Now is the time to buy and SUV!

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Army Hummer

There are cycles in life and in the economy. The masses are driven by fear--they believe what they read on the Internet and take it as TRUTH. They believe what they read in the newspaper--with journalistic license as the order of the day--reporters "report facts" with much subjectivity--their facts can be shaded a bit, don't have to be absolutely TRUE--just so they sound good to itching ears.

The same goes for the real estate market.We hear reports of the housing market getting badder and badder--and they are going to get worse and worse.

People ask, should I buy or wait? Timing any market and trying to pick a bottom is not easy. Anything can happen. Believing that GAS PRICES will be this high or higher--forever,means that there are NO CYCLES, NO HOPE--only UP for what's BAD and DOWN for what's good.

Follow the crowd and it can cost you. So, your gonna trade that SUV in for a GREEN car--it's a good idea to do the math: The cost to recoup what you'd save in gas could wind up being a LONG pay back period-- plus, you'll not get very much for your vehicle.

The pain is temporary. Suck it up.

Gas prices are coming down--maybe it's temporary.Who knows.  But wouldn't it be nice to I will have a nice roomy SUV  and to ride buyers around in through the mud, sleet and snow of South Carolina. (joke)

It's also time to buy a NICE roomy home--a bigger and better one that you can get at a great price, NOW!

Do the exact opposite of what the masses do--it's more fun and can be very profitable--Shop for your SUV in August...when dealers get their new cars--and will have lots of used and left over SUVs  

Posted by

John March


Comments (4)

Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

John, I think you're right - especially about houses and the stock market. I'm not 100% on where gas is going to land because of the political landscape, but I'm not selling my SUV, that's for sure and maybe I will think twice about investing in another one. Do they still have that write-off for vehicles over a certain weight? I think I've passed the number of years and could do it again.

Thanks for the post. Buy houses and also, buy stocks!

Aug 06, 2008 11:41 AM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

I am still going to stay away from an SUV.  Don't need it.  Get the roomy home though!

Aug 06, 2008 11:45 AM
George Wilson
Raleigh Cary Realty - Raleigh, NC
Raleigh Cary Realty 919 439 0965

I always tell people that all we know is right now and who knows what the rates are going to do on top of everything.

400,000 home is a whole lot more at 9% than 6.5%.

I do not think both rates and home prices are going to lower do you?

Then again, I try not to guess that.

Aug 06, 2008 11:46 AM
Richard Mielke
RE/MAX Results - Gettysburg, PA
REALTOR, Gettysburg Pennsylvania Real Estate

I bought a Prius in 2006 as a replacement for my Ford Explorer. It was less money than buying a new Explorer. I am getting 42 mpg vs 13 in the Explorer (there are mountains here and I have a lead foot). For long distance trips I get around 50 mpg. My clients love my car and I love the savings every time I fill up.

Aug 06, 2008 01:18 PM