A place to discuss all things ADM
#4276
#4277
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The price of my GT3 could drop to zero and it wouldnt impact my financial position one bit. But thanks for your concern kid.
I guess someone's got to replace "We Like The Track" as the KingTroll of this thread.
Tell us more about your RS that you lied about owning.
lol
I guess someone's got to replace "We Like The Track" as the KingTroll of this thread.
Tell us more about your RS that you lied about owning.
lol
#4278
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If buying a car disrupts your life’s financial position you’re doing it wrong
#4279
Race Car
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nima639 (01-16-2023)
#4280
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Yeah, consumer sentiment is a little better, but it's still historically low. Plus, it can change on a dime, such as concerns about job security. Layoffs are coming for more industries, spreading like a contagion from companies in tech, mortgage lending, etc. It sounds like you used to be on Wall Street - a few thousand Wall Streeters at Goldman Sachs just walked out of their offices carrying boxes, or did it figuratively from home. Or, if they survived the cuts, their bonuses are going to be significantly lower. Other Wall Street firms have either already done layoffs or will be. Big law firms are starting to do the same. I expect other industries will follow.
The difference about the potential recession later this year and prior recessions is that this one would be Fed-induced. The Fed WANTS job losses as part of its fight against inflation. The job market is still too strong for its liking, so that is why job loss is an inevitability.
Btw, it's not that I "enjoy" any particular poster's posts. Like I said, I want as many viewpoints as possible to think about in forming my own conclusions. I've factored in your posts about dealer allocations, so I'm using info that you've provided. It's all helpful. It's just that I can do without the vitriol and lack of tolerance of different viewpoints. That's this thread's downfall.
Anyways, I will go back to lurking. Thanks for hearing me out.
The difference about the potential recession later this year and prior recessions is that this one would be Fed-induced. The Fed WANTS job losses as part of its fight against inflation. The job market is still too strong for its liking, so that is why job loss is an inevitability.
Btw, it's not that I "enjoy" any particular poster's posts. Like I said, I want as many viewpoints as possible to think about in forming my own conclusions. I've factored in your posts about dealer allocations, so I'm using info that you've provided. It's all helpful. It's just that I can do without the vitriol and lack of tolerance of different viewpoints. That's this thread's downfall.
Anyways, I will go back to lurking. Thanks for hearing me out.
#4281
Race Car
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Ask "Ascend" about what it's like to LIE for 2 years about owning a 997.2 RS.
Pictures are coming any day now, right?
Hahahahahahaha!
Pictures are coming any day now, right?
Hahahahahahaha!
Last edited by Diablo Dude; 01-13-2023 at 10:04 PM.
#4282
#4283
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Diablo Dude (01-14-2023)
#4284
Race Car
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KB Homes said in their ER yesterday that their cancellation rate is 68%.
#4286
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It was me and yes you are factually incorrect. Dealers wouldn’t be able to charge high ADMs if people weren’t willing to pay them. Dealers take advantage of people who want to pay up but it takes two parties to make that deal. The fact is there is a high demand for these cars and still low supply… dealers are taking advantage of that (which you would too - it makes business sense for the most part). So yes lol all you want pal but you don’t seem to understand basic economics so yes you are factually incorrect. For the record - I don’t like ADMs and definitely don’t want to pay it but I appreciate when the market is just dictating that these cars are going for more than MSRP. I do agree though that all things are pointing to ADMs decreasing in the future but I’m not yet convinced that these will be at MSRP for most people soon but will be wrong if there is actually a severe recession / market crash.
Last edited by WCGhost; 01-14-2023 at 12:15 AM.
#4287
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LMAO this is my point, you wrote all of this to just prove my point perfectly. 15 years in M&A and advanced degrees, and I am here on Rennlist getting an economics lesson from people. None of that matters though, its comical that you would STILL respond, this response is exactly what I meant when I posted that.
#4288
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Last edited by WCGhost; 01-14-2023 at 12:45 AM.
#4290
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Removing/editing my response since the original wasn’t constructive
Last edited by av12345; 01-14-2023 at 12:58 AM.