It pisses me off because, for once, I'm going to have the income possible to get something that isn't some early 2000's beater. Now cars are more expensive than they've ever been in my life.

Nobody knows to be honest. Could be 6 months, could be 2 years or it could just be the new normal. The only thing that seems to be agreed on is that if you absolutely need a car then just buy a car and if you can afford to wait then just wait. I don't think it'll be like hitting a switch and boom everything is back to normal. If it does regulate and prices drop then it'll likely be very gradual. Another thing to remember also is that there are thousands of people waiting for prices to drop so once prices even flinch the market is going to flood with buyers further prolonging the "return to normal".

i'll be glad whenever it plunges. Facebook marketplace is full of 2005-whatever-the-fucks with 150k miles for $20000