The price of my Prius went up 10% this month and over 50% in 2 years.

it's crazy, i wish i had something to sell!

 

crumbled cookies might sell better than you think...

 

it's insane. All the online calculators are telling me that our c is worth $18k in a trade.

I love the car, I'll be the first to talk it up but... that's extremely little depreciation given that we've had the car just shy of 4 years, about to make final payment in fact. Something else in the deal is de-valuing faster.

Wish I'd got two; apparently it's a good time to owe money.

 

cash

 

Out here on the west coast low 100K mile Gen2 is selling for $10K now and Gen3 are $15K... That's how much a used Gen4 was selling for 18months ago.

All this because 32 years ago auto makers conspired to kill the electric car and thought they'd watch upstart Tesla be the first victim of what the fossil fuel industry would do to an automaker than went all electric. So now here we are with a "chip shortage" lowering new car sales when in truth it's the fact people would rather sit on an EV waiting list for years than invest long term in a vehicle that sustains the fossil fool industry that's setting the whole planet on fire!

 

Will be putting my 2005 140kish mile, gen 4 module HV battery prius up for sale in next couple weeks. Has about 350 miles or so on this tank of gas and is sitting around 53-54mpg on MFD. Curious to see what it draws on this coast.

 

Watcha gonna ask for it? I saw an old guy last Spring post his Gen2 Prius w/60K miles in mint condition out here... He was heading into the local retirement home and set an outrageous price on craigslist and said he'd only accept offers $400 higher than asking price and highest bidder would be contacted on a specific day at a specific time and had a long list of details about payment and how the transaction would be completed, as well as dozens of photos of everything a smart Prius buyer would want to see.

I wish I had saved that post. It was pure genius and only up for 72 hours. I've no doubt that dude was successful. It was so impressive!

 

Housing costs in the Tampa area are totally insane right now and there are call for emergency measures because so many people are being forced out of their homes due to the rent doubling or worse.
Community meeting held on rising rents as prices continue to rise in Tampa Bay
We just checked a couple websites and found that our house is now valued at about 245% of what we paid for it 7-1/2 years ago. We're make a killing if we sold it, but then what?

And, back on topic, I checked and my '17 Prime will get me almost what I paid for it three years ago if I trade it. If you can find a new car at MSRP, this might be a good time.

 

Can always sell the dog.

 

Unconscionable that landlords would take advantage like this.

 

Who says they are landlords? Many companies (and some individuals) are buying up housing with no intention of operating rentals. If you can make money just holding a property for 6-24 months, why take the risk of involving a tenant?

It is long past time for vacancy taxes.

...but back closer to the topic, I'm still trying to write the joke, assistance appreciated:

"I put $25 worth of gas in my Prius yesterday."

"Argh! it cost me $100 to fill the F150 yesterday!"

"Yeah well now you have $200 worth of gas, mine's only up to $50"

 

Don't rentals imply landlords?

 

when the next property crash comes, will you sympathize for the landlords who have no tenants but still have to pay operating expenses and taxes?

 

Karma?

 

Nice attitude you have

 

Yesterday's monthly inflation report stated that used vehicle prices (overall, not Prius specifically) actually fell last month:

"Increases in the indexes for gasoline, shelter, and food were the largest
contributors to the seasonally adjusted all items increase. The gasoline
index rose 18.3 percent in March and accounted for over half of the all items
monthly increase; other energy component indexes also increased. The food index
rose 1.0 percent and the food at home index rose 1.5 percent.

The index for all items less food and energy rose 0.3 percent in March following
a 0.5-percent increase the prior month. The shelter index was by far the biggest
factor in the increase, with a broad set of other indexes also contributing,
including those for airline fares, household furnishings and operations, medical
care, and motor vehicle insurance. In contrast, the index for used cars and
trucks fell 3.8 percent over the month."

CONSUMER PRICE INDEX – MARCH 2022

 

Nothing to do with anybody's attitude, it is the risk Landlord's take, especially if they take on too much risk and over-extend themselves. Same with the risk of raising rents just because they can, eventually they will lose loyal tenants and gain instability instead. Don't blame anybody but the landlords themselves and the investment firms focused on quick profit.

 

Many private equity investment firms are buying as many a 5K house a month and doubling the rent and refusing to make repairs or maintain the property so they can maximize profits. Houses are for sheltering people, not sheltering wealth. Yet 1/3rd of all cash home purchases are tied to organized crime engaged in money laundering and the people responsible for regulating this are looking the other way.