Quote:
Originally Posted by bizaro86
It's crazy. I have a 2018 Altima that I got a great price on new. I'm pretty confident I could sell it for either what I paid or within maybe $1-2k after driving it for 5 years.
But then I'd need a new one, and the pretty regular full size cars (Camry/Accord/Altima etc) seem to be $40k now new
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You can't make money by sell high buy high (on an equivalent)... same with everyone clapping over how much their home values have gone up.
Unless you own 15 of those Altimas and are happy to give up 14 of them with no replacement, you are net gaining nothing with inflation.
Similarly, selling your one piece of primary residence is only beneficial if you are for example downsizing to a condo.