Quote:
Originally Posted by ramonesfreak
never once in my life have i ever bought anything with the idea that it would go up in value someday, except for my house
I buy the things I want for whatever reason (i like it, i want it, i need it) and always buy the best quality example of whatever it is
But then again, I have never had the luxury of having so much money that I dont know what to do with it causing me to invest in items of personal property for the purpose of diversification
Have many of the things I bought increased in value? Yes definitely. But since I dont consider it an investment, what difference does it make?
For example, I collect vinyl records. Many of the records I have were bought for $1 (dollar bin) 25 years ago and they are now worth $20 to $30 each. I didnt buy them to invest and I have no intention of not listening to vinyl ever in my lifetime so they are not going to be for sale. When Im dead, my wife will either toss my 40 years worth of collecting to the curb or have another collector purchase the entire collection for pennies on the dollar and that guy will be the one who makes the money
I have always thought people who bought beenie babies, or other such trash that had no real interest to them, as an investment to be, well......very strange with no real interests in life
My opinion is different if you are in fact in the business of collecting stuff you are not interested in because you know it to be appreciating in value.....like the American Pickers guys and other antique dealer types i know. Thats totally different and I understand that
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This!
I don't ever buy some THING thinking it will be a great investment. I bought my 911 because I fell in love with air cooled 911s back in the 1960s when I saw the first one.
I CHOSE to by a Carrera because it is modern enough for me to drive to any paved road in the lower 48 and comfort, yet a fun toy I can take to the track and scrub off that excess rubber on the tires and have the most fun possible in a car that I can have with my clothes on.
The simple fact that it is way over doubled in value is just a bonus. It is not going t be sold until I can no longer drive it.
The same thing goes for my house. It is paid for, and not for sale for any reasonable price. I plan to live here until they take me out on a gurney or a wheelchair. My heirs can deal with selling it. My will is made, but I plan to live forever. So far so good.
