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Why are used cars so expensive right now?

thehustle.co

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Re: Why are used cars so expensive right now?

#21

Post by ebiester »

Lammy wrote: post #9
JKCalhoun wrote: post #5

Earlier quoted context omitted.

New car shortage was explained by a chip shortage. What is the reason new housing starts are not keeping top with demand?

> What is the reason new housing starts are not keeping top with demand? https://en.wikipedia.org/wiki/Civil_Rights_Act_of_1968#Title... But especially since https://en.wikipedia.org/wiki/Equal_Credit_Opportunity_Act e: downvoters know I'm right ;) https://fred.stlouisfed.org/series/OEHRENWBSHNO https://i.imgur.com/kP8ugvH.png

You add nothing to the conversation.

Make an actual argument. Are you saying that the legislation reduced the level of housing created? Are you saying that redlining increased housing stock? Are you saying that black people having equal access to credit made white people less likely to build houses?

Linking to Wikipedia with a wink and a nod to racism is not an argument. Be explicit with your argument here.

Re: Why are used cars so expensive right now?

#23

Post by syshum »

JKCalhoun wrote: post #5
jeffbee wrote: post #2

I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.

New car shortage was explained by a chip shortage. What is the reason new housing starts are not keeping top with demand?

Zoning and Price of Raw goods. For awhile lumber prices alone added an additional 15-30K to the cost of building a new home.

This caused the builder to focus on building more higher end homes, so new homes in the 5-6x median income market were being built but the home in the 2-3x median income home that most people would buy (and should buy) was not cost feasible to build.

Re: Why are used cars so expensive right now?

#24

Post by tokamak-teapot »

ris wrote: post #14

An article as a series of images. Without even any alt text. I don't think I saw things as bad as this even back in 2006.

I was just reading it (on mobile) and thinking that it’s perhaps the easiest to read and clearest article I’ve seen for a very long time. Something to do with the headings and short explanations, the visual layout and the simple but not _too_ simple charts. 10/10 for me - but I don’t need the alt text, so I’m not disagreeing the images should have those, especially as they are important to the flow.

Re: Why are used cars so expensive right now?

#25

Post by cooktheryan »

prpl wrote: post #15

The Kia Telluride is selling for quite a bit more than MSRP, used. Apparently dealerships are asking for more than MSRP new and that is part of it (in addition to/because of low availability)

They have been saying that since the car released. Kia has been playing NY nightclub bouncer with the availability and enjoying the extra $$ they get on top.

Of note drive an Optima so not a super Kia hater just what they have done with the release of this model

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