Homestead mailing list

[Clansgian AT wmconnect.com]

> >When gas prices were at their zenith many dealers were offering gas  
> guzzlers at panic sale prices all across the country. But of course  
> you already knew that.

If the dealers bought the cars from the manufacturer for a "dealer's cost" 
they would not be able to offer those vehicles at a panic sale price and fail 
to 
go out of business.

Holding the title to cars for sale is like holding commodity futures.  
Individual dealers can't do it.  They would be taking a risk that they would 
be 
buying a car for $20,000 or so and never be able to sell it.  That risk is 
absorbed by investors on a much broader scale.  

A car dealer does not own the car any more than you owned the houses you 
sold.  You were up front that you would take an offer to the owner and see if 
they 
agreed. The only real difference with a car dealer is that they are 
pretending as if they own the car and are taking a personal loss if they sell 
it to you 
for too little.

Sorry you find it a smart-ass observation, but I find it no end of amusing 
that you got taken in by the old $500 over dealer cost ploy.