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Once again, 90% of the people posting on ALL car forums are 25 years of age or under. I would say less than 5% of this age group actually has

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Old 07-19-2009, 05:33 PM   #1 (permalink)
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Once again, 90% of the people posting on ALL car forums are 25 years of age or under. I would say less than 5% of this age group actually has any sizable amount of money in savings, 401k, real estate, stock market, etc. etc. The one's who have 10k plus to blow on their new cars are more than likely being funded my "mommy and daddy" or are living at home working full-time jobs (pay zero for housing/food/insurance etc.).

Once this economic down turn starts to really take hold in the next 12 to 18 months there is going to be a lot of cars for sale............
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Old 07-19-2009, 05:46 PM   #2 (permalink)
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Originally Posted by Balzdeep View Post
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Once this economic down turn starts to really take hold in the next 12 to 18 months there is going to be a lot of cars for sale............
That might just not happen. Remember that 90% of the stimulus monies are currently being held back until the "bottoming out" occurs at which time the monies will be released which will in essence relieve the fallout from the "bottoming out" when it occurs.

So in essence the release of the stimulus is meant to "bypass" the extreme sickness that would naturally follow the "bottoming out".

In theory it should work however it will only be once again delaying the inevitable MAJOR market adjustment that has been looming on the horizon since the fallout of stock market during the late 80's. It will just come later on another day....but make no mistake...it will come because there is only some many "fake outs" that can be performed before the reaper has to be paid.
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