How does the 911 bubble work?
 

I've been pondering this recently. I understand the longhood bubble. That makes sense to me. Same with the Turbo bubble.

And I understand how those prices would trickle down a little to NA impact bumper cars, but not in the way they have.

Who is spending $25K to $30K on an SC? Who is the buyer? How many of them are there? Are they happy with their purchase after the fact?

This especially applies to midyear cars and to average 915 Carreras.

Puzzled how this works.

Not sure how it works either Shaun. I think it goes something like this:
Take your purchase price from 6 years ago and multiply by 87.

The bubble increases exponentially each week until I sell mine. Then it gets some common sense.

I was wondering the same thing. I mean, my SC was a cool toy, but it wasn't a $25k car, leave alone anything over that.

My question right now is how a 993 can still be a $40k car if an SC is $25? It used to be at least 2.5 if not 3x! Not that I want my 993 to become part of this ... I'd rather not!

G

What turbo bubble? I have never really looked, but did looked at it a couple of months ago and some sold for 75k and they used to be 50k cars all day long, clean ones . 200k is a bubble, not 75?

How it works is that some people are pretty well off in this economy, and they are looking for things to buy that are not growing on trees. As long as those people are doing well, this is not a bubble.

I am going to guess...There are those that pant after a cheap 911. (cheap at first ) LOL
Those that trade, Stepping stones to the better one .
The ones that trade all the time looking to make 5 bucks.
the collectors...hoping to find a killer deal...looking at the world market.
Then the rest of us.
We are on the fence between a Cayman and another 911.
30K is 30 k, but what will make you /me the most happy ?
I have a feeling the Cayman is going to be the dark horse .

Apparently when you're 6'3 with a little bit of a paunch, the Cayman and Boxter aren't a consideration. Which is a shame, the C is a cool looking little car! But I think a more modern 996 will suit me nicely and there's no bubble to deal with.

In the world of classic cars, $25k is pocket change. Yes, an SC is a classic. Muscle cars, which are mediocre cars by most standards, are in many cases $100k+. What provides the same experience and look for $25k? In some ways they are a bargain.

I think as a whole the basic 911 will stay stable right where it is at for a while.Price wise .
In watching other "toys", the market is soft soft soft for most play things.

The only 993s that are $40K are cabriolets. Coupes in decent condition are $50-60K cars.

There are a couple valuation threads on the turbo forum. There have been a couple 930s that have sold recently at auction for $200-300K. Haggerty's valuation guide released a couple months ago claimed a grade 3 car to be worth about $100K.

Lots of dealer coupes at 50k up here. It is not a whole lot more than what they used to be. Maybe 20% more?

Zero 993 from private parties though ...

Time to switch insurance to declared value I guess!

Holy smokes man 100k:eek:, what's a grade 3 car?

Hey you used to daily drive yours, right? I might have seen your car at the new years drive a few years back. Its really clean and there aren't too many blue 930s out. What do you think your 930's worth? I have a an 88 930 cab with 45k miles and a hot motor. Other then that, its pretty damn clean. It fun to find out what I have here, not that I will ever sell it.

He still turns idiots like me loose with it on occasion. Glad they hadn't started going as crazy then. Not sure I could drive it now....

This "bubble" is becoming a real problem. The only affordable cars locally are modified rubbish.

Anything half decent is snapped up before you know it and often without even being advertised. Just word of mouth get's inquiries.

Probably a Karmann Ghia has gone up by a lot bigger percentage. Especially a cabriolet.

Shhhh!!!!! Don't make him think on that! I'm using his Turbo rims right now - kinda on permanent loan.

Good luck finding a decent one in Aus. :(

So...........you think $150k is reasonable for a long hood but you can't fathom how an SC is a $25k or better car? Really? Really!?

If you think the 911 bubble is crazy check out the prices for old VW vans. They are cool but painfully slow and not any fun to drive.

The bubble didn't start until I sold mine.

