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PaperclipPerfector  1yr ago (text post)   25227 thread views

Culture War Roundup for the week of October 30, 2023

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It is almost literally impossible these days to find a vehicle with <100k miles for <$10k

I would hardly deny that buying cars is more expensive now that several years ago, but the increase has been nothing like on the scale you're implying. Again, numbers are your friend. Since Biden took office average used car prices have gone up somewhere around 25%. That's bad, not even close to the over 2x increase you are suggesting.

And if you to any online second hand car website you can find stacks upon stacks of car with under 100k miles for well under 10k.

Edit: wrong link, correct one here https://fred.stlouisfed.org/series/CUSR0000SETA02

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