Used cars? Really?
Secondhand properties I can understand and get behind,but I don’t think there’s a market for used cars now unless we’re talking about luxury cars or muscle cars for that matter, and even then we can’t guarantee that since the car industry depreciates in value every year more drastically than the smartphone world.
As a businessman I get the idea behind setting up a used-car dealership. But as a customer or perhaps a flipper? You’ll have better chances flipping NFTs and cryptocurrencies cause no one’s gonna buy your 80k mileage Toyotafor higher than its set , even if there’s historical relevance to it. No one’s gonna buy the car that Michael Jackson used to go to grocery once or whatever the fuck they sell items in the auction for nowadays.
Topic: Used cars and real estate market very volatile and a lot people will fomo in - page 3. (Read 463 times)
December 18, 2023, 10:58:49 AM
December 18, 2023, 10:44:04 AM
Totally agree with your assertion because real estate and housing in 2023 was a bumpy and rough one as purchasing power across the globe kept decreasing year on year same happened with used cars in 2023 as people prefer to maintain what they have now than buying another, either new or used, and 2024 won't be any different as most countries are going through recession that is difficult to curb
You can not generalise those types of market, I am not familiar with the used cars market but I am a bit familiar with the real estate market and one thing is that you don't generalise the real estate market.There are factors that affects the value or situation of real estate market and the biggest factor is it's location if it's a sorted after location the value of it is expected to grow, but other factors like the condition, previous owners etc can also play part in the value.
December 18, 2023, 10:27:40 AM
Totally agree with your assertion because real estate and housing in 2023 was a bumpy and rough one as purchasing power across the globe kept decreasing year on year same happened with used cars in 2023 as people prefer to maintain what they have now than buying another, either new or used, and 2024 won't be any different as most countries are going through recession that is difficult to curb
December 18, 2023, 06:24:52 AM
Everybody waiting for fed rate cut like new hope.
A lot people will fomo in to used cars and real estate market.
But the estimated real bull market for real estate and cars will be about 2027-2028.
Until then will be very volatile market (long. wicks short wicks) a lot real estate investors and car dealers will be liqutated out of business.
If real estate will be on chart then we are at "deadcat bounce" now
Now it's very difficult to understood because assets will not move correlated together.
We gona see one of the biggest shake out + liqutation of capital.
Cars specially used cars + real estate+bond market+sp500 Will be very volatile.
Now many people taking those assets for granted they are confident specially real estate and that's how many will lose money because all the guards are down.
Don't take my words as truth If you can't connect the same dots together in your own mind.
A lot people will fomo in to used cars and real estate market.
But the estimated real bull market for real estate and cars will be about 2027-2028.
Until then will be very volatile market (long. wicks short wicks) a lot real estate investors and car dealers will be liqutated out of business.
If real estate will be on chart then we are at "deadcat bounce" now
Now it's very difficult to understood because assets will not move correlated together.
We gona see one of the biggest shake out + liqutation of capital.
Cars specially used cars + real estate+bond market+sp500 Will be very volatile.
Now many people taking those assets for granted they are confident specially real estate and that's how many will lose money because all the guards are down.
Don't take my words as truth If you can't connect the same dots together in your own mind.
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