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.<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.
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#21 Jun 16, 2010
Since: Aug 09
#22 Jun 17, 2010
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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