Quote:
Originally Posted by Tvflguy
Yikes. Flippin’ thru the paper today at car ads. Saw the Subaru dealer. USED. Subaru’s with 10-15,000 miles mid $30s to one for $44,000. I choke up seeing ads as these.
Our 5 year old Mercedes with 30K miles will no doubt last our lifetimes. It had better with this crazy market. I’ve heard of many folks selling their 2-3 year old car for more than they bought it for new. It’s NUTS.
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Yes, it is not a good time to purchase almost anything. We plan on keeping our 11 year old Jag and 12 year old Lexus. But are in good condition and run fine. Was hoping to replace them with a Tesla, but that is on hold.
Sadly, inflation seldom reverts back to the previous lows, but does retreat some. So, we plan to just sit tight and wait for lower prices before making any large purchases. If things just continued to spiral down the drain, we have plans in place to immigrate to Ecuador. It is beautiful, extremely friendly, excellent healthcare, welcoming, and silly low cost of living.
Example, 5 acres mature orchids, 4 bedroom home with maid and gardener for $500 to $750 per month. 100% coverage healthcare is around $100/mth covers dental, optical, and healthcare. Eating out at a good Ecuador restaurant for 2 will run about $10 to $20. And on and on. Note: If you want to live with other American's (there are around 15,000 there) the costs are higher - but, all your favorite restaurants (and high prices) are in those areas.