lots of money out there

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    lots of money out there

    i watch auctions every day, everything from farm equipment to cars to real estate. i was hoping to pick some stuff up with the down turn in the economy, buy fawk everything is going higher than giraffe pussy. last year i decided i wanted a m16, and i paid pretty much top dollar for a mint colt. now they are 6k more. 10 year old farm tractors are higher today than when they were new if you took care of them.

    #2
    It's the new normal

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      #3
      Not sure how this phenomenon is happening but it's definitely strange.
      83, 22re,w56,ultimate duals,4:10 \31" arbs.
      hopes to grow up someday

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        #4
        It's Bizarro-land anymore, every time I think things will start to go down in price because the economy is turning sour, they go up even more. I can't make sense of it. I know there's a ton of money out there, but...where? People are obviously buying, but where is all their money coming from? I've concluded that I'm either just really cheap or doing it all wrong. Probably a bit of both, haaa

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          #5
          Sounds like you should be selling right now, not buying. Amass the cash, wait for the inevitable garage sale in the near future.


          Seriously, the .gov just handed out spending cash to every citizen to "stimulate" the economy. This is a good example of how injecting cash into an economy causes inflation.

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            #6
            Your not kidding........ Wife and I just tried to buy a house. Put an offer in $5k over asking and ended up being the first loser. We were then told we would be 2nd in line if the buyer backs out. Got a call yesterday saying I'm no longer 2nd in line because the seller got a better cash offer.

            Its ridiculous!

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              #7
              Originally posted by clodhopper View Post
              Sounds like you should be selling right now, not buying. Amass the cash, wait for the inevitable garage sale in the near future.


              Seriously, the .gov just handed out spending cash to every citizen to "stimulate" the economy. This is a good example of how injecting cash into an economy causes inflation.
              I see signs the stimulus has been spent. After the checks hit the streets the local polaris dealer was wiped out and of inventory and you couldn’t find a computer in town. If jobs don’t recover soon, it’s going to start getting tough in another month or so.

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                #8
                Inflation is coming. A resturant that can only serve 50% of it's previous normal will have to raise it's prices to stay alive. Trucking companies are adding all kids of bullshit fees, like remote deliveries (Lake Havasu City that is 10 miles off the I40 for example). Ammo has gone up in price while availability has gone down. Insurance companies have been giving rebates due to lower miles traveled, but that will change. Hospitals are at max capacity, so they'll have to build more facilities and pay workers more to staff them. The only upside is that your fixed expenses will cost "less", assuming your wages go up as well.
                RIP PBB

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                  #9
                  Originally posted by Clb View Post
                  Not sure how this phenomenon is happening but it's definitely strange.
                  Very simply. There are a lot of fisically conservative people who don't get surveyed and don't store money in banks. The statistics don't seem to acknowledge their saving habits. They have liquid cash and assets that give them credit lines with bankers who know them on a first name basis.

                  Interest rates are at all time lows while inflation looms in the horizon.
                  Last edited by Action Fab; 06-12-2020, 10:25 AM.

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                    #10
                    Originally posted by SLOWPOKE693 View Post
                    Your not kidding........ Wife and I just tried to buy a house. Put an offer in $5k over asking and ended up being the first loser. We were then told we would be 2nd in line if the buyer backs out. Got a call yesterday saying I'm no longer 2nd in line because the seller got a better cash offer.

                    Its ridiculous!
                    Fucked up right. Mine was $5k over, and the best offer, they still went with a lower cash offer. My agent was mind fucked, said they have never seen anything like what is going on now. I found another one, and have already prepared myself that it is most likely going to be the same deal.

                    Hell maybe I should list my backhoe, for the right price I would sell it and pocket a bunch of $$$$

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                      #11
                      Originally posted by Action Fab View Post

                      Very simply. There are a lot of physically conservative people who don't get surveyed and don't store money in banks. The statistics don't seem to acknowledge their saving habits. They have liquid cash and assets that give them credit lines with bankers who know them on a first name basis.

                      Interest rates are at all time lows while inflation looms in the horizon.
                      do you mean "fiscally"? physically conservative = fat, i think

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                        #12
                        Originally posted by Clb View Post
                        Not sure how this phenomenon is happening but it's definitely strange.
                        I don't understand how nobody gets that there are no deals yet.

                        You are so hungry to profit off the misfortune of others you don't stop to realize that the government has pumped so much money in the economy companies or individuals aren't hurting.

                        Calm down you will get your chance to be a fucking carpetbagger.

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                          #13
                          Originally posted by Roc Doc View Post
                          Hospitals are at max capacity, so they'll have to build more facilities and pay workers more to staff them.
                          Absolutely not the case here. I've had to go to appointments at our largest, only Level 1 Trauma Center hospital in the area, and I don't see it. Parking has never been easier. Hardly anyone walking the halls. Even the Naval hospital is pretty much empty.

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                            #14
                            Originally posted by rugger View Post

                            do you mean "fiscally"? physically conservative = fat, i think
                            I do

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                              #15
                              Originally posted by grumpy356 View Post

                              I don't understand how nobody gets that there are no deals yet.

                              You are so hungry to profit off the misfortune of others you don't stop to realize that the government has pumped so much money in the economy companies or individuals aren't hurting.

                              Calm down you will get your chance to be a fucking carpetbagger.

                              Carpetbagger? Are you kidding me? Gunracer1 is doing is civil duty of holding cash on hand simply to aid a distressed fellow citizen out of a tough spot by purchasing excess assets, helping a fellow become liquid again and able to once more move forward in life. This is a highly regarded social responsibility that too few people really understand anymore. How else would that same misfortunate soul find a way to turn his life around at a point of great upheaval? I say raise a glass to Gunracer1 for keeping a lost art alive and bailing out people in need!

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