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SPF
by Turkeyneck78 - 05/13/25 05:16 PM
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76 members (HHSyelper, hallb, RidgeRanger, Treelimb, TwoRs, coosabuckhunter, ts1979flh, Livintohunt19, Tree Dweller, IMISSALDEER, joe sixpack, johnv, Bigem1958, walt4dun, Atoler, Thread Killer, BHeron35, Lvlhdd, courseup, Irishguy, hoggin, Jus_me, Stu, Bustinbeards, Brownitsdown, Bake, MTeague, bassmaster95, Coosa buck, 3Gs, Dog, kyles, BayedUp, Bread, bamaeyedoc, BamaGuitarDude, canvasback, wareagle22, Spotchaser8, Chiller, odocoileus, DuckDown11, geeb1, hippi, BigA47, Cahabariverrat, graydw1, JHH, Hunting-231, top cat, BPI, sawdust, Fishduck, 7PTSPREAD, Floorman1, Beer Belly, BigEd, BrentsFX4, Ten37, centralala, Antelope08, Tracker, HDS64, Geeb, slipperyrock, Ridgehunter36, Lung_buster, twaldrop4, RHBUCKMASTER, seminole1, Catbird, GrandSlam, Joe4majors, AWT6, 2 invisible),
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Key:
Admin,
Global Mod,
Mod
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Joined: Sep 2014
Posts: 8,494
The 46 Year Old Bowhunting Virgin
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The 46 Year Old Bowhunting Virgin
Joined: Sep 2014
Posts: 8,494 |
Y’all just hang tight. You’ll be able to get a good deal on them before too long. I don’t see people being able to pay the ridiculous sized payments on these vehicles until they’re paid off. It’ll catch up to them before they can get it paid off and they’ll be wanting to get out from under it.
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Joined: Jun 2015
Posts: 14,393
Booner
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Booner
Joined: Jun 2015
Posts: 14,393 |
Nearly 18% of new vehicle buyers have a payment of $1,000+ per month
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Joined: Sep 2014
Posts: 8,494
The 46 Year Old Bowhunting Virgin
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The 46 Year Old Bowhunting Virgin
Joined: Sep 2014
Posts: 8,494 |
Nearly 18% of new vehicle buyers have a payment of $1,000+ per month It’s insanity.
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Joined: Sep 2012
Posts: 20,181 Likes: 3
Freak of Nature
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Freak of Nature
Joined: Sep 2012
Posts: 20,181 Likes: 3 |
Multiple signals a recession is eminent. Home sales figures are on the decline, and prices are flat or falling in virtually every market. No more bidding wars on homes. I know some builders in Huntsvegas, which has been an ultra hot market, have put the brakes on spec homes and are only doing pre sales.
An old adage is that the construction market is the first to fall and last to come back in a recession.
Last edited by AU338MAG; 10/20/23 10:50 AM.
Dying ain't much of a living boy...Josey Wales
Molon Labe
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Joined: Jan 2005
Posts: 1,986
8 point
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8 point
Joined: Jan 2005
Posts: 1,986 |
Rates aren't 2% anymore, more like 8%, adds $100-$200 a month the note. I have a few vehicle notes at 2%, and I'll keep them until it's paid off.
"The future's uncertain and the end is always near"
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Joined: Feb 2007
Posts: 21,985
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,985 |
Y’all just hang tight. You’ll be able to get a good deal on them before too long. I don’t see people being able to pay the ridiculous sized payments on these vehicles until they’re paid off. It’ll catch up to them before they can get it paid off and they’ll be wanting to get out from under it. Might explain the snatch and grab business uptick
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Joined: Feb 2007
Posts: 21,985
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,985 |
Multiple signals a recession is eminent. Home sales figures are on the decline, and prices are flat or falling in virtually every market. No more bidding wars on homes. I know some builders in Huntsvegas, which has been an ultra hot market, have put the brakes on spec homes and are only doing pre sales.
