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SWBTATTReg

(25,413 posts)
5. And I am waiting for the other shoe to drop, prices of housing to drop too. The Cars/etc. markets
Fri Nov 25, 2022, 12:58 PM
Nov 2022

(used and new) has dropped (or has starting dropping big time) recently (I've been watching and waiting, want to buy a replacement vehicle). Houses and other investment type of assets will follow shortly. I suspect that there are lots of buyers perhaps waiting on the sidelines so that these bubbles can subside, and more reasonable / affordable prices are back again. Used car prices are already roughly back to where they were a year ago, and I'm continuing to wait until probably after year end to buy (to avoid paying personal property taxes in MO, gives me an extra year so to speak).

Trends are going our way (for those of us wanting to buy a vehicle, and the housing market, although I haven't paid that much attention to it, I'm hearing that buyers are pulling out of deals, etc. as interest rates are going up).

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