Quote:
Originally Posted by Isaac Zachary
I read in one report that in a certain country that suffered a major economic recession that after a while studies found that people on average were happier there.
With the way things are, we don't know when the used car market will return to normal.
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What country and what study? Being poorer than before usually isn't positively associated with happiness. Locally, everyone is more depressed than pre-pandemic. I'm still waiting for everything to be as great as it was in 2019, and have had very mild depression ever since.
The used car market will never return to what it was before (inflation doesn't reverse), but we will have a new normal. My guess is used car prices are nearing the new normal price; perhaps in a year. It could take up to 3 years though for lease returns on new cars to supply the used market. So, 1-3 years tops to achieve the new equilibrium, whatever that is.
I'm kicking myself for holding on to so much cash since our policies don't favor savers. I'm 20% poorer in the last 3 years, and the things I considered buying I won't because I'm still fixated on the 2020 pricing of things.
Maybe AI and continued automation will make things very inexpensive and I'll forget about the "good old days".