. Bought my car in 2019 and avoided this whole mess. Have fun!
Exited a 7 year, 9.75% rate loan earlier this year. Got a few grand more than the load. I’m pretty lucky imo.
Are dealers finally putting down the Crack Pipe . . . . .
I won't be upset. My 2023 Toyota Corolla Hybrid is paid off. Only has 10K miles too.
Toyota’s are great, cars for life
New ones are crap, huge recalls.
I have 2 cars. A 2010 Toyota Yaris I bought new and have stacked 160K miles on and 2015 Kia minivan with 35K miles I bought at the end of 2016 for $8k under KBB value. Both are still running great!! I was looking to add a backup van in the form of a new Toyota Sienna, but when they wanted $25K over MSRP, I walked away. I knew this time would come and I got cash for the right deal!!
How many of these people REALLY needed new cars? Probably less than 1%. They are made the same mistake as all those people who bought houses and RVs and paid too much. They also are paying crazy high interest rates.
Now they are going to deal with it. I’m glad to have a 20 year old car that’s paid off and runs well.
Good news for people who have cash to buy a used car though!
I have cash
Trust me
I Ain’t buying shit
Lease only
They don't want cash they want a high price for their used car and they want you on a high interest rate and payments..... worst thing you can do is telling you have cash they don't want it I've been trying to buy a car for 2 years
@@deddie4645 Just buy it with the payment then pay it off lump sum.
I tell people all the time. List plenty of good use cards to buy and I was recommended to pay cash if possible that's how I do it. I've never brought a new car in my life never have never will.
I always buy a nice used car cash if it’s a Honda Toyota or Subaru one owner I just keep them they last forever if maintained regularly 300k + miles easy and cheap to repair
@factz8131 Fax me as well. I have a campaign right now. AGM CI only paid 4000 for it and it had 56000 miles. I protect privately and it's kind of funny because I went on Facebook marketplace. The same Van people want $89000 for it with a 190000 miles. How ridiculous is that? I got a great deal. And I'm gonna take care of my baby.
I did buy two new cars, both were $7,000 previous year's model that hadn't sold. One was a Ford escort that got 40 mpg, the other a Chevy geo XFI which got 60 mpg. All the rest have been used. I don't remember which one it was now, the escort or the geo but one got 350,000 miles on it.
In my mind I have a voice as cool as this guy!!
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Beautiful Thang! But I'll believe it when I see it.
If you can afford the payments drive it for 15 years or more. It's a ride to work. Unless you bought it as a 'showcase' to flaunt how vehicle 'pseudo rich' you were and are now financially suffering because of it.
A ride to work and sit , why didn't car pool take off .
Prices not droping with a 25% tarriff unless the depression hits...prices going to hit crazy prices
I paid off my Toyota Rav 4 the day before Thanksgiving 2023. I was ahead 1 year and 4 months eliminating a lot of interest. I knew it was going to get worse.
Every vehicle is upside down. New or used. It's worth less than what you paid. If you pay cash It's usually worth less wholesale than you paid. If you buy a mint condition older vehicle and pay less than 5k for it your loss over time is minimal.
Consumer demand is ALWAYS present. Affordability is the issue.
Drop those damn high prices.
It means nothing to be underwater on a vehicle. Any vehicle is often worth less than what a person "has in it". If you count how much money you spend in insurance and maintenance and repairs on any vehicle, you're possibly "under water" even if your fair market value exceeds your initial purchase price.
Anything that you buy is "worth it" to you or you would not have bought it!!! What happens in the marketplace AFTER you buy it is immaterial to the question of value.
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
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With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field.
I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
I've just started a new three year lease. I've been leasing for the last twelve years. Car buyers are foolish.
It doesn't matter vehicle depreciate thousands as soon as you drive it off the lot. It's one of the worst investments one could make
Went to buy a mustang 2024 EcoBoost prices at $20k , for 13k miles dealer said actualy price is with additional 4K , so I reasoned with him and we agreed to the price then the dealer, perp and destination fee is 5k , tax not added yet so $29k plus tax title and registration , I declined the sale because this is crazy
At my local bmw dealer there's a brand new EV that is cordened off to the public, because wait for it,if you touch it you get an electric shock!
They literally cant touch it,so waiting for battery to die,wow!
I bought my car just before all the prices went up in Feb 2020 got a great deal for a 2015 Cadillac ATS coupe. When I pay this car off I’ll keep it till it burns out. I plan on getting a second car I extend on buying cash and rotation the two for as long as I can. The year model isn’t too complicated with a lot of tech so I can doo a lot of maintenance myself .
That's the smart way to do it. My newest vehicle is a 2014 Cadillac ELR, I plan to keep it until the wheels (or battery) falls off, then I'll spend the $5k for a new, rebuilt battery to get it back on the road again.
If you look at that chart, average. Used prices should be about $15-16k factoring in inflation. $18k is still overpriced.
