I’ve noticed something very interesting in the last month.. the first time I saw it I didnt pay much attention but I’ve seen it another 2 times since!!!
Large semi trucks in residential neighborhoods loading up cars.. you know those semis that normally carry something like 10 new cars? Well I’m seeing those load up used cars.. What the heck is going on? Is this the service that people get to get their cars hauled to new area? Or is this repo?
I’ve never seen one of these trucks in a residential before and I’ve seen 3 in the last month.. it’s interesting whatever the reason… I look at it as just one more indicator of the exodus!
I saw a glitzy looking Mercedes for sale today in a driveway of a home that has been for sale for months. Love seeing things like that. To top it off, the lady who lives there used to boast about her investor husband and how they owned many properties around town. She’d always start the conversation by talking about how much the neighbor got for their home, or how such and such yard looked so bad. She was all about image and really put up a false front.
A good indicator of outward migration is to check U-Haul rates from point to point, and vice-versa. For example, to rent a 26′ U-Haul from SD to Phoenix is $646 one-way…. yet in the reverse direction it is but $174!!
That tells me more people are leaving SD than coming in!
Could be repos… People don’t turn their foreclosed-on cars in to the lender as requested, or it’s a service provided by the lender. Looks like the bank sends the repo company out to get the vehicles.
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