An old adage is that the construction market is the first to fall and last to come back in a recession. Seeing CDs for 5-6% at Credit Unions made me really think things were turning. Sis is in real estate and her son in law is a builder. Material cost got stupid and people kept paying right up in til interest rates jumped. Then it got a little silent. Friends that have multiplex’s were building left and right because they felt home ownership was gonna be in trouble sooner than later. They slow down building when interest rates drop because home ownership is easier to achieve. The signs have been showing it’s just many don’t want it and think ignoring it will postpone the inevitable https://www.dailymail.co.uk/news/article-12653703/Convoy-shipping-trucking-Seattle-Dan-Lewis.html
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Joined: Aug 2014
Posts: 21,271
Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
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Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
Joined: Aug 2014
Posts: 21,271 |
Nearly 18% of new vehicle buyers have a payment of $1,000+ per month It’s insanity. We weren't paying $1000/month when we had two new-ish cars with payments....that's almost what we're paying for a house payment. People are basically driving around in a house payment...
Last edited by GomerPyle; 10/20/23 11:49 AM.
There are 3 certainties in an uncertain world:
1. All Politicians Are Liars
2. All Gun Laws Are an Infringement
3. Taxation Is Theft
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Joined: Jun 2014
Posts: 4,760
10 point
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10 point
Joined: Jun 2014
Posts: 4,760 |
Nearly 18% of new vehicle buyers have a payment of $1,000+ per month It’s insanity. We weren't paying $1000/month when we had two new-ish cars with payments....that's almost what we're paying for a house payment. People are basically driving around in a house payment... No, folks are riding around in a house payment from 15 yrs ago
Killing my neighbors deer since 1982
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Joined: Feb 2007
Posts: 21,985
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,985 |
A few years back base model 3/4 tons were 45ish and now 75-80ish. Fully loaded models back then were mid 90s and now a little over 100
That’s what is crazy that the lower end models shot it as much as they did in just 5-7 years
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Joined: Dec 2013
Posts: 22,939 Likes: 4
a.k.a. Dingle Johnson
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a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 22,939 Likes: 4 |
I have been waiting on this economy to crash for 3 years... and I am still waiting. 401ks are up this year, home prices still sky hight, trucks 100k, groceries out the roof, McDonalds paying $20hr. I would actually welcome a crash about now.
But not if I was still self employed, I have the safety of an employer now. Reminds me of 06-07 They’ve held it off but some of the bigger banks balance sheets don’t look good. Just read commercial properties are making another downturn. I know many of the small businesses are closing up around here and some of the ones that haven’t are crying about lack of sales and or customers. Literally came in from walking the dog and commercial about a car lot sale with $4000 off so I’m guessing some things are changing. I know one of the local used lots said prices at wholesale are falling and expects it to continue. He’s been in the business all of his life. Literally It usually takes something to blow up and I am guessing its commercial real estate. I don't think Alabama will be hit hard but I am hearing defaults are coming for all that commerical property in big cites like New York and San Fran. Maybe that's what we need. Plus more people are working from home than anytime in the modern age, decreasing the need for commercial real-estate.
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Joined: Oct 2000
Posts: 15,223
Old Mossy Horns
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Old Mossy Horns
Joined: Oct 2000
Posts: 15,223 |
Yep, but you can't buy a 20yr old beater for $15k and spend another $10-15k to "fix it up" and finance the cost over 6-8yrs like you can a payment on a new one. And that's all the general public looks at anymore....."Can we make the monthly payment?"
Yep. Got my '86 Suburban for $4K. I've got less than $20K in it now and it's basically a brand new vehicle.
"The misery of being exploited by capitalists is nothing... compared to the misery of not being exploited at all."
Joan Robinson
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Joined: Jan 2013
Posts: 3,253
10 point
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10 point
Joined: Jan 2013
Posts: 3,253 |
I am glad I paid off my 2018 z71 when I did. She has 80k on it and I plan on driving the wheels off it.
I love the rut. The woods are like a bunch of roided up meatheads fighting over a girl.
