2 ms·
Car and crazy things: in Brazil during our last hyperinflation period, people literally bought cars as an investment, because often used car prices were just sl
by speeder 5y ago
Car and crazy things: in Brazil during our last hyperinflation period, people literally bought cars as an investment, because often used car prices were just slightly behind a new car price, while other methods of investment had literally lower returns than that.
A lot of people became car flippers too, bought used cars, repaired them, improved what could be improved, and sold them back, if done right sometimes for amounts that were ludicrously much more than they paid.
Suffice to say, rampant inflation is NOT pretty.