Submitted by Infamous_Sympathy_91 t3_10p7ljx in wallstreetbets
MoneyForPussy t1_j6kpi01 wrote
Reply to comment by renok_archnmy in Recession concerns overtake inflation concerns by Infamous_Sympathy_91
i would say prices of new cars have mostly remained fairly flat when compared to wages though, i remember my old man paid $15k for a manual trans 2000 Honda civic ex coupe brand new (which i would definitely not consider to be a sports car even though insurance classified it that way)
i saw a 2023 nissan the other day (also 5 speed manual trans) but while it was the base model sedan, i would bet the car is at least 10 times nicer than that civic was - for only $15k as well, which would probably be about 1/3 the price of that civic when adjusted for inflation
many folks would take that over a $50k camry even if it means they have to learn to drive a stick shift. but from what i understand, many car dealers are hiking prices in order to produce less cars & manage less inventory but maintain the same bottom line, and maybe that makes sense if the shift to EV accelerates, or maybe they will fall short. anyone's guess i suppose
renok_archnmy t1_j6ktwve wrote
I was just trying to make the point that what is a luxury hood today may not be in years to come. What might be cheap basic thing today may become a luxury good tomorrow.
MoneyForPussy t1_j6kuf6a wrote
i definitely would not have foreseen n64 games selling for $500-1k that's for sure
renok_archnmy t1_j6kv4xw wrote
MTG cards, comic cards from the 80s, my wrecked gen 1 turbo 4g63 with no crank walk eclipse and manual 5 speed, so many things mooned after I sold them.
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