Inflation is real

>bought new car in 2019
>paid $26,000
>traded it in today
>got $27,000
Wtf? Car dealers are now paying more for used cars than they cost new three years ago.

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What kinda car?

The trade in? Kia Sorento. I buy cheap SUVs every year to get tax write offs.

Home prices have doubled in that time. If you put that $27k into a house, you'd get back $55k now.

That's how hyperinflation inflation works.
The CPI figures should be the same as always though as those corrupt Government assholes cook the books again to make their theft okay.

It makes sense really. The Jews tripled the USD money supply in America since January of 2021.

So yes, the buying power in your car tripled in US Dollar. You were supposed to get $10k but you got $27k.

>be young and dumb millennial
>get convinced by boomers i need to finance a car
>2014 chevy camaro V6 (lol)
>$16k (including fees and 3 year APR)
>pay $12k and put 40k miles on it but then default
>5 months (lol) after not paying they repo the car
>gets auctioned for $16k
>get a check in the mail for $2k
>credit score back up to 700 in less than a year
>"Y-you have to pay for it eventually anyway, even if you let it get repossessed!"

obviously didn't come out ahead as i paid money and have no car now, but i drove that fucker for 5 months and didn't make a single payment and then i got paid for letting it go.

>You were supposed to get $10k but you got $27k.
Exactly, I bought my house in 2010, the bottom of the market, for $45k. I've fixed it up some, and now it's worth $700k. Shit's retarded.

They will sell that car for around $35000 depending on the milage. Car companies arent pumping out cars fast enough (hence why all you see on lots are used cars) and it gives the impending sense of scarcity. Its also why you see several thousand dollar explicitly marked markups on new cars.

This I’ve got a ute and dirt bike both of which I’ll either give to my kids or sell one day thanks Russia and Biden for cementing my financial retirement

Smart,
I traded in a camero for the same I paid for it after driving it around for 2 years

I WANT ME A UTE

But seriously we rely so much on consumerism you can see the end result here as rather nicely. Americans especially get new cars so often its pretty crazy.

Ah, the old "buy some shit on credit, make money off it/use it, never pay for it, and then let them take it. user, that's a long rabbit hole. I've known guys who bought beach rental homes and condos, paid three months mortgage, then let the bank take two years to repo it while they collected $3k a week in rent.

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I trade my business cars and my wife's car in every three years. But, personally I've been driving the same 85 K5 blazer for twenty years.

Ya, the term “inflation” gets thrown around so much, but very few people consider what it means, and there are different ways of defining it.

I find it becomes much easier to get an understanding of tge economy/ monetary system if you throw out the concepts of inflation and deflation altogether. You will get bogged down in arguing between them, and lose sight of the very simple truth which is simply

>The value of things is always relative to other things.

Sounds retardedly simple, but it clears up a lot of confusion. So - the value of dollars relative to cars has decreased. But the value of dollars relative to tech stons has increased.

You can then move on to getting autistic and detailed about WHY those values are going up and down, and you will have a clearer picture of it in your mind, than if you get caught up debating inflation vs deflation, as though they were mutually exclusive, and they only happen when speaking about dollars.

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bruh i paid 48k for a car last year and its worth 64k at least now

How the fuck did you do 40k miles in 5 months?
And why did you make zero payments?
Wtf is this whole thing

i paid for 2 years then stopped paying and after 5 months of that they repod it

I know a guy who's been ordering new loaded AT4 Tahoes, and then selling them for $10k more when he gets them in. He makes an extra $20k a year buying and driving new cars.

That's fucking crazy. Used to a new car lost 10% value when you drove it off the lot. I guess it's a combination of supply shortages and inflation. Fuck it, buy cars not land now I guess. This is totally fucked up, and not normal at all.

>buy truck in 2018 5000 miles on it, payed 21k out the door
>2022, sells for 26k with 50k miles on it

wack

Welcome to the beginning of weimar, at an accelerated rate.

if i had known this was going to happen i would've bought two and sold one