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Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:21 am
by dubshow
D Griff wrote: ↑Mon Dec 16, 2019 11:16 am
dubshow wrote: ↑Mon Dec 16, 2019 11:12 am
What cost $75000 in 2002 would cost $106433.01 in 2018
The 2019 BMW M5 has a Manufacturer's Suggested Retail Price (MSRP) of $103,695, including a destination charge of $995 and a $1,000 gas-guzzler tax.
dang! my theory is debunked time and time again on car prices vs inflation.
I still think they're overall less $$$ than they were pre recession.
Hell, NA Miatas were like $20K in 1990. That's a lot.
the miata has always been "expensive" but way UNDER price of inflation today.
I love contrasting car prices over 20 years to inflation.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:23 am
by dubshow
The 1994 model starts at $16,825
What cost $16825 in 1994 would cost $28776.01 in 2018.
The 2018 Miata's base price of $25,730
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:24 am
by D Griff
IIRC my Miata was $21,XXX MSRP in 1989, which is like $40K in today's dollars. I guess mine was pretty loaded and you can get a 30AE for $40K... but
most of them are really more like $30K now I think?
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:34 am
by max225
Personally the inflation is completely understated. In 1990 you could get a 4 year degree for 20k that’s at least 5x that today. Same goes for basic health care. They tax us way more than income adjustments
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:38 am
by dubshow
D Griff wrote: ↑Mon Dec 16, 2019 11:24 am
IIRC my Miata was $21,XXX MSRP in 1989, which is like $40K in today's dollars. I guess mine was pretty loaded and you can get a 30AE for $40K... but
most of them are really more like $30K now I think?
I stick to base models as some of the rare models really throw the pricing off.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:38 am
by max225
[user not found] wrote: ↑Mon Dec 16, 2019 11:35 am
dubshow wrote: ↑Mon Dec 16, 2019 11:21 am
the miata has always been "expensive" but way UNDER price of inflation today.
I love contrasting car prices over 20 years to inflation.
The bigger problem is, most people aren't earning more for a given task/job.
Wage stagnation is real.
We’re roughly flat when adjusted for inflation. Not to worry the boomer generation is about to croak and shower the millennials with the gifts of estate. And all will be well again.
Unless of course your parents are poor.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:41 am
by D Griff
[user not found] wrote: ↑Mon Dec 16, 2019 11:36 am
D Griff wrote: ↑Mon Dec 16, 2019 11:24 am
IIRC my Miata was $21,XXX MSRP in 1989, which is like $40K in today's dollars. I guess mine was pretty loaded and you can get a 30AE for $40K... but
most of them are really more like $30K now I think?
30AE soft top manual is $36k. You'd have to go RF automatic to hit $40k.
But you can get a base MX-5 with a
for about $26k and install a LSD and your own suspension for far less. That's what I'd do.
Makes sense, $32K all in for something that would be better. Honestly, it's a lot of car for $30K IMO.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 11:50 am
by CaleDeRoo
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 12:57 pm
by max225
Every
ever
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 1:04 pm
by max225
[user not found] wrote: ↑Mon Dec 16, 2019 1:02 pm
max225 wrote: ↑Mon Dec 16, 2019 11:38 am
We’re roughly flat when adjusted for inflation. Not to worry the boomer generation is about to croak and shower the millennials with the gifts of estate. And all will be well again.
Unless of course your parents are poor.
Parents are poor, I'll end up taking care of them eventually.
At this point, all I've got to hope for is that I end up with my grandparents' property.
Same, but there are many millions boomers inheriting their parents stuff, pretty epic. So the fact that that generation had an epic "cheap" time growing up will eventually get transferred to their kids and grand kids . So yea it is what it is.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 1:14 pm
by max225
[user not found] wrote: ↑Mon Dec 16, 2019 1:10 pm
max225 wrote: ↑Mon Dec 16, 2019 1:04 pm
Same, but there are many millions boomers inheriting their parents stuff, pretty epic. So the fact that that generation had an epic "cheap" time growing up will eventually get transferred to their kids and grand kids . So yea it is what it is.
Grandparents bought their 5 acre property for $60k 50 years ago.
It's now worth ~$500k.
I'll never see gains like that.
Through pure inflation you will.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 1:24 pm
by D Griff
I think you will see those gainz, more people in the country = real estate will continue to rise.
Also $50K 50 years ago = $350K today so the gainz actually weren't all that great.
My parents will likely be flat broke by the end and I'll probably be giving them money before it's all over, AZN style. Then, any inheritance would probably be the
divided by four... which I think they have 25+ years of mortgage left on.
I'm a lot richer than my parents though, so
really, I hope they enjoy their older age. I'd be fine with giving everything they end up with to my older half brother and sister as they had it a lot harder in life than I have.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 2:28 pm
by max225
So FCA is merging with Peugeot.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 2:39 pm
by CaleDeRoo
Hemi powered Pugd
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 2:42 pm
by Desertbreh
CaleDeRoo wrote: ↑Mon Dec 16, 2019 2:39 pm
Hemi powered Pugd
YAS. French Hemi.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 2:59 pm
by Swedish Chef
CaleDeRoo wrote: ↑Mon Dec 16, 2019 2:39 pm
Hemi powered Pugd
0.9 Turdbo Ram
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 3:49 pm
by Huckleberry
D Griff wrote: ↑Mon Dec 16, 2019 1:24 pm
I think you will see those gainz, more people in the country = real estate will continue to rise.
