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Hyperinflation starting? What's happening in your area? Post your ground reports.

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MTF

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For those of you with cars that are now way up in price - are you thinking of selling?

I am tempted to offload what I have and just free as much cash up as possible for any incoming deals on property.
I thought about selling my truck which could get me $10k before taxes.

I didn't because I thought there's a good chance I'd give that money back and more to some sharky car dealer with low inventory when I buy to replace.

I got the car as a lease when dealers were desperate for sales during the beginning of the lockdowns so I managed to lock down a great residual.

I recently bought the car without a dealership involved too so I was able to avoid the dealer marking up that transaction by thousands of dollars as I've heard happen to others doing lease buyouts during this time.

But the risk/reward for me wasn't worth selling at this time.
 

thechosen1

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Have a feeling a black swan event is going to come if this continues.
Everyone will call it a black swan, despite being totally predictable.

It's like watching a ship sink in slow motion, or a plane fall in slow motion.

Good news is, it's likely just another cycle. It will happen again and again. But the part that isn't a cycle is the continuous march upwards towards things getting more expensive while buying power lessens...
 

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