The longer the quarantine, the higher prices will go!

sugarwood · sugarwood's Garage

Over half of all employed Americans (51 percent) transitioned to working from home. They have not spent money on anything in two months. No travel, clothes, entertainment, gyms, vacations. Nothing. Their net worth is higher than ever after two months of dramatically lower spending. Stock market is only 13% off the high, but personal cash stock piles are up. Each month of quarantine increases cash hoards that translate to buying power. Of course, the laid off bartender will not be buying a $50,000....$51,000.....$52,000 Porsche, but that was never the target demographic. Buy now or forever be priced out! They aren't making any more!

Almost every major discretionary spending categories has been eliminated during the quarantine, and will not fully recover until a vaccine is released: Major home improvement projects, new car purchase, vacations, childcare, dining out, new clothing, sports and entertainment, wedding costs, commuting, beauty hair and spa treatments, gym memberships, drinks at bars, daily Starbucks, etc.

Conclusion: 79% of people don't feel their job is in jeopardy, and now have an extra $10k-$20k in unspent cash compared to 2 months ago. If Boomer's kids skip college, that's another $250,000 that can go towards the dream 911. By end of summer, G50 prices will hit 6 figures. Buy now or forever be priced out.

Why are BAT prices higher than ads for sale pinned on the corkboard the corner grocery store?

Auction effect is real. BAT is nothing new, the concept was common in the 1700s. If you're willing to pay $x, you're also willing to pay $x+1. Basic. Anyone expecting to find a bargain at an auction doesn't know what the word means. There are people gladly willing to pay a 20% premium for delivery. Amazon knows this and has taken over the planet. Not complicated. Add in a quarantine, and expect BAT prices to spike 50%. Also, wealthy people value time over money. Contrast this to deal seekers who take 2 years to find a car, and those who search for a decade. The wealthy click a button and get things rolling fast. BAT is for the wealthy. Guys who want a bargain do not shop online, and only buy cars on CL.

Prices are going UP.
I know someone who just sold a car and motorcycle at full asking price.
People are bored at home and want to spend money.
BAT prices should be hitting new highs with a massive influx of quarantined used car demand now concentrating online.

Vaive · Vaive's Garage

Quote:

Originally Posted by sugarwood

Over half of all employed Americans (51 percent) transitioned to working from home. They have not spent money on anything in two months. No travel, clothes, entertainment, gyms, vacations. Nothing. Their net worth is higher than ever after two months of dramatically lower spending. Stock market is only 13% off the high, but personal cash stock piles are up. Each month of quarantine increases cash hoards that translate to buying power. Of course, the laid off bartender will not be buying a $50,000....$51,000.....$52,000 Porsche, but that was never the target demographic. Buy now or forever be priced out! They aren't making any more!

I know you're being sarcastic, but this isn't that far from the truth. American consumers are kinda dumb. And enough of them actually think like this.

ShopCat · 05-12-2020, 10:06 AM

BAT seeing record sales since the quarantine! - surgarwood

People have not spent money on anything since the quarantine! - also sugarwood

even his sarcasm has sarcasm

sugarwood · sugarwood's Garage

Vaive · Vaive's Garage

Hagerty's price index fell 20% From the peak of April 2008 to the trough of Aug 2009. In March 2008 - as Bear Sterns was imploding - there were probably lots of comments on boards like this saying all is well, prices will go up forever, nothing to worry about. It's only Bear Sterns. It's not like all of Wall St is about to implode right?

Vaive · Vaive's Garage

The perceived probability of losing one's job over the next 12 months soared to nearly 21% in April, according to a New York Federal Reserve survey released Monday. It was the second straight month of a record high for this metric in the survey, which the NY Fed launched in 2013. Workers are also worried about how they'll land another job if they lose theirs. The perceived probability of finding a job in the next three months tumbled 6.1 percentage points to 47% in April, the largest monthly decline ever recorded. The survey described "considerable deteriorations" in household expectations, including record lows for expected earnings, income and spending growth.

Conclusion: Air cooled prices will increase by at least 70% over the next 6 months!!

sugarwood · sugarwood's Garage

This time it's different

sugarwood · sugarwood's Garage

Quote:

Originally Posted by Vaive

[I][B]The perceived probability of losing one's job over the next 12 months soared to nearly 21% in April,

Conclusion: 79% of people don't feel their job is in jeopardy, and now have an extra $10k in unspent cash compared to 2 months ago. If Boomer's kids skip college, that's another $250,000 that can go towards the dream 911. By end of summer, G50 prices will hit 6 figures. Buy now or forever be priced out.

ShopCat · 05-12-2020, 03:16 PM

Quote:

Originally Posted by sugarwood

If Boomer's kids skip college, that's another $250,000 that can go towards the dream 911.

Amen, but for millennial's kids.

991gts6s · 991gts6s's Garage

I personally can not wait to take some CEO Porsche's from him.
I know a few hardcore 911 collectors going belly up soon..
Fond Memories of 08 09,.perhaps even worst soon!

pm me if you have a 911 /930 project that never got finished.. cash in hand

JMS935 · 05-12-2020, 06:51 PM

Quote:

Originally Posted by 991gts6s

I personally can not wait to take some CEO Porsche's from him.
I know a few hardcore 911 collectors going belly up soon..
Fond Memories of 08 09,.perhaps even worst soon!

pm me if you have a 911 /930 project that never got finished.. cash in hand

Good luck with that one. The CEOs are the ones doing the firing, not losing their jobs and Porsche collections.

1979-930 · 1979-930's Garage

Quote:

Originally Posted by 991gts6s

pm me if you have a 911 /930 project that never got finished.. cash in hand

As long as that project isn't over $20k right big baller.

Vaive · Vaive's Garage

CEOs of large publicly traded companies will be fine. CEOs of small companies, with 20 or 30 employees that are being put out of business by Democrat governors and their endless lockdowns.....those guys may start selling some cars soon.

speednme1 · 05-16-2020, 05:53 PM

This is nothing but speculation by a bunch of vultures, hoping to capitalize off someone else's misfortune. Share facts with paid prices. Back up the BS.