Live data from Hacker News

Chip shortage: Toyota to cut global production by 40%

bbc.com

161–170 of 720 posts

Re: Chip shortage: Toyota to cut global production by 40%

#161

Earlier quoted context omitted.

If you're an established adult who owns a house and two cars, your assets have skyrocketted. You're having a great time.

how? can you capitalize on that upside somehow? sell them, live in a tent until prices are down?

You can pull out home equity in a cash out refinance. Borrow at 2.5%, then roll that into index funds averaging 8%, and turbo-charge your retirement goals.

Re: Chip shortage: Toyota to cut global production by 40%

#162
post #101

Earlier quoted context omitted.

The difference being that lots of people want to keep those inflated housing prices high (nimbyism), whereas nearly everyone wants car prices to go back to normal.

Car prices won't go back to normal again though. They will come up clever financing schemes to make people pay but the prices will never be reduced.

This is mostly just a reflection of the fact that the value of the dollar has declined precipitously over the last 18 months. Dollar prices are sticky, so it can take a bit of a shock for inflation to “kick in”, but we’ve had plenty of shocks to go around.

Re: Chip shortage: Toyota to cut global production by 40%

#163

Earlier quoted context omitted.

Spend 5K on a really nice commuter electric bicycle. You'll be doing a solid for the Environment and you'll have an EV that makes you fitter.

If you have a kid that's not a workable solution, moreover, safety is a huge issue on 2 wheelers.

I’ve taken my son on an e-bike daily since he was 11 months old - he loves it compared to being in the car. There are a range of products on the market handling up to 4 kids and with creature comforts like rain shields.

I use one of these: https://yubabikes.com/cargobikestore/electric-boda-boda/

A relative uses one of these in the Boston area, year round:

https://www.ternbicycles.com/us/bikes/472/gsd

A friend loves this for their family:

https://www.r-m.de/en-us/bikes/packster-70/

Not cheap, but an order of magnitude less than a car ($10k/year by AAA’s numbers) over the lifetime of the bike.

Re: Chip shortage: Toyota to cut global production by 40%

#164

Earlier quoted context omitted.

If you're an established adult who owns a house and two cars, your assets have skyrocketted. You're having a great time.

how? can you capitalize on that upside somehow? sell them, live in a tent until prices are down?

I capitalized on it by buying a new car and selling my old one. I sold a 3 year old camaro for $1000 less than I paid for it. I didn't get very much off MSRP of the new car, but I got way more value from a three year old camaro than I ever expected to get.

Re: Chip shortage: Toyota to cut global production by 40%

#165
post #101

Earlier quoted context omitted.

The difference being that lots of people want to keep those inflated housing prices high (nimbyism), whereas nearly everyone wants car prices to go back to normal.

>> whereas nearly everyone wants car prices to go back to normal. There is a significant voice that would like to price cars out of private ownership. Traffic, pollution, safety, urban sprawl ... pick your evil and someone wants to eliminate private cars for that reason. I regularly read about how the next wave of cars will all be somehow "shared", that we will whistle and they will appear at our doorsteps ready to c…

That's like 0.1% of people

Re: Chip shortage: Toyota to cut global production by 40%

#166
post #101

So new cars are going to be come more expensive due to supply limitations and in turn used cars will continue to become more expensive as they can rise to a certain % of the new car price. At the same time housing prices continue to sky rocket. Seems like not a great time for someone just stepping into adulthood and financial responsibility.

The difference being that lots of people want to keep those inflated housing prices high (nimbyism), whereas nearly everyone wants car prices to go back to normal.

I live in a country with a working public transport system.

I'd prefer it if ICE cars were as expensive as possible in order for the planet not to burst into flames.

Re: Chip shortage: Toyota to cut global production by 40%

#167
post #117

Earlier quoted context omitted.

probably not, regulation and crack down on pollution from vehicles. Have you ever rode in an older car that uses a carburetor instead of fuel injection? Nothing like the crisp smell of gasoline in the morning... or anytime you drive it.

Of course, you need some electronics. Let's rephrase: which cars from western mainstream manufacturers are currently the "lowest tech"? No infotainment, no digital dash, no touch-sensitive anything, as few sensors as is viable to still be road legal? And a related question: modern cars are full of tech because that's what market demands. Can we expect the trend to reverse at some point?

> no digital dash

Rear view cameras are mandatory since ~2014 so I don't think this is possible.

Re: Chip shortage: Toyota to cut global production by 40%

#168

Earlier quoted context omitted.

Maybe this is a dumb question, but does anyone still produce cars without chips? It's possible, and in the current environment it seems like it would be a major competitive advantage-- and might be more reliable in general.

Ugh... in one of the these threads on HN someone said a manufacturer was doing that, or at least openly speculating about it, offering a low tech model. I think it was in France but my memory is fuzzy.

Probably thinking of 'voitures sans permis', really small cars that can be driven in France by people without drivers licenses.

(Including by people who've been disqualified...)

Re: Chip shortage: Toyota to cut global production by 40%

#169

Earlier quoted context omitted.

If you're an established adult who owns a house and two cars, your assets have skyrocketted. You're having a great time.

how? can you capitalize on that upside somehow? sell them, live in a tent until prices are down?

Obviously most people can’t do this but a family member was recently approached by the dealer who sold him his most recent work truck. He’s driven like 30k miles on it in the past 2 years and it was a $75k Chevy diesel. Dealer offered him $90k to buy it back from him (to sell to someone else) and my family member said “Sure”. So he made $15k on an asset that should have lost 1/2 its value by now. Obviously rare and hard to take advantage of but some people are absolutely capitalizing on the weirdness.

Re: Chip shortage: Toyota to cut global production by 40%

#170
post #160

Come on, we all know this problem and we all know the solution. It's probably red-circuits that we are talking about here. We've all been there: you have your yellow belts full of green-circuits, but the red ones are just so much more complex. You need to set up the entire oil production chain for that, which is tedious and you probably rushed it just 'get a few red circuits so I can get my electric furnace'... I say…

I love playing Factorio, but it's moments like above when it starts to stop feeling like a game and it starts to feel like refactoring code at work.
Post reply on HN