Let's not forget that even though this is a "buyers market" for a bus or home- it is a double edge sword. It is never just that simple.
Factor in very difficult financing to this. Yea, you can get things cheap but even so- getting money to finance is very hard. Even if you have good credit.
Look at the Fico score. 700 used to be "A" paper. Now many mortgage companies and lenders require a 740! to be the starting point for "A" paper. One can almost kiss good by getting a home equity loan as one either has negative equity or is at a break even point. Those who have equity are using what little they have to hold off the fast depreciation our homes and property are taking.
This is the check and balance.
If you cash heavy then right now is the perfect time.
If you are dependent on a loan from a bank or lending institution- then hold on for the bumpy ride.
It is going to be several years before things calm down. NO one has the answer. Speculation is all we have.
The Prevost bus is unique. But like all things is in for a wild ride during these strange and uncertain times.
Tully


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