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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (213649)	7/31/2009 8:16:56 PM
From: Douglas M. Benedict	Read Replies (1) \| Respond to of 306849

The reality is cars are overpriced thanks to the advent of leasing.. without leasing there is no way a car would sell for $50M plus regardless of the labour, union, markups required... anyone with any common sense would seek out good used vehicles with low mileage selling on ebay at reasonable prices rather than this ludicrous concept of keeping an economy viable... Having bought 2 extremely low mileage vintage cars, I know of what I speak... Let common sense prevail.. An economy based on an unrealistic pricing module based on LEASING (no money down) and inflated pricing schemes is due for failure regardless of any govt kickbacks in the form of a cash for clunkers idea in the first place.. dollar for dollar..older vehicles with low mileage exceed the value provided by any leased vehicle feasability option avail today..besides having the sex appeal of a quality wine...:) pay cash for quality goods and forget the rest...that's my motto