Best news I've heard all day
This channel provides great coverage of the current state of the economy. I've learned so much about our economy that isn't readily available elsewhere. The information is up-to-date and is timely. I also like how different videos are presented about different parts of the economy.
How is it that so many middle class and lower Americans even in their 20s can afford Mercedes and BMW? Nowhere else in the world... it's called a bubble and you have to assume the risk for your premature reward.
This will be fun to monopolize on, and yet new and shiny will be gone. Used cars need to drop 50%. It’s not dropping fast enough dealers want more than $15-25k for cars with more than 100k miles
I know this is why I'm glad I don't have no compliments to help with that too expensive. This day in age $7800 for a car. Payment not to mention the car insurance to go with it. You can basically rent some of the room with that money.
Not accurate if Trump puts 25% tariff on Mexico. Car prices will go up and we’ll be in a recession.
NOPE
The car price didn't drop in my area.
Patience… It’s your purchasing power.
Only an insane person buys a depreciating asset with borrowed money.
Where I grew up, that was such a fundamental rule, that we knew it by age 12.
No problems here. I always buy new cars that are proven to last, and keep them for at least 20 years. I can easily drive my current 2006 model for 5 more years until this mess turns around. It still runs and looks like new with 180k miles on the Odo.
…And by the way, this won’t end until the auto makers stop making nothing but the most expensive, fully loaded “pimp cars”.
Seeing outrageously high prices of cars on dealers lots has chased me away from even considering buying a new car. As a result of "sticker shock", I won't go near a new car dealer for at least a year or two!
This will be fun to monopolize on, and yet new and shiny will be gone. Used cars need to drop 50%. It’s not dropping fast enough
I live near a closed K Mart with a parking lot full of Tesla. So many they’re leaving them on the haulers. While Elon is following Trump around, Tesla vehicles are piling up. I own a Tesla. I get notifications. The latest offer is I get $1000 if I refer a person to buy a Tesla and they get $2000 off the car, as well.
I sure won’t be as someone who’ll be in the market for a new/newer used vehicle in the future. A drop of 40% puts them right about where they should’ve been priced from the get go, it’d be great if they went even lower than that. And yes I get the impact of that on the (multiple times bailed out) auto industry
People who are buying these expensive cars should have paid cash for them.
A fool & their money is soon parted. Financially-illiterate people are their own worst enemy.
ever since this man showed his face on the video its not scary anymore.
I just bought a brand new truck for 70k.
Its not going down unless its shit used
Unless you are very fortunate to be very well off today buying a new car today is stupid. The decent cars that are reliable from Japan be it their luxury versions such as Lexus and Acura are now $60k-80k, and their lesser counterparts like a Toyota or Honda are $40k-50k, unless you buy like a Toyota pickup or suv those are just as ridiculously priced as a new Lexus or Acura. And if you try to buy a cheap compact new car like a Nissan versa or a Hyundai they are still $25k-30k and they all now come with those ridiculous cvt transmissions that don’t actually use real gears and are known for constantly failing and they also come with these little 3 and 4 cylinder turbo charged engines that are way overworked to meet emission standards that are known for blowing up pre 100k miles.
I recently scored a pre owned immaculately kept and serviced top of the line pre owned mid sized acura suv that was 8 years old and yes it came with 130k miles on it but if you take care of it, it can easily go 300,000-450,000 miles. It only cost me $12k. The same new version today 8 years later is selling for $74k. They are out of their minds with pricing. And I don’t get it at all why someone would spend $90k-$120k for a ford f150 pickup truck??
Never a lender nor borrower be.
Wait a minute...that means that there is a record amount of new cars being sold.
Cool I can at least afford a car to live in 😅
New Cars are not an investment. They are a luxury purchase. If we just stopped buying these overpriced utilitarian tools disguised as “luxury “, prices would adjust. And interest rates are also too high. I’ll wait for low interest rates and prices. If it doesn’t happen, I’ll pay cash for used.
Any product for sale is only worth what someone is willing to pay for it - NOT WHAT IT IS PRICED AT
Purchasing power
So good thing I didn't buy a new car yet, should probably wait until late winter then.
This guy has a wicked voice.
He has been referred to as the "Voice of Doom"...!!
Believe prices are dropping when I see it. Seriously doubt that it will happen anytime soon.
Too many 2024 models still on the lot
expensive junk
Race race race run run run , hurry if you keep your eyes closed you just might be able to race and run after your own tail .
The mental breakdown comes when you realize it’s your own tail you are chasing 😵💫
Debt is not a economy
Hang on. Used cars will be hot again if goofball implements 25% tariffs on Mex/Csn.
Only if the government's won't help in closing the border and help stop the invasion.
Wonder when that will happen in Canada
Come to the U.S. and buy one if it's not illegal to do so.
@Shadow_Banned_Conservative the tax applied to bring it to Canada hardly makes it worth doing
Still overpriced!
lots of motorcycles for sale also going to fall in price.
