Cars aren’t just past the peak of a speculative bubble of epic proportions, either.
This market has many facets and although the bulk of the market is not even half way there yet IMO, there may be some screaming bargains hidden in the nooks and crannies that represent reasonably fair value.
The whole bubble argument is based on fundamentals. If someone can purchase for about the same as renting in SD, then it is not a bubble situation in that instance , based on the funadamentals.
This doesn’t mean they won’t lose money, as things will likely over-correct to the downside.
