World Record Price for Yenko Camaro?

[Speedrx]

What is the highest price anyone has seen for a Yenko Camaro? A '69 Rally Green Yenko Camaro sold a few weeks ago in a Houston Auction for $247,500 + buyers fee. I think the buyer's fee is around 8% putting the selling price around <font color="red"> $267,300 </font> WOW! When did they start selling for this kind of price?

[hvychev]

That has to be the highest I have heard of.

[Charley Lillard]

Cool... That was the Rally Green Supercar workshop car that Worldwide had.

[sYc]

WOW!!

On a side note, this past weekend I was visiting with some one who is not into cars, but is into making $$$. He told me that according to several investment experts, musclecars is the #1 investment right now.

[whitetop]

Quote: On a side note, this past weekend I was visiting with some one who is not into cars, but is into making $$$. He told me that according to several investment experts, musclecars is the #1 investment right now


Same exact comments I heard in 1989 before the collapse of prices. Notice how many collections are now coming up for sale all of a sudden just in the last month??.. Barris, BoB McDorman collection out of Columbus (supposedly the largest Chevrolet collection in the world) come right off the top of my head.
These guys are not dumb. They are getting out while the getting out is good.

Article came out today about the pending "Housing Bubble" collpase.
Areas like Miami that were growing 20-30% per year in value have just suddenly very rapidly leveled off. The article said people who were waiting in line for 6 weeks at one Condo place that was under construction to get a unit last year now have a buyers market. Now there are vacanncies everywhere and "Vulture Capitalist" groups are the hottest investment trend being formed today. Groups of people are forming these "vulture capitalist" groups with $$ to buy properties at upcoming foreclosures for cheap.

My prediction is the drop in housing prices is going to really affect the car prices. I think they will coincide with one another.

[Late BrakeU2]

I think collapse is a dramatic forecast,but certainly a 10-15% cooling trend is both probable and healthy.Pedigree cars with paper will always be a good investment,even after the boomers pass through.The only thing that will trigger a "collapse" in the So Cal market will be a literal one-EaRtHQuAAKE-

[whitetop]

In certain hot areas of the country a collapse will the appropriate term. The areas known for flippers. People buying a house and selling it a month later for a $50K profit.

Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K

[Born30YrsLate]

[ QUOTE ]

Same exact comments I heard in 1989 before the collapse of prices.

[/ QUOTE ]

Based on the fact that I probably hadn't gotten my first pimple yet in 1989 - how much of a dive did the prices of cars take...actual examples would be helpful. http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif

[Stuart Adams]

I have felt for a while the economy in general (some areas are great and some suck)is average at best. It would be much better if we paid less out on welfare, criminals and prisons, etc.
As far as this car goes, what a beauty. I find it interesting that WW Muscle had the car listed for 12-18mo. with price around 150 or so and couldn't sell it and now it goes for 275K, go figure. I think cars are like the economy - if you find the right person wanting the right car chances are good you will see top dollar paid, just like a house of the same square footage is 100K in one place and 500K in another. Maybe the guy that bought it just sold a house and made 500K from an area where the economy is good!

[hvychev]

[ QUOTE ]
Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K


[/ QUOTE ] LOL

Highly doubt you will see prices of Real Estate drop.....level off maybe but drop???

[Belair62]

[ QUOTE ]
Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K

[/ QUOTE ]

I just don't get this statement...translate please http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif

[LVCamaro]

It means you should sell me your Yenko Chevelle for $100K. http://www.yenko.net/ubbthreads/images/graemlins/grin.gif

SS

[12bolt]

Congratulations to the Buyer and Seller! What a Beautiful example of not only a Yenko Camaro, But an Excellent Restoration Job!! as for the talk of Housing Bubbles Bursting, That has been discussed for the last two years. it Has not happened yet. as long as interest Rates are under 10%, the market will remain the way it is. For Cars and Houses. in Philadelphia for example, the Real Estate Market has caught on FIRE! entire slums are being Bought paying $100K for Rowhome Shells! the Reason things may be cooling off in Florida is for the simple fact that it has been a Bonanza down there for so long that it had to crest at some point. watch for areas like, Texas, Oklahoma, and New Mexico to be the next "Florida" as the Baby Boomer's who continue to buy the Muscle cars of their youth also want warm Climates to retire to. Florida is now considered Crowded and Overpriced.

