INSANE DEALS ON CARS HAPPENING NOW! CAR MARKET CRASH!

The price of used cars are coming down so fast that it's actually bringing down the CPI headline inflation numbers, which is actually good news until you realize that a lot of people are actually losing their cars right now and this is contributing to how much inventory is hitting the used car market.

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[CHMichael]

A house dropping 20% after it doubled in price isn't a crash and a $90k pickup truck going for $75 still isn't a good deal.

[darenfitzpatrick]

Don't listen to the haters. You are a truth teller and we are deficient in those right now. Keep doing what you're doing.

[s]

The price of vehicles is too damn high!
Vehicle insurance too.

[gailaustin]

Ignore the haters Michael. You didn’t make the news bad. You’re simply reporting the bad news.

[karengrice]

I don’t consider your content to be negative. Unfortunately, these economic problems are never discussed on mainstream news and it’s important to know. Thanks for always sharing a realistic perspective on our economy so we truly know what is going on! ❤

[John-voiv]

I love negative news, I am a realistic person and keeps me on my toes. My spouse says I am negative, I am not, I just observe and see the reality. It keeps me prepared and financially wise.

[jeffferguson]

The crazy thing is these cars are gonna rot before they come back down to normal prices🤦‍♂️

[SC-orek]

Car price going down but
My car registration tag going up and auto insurance going up 25%.😢

[TrutherOne-xvnryje]

I bought a brand new Olds Cutless 442 with a 350 ci engine for $5, 200. out the door .... in 1977. Inflation really sucks. End the FED.

[RomanVarl]

The bad news - the new cars aren't selling. At all 😆

[kostyantynolenyuk]

Respect for Michael! Common sense content that viewers should appreciate !

[andrewgleason]

I have a 1999 Volvo S80, paid 36000 new in 1999, still runs perfect, keep your older car running, insurance is cheaper 👍 Volvo, best car ever built....and the best safety record ❤❤ Volvo penta ....🇸🇪🇸🇪🇸🇪🇸🇪🇸🇪

[edmundj]

To those who doesn't want to listen to what Michael is saying bout the economy, i.e. housing market, I'm so glad he's here. BBecause of his channel and others like his, I was not carried away into buying a house - FOMO was the buzz word last year, and now people a stressed out. The 3/1.5 house I'm renting here IN Cali is saving me a lot of $$. My landlord is very chill.

[chp]

Thank You Michael for everything you do!❤ These folks that find fault or think information is negative have their heads in the sand! People need to wake up! Stay out of the heat!

[DrawnInk]

As a Brit I find your uploads a real window as to what’s going on in America. Thank you and keep them coming. We’re in the shit too.

[HamadAlMutairi]

Yes! Here in Kuwait, car companies are selling new ones with no interest, no downpayment, buy now and start one year later offers.

[CodeLaw-xtku]

My buddy ships new vehicles all up and down the mid east of the United States.

9 days of no work. Finally he got a call from dispatch for a load.

He said that it felt like the days of covid.

[deafmute]

Nah this isn't bad news, this is very informative. Thank you!

[queen.mama.slots.]

Thank You for telling the truth! Let those trolls continue to put their heads in the sand. ❤

[adamgraham]

I never thought i would, but from Australia, being a financial planner, i listen to your videos every day. Never thought id find someone who actually knows what they are talking about, and i don't put that lightly. 99% of youtubers on this subjects are so uneducated on what they are trying to talk about. keep it up, we are listening.