A reader (thanks, B.) sent this photo, taken near the Houston Ship Channel. We are swimming in oil and imported cars. They are running out of storage for both. So where are the bargains?
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11 comments:
I can't answere difinitively, but I assume that the day of reckoning for all of those 09's will not be until sometime after the 10's hit the docks.
Artificial reef potential.
This is the same delirium that's keeping another tsunami of houses off the market.
The "owners" are waiting for the market to "get back to normal".
Haven't you guys heard? The laws of supply and demand have been amended.
It's different this time.
This is what happens when Boomers take control of an industry. ;-p
I will say that I am seeing a lot of brand-new Chrysler products on the roads lately.
From what I can tell, there are a lot more new vehicles on the road in Houston than elsewhere. I travel a bit and there definitely is a difference. Must be the relatively better economy here.
It's all the new money being pumped into the economy by Timmy and Barry. Oil's up and car prices aren't falling off a cliff.
I just saw another new car parking lot hidden away here in Ventura County. It is tucked away in what used to be an RV sales lot.
A new Chrysler minivan is a great deal.
Fully loaded it's almost $10,000 less than the imports, and has a lifetime powertrain warranty paid for by the U.S. taxpayer.
I think GM's also going to figure that one out soon enough.
After having to open up my import vehicle for a $2,000 head gasket replacement at around 100,000 miles, domestics are back on my shopping list.
Foreign cars are expensive to keep up and that's why so many people by domestic. I wouldn't want to pay 2K for a head gasket either. At one point, american cars were easy to fix but now, they're not so easy. I'd rather have an american car anyway. And lay off the boomers, it's not their fault that their not conversant.
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