[camaromb]

If we only had a crystal ball... As far as Florida real estate, some areas are still strong. Sarasota county saw a 41% appreciation from Feb. '04 to Feb. '05. In march we toured some of the model homes in some golf course communities. A row of $3,000,000+ plus homes had remained unsold for months with the local papers referring to a 36 month supply of $3,000,000+ homes. In the last month half of these homes had sold. I guess like parts, all it takes is one to pay the "new" price and the perceived "value" goes up also. Another Condo project on the water near Englewood Florida was just listed with units starting at $900,000. The project is already 50% sold out within the first few weeks of announcement. Real estate is certainly strong in some Florida communities.
Mark

[whitetop]

[ QUOTE ]
I just don't get this statement...translate please

[/ QUOTE ]

No reference to what you think real or imagined. Prior post did not even come to mind whenI typed that. 100K was a good round high number.Just looked at the new Mopar Muscle mag yesterday about ridicoulas car prices everyone thinking their car is worth 100K i.e. BJ prices.

[AutoInsane]

When the "money makers" got involved in the buying and selling of cars is when it got silly in the 90's. When something becomes a commodoty, to be bought and sold, is when the perspective of value is lost. If you are buying a car as a pure investment you are definitely taking on risk and with risk can come big gains or big losses. Just take a look at Ferrari prices in the 90's.

Here is a company that puts it all in perspective. They chart car prices to gain some sense of the history of the price trend:

TobinResearch.com/catalog/

[whitetop]

[ QUOTE ]
how much of a dive did the prices of cars take...actual examples would be helpful.

[/ QUOTE ]



An example I remember was in Mopar Collectors Guide ( I think) was guy that bought a Hemi Roadrunner at auction for 40K and was offered 45K as he was loading it up on his trailer and one-two years later had it for sale for 25K with no offers.

[firstgenaddict]

I see Tulips in some speculators futures!

[TMagda]

I think real estate is bound to level off and maybe decrease slightly in the near future. Why? The discretionary portion of salaries (for salaried emloyees) has been decreasing and will continue to do so. 2 big reasons, the cost of health insurance and the decline of social security. Employers can no longer affford to pay the full load of health insurance and are passing more of the cost to the employee. My company's increase this year was roughly 2x the average annual raise putting our employee at the same level of discretionary as 2 years ago. With large companies bailing on defined benefit pensions and SS failing, employees are becoming more and more responsible for thier own retirement savings. This also reduces discretionary spending. I know a lot of people on this board are self employed, but I'm sure a lot of have employees and have experienced the heath insurance dilemma. It seems that instead of anyone addressing the problem (health care too expensive) most are working on the symptom (how do we pay this, this year). I believe the majority of the US workforce are employees and therefore subject to these issues. Most people I know are running 2 income families to pay for their homes. I also have run across some 40 year mortgages. That cannot be good for the kids either because they sit in daycare 9 hours a day.
Thoughts?

[Belair62]

Thought are...it sucks... http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[whitetop]

I think there is a lot of stresses on the real estate market today that we did not have in the past that is going to create a bubble in many areas.

Average equity levels have been decreasing every year. There is a rising trend of people who are upgrading to newer/larger homes coming in with lower equity levels than in the past in their old homes because they spent their equity on CARS, boats, vacations, CC debt etc.

There are more ARMS (40% of all loans today are ARMS)
When the rates go up 4-5 years from now people will have a hard time affording the extra payment. This is one reason they took the ARM over the fixed rate in the first place..they wanted their McMansion right away. (I'm not refering to flippers). Look at all the new loans out today that are ARMS with interest only payment.

