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I don't buy the "extorted" bit for people who were nothing but lucky in timing and were able to buy in when it was attainable for normal people. If they don't like it, they are free to sell and will no doubt be a windfall lottery winning jackpot, and move on with their fortune and no drama.
For sure, it is an "extortion bit" that you don't understand, for obvious reasons. However, it's a great area for stepped up basis transactions and/or 1031's. There might be flat out great deals in places like Houston, TX, or FL. Many areas in NV (as another follower of this board might attest) are screaming great deals.
Or maybe those are ironic or sarcastic quotes. If so, well played.
As I said before, if they don't like it, they can change it, or sell. Most do neither.
Journeys' however, begin with single steps. I read there has been a slight % decrease in home ownership & an increase in those that rent. Now part of that can be products the new generation does not like or want. So, it's hardly one whole "privileged" generation that gets the opportunity, while another/ next "lesser" generation does not, as you say/ imply! So whether they are PO'd today because the grapes were not peeled for them and handed to them on silver spoons, might be another discussion.
So, mentioned concepts & actions: like stepped up basis & 1031's (not to mention other planning tools) are far afield from diesels. So how about them cowboys? (DIESELS)
There's no chance that future generations will see the same asset appreciation as prior. For that to happen, the typical $750K ordinary house in Seattle might be worth $7MM in a generation. Unless 45 throws us into a couple decades of high inflation, nope. Home ownership stats are a ruse to pump up the FIRE industries, anyway. They aren't as such a clinging point in more developed economies (who don't have idiocy like the interest deduction). Luckiest generation who was able to get in when the income:mortgage relationship was much different than today, not much more.
I am not the one who whined about those poor exploited (extorted? LOL) landlords in SF who have blindly stumbled into windfalls and some want to make into victims, you don't have to tell me what is linked to diesels
Probably not many diesels in SF anyway, I imagine that's Prius-and-Tesla-ville if one has a car at all.
I'm sure you are telling me that is where you are putting your "bets" & or NOT!? . It's not for me to tell you whether it's wrong or right. The markets, however will confirm or deny. However, this WSJ indicates whom is really whining ! I say cheers for the better economy! https://www.wsj.com/articles/u-s-families-wealth-incomes-rose-fed-survey-says-1506534336
Are there many diesels in cities? Are they dwarfed by Priuses or Teslas? I'm not sure. But I'm sure @ least local/state DMV's do know. According to the whiners, EV's et al, don't really work to clean air in cities.
Anecdotally, one diesel got drivento Las Vegas, NV, for three months! Who knows, it might wind up domicile there. It's not bad utility for a reliable $ 2.5k to $6k car.
Whining or winning? Subscription link, sorry.
I see diesels in suburbs more than cities. Hybrids, EVs, and small cars are increasing prevalent in legitimately densely populated urban cores, even in Seattle where a large amount of the taxi fleet is hybrid. Of course, we don't get small diesels, and small diesels might not be best suited for this market anymore. Diesels are for the road, let the EVs have Manhattan or downtown SF.
Midsized sedans sales only 1/10 cars!? https://www.bloomberg.com/news/articles/2017-09-27/midsize-u-s-sedan-demand-stalls-out-to-lowest-on-record?ref=yfp
It'll be interesting to see what Amazon does - they have to do something, we're full-up here.
For many reasons, it's different on the full 360 degree assault on DIESEL car products.
TESLA (EV) put two properties that demonstrates the effects! They took over the old GM/Toyota plant in Fremont, CA. CA has always been hostile to business! Even Elon's!? The place they are building in NV (Reno) is literally a secondary economic miracle! This has direct & secondary effects in South Lake Tahoe, CA. Will electric batteries be the markets future?
BMW was smart to put a world wide assembly plant (diesel) on USA soil. It makes it much harder for regulators to slash their own political noses to spite their handlers own faces.
Always felt the "exemptions" to any rule are a slippery slope that often has corrupt justifications for its existence.
Then of course you run a blow EVERYTHING out of reasonable portion ad campaign. Then of course try to get rid of TDI's.
It would seem the vast majority of affected 500,000 units)TDI's will still go back into the PVF! It reminds me of a Rolling Stones song " Can't Always Get What You Want"
Advantage Diesels!
But mum's the word! Well just keep it amongst us! (faux-butchs)
I'll wait for a 2019 up TDI, with 369 to 458# ft of torque! Yee Haw! It's almost amazing that almost anything from 2.3,4,6,8,10, cyclinders engines make good to great TDI engines!
Another big issue is image and emotion.
If I they get 15 mpg, that's probably a good posting!
But then on the other end, the POTUS has at least two ultimate commute vehicles: diesel limousines! https://www.quora.com/How-many-vehicles-and-secret-service-agents-does-it-take-to-transport-President-Obam
Well we can't leave out Marines 1 /2, & AF1/2! I never understood why they don't give AF 1/2 inflight refueling capability?
