Boomers: the generation that thinks that everything they’ve touched turns to gold. Doubtful? Take a look at the asking prices on classic cars (restored and otherwise) on Facebook Marketplace. But a market correction is coming, says the automotive Facebook page Mile High Misfits. How exactly is that correction arriving? In a Reel posted against the backdrop of a Marketplace listing (a 2004 Cadillac XLR convertible listed for $13,000), the spokesperson for Mile High Misfits says, "Now that Marketplace allows the laugh react to ‘for sale’ posts, it’s our time to shine." Shine On You Crazy Diamond The cause? Boomers are trying to sell their vehicles at dealership prices. The 2002 Corvette that’s listed is priced at just under the Kelley Blue Book valuation. But the 2009 Dodge Challenger is listed at $10,000, and the upholstery is torn to shreds—not a good indicator of how the vehicle was maintained. "Before we had to silently scroll on by," Mile High Misfits says. "But no longer. We can publicly shame now." Then he gives an example of exactly what he’s crusading against: "Don’t let Boomers post their one-of-one garage princess C4 ’Vette for $30k anymore without a flood of laugh reacts." His goal? "Let’s bring down these inflated-[expletive] used car prices," he says. Next, he offers an instruction: "Go out and find somebody to laugh at." Because, as he affirms, "We can bully people into a market correction." Facebook Confirms The Change Though it sounds like it might be too good to be true, Facebook has confirmed the change. It’s a move the social media company is calling "personalized shopping." They’re rolling it out in tandem with "collections," a feature designed to let users "create groups of Marketplace listings and invite friends to join." Though this might become an inadvertent test of friendships as avid collectors each vie for that knock-off Corbusier chair. Additionally, the site aims to help users ask the right questions to find the right answers by offering AI insights. But if it works as well as it does in other situations, users might end up making offers on hallucinatory items. Are People Actually Pricing Their Used Cars Too High On Marketplace? Research suggests that the vehicles highlighted in Mile High Misfits’ Reel are priced based on vibes. Autotrader listed a comparable Dodge Challenger at $3,900, while the Corvette was priced at $26,500. Overvaluation of personal items seems to be a persistent problem among the generation born between 1946 and 1964. According to the site Big I, a website for independent insurance agents, "In their mind, their car is worth three times more than anybody else’s car." But the problem isn’t just about high prices; it’s about market saturation. Almost 76 million Boomers are reaching retirement age. That means many of them are divesting themselves of various collections, including vehicles. So a car that might’ve once been relatively rare is now competing with vehicles that are actually "limited production models with documented history and provenance." Those are the collectables that will continue to hold their value. Meanwhile, less storied vehicles just aren’t as desirable. Considering the Reel has gotten over 81,000 views and 116 comments, it seems the market correction and captioned call to "make used cars cheap again" are gleefully underway. Schadenfreude Celebration No one in the comments section is lamenting the return of commenting and reacting to Marketplace listings. Though a few users grumble about only "brokies" complaining about prices. But overall, there’s real joy at the thought of being able to "explain" to a delusional seller—in real time—that their price is utterly absurd. And in so publicly shaming, making sure some poor sucker doesn’t come along and spend their hard-earned money on a lemon. One user celebrates the return of comments: "That SEMA Miata listing has been deep-fried by its comments," says Etan Das. While others imagine what the near future will look like: "Bro, I’ll be laughing at everybody trying to sell their cyber trucks," promises Chaston Brawley. While William White admits, "I do this to the car flippers." And at least one person has embraced the mission. "I’ve already been doing that," says TJ Johnson. Which just goes to show, Facebook users might love a deal, but even more than that, they love "collective bargaining power." Motor1 reached out to Mile High Misfits via Facebook Messenger and with a comment on his post. We will update this if he gets back to us. We want your opinion! What would you like to see on Motor1.com? Take our 3 minute survey. - The Motor1.com Team