Everyone is a genius in a bull market. I remember a friend saying they were going to buy teslas to then re-sell them at a higher price around the same time because "teslas aren't like normal cars, they're an appreciating asset".

Thankfully he ended up not having enough money to pull this off so didn't lose everything either.

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ElProlactin 4 hours ago | parent | next [-]

If your friend is interested in not missing out on opportunities like this going forward, he should check out my company, NumberGoUp.ai.

	▲	an hour ago \| parent [-]
		[deleted]

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arthurcolle 5 hours ago | parent | prev | next [-]

could have worked with crypto or GPUs though, to be fair to your friend ^_^

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baobabKoodaa 5 hours ago | parent [-]

There was a time period when it worked with used cars, too.

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dylan604 4 hours ago | parent [-]

Used car prices are still higher than pre-COVID, but there's still a decent mark up for restoration projects if you want to go that route in used car

	▲	throw-qqqqq 13 minutes ago \| parent \| next [-]
		> Used car prices are still higher than pre-COVID Also if you adjust for inflation? (Which exploded after COVID)
	▲	andy_ppp 3 hours ago \| parent \| prev [-]
		Looking at how a lot of modern cars are just made of glued together plastic (Mat Armstrong’s channel amongst others) I’m not at all surprised people are buying used models more regularly.

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dylan604 4 hours ago | parent | prev [-]

I heard people were buying property before this year's Wold Cup that were near the stadiums so they could rent them out and then sell them after. Now, sellers are having to lower the asking prices, and that's just a few months after the tourney. Honestly, I hope those asshats are taking it at a loss