When his detractors act like Pavlovian dogs, at his every utterance, gesture, etc., it appears these kinds of responses only guarantees another 4 years?
Let's hope he gets rid of the anti-diesel folks and gives diesels a fair run.
Not a political forum, I will just say if the opposition produces another unlikable candidate and underestimates the gripes of the middle, woe is them.
Unfortunately, I haven't heard the new regime address anything about potentially onerous automotive/diesel regs, too tied up in perpetual idiot tweets about football players and other distractions from the real issues that plague the newly filled swamp.
Like it or not, PVF diesels have been more political! I'm thinking a switch to CUV's should help VW in compliance to CUV standards rather than compact to midsized sedans. So we shall see if the EPA slowdown review yields any (diesel) fruits.
Till then, there are a few OEM's putting PVF diesel products on the market.
Slow diesel news day! 38 mpg posting (15 gals on the last fill up 2014 MB GLK 250 BT)
"Trump" iter sez my IRS $1,000 tax CUT will buy me a car! Make mine a TT diesel !
Need to add @ least a $50,000 IRS tax CREDIT, to my $1,000 tax cut to replace my diesel VW Touareg
To think I was happy to get a $1,300 IRS tax credit, buying a 2009 VW Jetta TDI! It had a ZERO down & cost to ZERO int. rate! Oh yes, & now I need a safe room for all this hurtful diesel hate!
Well, they've finally chosen suitable "diesel-gate scape goat's". I wonder if he's related to Sergeant Schultz? https://www.forbes.com/sites/michaeltaylor/2017/09/29/former-volkswagen-engine-boss-taken-into-custody-over-dieselgate/#546245d97cc8
I'd be leery of that $1K, as the leading economic adviser also thinks that a typical family makes 100K, and that 1K will buy a new car or kitchen reno
Distant service - the downside of living in an outlying low cost of living area. if I lived where my mom lives, it could easily be a 2 hour + drive each way to have the Bluetec serviced at the dealer. Luckily, it's a yearly event (and here, my local dealer is under 10 minutes away)
My first comment was:
1) Lexus doesn't need warranty work like your past cars have.
2) Just go to Toyota locally for service.
My mistake, but Bosch will probably pony about $350 for the affected 2.0 L diesels. https://www.boschvwsettlement.com/en/Home/Faq
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(Later post) Too funny about protesting! Is it a good time to take a knee or use my anti/anti antiFA approved bank robbing doubling as a real ski bacava to protest? How much per hour are the Soros orgs, foundations or otherwise, paying for protesting, @ least $15 per hour, 2*X OT? Do they pay extra for not having a green card? Do they pay for my all black uniforms? Do we get extra for wearing helmets? Do we get unemployment, if we get busted? How about Obamacare? Do they provide an IRS 1099?
Perhaps this is TMI, but after all of the VW details were "dubbed" in order, the VW accounts process went fairly smoothly and probably pretty quickly. Since I turned in both Volkswagens on the same day, in consecutive morning appointments, the funds transfers on both accounts happened almost simultaneously, albeit a couple of business days later.
Evidently, the Bosch accounts process is different, judging by getting the $1,500 3.0 L check earilier.
So if I could take the longer-term view (14/15 years, longer than longer term, 20 years) , the 2003 VW Jetta TDI @ 187,000 miles seems to be humming along just fine.
TMI
It looks like this set of Toyo tires (on 2003 VW Jetta TDI ) will probably only get 100,000 miles. I think thats what you only get following oem rotation cycles @ 10,000 miles. If this car is going to follow my daughter around the US, I should probably get the next set of tires from a chain, like Costco.
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So part of the reason why the buyback was offered (upfront in my product-2012 VW Touareg TDI Gen 1) was because some articles indicated that Gen1 was not to be given approval. Yet legal language preserved the emissions repair pathway-if approved. I'm guessing simultaneously approval would deny/close off buyback pathway.
For me it was a hard decision. While the 2012 VW Touareg remains a very old platform, it's still one of the best midsized CUV's on the market. It is really a Porsche Cayenne in VW drag, or some VW diehards would say: vice versa. Edmunds.com has noted it HANDLES. Other comparison articles have noted .85 G. The only other one that beats it is a actual Porsche Cayenne TDI. But then again, it forces the Cayenne into the Nutty ( expensive with short lifespans to boot) tire categories. .
So at this point, without the TBD fines, etc., the total received = $1,778 more than paid for the new car (40 miles) driving app 66,000 miles. Gee a 30,000 miles oil/filter change was due.
O.C. beach cities beset by mysterious nauseating odor demand answers
http://www.latimes.com/local/lanow/la-me-odor-beach20170930-story.html
Equinox diesel would be a good alternative. How are you enjoying Nevada?
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