Quote:
Originally Posted by Nick Triesch
It is really very easy. When the American housing market is good classic cars, collectables and high end watches sell like hot cakes.When the housing market cools then all prices go down. Way down. So just watch Zillow from time to time. While not perfect it will give you an idea of how things are going. Our San Diego finance guy on TV says everything points to a great Summer for Americans buying homes. So I would think it is a great time to sell your classic if you need to. Everything hooks onto home sales. Always.
|
Um, what?
http://www.bloomberg.com/news/2014-05-28/yellen-concerned-by-housing-slowdown-she-has-scant-power-to-cure.html
The housing market has been a large economic concern in recent months with people still lacking the equity to get out of the homes they bought in 2003 - 2006, difficulty obtaining financing, and buyers still wary of the market as a whole (read: lagging demand). It's a gross and erroneous oversimplification to call home sales the sole indicator of luxury good pricing.
__________________
1971 911T w/ a 2.7 (ITBs, EFI, a bunch of other stuff, 2180 pounds with fuel)
2024 Ford Bronco Raptor
Last edited by MrBonus; 05-28-2014 at 05:39 AM..
|