Welcome to Saving Money with Andrew! If you’re new, you might want to check out my top 9 money-saving tips. In the Pacific Ocean, a mile from Los Angeles Harbor, a cargo ship holding 2,000 cars lay waiting for almost a week. Right now, the US is awash in cars, but driving is down precipitously, and most people neither need nor are in a position to buy a car right now.
Waiting is the same conclusion I've come to. I think huge swaths of the economy are just in wait-and-see mode right now. Landlords, car manufacturers, home sellers, etc. are all just waiting to see if we miraculously get a V-shaped recovery before dropping prices. I hope they're right, but if not, I think there will be lots of deals in 3-6 months once reality sets in that this is the new normal.
Waiting is the same conclusion I've come to. I think huge swaths of the economy are just in wait-and-see mode right now. Landlords, car manufacturers, home sellers, etc. are all just waiting to see if we miraculously get a V-shaped recovery before dropping prices. I hope they're right, but if not, I think there will be lots of deals in 3-6 months once reality sets in that this is the new normal.