$125k

TheSamba.com :: VW Classifieds - 1958 23 Window Deluxe Sunroof Micro, Cool Patina!

http://forums.pelicanparts.com/uploa...1433939037.jpg

Now THAT is the pure definition of a bubble. 125K for that is just nucking futz.

Yours would be the least valuable of all 930s but it's still gone up some, I'm sure. :cool:

Absolutely, yes.

Well, ok then. I suppose its better to have strong convictions than none at all........:p

There were 58K+ SCs made

They were all pretty much the same car.

There's no hierarchy among them, perceived or real

They are 10 years newer than longhoods

On a subjective, asethetics level, you can argue impact bumper cars aren't as "X" as longhoods and that CIS makes the engine bay a detraction whereas MFI and carbs are art.

What I like to do for fun is search the classifieds here on Pelican. Plug in any given year on a title search and then look at the 5 or 6 year old ads.

Like this beauty:

http://forums.pelicanparts.com/porsche-cars-sale/462731-another-fire-sale-1973-rs-replica-18000-a.html

It really is market economics. Not a lot of air cooled cars were made. They don't make them any more. The 911 has always been a dream car. Count how many mustangs and Cameros were made. More supply, and some demand. Air cooled 911s occupy a niche that is meant to appreciate. Which is unfortunate to those who don't have one yet.

cool, Iets meet up and lunch's on me. I will take my S2000 and see if his 930 could really rev as high as 9000rpm. Rev match, right? if it breaks, just give it back:D

Don't do that. It's depressing as hell. My first Porsche was a 1970 911T, bought in 2004 for $4500. It had a little cosmetic rust in the front fender corners but a strong 2.2 with Webers, nice tight suspension, good brakes, and a freshly rebuilt 901. It was my daily driver for a year. That's probably a $30k car today.

I think "the way it works" is that the bubble magic works best on you when you have never owned an example of the affected car. If you have it makes no sense to you...
We never owned a 250GTO when it was new, I bet there's some guys who think the world has gone insane when they sell for 20Mil, but we accept it as normal...

I have owned an SC and no, beyond 25K makes no sense to me either.
I have owned a 356 and no, beyond 35-40K makes no sense either.
I've owned a couple long hoods, and anythign beyond 40K I don't get either.
Etc...

But if you have never owned a speedster and they are 500K or more, well, this is what they are. In isolation if an Early S is worth $200K, then an SC is absolutely worth 30-40 ! despite the production numbers. It's pretty close in feel and performance (not identical but as close as you're gonna get for the $)

It gets funny (and somewhat self regulating) when you hit modern cars - the cayman mentioned above is a great example ! A 20-30K cayman is a lot of car vs an SC and I would not think twice about getting that over an SC if it had an IMS fix (it doesn't) or the later engine without IMS. Or a 912....

That's the car I sent you the dash fascia plate for.

If anyone runs across a 20K hot rod let me know
Other then that the cayman looks too inviting.

THAT is some impressive memory! I joined Pelican when I bought that car. I also recall Vash going above and beyond to get me a new door handle in SF, and Kurt V offering to drive from central MO to help with my first engine drop due to a broken clutch pivot pin.

$30K car these days is a nice driver 912, in terms of long hoods.
70 911T in decent shape, not concours, I'd guess 40-55 or so... Wish I was kidding, too..

I wish some buyers of $25K-$30K SCs would chime in on this thread. I am keenly interested in their perspective.

My first Porsche was a 70 911T, Orange with bad leather on the seats. Came off the throttle in a turn and spun it out into a center divider. Creamed the panel in the back and bent the left rear suspension part. Used to be a recycler in Berkeley. Got the parts for about 40 bucks, had a paint store make me a spray can of closely matching paint, and was back on the road. Valve guides were worn, and traded it in on a brand new 1982 RX7 for $3500. Ended up selling the RX7 for $1500. Yup,,,I made some good decisions back then!