Huracan pricing bubble

161454 Views 3490 Replies 114 Participants Last post by topcarbon, 20 h ago

Dpk555

Discussion Starter · Apr 21, 2022

I don’t know about anyone else, but these prices are getting out of control. Evos with 5k+ mileage asking for 350k plus?? Performantes in the high 300 low 400 range? 610s approaching 300? At some point this has to relax a little. I’m just some old guy venting that when he finally has enough to purchase the cars that the asking price keeps getting higher and higher.

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RayVegas

· #61 · May 10, 2022

surfah said:
"The rain that rains on everybody else can't keep you dry."

“When they raid the whorehouse, they take the piano player too”

Reactions: 2

static_analysis

· #62 · May 10, 2022

In these tough times people who would have otherwise bought an Aventador might instead snatch up a cheaper Huracan on a budget.

Lambo2018

· #63 · May 10, 2022

RayVegas said:
https://www.yahoo.com/finance/news/housing-bubble-2-0-regional-223120949.html

Its not just the car market that will pop imo

You're just trying to make us feel good, and spreading cheer everywhere you go.

RayVegas

· #64 · May 10, 2022

Lambo2018 said:
You're just trying to make us feel good, and spreading cheer everywhere you go.

Lol…no. My biggest interests in life are women, markets and cars…in that order. So just voicing my opinion…we shall see if I’m right eventually. And if I’m wrong, I have no problem being called out for it.

Luzifer

· #65 · May 10, 2022

The most obvious thing to me is that even though the Technica has been revealed, getting one is like trying to find a unicorn. The other variants have stopped, it's back to the zero supply and a lot of demand. I now think until they come out with a new model and have lots of cars off the shelf prices are going to be very high. Some people are willing to over spend no problem, they have employees shoveling money with a snow plow into the bank account. And this is just the legit way of having money, I won't talk about the dark side.

In any case up here 2022 is a bust, summer has just started and the trend for car prices always goes up anyway to snatch those over paying buyers. We can only wait till September when car owners want to dump their cars. I think 4 months is too soon, there's too much politikill action going on, the ant's nest has been stepped on. No new cars on the horizon means guys are going to keep their car or sell it at a ridiculous price laughing at their profit. We need to wait till February to see if anything has changed but I doubt there will be any good news.

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Lambo2018

· #66 · May 10, 2022

RayVegas said:
Lol…no. My biggest interests in life are women, markets and cars…in that order. So just voicing my opinion…we shall see if I’m right eventually. And if I’m wrong, I have no problem being called out for it.

No, I think you're spot on. Both the car and housing market are due for a correction whether we like it or not.

RayVegas

· #67 · May 10, 2022

Lambo2018 said:
No, I think you're spot on. Both the car and housing market are due for a correction whether we like it or not.

Markets can stay irrational for a long time. But I think of it this way. How much of the current demand is due to the pricing situation? If instead of a 30% paper gain on any new Lamborghini order/purchase, there is a reversion to mean of historical depreciation? If every new car saw a 15-20% decline when taken off the lot, how many people would be really wanting these cars?

Luzifer

· #68 · May 10, 2022

Lambo2018 said:
No, I think you're spot on. Both the car and housing market are due for a correction whether we like it or not.

In my area that's a negative, too many immigrants coming here throwing money to get a roof because it's cheaper than the other side and it's a bidding frenzy. Take a look here at these 2 cranes it's now going skyward.

Cloud Sky Car Vehicle Atmosphere

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Lambo2018

· #69 · May 10, 2022

Luzifer said:
In my area that's a negative, too many immigrants coming here throwing money to get a roof because it's cheaper than the other side and it's a bidding frenzy. Take a look here at these 2 cranes it's now going skyward.

View attachment 313083

Well, we shall see but I am not expecting my housing gains to be long term but if it should be I won't complain.

Rcasa20

· #70 · May 10, 2022

RayVegas said:
Im not sure when the party ends, but it will end……

When one party ends…another begins!! Viva Las Vegas!!!!

Huracaan

· #71 · May 10, 2022 (Edited)

Luzifer said:
In my area that's a negative, too many immigrants coming here throwing money to get a roof because it's cheaper than the other side and it's a bidding frenzy. Take a look here at these 2 cranes it's now going skyward.

Lol @ immigrants are going to prop up the most overvalued RE market in the world. How many immigrants are coming to Canada who have access to a million dollars to buy a property? Most if not all are low wage workers who can barely afford to pay the rent. It's just a BS narrative the RE industry wants people to believe.

Plain and simple Canadian's borrowed cheap money since the panadmic started, poured it into RE and now the bubble is about to the burst.

And here's a snippet from an article from BMO talking about this vary thing...

Just a blip, right? A bazillion immigrants are coming, creating a price floor that will stop prices from dropping. Let’s look past the fact a fifth of recent immigrants want to leave due to the cost of living. We’ll also gloss over the fact that studies show Canada is looking less competitive by the day. Heck, let’s even gloss over the poor value proposition for immigrants today. Let’s only focus on BMO’s latest chart showing no correlation between population and home prices.

