ICE or EV?

Which car(s) will you be buying next?

  • ICE ICE Baby (morekaos dinosaur option)

    Votes: 12 30.0%

  • EV forEVa (unicorns for all)

    Votes: 22 55.0%

  • PHEV (I still have range anxiety)

    Votes: 4 10.0%

  • Hybrid (can't plug in yet)

    Votes: 5 12.5%

  • Alternative fuel (Hydrogen, vegetable oil, etc)

    Votes: 0 0.0%

  • Other

    Votes: 1 2.5%
  • Total voters
    40
NEW -> Contingent Buyer Assistance Program
Hilarious. I don't blame Larry or you for anything other than not recognizing the drop in Irvine was not as bad as predicted (which Larry did admit later).

Poor attempt at playing a victim. Just own your missteps and move on. Or is this you deflecting your decision to buy in the IE vs Irvine? 😂😂😂
 
irvinehomeowner said:
Hilarious. I don't blame Larry or you for anything other than not recognizing the drop in Irvine was not as bad as predicted (which Larry did admit later).

Poor attempt at playing a victim. Just own your missteps and move on. Or is this you deflecting your decision to buy in the IE vs Irvine? 😂😂😂
Click to expand...
Of course I did debunk the 15% myth that were perpetuating on this forum by proving conclusively with data that Irvine crashed 28%. You've never forgiven me for that cardinal sin either.

Honestly, unless Irvine went up by 100% from 2014-2019 (which it didn't, not even close) it was beaten by my rentals in the IE, and that doesn't even include the massive cash flow I pocketed over that time. It's funny that you look down on good people from the IE like CalBears, even though they did much better than you over that time.
 
Just a shiny expensive toy for the rich…not much more…😂😂😂🦄🌈

34-year-old earning $400,000 a year: I regret buying a brand-new Tesla—it was a ‘huge mistake’​

Electric cars, and Teslas specifically, may depreciate even faster. Electric vehicles lose their value at an average rate of 49% in the first five years, compared with about 39% for all vehicles, a 2023 study by iSeeCars found. Teslas are among some of the worst at retaining their value, with Model 3s losing an average 43% of their value in five years.

2024/06/28/why-buying-a-brand-new-tesla-was-a-huge-mistake.html?
 
irvinehomeowner said:
Hilarious. I don't blame Larry or you for anything other than not recognizing the drop in Irvine was not as bad as predicted (which Larry did admit later).

Poor attempt at playing a victim. Just own your missteps and move on. Or is this you deflecting your decision to buy in the IE vs Irvine? 😂😂😂
Click to expand...

Larry was expecting some kind of doomsday scenario (!). He moved out to Rancho Mirage.

Irvine SFR's didn't drop as much, but for small condos the drop was bigger. For example, these in Oak Creek saw its value drop from $420k in 2006 to $255k in 2012:

If memory serves if was even lower in 2011, so the overall drop was about 40% from peak. But if you had bought it in 2012 it's up 2.75x.

Inland areas like IE and Riverside have even bigger swings. My investment house in Riverside County went up 3x in value from 2012 to 2018 (when I sold), or 5x from 2012 to 2024. But that pales in comparison to small condos in places like Palm Springs and Reno NV. For example:


This 2 bed condo in Reno was $28,000 in 2011 and has gone up 7.64x since. Back then it rents for $650-$750/month and $1,400/month today. Needless to say when RE market nosedives, it will crash much harder there. I have a friend who lives in the area and her landlord (family friend) offered to sell her a condo for $18k as is in 2012, she declined (oops).
 
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momopi said:
Larry was expecting some kind of doomsday scenario (!). He moved out to Rancho Mirage.
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to be fair to Larry and the rest of us housing bears, the level of bailout, tossing aside asset rules, and propping up of the dead horse, was (and may be still is) unprecedented. The S&L bailout was several leagues more minor than the pretending the bank was solvent that occurred during the great asset transfer.
 
Purely hypothetical, as they're not selling cars to the general public. But if I was in need of a car, I would seriously consider it. Buy 2 and have a spare for parts. $28k for a car that nice is an easy sell. But my situation is somewhat unique. I have the space to store the 2nd car indoors, and I don't drive much. Or maybe put them both in service for both my wife and I, and just cross our fingers. She doesn't drive much either and has been limping an old Leaf around for 9 years (her choice), so it would be pretty nice upgrade.
 
CalBears96 said:
VW the second legacy car company, after Ford, to invest in Rivian:

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Like I said…VW investment decision making is not the best….🤦🏽‍♂️😂😂😂👎🏽🦄🌈

Volkswagen shares slip as it considers Brussels plant closure on weak EV demand

· The company has now lowered the forecast for its operating return on sales to a 6.5% to 7% range, from 7% to 7.5% previously.

· It noted that is also considering the restructuring or potential shutdown of its Audi plant in Brussels on the back of weak demand for the Audi Q8 e-tron line.

https://www.cnbc.com/2024/07/10/vol...rce=iosappshare|com.apple.UIKit.activity.Mail
 
irvinehomeowner said:
Despite "downtrend"... Hyundai still pushing EVs:

electrek.co

Hyundai says EVs are 'top priority' in the US with massive $7.6B Metaplant opening soon

Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla...
electrek.co electrek.co

That and Kia building the lower cost EV3 in Mexico to enable NA $7500 cheese credit.

Incentive baby incentive!
Click to expand...

Unfortunately IHO, Hyundai will not save your market…Like I said. “if you regulate impossibilities on a company that they can’t achieve (VW and clean diesel)…THEY WILL CHEAT!!!🤦🏽‍♂️😂😂😂😂🦄🌈
More Bad News on the Electric Vehicle Front
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Hyundai Motor North America is facing a lawsuit that contends the auto manufacturer “has emphasized sales-volume growth in its Hyundai branded EVs, leading the public to believe these increasing EV sales are occurring organically because of the desirability of Hyundai EVs and customer demand for these vehicles.”​


What’s more, the lawsuit, filed by Napleton Aurora Imports, a dealership based in the Chicago suburbs, alleges Hyundai pressured dealerships to “artificially inflate” EV sales numbers; created a perverse incentive system in which dealerships that “played ball” were rewarded while those who did not were “punished,” issued several press releases trumpeting “fake” EV sales figures, “created a multitiered scheme to cause its dealers to report false [EV] sales,” and deliberately pushed a “false narrative” that its EV sales were due to “organic growth fueled by desirable vehicles and consumer demand.”
https://www.americanthinker.com/articles/2024/07/more_bad_news_on_the_electric_vehicle_front.html

​


Napleton Aurora v Hyundai - Illinois - 20240705 | PDF | Franchising | Legal Remedy
scribd.com

 
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