Pickings slim for car buyers | The Co...

Pickings slim for car buyers | The Columbus Dispatch

There are 22 comments on the Columbus Dispatch story from Jun 15, 2010, titled Pickings slim for car buyers | The Columbus Dispatch. In it, Columbus Dispatch reports that:

Some of the lowest inventories in years are making new-car lots look a little empty these days, a trend that is putting some autoworkers back on the job but is unlikely to help car shoppers looking for a discount.

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Unbelievable

Columbus, OH

#21 Jun 16, 2010
STOP with NEW TAXES wrote:
<quoted text>
The vehicles that are still on the market aren't worth what they are asking. I actually saw a 1993 mazda with 165,000 miles and rusted-out fenders on a lot for $2500!!! I about passed out when I saw what they wanted.
the car is worth the price being asked if it gets purchased. It may not be worth it to you, but you can continue to drive your old car or take the bus if you don't like the price.

Since: Aug 09

Columbus, OH

#22 Jun 17, 2010
STOP with NEW TAXES wrote:
<quoted text>
Let me see if I understand you - lower supply of cars means price is higher BUT too many houses, sell them at inflated prices to underqualified people is normal? Here is a news-flash for you, the builders didn't create the subprime market, it was the gov't. Clinton and his fellow democrats said everyone DESERVED a house wether you could afford it or not.
I totally understand the laws of supply and demand -.
I'll try to explain it a little differently:

Lower supply of cars + Higher prices = normal market conditions.

Higher supply of houses + Higer prices = market bubble. Under normal conditions a higher supply of houses would mean the price of houses would drop.

Also, I know you'd like to blame Clinton, but I would also remind you that it was George W. Bush who signed the "American Dream Downpayment Act" in 2003 that authorized the government to insure homes purchased with "no money down" and started the sub-prime mortage boom. Look it up.

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