Jeez. Sure Picked The Wrong Time To Move

[olds]

Housing market is crazy. Been out bid a couple of times by people offering stupid, crazy amounts over asking price. Might start only looking at houses that have been on market for 10 days or so.

Used truck market is crazy. People asking crazy prices for used trucks especially if it's a Ford with a 7.3. Plus, everything here in Ohio has rust. Thinking about buying something in California if one of my wife's (over 30 years is car sales) contacts can find something.



/blog

 

[s0me0nesmind1]

Don't move until the housing market cools.... few months after the COVID eviction moratorium ends should lighten up a bit

As far as used trucks - yeah, I got similar when I was trying to buy an SUV. I'm pretty religious about buying used to minimize depreciation but holllly-shit, people were asking ridiculous prices. Ended up going with a brand new RAV4 Prime and saved $10,000 in tax credits. Ended up being cheaper than buying a 2-3 year old used one practically lol. So... if you're a pickup person, maybe buy the new Ford electric one?

 

[brianmanahan]

Used truck market is crazy. People asking crazy prices for used trucks especially if it's a Ford with a 7.3. Plus, everything here in Ohio has rust. Thinking about buying something in California if one of my wife's (over 30 years is car sales) contacts can find something.

in ohio the best bet is to buy something from AZ/CA/etc

and then just know that if you ever drive it in salt, it will be rusted to shreds in 20 years

though honestly i have a 25 year old civic and it isn't doing bad. back fenders are a little like swiss cheese, but nothing dangerous.

(oh wait nvm - i forgot that the brake line rusted out while i was driving towards a train track 10 years ago and i had to e-brake it, then take it to get brake and fuel lines totally replaced)

 

[brianmanahan]

i also am looking for a house too, and i've basically given up for now. just gonna keep renting.

in decent suburbs, places are selling for 2x what they were a few years ago.

rural areas aren't up quite as much, but any lots with tillable acres are going to bring huge prices from farmers because crop prices are at record highs.

now i realize that me saving money and waiting a few years to buy a house was a bad move. i should've bought what i wanted 5 or 10 years ago even though it would've left me strapped for cash at the time.

 

[brianmanahan]

on the plus side though, you probably made a killing on the house in CA right?

 

[BurnItDwn]

yea, its very much a sellers market.
Wife and I have been looking to upgrade from a 960 sq foot small house with a driveway but no garage, and no room for a garage due to setback requirements...
Sure, my "starter home" went up in value by like 50K, but, all the houses I'd consider moving to have gone up by over 100K.
So, we shall wait for market to cool off, eventually.

 

[thestrangebrew1]

Used truck market is crazy. People asking crazy prices for used trucks especially if it's a Ford with a 7.3. Plus, everything here in Ohio has rust. Thinking about buying something in California if one of my wife's (over 30 years is car sales) contacts can find something.

I'm on a FB F150 group and I'm seeing people posting saying their stealership is calling them asking to buy the truck back for thousands over kbb. I'm sorta in the market for an f250, but really my f150 has been doing just fine for me. Just like the idea of towing my trailer more comfortably.

 

[ponyo]

My cousin recently sold his leased Lambo Huracan Spyder for more than he paid new. He got multiple buy offers hours after he listed it. Even after he sold it, bunch more people contacted him offering another $20k on top of his sold price. He said in the end, he got paid to drive the Lambo for like 2-3 years. All kinds of markets are terribly distorted right now.

 

[nakedfrog]

Fuckin' a, man. The first place I put an offer in for $25k over asking, it went for $45k over. Some of the places around here are going for $100k over asking, or even more
I lucked out and got one at asking price, basically following your reasoning, it had actually been on the market for ten days, and they had dropped the price by $10k. They probably could have gotten full price or more if they'd replaced the carpets and gotten the interior professionally painted, but that just means sweat equity for me.

 

[BoomerD]

I'm on a FB F150 group and I'm seeing people posting saying their stealership is calling them asking to buy the truck back for thousands over kbb. I'm sorta in the market for an f250, but really my f150 has been doing just fine for me. Just like the idea of towing my trailer more comfortably.

I recently got a call offering me almost as much for my 2019 Lariat as I paid for it a year ago.

Thanks...but no thanks. I like my truck...and can't replace it for anywhere close to the price I paid.

 

[highland145]

My 2010 Tacoma is still worth ~$17K, paid $24K.

 

[Iron Woode]

Housing market is crazy. Been out bid a couple of times by people offering stupid, crazy amounts over asking price. Might start only looking at houses that have been on market for 10 days or so.

Used truck market is crazy. People asking crazy prices for used trucks especially if it's a Ford with a 7.3. Plus, everything here in Ohio has rust. Thinking about buying something in California if one of my wife's (over 30 years is car sales) contacts can find something.



/blog

rust is a big problem up north. Especially around the Great Lakes region.

I remember my dad's 1977 Volare station wagon needing body work to repair/replace fenders and doors after 3 winters.

 

[olds]

Not going to buy a new truck right now as we are house hunting and don't want credit check dings or other issues. Just going to pay cash and only looking for a truck to make hardware store, dump runs, things like that.

 

[Red Squirrel]

Even bush land market is crazy. 40+ acre plots in unorganized townships don't last a day on the market. Lakefront land either.

And yeah cars in general seem to be going up in price, new and used. When I bought my 2009 F-150 a few years ago I paid around 14k for it. Hard to find 8 foot box trucks now days too so paid a bit of a premium for that. I was looking at the new F150 lightning since all the ads I see say it starts at around 50k but that must be in USD since it's more like 70k on the Ford site. I would kind of consider buying new if it's a full electric, but not at that price. That's nearly half my house.

