rockits
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Also bear in mind the crazy inflated prices of most EV's has helped to push the price of ICE cars up to mask their otherwise also inflated prices.
It will come crashing down when all these asset bubbles start to deflate and the subsequent liquidity crisis ensues. I guess it will tie in at the time interest rates start to move north as well. As long as you are not over leveraged or over extended with no distressed sales most will be fine. Also with some cash to one side it will be shopping time to hoover up bargain distressed sales. I think we go from too many buyers and not enough cars to flip the other way around. Then it will be harder to sell and a buyer's market again.
I always try to search out value plays anyway to protect against over inflated prices regardless of market/economic conditions. You can still find value plays if you look or work hard enough. The Chimaera I bought 6 months ago I feel is a steal and completely depreciation proof IMHO.
It will come crashing down when all these asset bubbles start to deflate and the subsequent liquidity crisis ensues. I guess it will tie in at the time interest rates start to move north as well. As long as you are not over leveraged or over extended with no distressed sales most will be fine. Also with some cash to one side it will be shopping time to hoover up bargain distressed sales. I think we go from too many buyers and not enough cars to flip the other way around. Then it will be harder to sell and a buyer's market again.
I always try to search out value plays anyway to protect against over inflated prices regardless of market/economic conditions. You can still find value plays if you look or work hard enough. The Chimaera I bought 6 months ago I feel is a steal and completely depreciation proof IMHO.