Posted by jahaze on January 13, 2009 at 07:19:51 from (71.205.127.96):
In Reply to: Economic Indicators? posted by dej(jed) on January 13, 2009 at 04:27:41:
What I think is happening is people are beginning to get real hard up for money so they are trying to sell their toys for what they have into them, or what they perceive they are worth. I think in reality, most of the tractors for sale have actually depreciated in value and in many cases are worth less than folks have into them (kind of like real estate). I expect to see prices down this spring at the auctions, which will provide a better indication of what they are really worth. I plan on being in a decent cash position to pick up a few of the rareer ones. I think the "average" tractor market will be down, and since the scrap market has also collapsed, we shouldn't have to worry about being out bid by the scrappers either. Either way, I think it a terrible time to have your hopes on getting out of debt tied to being able to sell your tractor for big $, it should be a buyers market in most areas.
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