Does the Kelly blue book estimated valuing lists have any validity considering today's current economic climate among the general public? Or are folks trying to avoid the facts, realized losses and seek to hang on to some delusional fantasy that indicate otherwise that used luxury & durable goods market has tanked along with everyone's 401Ks?
As I understood it - KKB was traditionally held as the insurance recovery cost index minus one's wear-n-tear. In the current used market whether it is pricing of a 8 year car, motorcycle or boat - the sellers (especially Craig listers) are still suggesting KKB as the starting point for negotiations rather than value and interest pricing. In other words... I think many of these "motivated" sellers are tripping in a world gone flea market!
What's your thoughts?