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Personally I would wait. The economic outlook is a bit grim right now, markets are falling, house prices are dropping and there is a record amount of personal debt. A lot of very low interest mortgages are coming up for renewal and I would think that most markets will soften/ Already happening in the classic car very high end markets. My sense is that we will see a drop.
Ronan - agreed 100% on the outlook statement. The only counter argument I would make for buying now vs later is the uncertainty of our expiration dates. I know we all have similar stories but just this past weekend a guy I know died of a cardiac arrest while out for his Sunday run (64 years old, no known medical conditions etc.). That being said there are others that smoke a pack a day, drink like a fish and live until 95. While waiting for prices to drop certainly makes financial sense it's really hard to turn back the clock.
Agreed, I'm going to hold off for now as I need funds for other purchases. Possible more rate hikes and with what's going on around the world, I'm just going to hold off.
09-29-2023, 09:26 AM
