Re: Gas Guzzler SUVs & Pickups will continue to sell
I don't know about where you are, but, in a lot of areas, don't bet
that those people can afford those homes and toys. Many are so over
invested that if the housing market has a good correction, they're
going down hard.
The latest reports out of Japan, Detroit, etc, says the manufacturers
are already downsizing SUVs because the rising gas prices will kill
sales. Yeah, the Hollywood crowd will still be outrageous, but rental
agencies indicate an increase in people who own those roadmonsters,
renting for their weekend getaways.
On Tue, 09 Aug 2005 23:04:34 GMT, "vince" <vmark(nospam)firstname.lastname@example.org>
>I agree. Where I live new one-bedroom condos are selling for $350K and
>decent homes are $900K.
>So, what does an extra $10 per fill-up really mean when you can afford house
>prices like this.
>"Al Bundy" <MSfortune@mcpmail.com> wrote in message
>> Where I live they care little about the price of gas. Starter homes are
>> a bargain in the mid 350's. The kids are riding around on electric
>> scooters and mini versions of hummers. My timing was just very bad. I
>> should have been born much sooner or much later.
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