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1
stfu
2022 May 4, 5:42am
ohomen171 says
Fintech to the rescue !
https://accept.inc/?source=patrick.net
They are "all cash" purchases. Some people have "pockets full of money!"
Fintech to the rescue !
https://accept.inc/?source=patrick.net
2
WookieMan
2022 May 4, 6:29am
WookieMan
2022 May 4, 6:29am
ohomen171 says
One "reader" that happened to be an "agent" had a client under contract, full cash on a property. That means people are flush with cash? And wouldn't stockpiled Teslas be a negative? They're all financed anyway for the most part. That means they're NOT selling.
One of your worst takes ohomen. I thrive in anecdotal evidence and personal experience to make decisions, but this literally makes no sense. One person you don't know and a car manufacturer with cars piled up means people have cash to throw around? 50% of the fucking country has no savings and relies on our government to survive in some way.
One of our readers was the agent on this sale. No official figures or information is available as the transaction has not gone through close of escrow yet.
One "reader" that happened to be an "agent" had a client under contract, full cash on a property. That means people are flush with cash? And wouldn't stockpiled Teslas be a negative? They're all financed anyway for the most part. That means they're NOT selling.
One of your worst takes ohomen. I thrive in anecdotal evidence and personal experience to make decisions, but this literally makes no sense. One person you don't know and a car manufacturer with cars piled up means people have cash to throw around? 50% of the fucking country has no savings and relies on our government to survive in some way.
3
GNL
2022 May 4, 6:53am
GNL
2022 May 4, 6:53am
Wookie, he said Teslas don't get delivered until they've already been bought.
Don't know if that's true or not though.
Don't know if that's true or not though.
5
WookieMan
2022 May 4, 7:07am
WookieMan
2022 May 4, 7:07am
WineHorror1 says
Then why weren't they delivered I guess? Fine, let's say they've been bought. Why are they sitting there and not in the customers hands?
We can see it now. There are no cars in your local Toyota deanship. Literally almost none. My good friend works for Toyota (not dealer). The supply chain is f'd up. If there are Teslas sitting there, that's surplus. 100%. They're not selling. I think Musk is nearing market saturation with Tesla. My mom recently purchased one of TWO Rav-4 Hybrid/EV's in the entire state of IL. We're talking 2 cars out of 11M people.
I highly doubt those Teslas are just sitting there waiting to be delivered. I like anecdotal evidence, but it can swing to the extreme if you don't have the right perspective. You don't want inventory sitting there sold or not. That costs money.
Wookie, he said Teslas don't get delivered until they've already been bought.
Don't know if that's true or not though.
Then why weren't they delivered I guess? Fine, let's say they've been bought. Why are they sitting there and not in the customers hands?
We can see it now. There are no cars in your local Toyota deanship. Literally almost none. My good friend works for Toyota (not dealer). The supply chain is f'd up. If there are Teslas sitting there, that's surplus. 100%. They're not selling. I think Musk is nearing market saturation with Tesla. My mom recently purchased one of TWO Rav-4 Hybrid/EV's in the entire state of IL. We're talking 2 cars out of 11M people.
I highly doubt those Teslas are just sitting there waiting to be delivered. I like anecdotal evidence, but it can swing to the extreme if you don't have the right perspective. You don't want inventory sitting there sold or not. That costs money.
6
clambo
2022 May 4, 7:23am
$1.8 million plus eternal property taxes to freeze your ass off in Pacifica? No thank you.
Teslas are around, I see them here and there where the people who have money live.
Elsewhere they are rare to find, and may always be.
California is a popular place for foreigners who have bucks to buy houses.
Vancouver Canada too, so much so that Canada stopped sales to foreigners for the time being.
Evidently there are lots of (crooked?) Chinese who want to protect their assets from the CCP.
I wanted a Chevy Bolt but I think they have a problem lately? I’m not sure what it’s about.
Teslas are around, I see them here and there where the people who have money live.
Elsewhere they are rare to find, and may always be.
California is a popular place for foreigners who have bucks to buy houses.
Vancouver Canada too, so much so that Canada stopped sales to foreigners for the time being.
Evidently there are lots of (crooked?) Chinese who want to protect their assets from the CCP.
I wanted a Chevy Bolt but I think they have a problem lately? I’m not sure what it’s about.
7
B.A.C.A.H.
2022 May 4, 8:38am
B.A.C.A.H.
2022 May 4, 8:38am
ohomen171 says
I seldom read a post from this guy because he doesn't add to the discussion. Reminds me of Mike Myers' character Linda Goldman. When Linda felt what she called a Verkelmpt coming on she'd make up some esoteric topic then say, "discuss".
But his title caught my eye.
So much to unpack here.
A Tesla "cash" purchase could very well have the "cash" financed. Like a Home Equity Loan. (Remember Bay Area boasting about the newfound equity in his recent purchase?). I know a Proud Tesla Owner who paid "cash" doing just that. Or a margin loan.
Clambo is from our region. He gets it. The Rich Kids of New Money Rich in Greater (includes Taiwan, Singapore, Malaysia) China, and Old Money Rich in India.
American Work Ethic Sensibilities don't apply here. It is different here, - an overseas colony of India and Greater China. Patrick figured this out when he started his blog site over a decade ago.
a car does not hit the Tesla distribution center unless it has a buyer.WookieMan says
One "reader" that happened to be an "agent" had a client under contract, full cash on a property. That means people are flush with cash?WookieMan says
Fine, let's say they've been bought.clambo says
California is a popular place for foreigners who have bucks to buy houses.
I seldom read a post from this guy because he doesn't add to the discussion. Reminds me of Mike Myers' character Linda Goldman. When Linda felt what she called a Verkelmpt coming on she'd make up some esoteric topic then say, "discuss".
But his title caught my eye.
So much to unpack here.
A Tesla "cash" purchase could very well have the "cash" financed. Like a Home Equity Loan. (Remember Bay Area boasting about the newfound equity in his recent purchase?). I know a Proud Tesla Owner who paid "cash" doing just that. Or a margin loan.
Clambo is from our region. He gets it. The Rich Kids of New Money Rich in Greater (includes Taiwan, Singapore, Malaysia) China, and Old Money Rich in India.
American Work Ethic Sensibilities don't apply here. It is different here, - an overseas colony of India and Greater China. Patrick figured this out when he started his blog site over a decade ago.
9
Tenpoundbass
2022 May 6, 6:59am
Tenpoundbass
2022 May 6, 6:59am
So when I need to look at Real Estate prices, my go to place is Redfin, they always have fast warm and friendly service.
You know my wife just the other day was saying "You should check out the value of our home, but who can you trust to provide fast accurate information?"
I told her not to worry I have it all sorted out. Redfin they have been in business for over 15 years. Mention promo code Elena and get 10% off!
There I fixed it for you!
You know my wife just the other day was saying "You should check out the value of our home, but who can you trust to provide fast accurate information?"
I told her not to worry I have it all sorted out. Redfin they have been in business for over 15 years. Mention promo code Elena and get 10% off!
There I fixed it for you!
This means to me that despite the higher prices and continuing skepticism about electric cars among car buyers, a lot more people are buying Teslas. This surprises me. There is a lot of money out there!
Further proof came from a recent house sale on Beach Blvd here in Pacifica. One of our readers was the agent on this sale. No official figures or information is available as the transaction has not gone through close of escrow yet. Redfin.com is my "go-to" source of information on real estate values and sales. They estimate a sale price between $1,600,000 to over $1,800,000! Most amazing is these sales do not require financing. They are "all cash" purchases. Some people have "pockets full of money!"