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Joined: Feb 2007
Posts: 21,985
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,985 |
I have been waiting on this economy to crash for 3 years... and I am still waiting. 401ks are up this year, home prices still sky hight, trucks 100k, groceries out the roof, McDonalds paying $20hr. I would actually welcome a crash about now.
But not if I was still self employed, I have the safety of an employer now. Reminds me of 06-07 They’ve held it off but some of the bigger banks balance sheets don’t look good. Just read commercial properties are making another downturn. I know many of the small businesses are closing up around here and some of the ones that haven’t are crying about lack of sales and or customers. Literally came in from walking the dog and commercial about a car lot sale with $4000 off so I’m guessing some things are changing. I know one of the local used lots said prices at wholesale are falling and expects it to continue. He’s been in the business all of his life. Literally It usually takes something to blow up and I am guessing its commercial real estate. I don't think Alabama will be hit hard but I am hearing defaults are coming for all that commerical property in big cites like New York and San Fran. Maybe that's what we need. Plus more people are working from home than anytime in the modern age, decreasing the need for commercial real-estate. Yup I used to ask my late sis questions since she’s dealt with redesigned board rooms etc…. of large corporations like Coca-Cola etc… Her staff went from well over a hundred to just 3
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Joined: Jul 2016
Posts: 3,925 Likes: 1
10 point
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10 point
Joined: Jul 2016
Posts: 3,925 Likes: 1 |
After reading this thread ....I love my straight from the factory 1990 GMC Sierra 1500 SLE 5.7 liter more than ever.. over 300 thousand miles on it and life time of memories to go with it.... I've never had to go into the engine block.... just reworked the heads on up...
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Joined: Nov 2011
Posts: 2,260
8 point
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8 point
Joined: Nov 2011
Posts: 2,260 |
I stopped by a local boat place and they had new Yamaha 250s stacked, I bet they had 15 in boxes. I asked why they have some many new motors, he said they have seen a huge increase in folks just keeping their old boat and buying a brand new motor. I am thinking this trend may move to the truck market... just repower it instead of buying 90k new truck.
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Joined: Aug 2014
Posts: 21,271
Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
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Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
Joined: Aug 2014
Posts: 21,271 |
I stopped by a local boat place and they had new Yamaha 250s stacked, I bet they had 15 in boxes. I asked why they have some many new motors, he said they have seen a huge increase in folks just keeping their old boat and buying a brand new motor. I am thinking this trend may move to the truck market... just repower it instead of buying 90k new truck. Yep....a brand new 4stroke outboard is, what, $25k(ish)? Even if you have to take your old hull and put $10-20k into it to make it like-new, you're still WAYYY ahead. My guess is the hardest part is simply finding someone to do the work....and that's assuming it needs serious work like structural stuff.
There are 3 certainties in an uncertain world:
1. All Politicians Are Liars
2. All Gun Laws Are an Infringement
3. Taxation Is Theft
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Joined: Jan 2011
Posts: 6,124
12 point
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12 point
Joined: Jan 2011
Posts: 6,124 |
My 2012 Frontier has 256k and I’m about to essentially replace all the suspension to keep it going. The front shocks are squeaking terribly and it’s probably a matter of time till upper/lower ball joints go out. Getting new inner/outer tie rods and sway bar end links. I’m going to refresh the rear shocks and spring bushings as well. Aside from squeaking it just rides really rough over any bumps in the road.
A new truck is just too much to pay, and used prices are absurd in my opinion. This engine has never given me trouble aside from it burns 1 quart oil every 4k miles or so. Maybe I can keep it enjoyable to drive for another 50-75k.
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Joined: Jul 2020
Posts: 766
4 point
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4 point
Joined: Jul 2020
Posts: 766 |
Nearly 18% of new vehicle buyers have a payment of $1,000+ per month yep, my wife works for a major lender.. even with the high interest rates & ridiculous auto prices they're still setting record highs each month with the average payment being north of 700/mo. People are outta their minds
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Joined: Apr 2015
Posts: 3,287
10 point
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10 point
Joined: Apr 2015
Posts: 3,287 |
Looks like my plan to drive my 2011 Tundra until it falls apart is safe.
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