Some say the appraisals done over the last 4-5 years will turn into a huge scandel itself that will make the S&amp;L banking fiasco look like childs play. Many appraisals were done that over infalted the homes worth so the people could get the loan and the lenders looked the other way. However when people try to sell they are going to find out their home is worth less than what they paid for it. Add on those 1110, 115 or 125% ditech loans above that and they really will be hurting.

Also, like one poster said above houses in one area went up 40% in one year. That means that proprty tax will be going up also. I don't know too many people that can take a hit like that year after year in property tax hikes without eventually bailing out and moving to a lower priced area.

Some may say I'm pessimistic but if you told people back in 1999 that tech stocks would loose 90% of their value in a few short months time they would have looked at you like you were nuts.

[Belair62]

It's the RE taxes that worry me...they never go away or go down !

[Mr70]

Ain't that the Truth..

[SamLBInj]

"It's the RE taxes that worry me...they never go away or go down ! "
Most of the propert tax goes to schools, where I live we are considered a sending district to a regional school. Long Beach Island is a beach community so most homes are summer homes owned by New Yorkers, North Jersians, and Pennsyltuckians so they get whacked royaly and get no benifit, they figured it is costing close to $40,000.00 grand a kid per year to send them to this school as there are only a few year round locals. They are finally wising up and considering using one of the local grade schools as a new high school, if that happens taxes will most likely go down. Property here has gone through the roof with little 50 x 100 ocean or bay front lots being sold in the millions if you can find one, even the worse locations on the main street 3 years ago that were selling for $150,000. are now million dollar tear downs.
Sam

[SamLBInj]

http://councilfor.cagw.org/site/PageServer?pagename=CCAGW_homepage

Check this out if you havent before, Im not a real political person but this is really getting bad...read this and you will be amazed how bad we are getting ripped off by our own congress. Check out the one foriegn pork add on that we as tax payers are forking out a million bucks to save a snake from Guam...We have also given Tiger Woods a 100,000 grand, like he really needs it...I registered and sent them 50.00 bucks for now which hopefully will save me thousands later on. Like I said, read it and you will be amazed, 700.00 for a toilet seat is nothing, I wish I could get 50.00 bucks for one...register and send this to as many people that you can, maybe we can make a difference...our kids and grandkids will thank us...
Sam

[raw muscle cars]

Some people have more money then brains!!

500,000 for a gt 500e built buy unique sold at barrett thats not an investment its plain out retarted. There will always be people out there who have tons of money and want what they want...

[Verne_Frantz]

Back to cars....
This ad is a good thermometer to gauge the current thinking, and the quoted article clearly demonstrates it's the early '90s again! http://www.yenko.net/ubbthreads/images/graemlins/thumbsdown.gif
I wish the investors would stick to stocks and leave our hobby alone.
http://cgi.ebay.com/ebaymotors/ws/eBayIS...751813&amp;rd=1 (http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&amp;category=6169&amp;item=45487518 13&amp;rd=1)

And the car has a bunch of mistakes (besides the day-2 stuff)

Verne

[Kim_Howie]

My answer about Florida, isn't that the state that can't figure out a voting machine!!!!! http://www.yenko.net/ubbthreads/images/graemlins/haha.gif http://www.yenko.net/ubbthreads/images/graemlins/haha.gif http://www.yenko.net/ubbthreads/images/graemlins/beers.gif http://www.yenko.net/ubbthreads/images/graemlins/CharleySucks.gif

[Stuart Adams]

After reading DIE BROKE the author had a cool idea - Your kids will just fight over the money, so spend/enjoy it and "YOUR LAST CHECK SHOULD GO TO THE MORGUE AND IT SHOULD BOUNCE." http://www.yenko.net/ubbthreads/images/graemlins/CharleySucks.gif

[whitetop]

[ QUOTE ]
Prices average $30,000 to $50,000 now and should go up 30 to 40 percent this year, while a perfectly restored model could reach $100,000."

[/ QUOTE ]

If you had an investment (that did not cost you any money other than a little bit of insurance) that went up 30-40% per year why would you sell it?? To get a return of 3% on a CD or a stagnant stock market return??? Why does the owner not just keep the car another year and get another 30%...that way his reserve will be met.

