Quote:
Originally Posted by McLovin
Any time any thing or asset class doubles, triples or quads in a few years after many years of stability, it's always a bubble and it always pops, history shows that to be true 100% of the time.
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That may be, but 911 prices were suppressed for a few years. Not realistically priced, but suppressed. People needed money, and were letting them go cheap. Things would have to be pretty bad to see 10K runners again, and people who can hang on aren't going to sell really nice cars when times are like that.
Some people will always buy high and sell low. Others will never sell low, even if they bought high and prices dropped. Are people paying too much for the wrong cars now that good cars are worth more ? Yes. Are good cars really worth more over the long haul ? Sure, the really good ones are. Prices right now would be the only thing shaking them out of the trees. If things get bad again, you can believe the good ones will hang on the vine again, and not come out for sale until the time is right.
Prices for the best IB cars never really dropped, even through the recession. Maybe they didn't go up, but they didn't really drop either. The turbos were Icons in the day, and cool as heck now. The people I work for have real funds and vast appetites. The value graph may jog up and down over time, but the overall picture is ever upward. Again, there were those who thrived through this whole period. This is their time, and these are their cars.