Quote:
Originally Posted by fintstone
Obviously, I should have invested in longhoods then...but I needed a place to live.
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That is really the big difference. Real estate can actually be useful while you're holding it. A gaggle of longhoods? Well, maybe to some guy in Sheridan, WY, but not to real folks with limited storage.
There has always been the tension for us car guys about the cars we'd like to buy and the means to keep them nice. A couple of years ago, I had a shot at a SWB longhood 912 for $8500. But nowhere to keep it. Sure, I could have parked it on my lawn, but dang, what civilized person does that kind of crap? OK, I could have rented a storage unit and stored it to the tune of $1500 per annum. And now I could sell it for between $20-30k. Sure, I would have ultimately made money. But I'm not a flipper nor a guy who wants to work the arbitrage on collector assets. I like DRIVING. That longhood 912 was actually a pretty sweet machine. And if I could, right now, trade straight across for my 3.2, I would do it in a second. But because I love to drive these cars, I'd want them both, and not sell, no matter what the market.
Along with the two VWs I sold, and the Chevy II that I sold, and the old GMC pickup I sold...
If I had held on to all those cars, I might have a very serious nest egg. But where to keep them? And how to avoid the fact I love to drive them, not store them? LMAO.