[Chevy454]

[ QUOTE ]
...and "YOUR LAST CHECK SHOULD GO TO THE MORGUE AND IT SHOULD BOUNCE."

[/ QUOTE ]
I can't say as I'm crazy about THAT idea, Stu! http://www.yenko.net/ubbthreads/images/graemlins/grin.gif

[PPPJJJFFF]

I believe the market today is different than the late 80's early 90's. The demographics now show baby boomers have created or inherited a tremendous amount of wealth. These are the same individuals who wish they had these cars 30 years ago. Now they do. To many, spending a 100K or more on a car is alot easier then spending 40K for that same car 15 years ago. The nest is emptying and they want to have some fun. I expect corrections now and then, just like anything. But a bubble bursting in these cars. Don't see it anytime soon. Just my opinion. http://www.yenko.net/ubbthreads/images/graemlins/wink.gif Patrick

[whitetop]

Patrick
I think you may be leaving out of the equation the love of the almighty dollar god comes first when prices drop vs hanging onto the car(s).

[camarojoe]

Some people buy these cars because they love them, not to try to make money on, regardless of if you are talking high end cars or low end. Alot of buyers (including myself and many others here) could care less what they are "worth" or will be "worth" or have been "worth", they simply know what they want, and how much it costs to get it. The price is dictated by how many others want the same thing. Every day there are more people who want the same thing, and less to go around, so the price keeps going up. I know I have always wanted a Yenko, not because i have analyzed the market and predicted investment potential, or think that its a better investment than something else, etc. but just because I wanted one...I also watched the prices soar by 1000's each year I was trying to get one, as they are continuing to do as evidenced by this latest record breaking sale of the SCW rally green car. Everyone who spends money on a supercar isn't always an "investor", I know alot of folks simply want what they want because they like it, and they buy it because they can. Plain and simple.

[YENKO DEUCE REGISTRY]

Well said Joe, same here http://www.yenko.net/ubbthreads/images/graemlins/biggthumpup.gif

[DarrenX33]

[ QUOTE ]
Some people buy these cars because they love them

[/ QUOTE ]

I third that Joe. http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[SamLBInj]

"After reading DIE BROKE the author had a cool idea - Your kids will just fight over the money, so spend/enjoy it and "YOUR LAST CHECK SHOULD GO TO THE MORGUE AND IT SHOULD BOUNCE."
Better yet, really piss your kids off and get buried in the car... http://www.yenko.net/ubbthreads/images/graemlins/naughty.gif

[Steve Shauger]

I just wonder if the same individuals that predict the car markets decline, had the infinite wisdom to predict its escalation. Again if you really like the cars, who cares just enjoy them.

As far as real estate investments go, I have been patiently waiting for the market to adjust and purchase some properties. Well I have been waiting for a decline (as the "experts" have been predicting) and all I foresee is growth and value increases.

[Verne_Frantz]

Joe,
I couldn't agree more. The "investors" are a VERY small minority of people buying these cars. Actually, I don't even consider them as part of "our" hobby. But I have to complain when a flurry of them "invade" us due to investment advice. Those few can artificially drive up prices by buying and selling among themsleves in a frenzy (they don't hold the cars for a long term gain - it's a quick turnover game for their kind) and as a result, "we" can get priced out of our own hobby in a hurry. They don't even have any understanding of the cars they buy. They're buying "commodities".

It reminds me of the people who walk up to you at a car show and the first thing they ask is, "what's this car worth"? My answer to that is, "A hell of a lot less than it would take to make me sell it"

Verne

[whitetop]

[ QUOTE ]
and all I foresee is growth and value increases.

[/ QUOTE ]

Those are the very same exact words Ken Lay of ENRON said at the shareholders meeting telling people to buy ENRON stock while at the same time he was dumping his right before the collapse

[YENKO DEUCE REGISTRY]

Don't bring up Enron or Ken Lay, this whole SOX404 crap we have to endure is because of that, that, ....... whatever http://www.yenko.net/ubbthreads/images/graemlins/frown.gif

[Belair62]

He was talking about real estate not crooked CEO's...there are greedy people and crooks everywhere...

