Originally Posted by kawie_guy
..... America runs on it's middle class, and when the buying power of the middle class is reduced, we have problems.
But that's just it, they're not having problems selling these things. The bottom isn't falling out of the high priced truck and car market. They're selling them left and right. At some point it might slow down for a while. But that's to be expected. Every good new car market is followed by a bad one, just like real estate.
I've been listening to real estate "experts" talk for the last 30 years how the bottom is going to drop out of the Southern California real estate market. Because of how over priced the homes have become. They said it when 1,100 sq. ft. homes were $250K, 20 years ago. Now those same homes are selling for $450K+. They just keep going up. In spite of the fact a lot of the big paying jobs have gone away. People said the bottom would fall out of the stock market when it hit 20,000. It hasn't.
We've been hearing how the middle class is being squeezed out of existence for how many years now? Yet they're living better than ever. Consumer confidence was at an 18 year high just 3 months ago. It may taper off for a while. But the world isn't going to stop turning. People will just have to be smarter with their money. Fuel prices will hurt sales of these thing far more than the high purchase prices. And gas has been cheap for a while now.
https://www.marketwatch.com/story/c...-year-high-near-all-time-peak-2018-09-25
..... America runs on it's middle class, and when the buying power of the middle class is reduced, we have problems.
But that's just it, they're not having problems selling these things. The bottom isn't falling out of the high priced truck and car market. They're selling them left and right. At some point it might slow down for a while. But that's to be expected. Every good new car market is followed by a bad one, just like real estate.
I've been listening to real estate "experts" talk for the last 30 years how the bottom is going to drop out of the Southern California real estate market. Because of how over priced the homes have become. They said it when 1,100 sq. ft. homes were $250K, 20 years ago. Now those same homes are selling for $450K+. They just keep going up. In spite of the fact a lot of the big paying jobs have gone away. People said the bottom would fall out of the stock market when it hit 20,000. It hasn't.
We've been hearing how the middle class is being squeezed out of existence for how many years now? Yet they're living better than ever. Consumer confidence was at an 18 year high just 3 months ago. It may taper off for a while. But the world isn't going to stop turning. People will just have to be smarter with their money. Fuel prices will hurt sales of these thing far more than the high purchase prices. And gas has been cheap for a while now.
https://www.marketwatch.com/story/c...-year-high-near-all-time-peak-2018-09-25