Tue, 1 August 2017
As John says, big toy sales are generally an indication that the business cycle is peaking. RV sales are currently at record levels. They've almost gone parabolic. Millennials are buying them because they can't afford houses. This means we're pretty close to a peak and many of these RV's will come back on the market. It could be a very good time to wait two years and snap up the bargains. Housing prices appear to have peaked as well. It's a good time to put those big purchases on hold. Financial history is sure to repeat itself unless this time is really different. |