[Steve Shauger]

AGAIN you are only looking at these cars as investments. If you are that worried, let me know what you have ...if I like it, I may take it off your hands.
This is a hobby to me and I have a blast meeting and making new friends and beating the pants off these cars. Last night my son came home from college (not sure if that is a great investment..just kidding). We took the Yenko to a cruise night and drove it like it should be. The whole way home all I saw a huge grin on his face. He said "that was blast, I can't believe how high the front end come up. It felt like the wheels were off the ground". That put a smile on my face. He followed it up with "when is it my turn". Life is about stepping up and going for it.

The altenative is to be afraid and worry about everything. I know where I stand...
http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[Xplantdad]

[ QUOTE ]
Life is about stepping up and going for it.

The altenative is to be afraid and worry about everything. I know where I stand...
http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[/ QUOTE ]

I stand right with you Steve...

I absolutely love driving my car...as evidence of 600+miles put on it in the 3 or so weeks I've had it!

[Belair62]

http://www.yenko.net/ubbthreads/images/graemlins/biggthumpup.gif

[ohhawk]

To quote one of the sponsors on this site who makes a living selling these cars.....

Car collectors "are not just investors", Comer says. "These are people who are enjoying the return on their investment, but enjoying the cars even more." (end of quote)

.....Colin Comer from USA Today/Thursday, 5/8/05

I would align myself with Mr. Comer's thinking. The real financial risk (for those who care) in my opinion is the person who has a high % of their net worth tied up in these cars. Musclecar prices may go up or they may go down, no one has the crystal ball. Many of us may not have been "investors" when we originally purchased our car/s but when the prices go up 100% plus in the last few years all of a sudden we are labeled "investors". Hey, anytime you're dealing with $50,000 (pick your own amount) or significantly more most people have to consider the investment angle. It's the smart thing to do.

[gemleeus]

quote: "Hey, anytime you're dealing with $50,000 (pick your own amount) or significantly more most people have to consider the investment angle. It's the smart thing to do."

man you hit the nail on the head!

[whitetop]

[ QUOTE ]
Alot of buyers (including myself and many others here) could care less what they are "worth" or will be "worth"

[/ QUOTE ]

LOL.. Cmon joe everybody cares what their car is worth or could be worth. If you don't care what they are worth why insure them for actual current value?

also when charlie heard the car sold for $275K his reply was "cool" was he happy because the car sold or because it sold for $275k. I know which one I'd pick

[resto4u]

All good things come to an end. People who invest in cars and spend "stupid" money because they can, will lose money. http://www.yenko.net/ubbthreads/images/graemlins/smile.gif These buyers artificially inflate prices. And prices would not be where they are if they would have stayed in there other investments. BJ auctions make people think there car is worth "stupid" money. http://www.yenko.net/ubbthreads/images/graemlins/crazy.gif Roger

[Xplantdad]

[ QUOTE ]
BJ auctions make people think there car is worth "stupid" money

[/ QUOTE ]

Wasn't there discussion about muscle car prices hitting their peak...before the most recent B-J auction...and the projection that prices would be falling (that they HAD to...because they couldn't keep going up?)

I personally didn't see that at all....as proven by the record sales at B-J...

Heck, you can't find a decent restorable musclecar fir less than $15,000 anymore...and that's for something that needs lots of work!

[Belair62]

If you buy junk you end up with junk...I think increased value of these cars are just a cool added bonus of having one . I don't think anyone is buying them in anticipation of retirement...

[jfkheat]

The problem with the people paying "stupid money" is that others with the same type cars think their cars are worth the same "stupid money."
James

[Belair62]

Its fun to think that...but reality creeps in when you put the signs on it !!! You can't equate auction money and the best one in the world type cars with whats in the garage necessarily...IMO. Since we are in the same thread as the mention of the McDorman collection being sold....he isn't selling the whole collection...maybe 100 cars at the most from what I was told...for business reasons..not to tap into some lucrative market.

