Quote:
Originally Posted by wildthing
As they say in the stock market, "The market can stay irrational longer than you can stay solvent." Hell I'm still kicking myself for not buying a 993 here a few years ago at $45...
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I like that quote very much. Also I fully acknowledge the market is what the market is, and likely for a reason, I am just saying there's an insurmountable disconnect for me now...
I owned an SC for almost 20y. It's a no-frills "agricultural" car that will teach you a lot about driving a 911 and is unkillable (and not particularly quick). Up to $30K allowing for inflation, based on how familiar I still am with it, sure why not.. But IMO anyone paying $50-60K for one aside of sentimental reasons is not entirely right in the head... and yet the market supported it for a while... I owned 2x 912s, IMO the SWB 912 is the sweetest handling car porsche ever made... Sure, but $60K now? nope..
The 993 you cite is a great example also. I had one in the 2003-2005 time frame, bought for 35K, sold for 35K 2y later. Was it pretty ? OMG yes, to date the prettiest 911 in my book. Was it satisfying? it was the most disappointing 911 I ever owned... Interior of an SC, squeaky windshield, always lit up some dash warning light (and I avoided the secondary air ports coking up), too silent, too soft riding, etc... I know, I know, all that can be improved and I'd be happy to do it again tomorrow.... at a 30K price point, but a nice base 993 is what now ? $60K? Plus a $25K rebuild fee hanging over its head and let's not mention the dealer's $250 an hour shop prices nowadays... Whoever spends their hard earned 60K on one and never drove one before, I think, will be a smidge disappointed. Or not.. I would be because I've had one before. Same story on a 100K 356SC - lovely but not at that price. Or a 997.2, same issue. I'm just saying that I'm rediscovering a ton of other brands with fun cars that have NOT ignored depreciation like 911s have and I feel I'd get more for my money there... Porsche seemingly is leaving me behind and thanks to a great job by their social media folks, is becoming more and more an influencer brand and went up 2 steps in the market, closer to Ferrari now (They still make awesome cars but none that depreciate into the reach of my grubby hands anymore).. I had a shot at a couple GT3s in the 05-08 years around 75-80K. Didn't pull the trigger, now $150 minimum (that's way more than just inflation) - different ballgame, I'd rather own a Villa in italy for that $.