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Cars, especially old 911s, are not commodities. They will go down. Then they go up. Then they go down. And prices are not set, so some are up and some are down even today.
It just doesn't matter to most people who are into 911s for the long haul.
One thing is for sure it's not the hobby car it used to be. Too bad.
They take a lot of maintenance. They take a lot of patience. Everything pre-1994 in the 911 world takes a lot of patience. They aren't for everyone, though everyone thinks they want one. However the many who think they want one it becomes an old car that sits and sits and then gets sold on.
I remember the Ferrari market in the late '80s. It was insane. People could see no end in sight. I talked to probably 20 "investors" who were buying everything from 400is, to BBs, to Mondials, to TRs. They were convinced they would all be a million dollars by 2018. They are not. Never will. They are production cars.
Certainly old 911s will go down. Recession or not. It takes so much to own one. Time is one of them, and to some they would rather own a Cayman or a Lexus.
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