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Post by UConnChapette on Mar 12, 2022 7:51:20 GMT -5
My son has decided to sell his car, and not get a new one for the time being. He is getting offers from Carvana and Carmax among others.
He said that Carvana is selling the exact same model and year of his car for $30,000. Two years ago he bought it (used) for around $23,000.
It is a sellers market. He may end up getting as much as he paid for it when he sells, maybe even more.
For him, that is good. For everyone else looking to buy, not so good.
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Post by Deleted on Mar 13, 2022 13:17:38 GMT -5
My son has decided to sell his car, and not get a new one for the time being. He is getting offers from Carvana and Carmax among others. He said that Carvana is selling the exact same model and year of his car for $30,000. Two years ago he bought it (used) for around $23,000. It is a sellers market. He may end up getting as much as he paid for it when he sells, maybe even more. For him, that is good. For everyone else looking to buy, not so good. Used cars are in short supply and prices have risen substantially. Real Estate here in the Tampa Bay Region is also sky high, but that makes it very difficult for most potential buyers! Last year my nephew was looking to buy a house near the University of Tampa and in a very trendy area, but after 5-6 months of giving offers; nothing came through for him! When my brother (nephew's father) called me asking what was up, I took a look at some of the properties he offered on and all sold for more than the asking price!!! A Hottt market, with buyers getting multiple offers and the bidding war starts!! Finally; Danny made an offer on a house that the seller couldn't refuse, and he's now a homeowner! It's crazy because, sooner or later, the bubble will deflate? |
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Post by vtcwbuff on Mar 13, 2022 18:13:14 GMT -5
My neighbor put her house on the market last fall. She had 13 offers within a few days. She sold for well over the original listing.
As for cars, have you looked at new car lots recently? The new car dealers around here are probably at 10% of their normal inventory. That's what happens when you depend on critical parts from an overseas supplier. I haven't paid attention to the used car inventory but I'm sure their inventory is also low.
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