“Housing bulls are convinced that rising immigration tallies and strong population growth will keep a firm floor on the market,” he said. Adding, “Perhaps. But the attached chart shows zero correlation between population growth and home prices.”

Rectangle Slope Plot Font Line

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RayVegas

· #72 · May 10, 2022

We’ve had QE, low rates, increased money supply, increased wealth due to crypto gains into a lower supply situation(Covid caused) and prices on everything went bonkers. What do you think happens when we have the total reverse situation of QT, increasing rates, lower money supply, decreasing cryto wealth into a normalized supply situation eventually?

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Jr Mint

· #73 · May 10, 2022

Tons of cars on the market. No chance they don’t start coming down. As far as RE goes, inventory needs to increase significantly in order for the prices go down.

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Luzifer

· #74 · May 10, 2022

Huracaan said:
Lol @ immigrants are going to prop up the most overvalued RE market in the world. How many immigrants are coming to Canada who have access to a million dollars to buy a property? Most if not all are low wage workers who can barely afford to pay the rent. It's just a BS narrative the RE industry wants people to believe.

Plain and simple Canadian's borrowed cheap money since the panadmic started, poured it into RE and now the bubble is about to the burst.

And here's a snippet from an article from BMO talking about this vary thing...

When I was saying immigrants I wasn't referring from overseas but from the other side of the city. They pay a whole lot more over there so they are flooding this part. But one high rise where I saw all the owners name of these condos I would say over 95% sounded very foreign.

There is one thing you may not know, overseas immigrants receive money, the government keeps the numbers secret but I suspect it may be a lot, I can tell you a lot of them have new houses, new cars, new furniture and when it comes time to pay my bill they argue the entire bill is free or tax free or whatever.

Huracaan

· #75 · May 10, 2022

Luzifer said:
When I was saying immigrants I wasn't referring from overseas but from the other side of the city. They pay a whole lot more over there so they are flooding this part. But one high rise where I saw all the owners name of these condos I would say over 95% sounded very foreign.

There is one thing you may not know, overseas immigrants receive money, the government keeps the numbers secret but I suspect it may be a lot, I can tell you a lot of them have new houses, new cars, new furniture and when it comes time to pay my bill they argue the entire bill is free or tax free or whatever.

There's article after article that prices are falling in the GTA and beyond so you must live in the only part of Canada where demand is insane.

sicknss

· #76 · May 10, 2022

Lambo2018 said:
No, I think you're spot on. Both the car and housing market are due for a correction whether we like it or not.

While supply vs demand is affecting both markets there's a giant difference in that ICE cars are being killed off particularly at the top end. Mid to long term you can only compare high performance cars and houses if western countries try to mandate that we no longer build houses and everyone must live in an apartment. Houses (high performance ICE cars in this analogy) would be unlikely to come back down in value.

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Luzifer

· #77 · May 10, 2022

Huracaan said:
There's article after article that prices are falling in the GTA and beyond so you must live in the only part of Canada where demand is insane.

I don't live in GTA.

static_analysis

· #78 · May 10, 2022

I don’t buy cars in GTA I steal them.

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Lambo2018

· #79 · May 10, 2022

sicknss said:
While supply vs demand is affecting both markets there's a giant difference in that ICE cars are being killed off particularly at the top end. Mid to long term you can only compare high performance cars and houses if western countries try to mandate that we no longer build houses and everyone must live in an apartment. Houses (high performance ICE cars in this analogy) would be unlikely to come back down in value.

Hope your right but, having lived in Texas twice before, I have seen the housing market run up then within a few years pull back.

Regarding ICE, I hope they will hold their value but there are a fair number of buyers that are inclined to chase the next new shiney Lamborghini to be released. Also as the ICE crowd ages I think the upcoming/future generations may be all in with the Electric ~~toasters~~ cars.

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LHP

· #80 · May 10, 2022

Lambo2018 said:
Hope your right but, having lived in Texas twice before, I have seen the housing market run up then within a few years pull back.

Regarding ICE, I hope they will hold their value but there are a fair number of buyers that are inclined to chase the next new shiney Lamborghini to be released. Also as the ICE crowd ages I think the upcoming/future generations may be all in with the Electric ~~toasters~~ cars.

The issue I see in the long term of Ev or Hybrids is the battery components are so expensive to replace. I do hope this won't be the case with the A replacement but the tech is too new for lower cost components. The P1's lithium-ion batteries cost approx. $150,000.

1 5 0 , 0 0 0 - I understand it's a hypercar but even if a A replacement battery is 75k (half) it's still a huge turn off when the car is resold after warranty expire. There is a simplicity to knowing you own an H or A - the engines are tried and true. Especially for the H when you know that V10 + DCT is truly reliable and a beast.

I'll be getting into the A replacement for sure, but I will always keep one ice car!

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