[Speedrx]

A couple of other "incredible" results from the same auction:

1970 Hemi Cuda - $205K
1969 Shelby GT500 - $190K
1969 Camaro Z28 - $129K - n/s
1971 Ply Cuda 440+6 conv't - $615K - n/s

[camarojoe]

Whitetop, you miss the whole point... sure, its cool to know a car you have is "worth" more than you paid, and sure its only smart to insure it for what its "worth", simply because if something happened to it and it needed to be replaced, i'd have to pay the current "worth" price to replace it... but if (and thats a big if) these cars started to decline in price, would I hurry up and put it on ebay or try to sell it quick tot he first guy with a fist full of dollars? Heck no... to me, i don't really care if my car is worth twice what I paid or half what i paid... its not an "investment", its a dream come true. In some odd way i almost wish they WOULD fall flat on their face as far as "value" goes, because I'd love to buy about a half dozen more of them. To me they were just as cool, just as fast, and just as rare when they were "worth" 25 grand as they are now. I will also like these cars just the same if someday I am the only one left in the world that is still "into" them. That's not going to happen though, as there are more and more people looking to buy, own, drive, show, and enjoy these cars every day... hence the ever increasing prices. The prices don't go up simply because people are "investing" in them, the prices go up because more people want them, and they don't make them anymore, so whatever is out there already has to be divided up among all the poeple who want them. These cars were expensive 10 years ago, 5 years ago they were even more expensive, and 5 years from now they will likely be even more expensive still... or then again maybe they won't be...In either case, I will be happy, as the car i have will still be the same and mean the same to me. I know thats hard for an "investor" or "speculator" to imagine, but its true. I don't think I'm alone in this thought either.

[hvychev]

You arent Joe! Very well said. http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[sYc]

Joe, the Clary family agrees 100% http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

Well, all but my wife, who would rather have the $$$. http://www.yenko.net/ubbthreads/images/graemlins/biggthumpup.gif

[Mr70]

Today there are to many variables involved to gauge the market on just a single reported selling price alone.
Whenever I hear about a Car selling,I pay close attention to who paid that price?..did it sell through a broker,or an auction w/added fees,or even in a driveway?...are they going to drive it frequently and enjoy it,..or store it indefinitely?..are they going to flip it in 10 months,or keep it for 10 years?
How old are they?...where they actual there back when the car was Brand new,with memories of days long ago,or are they simply following the nieve role of "Hey look at Me".
Have they ever turned a wrench on a car previous &amp; do they even know what the actual firing order is?...can they decipher a Cowl Tag or VIN#?
Can they carry their own in a face to face technical conversation,..and do they attend public Carshows?..Do they attend carshows on the lookout for the magazine photographers?
The answer to these questions usually speaks loud &amp; clear about the Buyer &amp; the purchase price he paid.
Maybe not a Litmus test to some,but things that I look at today in this world of "Speculative buyer price" vs. a REAL Enthusiast purchased price.

[70-SS/RS-L78]

Sam LBInj
My better half’s family owns a house on the bay with a large lot in Manahawkin
that her Grandfather built in the early 1950’s. they were offered a very obscene
amount of money for it 2 weeks ago and turned it down flat. She did not even blink.
“No Way, It’s NOT For Sale and don’t ask again” she told them. You Go Girl!!!
Some things you can’t put a price on and that Summer House is one of them...

[71-LS6]

Ditto to Joe's remarks. Whether my cars are worth twice what I paid for them, or half what I paid for them, I'm still content owning them.

[BUIZILLA]

[ QUOTE ]
Areas like Miami that were growing 20-30% per year in value have just suddenly very rapidly leveled off. The article said people who were waiting in line for 6 weeks at one Condo place that was under construction to get a unit last year now have a buyers market. Now there are vacanncies everywhere and "Vulture Capitalist" groups are the hottest investment trend being formed today. Groups of people are forming these "vulture capitalist" groups with $$ to buy properties at upcoming foreclosures for cheap.


