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What are y'alls predictions on when used car prices peak and start heading back down (or will they simply platau)?
I couldn't believe how prices jumped up something like 30% and continue to keep increasing. My assumption at the beginning of the pandemic was that people would be out of work and selling everything to get by, but that doesn't seem to have occurred. One of my tenants bought a new motorcycle with the stimulus check while he was furloughed and I was giving a free month of rent.
Whenever I think I've got something figured out, I should just bet on the opposite since I'm so consistently wrong about my assumptions.
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