Empowered Planning Blog

As we dust off our margarita glasses + shop for new flip flops, the breadcrumbs left behind by the global pandemic are all around us. I want to share these 3 Weird + Wacky ways our money is being impacted today. 

#1: Used car prices are up over 30% as compared to last year. Why?

-Stimulus checks + low interest rates + going back to in-person working pushed upgrading a vehicle to the top of many lists. 

-Disruptions to supply chains and chip manufactures due to Covid-19 have just about halted new car production.

Keep in mind, if you're looking to upgrade your car, you may want to hold off until prices normalize. On the other hand, if you have a car in good shape but lost your daily commute because of permanent remote working you may not find a better time to sell your car!

#2: Turn key homes are selling for a HUGE premium. Why? 

-Construction costs (labor + materials) are higher than ever. Lumber + steel costs have shot up as much as 50% throughout the country....