[/ QUOTE ]
I've lived in Miami for 50 years, and this above statement is FAR from the truth. Whoever made this statement, doesn't have a clue what they are talking about around here.
Jim

[Astock]

The real estate is going crazy North of you,too.I thought the run-up Calif. in the past 8 years was something,but this is unreal.

[ssl78]

I have owned muscle cars since I was 16 my first car was a 1967 Chevelle SS 396 4 spd car I bought for 600.00 it was mint. It didnt take me long to blow the original motor and have to replace it. That started my addiction replace cams, headers, carbs etc. My parents always were telling how crazy I was spending my entire check on my cars, they just didnt understand I was addicted and there was no stopping now. After that Chevelle I went to a Ford a 67 Mustang I would put a 351 4 speed and 4:62 rear end in for the summer and then every winter I would put the stock 289 and open back in since I could only afford one car since I spent all my extra money on that car. After many more cars and many more paychecks going into my cars my parents finally gave up until one day in 1985 when I asked my dad if I could borrow 9K dollars to go by a 69 Camaro with a blown motor, he really thought I was crazy but lent me the money any ways I sold everything I owned and paid them back in less than a year. The car I bought was a 69 hugger orange Yenko Camaro to this day my dad cant believe what has happened to the value of theese cars. The point of the story is I paid my dues and spent a lot of hard earned money on theese cars before they were worth anything thats what makes them special its a feeling only a car guy understands and its not really about money. On the other hand the money does matter because we are spending alot of money to buy them now, and alot of us are reaching a retirement age and it helps us feel a little more secure. I still drive every one of mine no matter what they are worth because weather its worth 600 or 150k its just another muscle car and the feeling is priceless.

[Charley Lillard]

So where is that Hugger orange Yenko today ?

[ssl78]

I wish I knew I sold it in 1992 it fell off the face of the earth I have tried many times to find it and would give anything to own it again.

[hvychev]

John you are definitely a "real" car guy. http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[Pantera]

Homes here in the Tulsa area are a real bargan if you compare them to some parts of the country.

They have been creeping upwards nowadays. In 1989 I picked up a one acre lot with a 5,000 sf house on it for just under $200,000. It has 45 large trees on the property and is about a 1/2mi from where the Shelby and Mustang guys have their big show here in Tulsa. The Power tour stoped just a mile to the south when it was here.

There are still a lot of good buys to had in this area and it is not a bad place to live. we get all four seasons and not too much of any one except perhaps the hot summer lasts a little longer than I would like it to.

Cost of living makes it a great place to retire to. Florida is just too hot in the summer. I agree with you that more people will be looking at places like OKla and surrounding areas in the future. Snow only is on the ground for a week or sometimes two here.

Pantera

[SamLBInj]

Hey Mark,
I remember when you could buy a house on the water in Beach Haven West for $8,999 with no money down, not really that long ago...Nice to see it worth so much, but as with the cars, if you sell you will never be able to replace and that goes emotionally as well. Let me know when you head down and we can cruise over to the Dutchmans Quelly bar for a few cold ones.. http://www.yenko.net/ubbthreads/images/graemlins/beers.gif
Sam

[ QUOTE ]
Sam LBInj
My better half’s family owns a house on the bay with a large lot in Manahawkin
that her Grandfather built in the early 1950’s. they were offered a very obscene
amount of money for it 2 weeks ago and turned it down flat. She did not even blink.
“No Way, It’s NOT For Sale and don’t ask again” she told them. You Go Girl!!!
Some things you can’t put a price on and that Summer House is one of them...

