You are viewing a single comment's thread from:

RE: Vampire Phase Of The Bull Market

in LeoFinance4 years ago

Household budgets are getting crushed around the world, many people are hiding out in stable coins because of the yeild and access to liquidity rather than sitting in dollars or their local fiat shitcoin. Look at Turkey how people are flocking to stable coins and bitcoin

I read stories about how people in the US are selling used cars for more than they paid for it due to shortages but that's crazy, how long can that last? Is it a general feeling or specific types of cars like pick up trucks?

I also read a lot of US peeps are now looking for real estate overseas since they're obligation is in a shitcoin like a peso they can easily pay it off and secure the land to leverage later

People are looking for anything that can store value, where this leads I don't know

Sort:  

The car situation comes from a few different angles.
There was a lot of flooding during the summer and it keeps seeming like a lot of cars are getting destroyed from various events. For instance the Corvette plant in Kentucky got hit by a tornado and a couple hundred cars had to be destroyed.

So production has been totally messed up with the chip shortage and usually you can get older cars for $1,000-$2,500. That doesn't really exist anymore. To get into something that runs and is dependable it is going to be more like $3,000 on the low end.

Trucks have been popular but for instance the Chevy Silverado has supply chain issues so they were building them and taking them to a parking lot but then the rats chewed the wires.

Also people have been targeting the luxury and exotic market. If you get clean examples of a car that had low import numbers and already went down its main depreciation curve.

Sports cards have been popular as well.