I have been waiting for the Housing Bubble to pop for 5 years.
The price of the average house around here got all the way up to retarded, $300+ thousand and it didn’t matter if it was new or built in 1942.
I think it just cratered but it’s going to take a while for that to catch up, people are still trying to get top dollar in some cases but I have already seen the prices start to head back down.
The car industry on the other hand, is going to get completely fucked.
I saw a piece yesterday saying that just like the oil tankers, they have car transports lined up out in the ocean because every square inch of the real estate they use for storage is already full.
The absolute bottom is going to fall out of the used car market too.
It’s just a matter of time. There is a glut of them on the market right now.
I have been looking around for a beater pickup but have basically given up on trying to find anything from the 60’s and even the 70’s around here.
It is flat out ridiculous.
A thrashed out beat up “Project” truck starts at $2500 and something that just runs and drives starts at $5K , then goes through the roof from there.
They are literally asking anywhere from $15 to $25 thousand dollars for a straight pickup that runs. I’m not talking flashy Hot Rod here either, just something I could have picked up for a grand ten years ago.
So I am leaning towards an older Ford Ranger or something along those lines.
Something with a 4 banger and a 5 speed. I don’t need or want a bunch of horsepower, just something to haul shit in that gets decent gas mileage.
Even those types of little pickups are averaging $4K around here. You gotta get way out of the area before the prices start getting down to reality.
I do see the occasional deal but everyone of them has problems I don’t want to mess with.
Something will come along, I am in no hurry and you will undoubtedly have yet another reason to poke fun at me in the not too distant future.