[/ QUOTE ]

[DarrenX33]

[ QUOTE ]
I have owned muscle cars since I was 16 my first car was a 1967 Chevelle SS 396 4 spd car I bought for 600.00 it was mint. It didnt take me long to blow the original motor and have to replace it. That started my addiction replace cams, headers, carbs etc. My parents always were telling how crazy I was spending my entire check on my cars, they just didnt understand I was addicted and there was no stopping now. After that Chevelle I went to a Ford a 67 Mustang I would put a 351 4 speed and 4:62 rear end in for the summer and then every winter I would put the stock 289 and open back in since I could only afford one car since I spent all my extra money on that car. After many more cars and many more paychecks going into my cars my parents finally gave up until one day in 1985 when I asked my dad if I could borrow 9K dollars to go by a 69 Camaro with a blown motor, he really thought I was crazy but lent me the money any ways I sold everything I owned and paid them back in less than a year. The car I bought was a 69 hugger orange Yenko Camaro to this day my dad cant believe what has happened to the value of theese cars. The point of the story is I paid my dues and spent a lot of hard earned money on theese cars before they were worth anything thats what makes them special its a feeling only a car guy understands and its not really about money. On the other hand the money does matter because we are spending alot of money to buy them now, and alot of us are reaching a retirement age and it helps us feel a little more secure. I still drive every one of mine no matter what they are worth because weather its worth 600 or 150k its just another muscle car and the feeling is priceless.

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I can really appreciate this post because I can slightly relate to this experience. In 1990 when I got my first good paying job I dumped nearly every penny I was making into the frame on resto of my Z. Weeknights and weekends spend working on it. I remember the hot summer days that my wife (then girlfriend) would bring me gallons of Gatorade. Not sure how thrilled she was that there was no money going into us getting married http://www.yenko.net/ubbthreads/images/graemlins/grin.gif. My Mom thought I was nuts. But Dad knew I was doing something right and I think he was pretty proud to see me out there following in his footsteps. You can't put a dollar amount on these kinds of experiences.

Here is what the car looked like when I started. But throw in rusted lower doors, quarters and rear window.

http://img.photobucket.com/albums/v674/dagcostello/z1.jpg

http://www.yenko.net/ubbthreads/images/graemlins/beers.gif John.

[Mr. T]

Glad to see you got rid of that black grill, and put an argent one in Darren. http://www.yenko.net/ubbthreads/images/graemlins/biggthumpup.gif

[Jeff H]

[ QUOTE ]
Hey Mark,
I remember when you could buy a house on the water in Beach Haven West for $8,999 with no money down, not really that long ago...Nice to see it worth so much, but as with the cars, if you sell you will never be able to replace and that goes emotionally as well. Let me know when you head down and we can cruise over to the Dutchmans Quelly bar for a few cold ones.. http://www.yenko.net/ubbthreads/images/graemlins/beers.gif
Sam


[/ QUOTE ]

Sam, I can remember wanting to get a place on LBI for years and looking at some duplexes that I thought were overpriced in the $165,000 range. That was less than 8 years ago. That same duplex now sells for a minimum of $750,000. I'm not looking for a beach house as an investment, but a place to go to in the spring/summer. It will probably never happen now because of all the NY people coming down and buying everything up.

[Steve Shauger]

I have been going to LBI for over forty years. My parents had a house there many years ago. My uncle had a bay front house until he passed away last year. Jeff there are alot of PA people as well as NY. We are spending a week there in July, but it will be the first without my aunt and uncle next door. A great family resort and a NJ treasure. yearmandLBI is

[Jeff H]

Yes, there were quite a few PA people, but not like it used to be. It's dominated by NY license plates. They've built up everything around LBI as well so it now takes 45 minutes longer to get to the south end where we usually go. It's amazing to see these little houses sell for $400-600K and then get torn down and a new monster takes its place. The prices of real estate and musclecars has gone up much faster than people's income, so it must be investors running up the prices of both. But there's no use in complaining since it won't change the situation for either. Enjoy what you have! http://www.yenko.net/ubbthreads/images/graemlins/beers.gif

[WWMCMike]

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As far as this car goes, what a beauty. I find it interesting that WW Muscle had the car listed for 12-18mo. with price around 150 or so and couldn't sell it and now it goes for 275K, go figure.

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When I first bought the car almost 3 years ago, I priced the car at $165K. I then took it off the market, within 3-4 months, and we liked it so it basically was not for sale. I turned down $200K for the car numerous times before taking it to the Houston auction and selling it.

[JChlupsa]

Congrats on the Sale Mike and Mahalo for the insight on it as well.