Prices😳

[Shibadog]

So, I’m at the stealership yesterday fr an oil change/tire rotation and I’m wondering around a very thinly stocked lot. Well, there’s a Compass— $37,900. Oh and over here is a Wagoneer for a paltry $110k. The world has lost it’s collective mind. I bought a darn nice house for less than the Compass costs, and I built a beautiful one for less than the Wagoneer. I feel like we’re playing with Monopoly money (and we kind of are since it now has zero intrinsic worth). Never ever thought I’d see this stuff

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[Chocolate Thunder]

It’s because you’ve clearly lived for a very long time. Wait until you find out that the kids these days are paying $20 to see the moving talking pictures abd $8 for a cup of joe now!

 

[Sean L]

So, I’m at the stealership yesterday fr an oil change/tire rotation and I’m wondering around a very thinly stocked lot. Well, there’s a Compass— $37,900. Oh and over here is a Wagoneer for a paltry $110k. The world has lost it’s collective mind. I bought a darn nice house for less than the Compass costs, and I built a beautiful one for less than the Wagoneer. I feel like we’re playing with Monopoly money (and we kind of are since it now has zero intrinsic worth). Never ever thought I’d see this stuff

$37,900 today might just get you a little bit of land with a collapsed building on it. $110K might get you a condemned house that hasn't collapsed yet.

Oh and I'm paying over $3 a foot for 2" PVC conduit now but in 2019 it was around $.80. Today's market just sucks....

 

[Shibadog]

It’s because you’ve clearly lived for a very long time. Wait until you find out that the kids these days are paying $20 to see the moving talking pictures abd $8 for a cup of joe now!

You got that right. ‘Course they’re making 16 an hour at Mickey Dee’s but sheesh. Methinks it’s time we move the decimal place over a notch or two and start over

 

[Deleted member 59498]

Bet your 100k home is worth a whole lot more now.

 

[Steph1]

I paid $250G for my house 20 years ago. My daughter just bought a Similar house last week in not as prime location as ours same square footage for $700G !!!!! World's gone mad I tell yah !!

 

[Shibadog]

True that. Heard a wise man once say things of true value remain the same. In 1890 you could buy a new Colt Single Action Army for a new $20 Gold Piece. You still can

 

[John VonJeep]

(I’m sure this will be me in 20 years)

 

[Heimkehr]

Price growth since March 2020 is beginning to surprise even me.

It started with Carvana offering me $5K more than I paid for my JLU Sport. No surprise there; there's any number of forum posts where fellow owners fielded similar offers.

No, what's intriguing, to put it politely, is the strength of the trend.

A work colleague's neighbor recently listed his house for $429K. Three days later it was under contract...for $550K. That's the power of low inventory.

Mrs. H periodically sends me comps of the recently sold houses in our neighborhood. Simple extrapolation makes plain that we'd really make bank if listing our house now. What she is less willing to concede is how all of that and more would be needed to purchase another house...and that's if we were even able to find one that meets our requirements and have our offer accepted. No, it's better to just hunker down for now.

And as for the current valuations of those things that we might park in a safe, and not a garage? Fuhgeddaboudit.

 

[FloridaSon]

(I’m sure this will be me in 20 years)

Hell, that’s me now. I had to place a gamecam to track the vagrants (not same as unfortunate homeless to me) walking next to my house at night!

 

[TimmH]

Yeah, amazed when we see what houses in our neighborhood are selling for. But as others said, where do you move to?

I'd rather wait it out, and sell when I can no longer maintain and care for the house and use the money in my retirement.

 

[Wbino]

You got that right. ‘Course they’re making 16 an hour at Mickey Dee’s but sheesh. Methinks it’s time we move the decimal place over a notch or two and start over

So the guy flipping burgers is pulling you down?

 

[K9Jeeper]

So the guy flipping burgers is pulling you down?

Well… if you don’t agree, that doesn’t take away from the truth… If it costs more to run a business, the cost will NEVER come out of the corporations pocket… it’s going to come out of yours… So yes, the burger flipper is contributing and his $$$ is still worth the $8 per hour equivalent. See how that works?

 

[mnjeeper]

Yeah, amazed when we see what houses in our neighborhood are selling for. But as others said, where do you move to?

I built three years ago. I could damn near double my investment now.

Makes moving out to the middle of nowhere even more attractive.

 

[Shibadog]

I’m so old I remember taking a $20, filling the car, taking a girlfriend to a movie, then going out for burgers, fries and a shake and still having MONEY left over. THAT was a LONG time ago….

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