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#11
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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 ![]()
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Don't mess with old farts - age and treachery will always overcome youth and skill! Bullshit and brilliance only come with age and experience. |
#12
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It means you should sell me your Yenko Chevelle for $100K.
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#13
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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.
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2 Cool Old SHELBY's |
#14
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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 |
#15
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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. |
#16
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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/
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Bill O'Brien 1974 Jeep CJ5 - 304 V8, Edelbrock Intake, Holley 650, MSD Ignition, Patriot Headers |
#17
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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. |
#18
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I see Tulips in some speculators futures!
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~JAG~ NCRS#65120 68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car #21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built. 71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist. NUMEROUS Lemans blue Camaros, Monza Red and Daytona Yellow Corvettes & a Chevelle or two... Survivors, restored cars, & other photos https://picasaweb.google.com/lh/myphotos |
#19
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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? |
#20
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Thought are...it sucks...
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__________________
Don't mess with old farts - age and treachery will always overcome youth and skill! Bullshit and brilliance only come with age and experience. |
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