Also $50K 50 years ago = $350K today so the gainz actually weren't all that great.
My parents will likely be flat broke by the end and I'll probably be giving them money before it's all over, AZN style. Then, any inheritance would probably be the
divided by four... which I think they have 25+ years of mortgage left on.
I'm a lot richer than my parents though, so
really, I hope they enjoy their older age. I'd be fine with giving everything they end up with to my older half brother and sister as they had it a lot harder in life than I have.
$150K is a pretty good gain in value.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 3:53 pm
by Apex
Huckleberry wrote: ↑Mon Dec 16, 2019 3:49 pm
D Griff wrote: ↑Mon Dec 16, 2019 1:24 pm
I think you will see those gainz, more people in the country = real estate will continue to rise.
Also $50K 50 years ago = $350K today so the gainz actually weren't all that great.
My parents will likely be flat broke by the end and I'll probably be giving them money before it's all over, AZN style. Then, any inheritance would probably be the
divided by four... which I think they have 25+ years of mortgage left on.
I'm a lot richer than my parents though, so
really, I hope they enjoy their older age. I'd be fine with giving everything they end up with to my older half brother and sister as they had it a lot harder in life than I have.
$150K is a pretty good gain in value.
$3,000 a year.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 4:04 pm
by D Griff
Huckleberry wrote: ↑Mon Dec 16, 2019 3:49 pm
D Griff wrote: ↑Mon Dec 16, 2019 1:24 pm
I think you will see those gainz, more people in the country = real estate will continue to rise.
Also $50K 50 years ago = $350K today so the gainz actually weren't all that great.
My parents will likely be flat broke by the end and I'll probably be giving them money before it's all over, AZN style. Then, any inheritance would probably be the
divided by four... which I think they have 25+ years of mortgage left on.
I'm a lot richer than my parents though, so
really, I hope they enjoy their older age. I'd be fine with giving everything they end up with to my older half brother and sister as they had it a lot harder in life than I have.
$150K is a pretty good gain in value.
Over 50 years? Not really.
Look up what the market has done in that time.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 5:19 pm
by Johnny_P
My rental is a giant brand new Chrysler Pacifica minivan.
Dis a big bitch. Comically large. I don't like the heated steering wheel. Brakes are horrific.
Should be a good highway cruiser. We'll find out tomorrow.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 5:20 pm
by max225
Johnny_P wrote: ↑Mon Dec 16, 2019 5:19 pm
My rental is a giant brand new Chrysler Pacifica minivan.
Dis a big bitch. Comically large. I don't like the heated steering wheel. Brakes are horrific.
Should be a good highway cruiser. We'll find out tomorrow.
are you moving 4+ people around in that thing?
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 5:23 pm
by Johnny_P
max225 wrote: ↑Mon Dec 16, 2019 5:20 pm
Johnny_P wrote: ↑Mon Dec 16, 2019 5:19 pm
My rental is a giant brand new Chrysler Pacifica minivan.
Dis a big bitch. Comically large. I don't like the heated steering wheel. Brakes are horrific.
Should be a good highway cruiser. We'll find out tomorrow.
are you moving 4+ people around in that thing?
"all they had"
Despite a Hyundai Tucson, Nissan Altima, and a Sentra in the lot. Oh well. They said to come back tomorrow and change it out for something more manageable. So I only get to live the Guadelupe lyfe for 1 day.
Car supposedly will be done Friday. TBD.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 5:26 pm
by max225
Johnny_P wrote: ↑Mon Dec 16, 2019 5:23 pm
max225 wrote: ↑Mon Dec 16, 2019 5:20 pm
are you moving 4+ people around in that thing?
"all they had"
Despite a Hyundai Tucson, Nissan Altima, and a Sentra in the lot. Oh well. They said to come back tomorrow and change it out for something more manageable. So I only get to live the Guadelupe lyfe for 1 day.
Car supposedly will be done Friday. TBD.
Might as well rough it out...
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 6:58 pm
by Huckleberry
D Griff wrote: ↑Mon Dec 16, 2019 4:04 pm
Huckleberry wrote: ↑Mon Dec 16, 2019 3:49 pm
$150K is a pretty good gain in value.
Over 50 years? Not really.
Look up what the market has done in that time.
Bought for $50K. Worth $500K. Inflation break-even is at $350K.
$150K overtop of keeping up with inflation on a property that can be lived on? Yeah, that's a pretty good gain.
Car Talk 4: Soggy Doors and Sliding Waffles
Posted: Mon Dec 16, 2019 7:03 pm
by D Griff
Huckleberry wrote: ↑Mon Dec 16, 2019 6:58 pm
D Griff wrote: ↑Mon Dec 16, 2019 4:04 pm
Over 50 years? Not really.
Look up what the market has done in that time.
Bought for $50K. Worth $500K. Inflation break-even is at $350K.
$150K overtop of keeping up with inflation on a property that can be lived on? Yeah, that's a pretty good gain.
True, the ability to live in/rent is a game changer on the investment for sure. That makes it harder to gauge how much the market actually outperforms real estate.
