Ok. So what’s everyone’s buying mood now?

All non-essential spending has stopped at this house, due to the Corona virus.

We were just puppies through the 2008 recession, this one will be like 9-1-1 and 2008 combined. It's going to hurt.

A friend of mine has found a whole barn full of cars for sale from an estate. He wants to go halves and buy it all.

Right now might be the time to buy some stuff cheap but I’m not built that way.

We don't have any debts and have a decent amount of liquidity so there are a few things I have my eye out for that may come along at a bargain.

For those that can, this situation will produce some unique opportunities.

All non-essential spending has stopped at this house, due to the Corona virus.

We were just puppies through the 2008 recession, this one will be like 9-11 and 2008 combined. It's going to hurt.

Wasn't really in the market for anything special before this current reality, so probably not going to be tempted by any deals out there. HOWEVER I just checked into refinance rates on the home I live in and a rental I own. The rates are so low at this time that if I were to refinance both I could buy a new Redeye and never feel the hit!
Yes, I am doing the paperwork now (on the refi, not the Redeye).

Ive always lived within my means, so this deal really wont impact me at all. If ya live like your semi poor all the time and stash cash there is only done direction to look at any given time and thats up.

Seems i'm in the opposite boat/mindset as many here. SINCE things got serious, i have made more money selling stuff than i made all last year. Mind you, much ov that was gym equipment, and gyms are closing here, but some car parts as well. I'm hoping since the market is going to dry up HARD here (everything we sell comes from the South side ov a closed border), that people start thinking more budget, maybe think more hotrodder... and buy more used parts. Nothing but time on people's hands now, and the stores might close too... and so the used market might just respond...

Luckily i'm in a less than dire financial position, for once. Just wish i had a car to work on.

The border isn't closed to commercial traffic, so parts that are made in Mexico shouldn't start to disappear anytime soon, I wouldn't think. Although it is closed to non-essential travel, you can still cross over if you claim that you're crossing to do some shopping (which is technically commerce, I guess).

My father was born in the early 20s which means he had pretty solid memories of living through the great depression of the 30s - in a family with 8 kids. Didn't share a lot of detail with me but I do recall him saying that the best way to get a meal was to go take it away from somebody else. That generation spent their life adhering to "never gonna happen to me again" and many were pretty tight with their money.

Being raised around that mentality is a mixed bag. On the serious downside is being just too damn tight with my money - to the point of not enjoying it anywhere near as much as I could have. On the major upside, I'm pretty well positioned to ride out anything short of a zombie apocalypse or nuclear armageddon.

Instant gratification vs long term peace of mind. You can have one or the other.

What amazes me is everyone that thinks they are ok... teachers, insurance people, police, government, city workers, hospitals, they cut our service's, and think the unemployed will just keep writing the checks and paying them...Reality will be a bitter pill for them for sure if this lasts very long. They mandate close your business, but pay those taxes, no evictions, but pay the taxes, with what? Are they stupid?

same here. no unnecessary spending by me also.

and i agree it's the CORONA virus.

i am trying to buy my dinner from local restaurants when i can.

Actually its a corona virus, not the there are many corona viruses in this world. This one should be named the Wuhan virus as that was the origination point. Diseases are named where they originate.


Very happy I sold my 73 Charger when I did

n Yes but to the commoner its the CHINA VIRUS.

Society labels everything, people may not like it but its true.

Ordered a big batch of parts for my '68 GTS including 1/4 skins. Currently working towards buying the last odds and ends for my no prep car. Still looking for the right 68 4 speed QQ1 Roadrunner and maybe a 66-67 beater HEMI 4 speed car. Kind of losing the thrill of owning an H or R code car as I slowly drive my collection less and less. I'd rather have a nothing special car that can be raced once in a while.

That said everything investments been moved to CD's a few months ago and in a few years we will look for more land. Along with many of you I remember the dot com boom crash, the 911 crash and of course the housing crash. I chose my profession and side business because they are essential services. Unfortunately even those positions may not be safe aka funded long term if nobody is making money at a corporate level.

I think we are going to get bit big time because of how overleveraged the average household is on items that will end up having little value on the resale market.

I had to google overleveraged, ha ha, Im not super well off but have no debt or credit cards, pay cash, but recently have been using my debit card in public as I dont want back and forth bills. Still waiting for some ebay sellers to slack up on prices a bit and will then and if get some needed parts.

Agree, China Virus!

Pick a Scapegoat Virus.

Repeat what a famous person says virus.

How about you research how prior viruses have been named then come back to us with a report.

Naming the coronavirus disease (COVID-19) and the virus that causes it
Official names have been announced for the virus responsible for COVID-19 (previously known as “2019 novel coronavirus”) and the disease it causes. The official names are:

Disease

coronavirus disease
(COVID-19)

Virus

severe acute respiratory syndrome coronavirus 2
(SARS-CoV-2)


Why do the virus and the disease have different names?

Viruses, and the diseases they cause, often have different names. For example, HIV is the virus that causes AIDS. People often know the name of a disease, such as measles, but not the name of the virus that causes it (rubeola).

There are different processes, and purposes, for naming viruses and diseases.

Viruses are named based on their genetic structure to facilitate the development of diagnostic tests, vaccines and medicines. Virologists and the wider scientific community do this work, so viruses are named by the International Committee on Taxonomy of Viruses (ICTV).

Diseases are named to enable discussion on disease prevention, spread, transmissibility, severity and treatment. Human disease preparedness and response is WHO’s role, so diseases are officially named by WHO in the International Classification of Diseases (ICD).

ICTV announced “severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)” as the name of the new virus on 11 February 2020. This name was chosen because the virus is genetically related to the coronavirus responsible for the SARS outbreak of 2003. While related, the two viruses are different.

WHO announced “COVID-19” as the name of this new disease on 11 February 2020, following guidelines previously developed with the World Organisation for Animal Health (OIE) and the Food and Agriculture Organization of the United Nations (FAO).

WHO Director-General's remarks at the media on 11 February 2020
WHO Situation Report on 11 February 2020
WHO and ICTV were in communication about the naming of both the virus and the disease.



What name does WHO use for the virus?

From a risk communications perspective, using the name SARS can have unintended consequences in terms of creating unnecessary fear for some populations, especially in Asia which was worst affected by the SARS outbreak in 2003.

For that reason and others, WHO has begun referring to the virus as “the virus responsible for COVID-19” or “the COVID-19 virus” when communicating with the public. Neither of these designations are intended as replacements for the official name of the virus as agreed by the ICTV.

Material published before the virus was officially named will not be updated unless necessary in order to avoid confusion.

I had to google overleveraged, ha ha, Im not super well off but have no debt or credit cards, pay cash, but recently have been using my debit card in public as I dont want back and forth bills.