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I wonder if it's a bubble or not, seems impossible to sustain the upward movement.
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Interesting question. Early 911s can exceed the cost of a new 991, so there's a lot of focus among Boomers and Gen-Xers who have wanted a 911 for years (or decades) on the relatively affordable SCs and G50s, which brings us back to the OP. So long as the stock market stays up and real estate continues its recovery, maybe people are feeling that they have delayed gratification long enough and that a few thousand bucks more or less really doesn't matter if that's what it takes to finally get a decent 911. The average fungible new disposa-car is now over $30,000 and depreciates over 50% by the time it's paid off, so the notion of spending $30+ on a classic car that's durable, fun to drive and holds it's value just adds fuel to the fire. Add in European buyers pulling cars out of the US and the supply continues to dwindle. Sustainable? Who knows, but the OP's rationale strikes me as sound. Well played, Sox Fan!