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It's Almost Impossible To Find A Decent Used Car Under $20,000 (jalopnik.com)

submitted 1 year ago by Valdair@kbin.social to c/personalfinance@lemmy.ml

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Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.

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[–] Stuka@lemmy.ml 5 points 1 year ago (1 children)

If you expect that to continue happening you're in for a surprise.

[–] Turkey_Titty_city@kbin.social 1 points 1 year ago* (last edited 1 year ago)

dude, everyone says the housing market will crash for 15+ year now.

We have to accept the old rules of economy are out the window. govt will bail and stimulate to no need the second the market slows down.

this is the new normal. truth is our inflated economy can't ever allow housing values to go down anymore without causing a depression so the govt won't allow it.