 

[dullard]

Not going to buy a new truck right now as we are house hunting and don't want credit check dings or other issues. Just going to pay cash and only looking for a truck to make hardware store, dump runs, things like that.

That is what truck rentals are for. Many hardware stores rent them. I've even had some throw in the rental for free if you buy something big at the store (your mileage may vary). And if not, the rental cost is still far cheaper than the cost of owning a truck.

 

[olds]

That is what truck rentals are for. Many hardware stores rent them. I've even had some throw in the rental for free if you buy something big at the store (your mileage may vary). And if not, the rental cost is still far cheaper than the cost of owning a truck.

I've done that. Once. It was a PITB. I'd rather over pay for the convenience. Plus, there's the added benefit of adding to global warming.

 

[LikeLinus]

My 2010 Tacoma is still worth ~$17K, paid $24K.

Wow, I thought you were joking. I just checked my car and it's used value is between $2k-$5 less from what I paid for it in 2018.

Plus, our house is now worth more than double what we paid for it, but this was going on before COVID and is due to the Nashville housing market being insane.

 

[nakedfrog]

That got me to look up my car too, bought it used last year, and the trade-in value is more than I currently owe on it
Private party per KBB is like $3-4k more.

 

[highland145]

Wow, I thought you were joking. I just checked my car and it's used value is between $2k-$5 less from what I paid for it in 2018.

Plus, our house is now worth more than double what we paid for it, but this was going on before COVID and is due to the Nashville housing market being insane.

No joke that it would cost me $35K for a new one too. I'll hit 100K miles shortly and expect 250K+ so this could be the last truck I ever buy.

Our house is about 4x but we bought in 96 and added 500sqft. The 1st townhouse has gone up ~30% in 2.5 years. The 2nd, 20% since last April.


Where are all of these peeps fleeing from? There are zero rentals in our area.

 

[s0me0nesmind1]

I don't get the massive hard-on people have for trucks.

SUVs - yeah, I get it - people want their family to be comfortable and be able to store a good number of bags if you have a family of 4 or whatever.

Trucks though? Cost as much as a house and the majority that buy them rarely if ever use the bed of the truck - to the point where paying $150 in delivery fees everytime you would have used it would have easily paid for itself.


towing? Yeah, makes sense. So does a job or profession that constantly requires moving things or storing large items.

 

[highland145]

I don't get the massive hard-on people have for trucks.

SUVs - yeah, I get it - people want their family to be comfortable and be able to store a good number of bags if you have a family of 4 or whatever.

Trucks though? Cost as much as a house and the majority that buy them rarely if ever use the bed of the truck - to the point where paying $150 in delivery fees everytime you would have used it would have easily paid for itself.


towing? Yeah, makes sense. So does a job or profession that constantly requires moving things or storing large items.

When I need it, I don't have to go borrow one. Maybe once a month but borrowing is a PITA like olds said. And $35K isn't much of a house. Granted that's probably on the lower end for trucks. They do hold their value well.

 

[dullard]

Trucks though? Cost as much as a house and the majority that buy them rarely if ever use the bed of the truck - to the point where paying $150 in delivery fees everytime you would have used it would have easily paid for itself.

That is what I was getting at. Pay for delivery if you want convenience, pay to rent if occasional use. Both are far cheaper methods than owning a truck.

But, you can't argue logic into an emotional decision. Where I live, people love trucks and are afraid to drive anything else.

Vans drive better and haul more in many cases than a truck. But vans have the opposite emotional effect. People despise them despite the van logically being a better vehicle for most truck drivers.

 

[deadlyapp]

I don't get the massive hard-on people have for trucks.

SUVs - yeah, I get it - people want their family to be comfortable and be able to store a good number of bags if you have a family of 4 or whatever.

Trucks though? Cost as much as a house and the majority that buy them rarely if ever use the bed of the truck - to the point where paying $150 in delivery fees everytime you would have used it would have easily paid for itself.


towing? Yeah, makes sense. So does a job or profession that constantly requires moving things or storing large items.

I felt the same way for a while. My first vehicle out of college was a ford ranger, but I ended up not using the bed as much as I thought I would, so I sold it and got a ford explorer. Used the hell out of that and the cargo space was great, but I always felt bad putting any type of load inside of it and often ended up renting a trailer or a truck, but the convenience just wasn't there. New truck is an F150 so I have the interior space and the bed and I've used it more than I could have imagined that I wouldn't have wanted to use an SUV for (like putting trash bags in back, etc).

And just to point out, the cost of a truck is very close to a large SUV when comparing options. Maybe about 5k more. I think I paid around 40-42 for my truck and my wife's grand cherokee was around 37 or so with options.

 

[BoomerD]

When I need it, I don't have to go borrow one. Maybe once a month but borrowing is a PITA like olds said. And $35K isn't much of a house. Granted that's probably on the lower end for trucks. They do hold their value well.

My 2018 F150 XLT was just a skosh over $35k after negotiating and rebates. The 2019 Lariat with all the bells and whistles...including the technology package and panoramic moon roof...double that before negotiating. No rebates...0% interest was worth more than twice the assorted rebates.

 

[highland145]

My 2018 F150 XLT was just a skosh over $35k after negotiating and rebates. The 2019 Lariat with all the bells and whistles...including the technology package and panoramic moon roof...double that before negotiating. No rebates...0% interest was worth more than twice the assorted rebates.

$70K....for a ford?




That's only $5K less than we paid for the house but that was 25 years ago.