I recommend buying a motorcycle in winter. You can get a bit cheaper price
Would anybody mind if the price of sausages came down?
Wishful thinking, More BS. I have been hearing prices are going to drop for the last couple of years. LOL
I’m mad as hell!!!
wife and i wanted to buy something more efficient.. the hybrids we like were like 60k fuck that shit.. even if it sips gas the note alone to buy it is 3X what our current gas and insurance is combined.. i wish we had decent mass-transit, and cars were and option not a necessity
Well any bubble works that way on the value of the thing versus the amount that is owed on the loan.
I mean you know let's say everybody on both sides of your street agree that one of your neighbors' house is worth 200 million dollars you all agree that it's worth $200 million dollars now go find somebody on the outside of that neighborhood that would agree with this...
If for whatever reason you did manage to find a lot of people let's say the next 12 neighborhoods and either direction did agreed that the neighbor's house is worth 200 million dollars then you've just created a bubble market but let's say in 6 weeks more and more people decide it's not worth 200 million dollars that they might then decide it's worth 150 million dollars so it loses 50 million in value except it was never worth 200 million to begin with so the loss is fictional because the price that was decided via the bubble price was also fictional so it's not really a correction it's more so that it was never meant to be valued at that to begin with.
No there is such a thing as pricing something a little too high but not exactly straight up manufacturing a bullshit price it's just simply you pick a price you put it on the product and if somebody happens to pay it well then now you say that's what it's worth but that price though it's higher than the real value it is not exuberantly higher you know it may only be a couple $3,000 difference which okay so that's sort of competition in the town because everybody would know who the more expensive car dealer is in town and so you would shop around elsewhere trying to get a better deal That's good for business it's good that perhaps one dealership whether he's new or used or deals with both is a little higher than one or two of the other dealerships in the area because that automatically sends business to the other dealerships I mean you have people that are particular they may even be snobs that they believe in shopping at the higher price dealership they think they're getting something you have everyone else who's on a strict budget who just needs a decent car at a decent price they don't really give a shit about any of the other funny stuff at the dealership.
But there is such a thing as going a little above that two or $3,000 threshold and then eventually you will have to correct that price once that car sets there for x amount of time and you realize nobody's going to buy it at that price and you've already probably turned away 5 to 10 customers yeah you're going to have to rethink that price that should happens all the time That's just part of normal business but this bullshit where you're taking a car that in all reality is worth brand new hardly 15 to 18,000 and you're trying to stick a price tag of 45 to $50,000 on it okay that was already detrimental even back in the '90s when they were doing that this bubble has been around for a while but now when you're taking the overvalued price and doubling it to 80 to $100,000 that's completely insane That's fictional prices that's delusional idiots I think they just want to see who's going to pay that price and unfortunately there's morons that will but honestly I think that we can think our lucky stars that there's not that many of those morons there was enough of them for a while at least to sustain these stupid prices but now the industry is going to have to come off of its overpriced high horse they're yeah it's not really a correction it's just simply the prices should have never been up there to begin with.
I just want to know when the used Porsche 997 chassis market is going to drop a bit...
Prices fall, because the quality is no longer to be expected. All BS. We will have mass inflation
I’m happy I bought my car for $400 from owner who need the cash 💰 it’s a 2007 Highlander only had 66,255 miles
I hate these AI fake British voice overs.💩💩
“The car market is going to crash, but it’s not All Good News”
Thanks for my Daily Dose of Doom and Gloom☹️
I am in no need for a new ride, so waiting for prices to drop is easy. However. The dealers are still asking inflated prices currently
Prices need to drop by 50% to even begin considering a new car
Even more than that.
Just drive past any dealership they full of new cars just sitting there
thats y i pay cash on our trucks i dont fk around with it just got 3 new vans 97 k with trade in worth 9k so have debt
I've been looking for a couple of months and it looks like they're going up, not down! Esp Toyota trucks and SUVs.
I haven't been able to own any car since the Obama drama and his grandpa Joe. If anybody has a used one let me know please. The governor doesn't allow any car in California, double trouble.
Algorand🌟✨✨
ISO 20022 compliant
2b to 100b = *50 X
Feb 20th Iso 20022 *Live
100b of 7 tril is peanuts
Hoard cash , hoard food, hoard Silver.
kek
Done
I'm selling my 2015 Alfa Romeo. I'll use the money to help pay off the last dregs of my mortgage.
they got the loans pay them, you lose money as soon as you drive off the lot....
Jesus Christ died for our Sins according to the scriptures and that he was buried and that he rose Again the third day praise God praying for everyone Everyday God bless you all...
You dumbbell in your two-dollar prayer book you probably take it to the toilet with you😅
@@norm2264you know snakes use to have legs
@klujics123 you dumbbell
All who repent, forsake sin, and obey Jesus as Lord will receive eternal life.
Cars overall aren't investments ( with exceptions , porsche , classics , ect. ) so drive the wheels off it and quit crying about the purchase you made
I am not so sure about this