I am seeing many car dealers simply going out of business. They didn't drop their prices, no going out of business sales, nothing. They just close up shop and leave an empty lot.
I have seen that with a lot of businesses, not just the car dealers. Like you, I am seeing no price-slashing anywhere. I shop at a place one week, and when I pass by there the next week, the store has a For Lease sign in the window. Funny, the shelves were full the week before, and I paid full price for my items.
As for the housing stuff, you have to look for the short-sells. I am not sure where to look for those, but if you have a realtor friend, or know someone in the mortgage/title business, they should be able to direct you.
You're probably right about looking at short sells, if I'm interested in grabbing something right away. I was thinking more in terms of an actual real estate market correction, and I'm just not seeing it yet. Other "toys", though...I'd think that all those folks who have lost their jobs and can't make the payments on boats, cars, motorcycles, snowmobiles, trailers, etc. would be trying to cut their losses at this point. Not really seeing it.
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I have seen that with a lot of businesses, not just the car dealers. Like you, I am seeing no price-slashing anywhere. I shop at a place one week, and when I pass by there the next week, the store has a For Lease sign in the window. Funny, the shelves were full the week before, and I paid full price for my items.
As for the housing stuff, you have to look for the short-sells. I am not sure where to look for those, but if you have a realtor friend, or know someone in the mortgage/title business, they should be able to direct you.
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Other "toys", though...I'd think that all those folks who have lost their jobs and can't make the payments on boats, cars, motorcycles, snowmobiles, trailers, etc. would be trying to cut their losses at this point. Not really seeing it.
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