Quote:
Originally Posted by calling911
If I had the working capitol Id be seriously thinking about warehousing a dozen nice examples... thinking about.. not saying I would at this point.
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I am with you. I had a chance to buy a '66 and '69 912 recently at an amazing price. I don't have the time to restore either right now, but I do have dry storage for both. So I bought them, figuring that I could not afford them in a couple years, so might as well jump now.
Who is to say though that the market will stay strong or continue in this direction? It really depends so much on the overall economy and other factors that it's still a "bet" to buy a car just as an investment. I plan to fix up the 912's I bought and drive them, so I bought less as an investment and more as a hedge against higher prices in the future.
Still, with the way things are going right now I would agree with your conclusion to "hold" your current car. I do not believe the time for great prices on the middies has come quite yet, but it could come in the future. But I will stress again, the BEST prices will be for cars that have had the head studs fixed and documented. I have a '75 911S Targa that I am restoring now and rebuilding the engine. I plan to document the rebuild very well so that in 30 years when I sell the car I will get the best price for it. I don't see why a middie with the engine properly fixed wouldn't sell for close to the price of an SC...
Kirk