The buuble popped and it ain't coming back for a long time.


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Posted by bg on Wednesday, March 04, 2009 at 22:27:58 :

In Reply to: Opinions Needed, Power Wagon purchase posted by jinx420 on Wednesday, March 04, 2009 at 20:42:47 :

Remember the Nasdaq in 2000? 15,000 never came back yet. My opinion our economy is the same way right now and that includes these trucks. They're cool but very expensive for something you have to trailer some where or limited to where or how to drive them. Repairs aren't cheap or easy. Housing is no different. Prices aren't going to come back to the 50% that they lost, in my opinion for a long time (10+ yrs.). Buying one today and thinking your going to flip it for a profit in 2 years ain't going to happen, especially the way Obama is acting with his programs. If you want it and are willing to spend some $ do it. Look at the trucks on Ebay and this classified section they are asking a lower price and people aren't selling them like they were 1-2 yrs. ago at the higher prices.
My opinion is that we're in a bear market and we're going to muddle through this for some time and we haven't hit the bottom by a long shot. My opinion. If you like the hobby and can afford it , do it.



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