Clean 997 Turbo 6spd Coupes are on the up & up. Last of the manual "true" 911 Turbo cars. Doubt any of the 997 GT3, Turbo, or GTS' will go crazy on pricing in the next 5 years, but they all should hold their current values if not increase a tad if our economy holds strong.

The economy is about to go south.

How stable are 997 or 991 GT3 6sp prices?
 

^^^ Yep. I suddenly have a 74 I paid too much for.
Too many are saying the economy is crashing now for it to not happen.
Human psychology is taking over. It’s all I’ve heard from people the last two weeks.

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It's due for a correction but I've been saying that for the past 3 years.

Matt’s word is interesting as I’m sure he says it based on his business. And his business caters to rich guys doing their hobby. So if he says it it could be an early indicator.

Others- pls justify your pessimism

I’m pessimistic about your attitude on this thread.

It goes a bit further than that. My degree is in economics. I pay attention to these things and always have. Without going into the PARF realm, what I will say is that the current movement of protectionist tariffs and trade wars will/is have/having huge impacts. Already my ability to get high grade motorsports steel is hindered. There are supply problems, and I fully expect there to be cost consequences in short order.

Looking at the larger more measurable macros, the signs are there. Here's a good piece that came out just this week.
https://www.nytimes.com/2018/06/25/business/what-is-yield-curve-recession-prediction.html

To me, the writing is on the wall. Our government is meddling in things they have no business messing with and people who don't have a clue what they are actually doing are in charge. We are headed for a fall and it's going to be a big one.

Ther have been forecasts for the last 4-5 years that this correction will be worse than 2008. People have not fully recovered and are still taking equity loans, intrest only loans and the laon defaults on new cars is the worse it's ever been.

We are also on 10 year cycles- so we are due.

I also have a 74 that I paid to much for!!

No reply

MATT - who knew you studied Economics. Another feather in your well rounded life. That said, share some more. What are you doing? Raising cash> Selling stock? Buying X? How can I time this monster?

Should I NOT be buying cars as all these cars will be able to be bought 20% less than today?

I wont say I am worried, but - I am...as I didnt enjoy 2008 as much as others.

Yeah, I have a '75 that I paid too much for...in 2012. And it was $4900 as some of you guys know...and that was a fair price even in 2018 because it's insane how much time, energy and money goes into one of these things that was not maintained and has sat 20 years. I should have bought the SC I was looking at for $9200...

I have a 70 911 that is rusty and likely never to be restored. It will be the last car I own as it is
1) great fun just the way it is
2) has that unrestored aka really great patina
3) all money I add, will never be recovered

Luckily for me it runs great, drives great and looks "interesting to me and some others"

I said economics, not financial planning. You don't want my financial advice. :D

I'm personally putting off remodeling my home and selling it. While it would be a good time to sell before everything comes crashing down, my next house is going to be twice the house this one is. Last time we bought at the bottom, and while our house for sale was down, the house we bought was down even more, so we came out ahead. One can only hope for a repeat. I just know I don't want to pile on the added debt of a home equity home right now.

My big question marks are what happens to my costs and what happens to my customers? I can't do much beyond pay attention to that, not over-manufacture and get too deep in inventory, and adjust my product offerings as the market changes.

You guys ever heard the story of Chicken Little? You all remember PML? If you predict the market will fall, sooner or later you'll be right. Pretty boring stuff.

Me, I'm still investing. LOM, seems WBA is bottoming out right about now!

NYNick

WBA???

And my friend chicken little has been saying it will for a while, so maybe you are right.
NYNick - whats a good stock? WHat are you investing in?

Chicken little is a hysterical raving dumbarse.

Must I teach you stock symbols as well? WBA bottomed Friday or will next week. AMZN's the reason.

If you're up this year you're doing better than most. I'm broadly invested, but still tech heavy.

Interesting discussion... the flattening yield curve is what I find most bothersome. The other issue of note is the steadfast lack of volatility in the equity markets.

Gents

Amazon will eat everyone’s lunch.
Amazon reminds me of GM, they started to buy everything that took to make a car. They bought a AC company,a transmission company, glass company, radio company, spark plug company, sheet metal company, seating company, lighting company and on and on...I worked at Delco Electrronics a company with roots back to Crosby Radio in 1938. And owned 56% of the car market, then management and unions killed it into bankruptcy. They sold there transmission division Allison Transmissions then sold Allison Turbine to Rolls Royce, yes they made jet engines and Locomotive too in LaGrange, IL....it’s all gone...sold AC Delco, sold Inland lighting, sold Muncie transmissions, Hydomatic transmission, sold some very valuable stuff but it’s became too big, poor quality and frankly they made more money just building cars and trucks..but only 14% market share:eek: :o:D

Point is Amazon, buys a pill company, good bye to Pharmacy places like CVS, then they are buying a shipping company, actually they lease vans to independent drivers, I drive one, good bye UPS after spending 21 Billion on shipping last years they said good bye. They have a winning model thanks to the internet and under 40 people.

So I predict the car dealership is next, we do not need it only the service bays, women hate dealers and car buying, most men do too..

So yes we are ready for a crash because debt personal and Federal is over the top with no return

Later

I take it with all the gloom and doom you're all long gold? I assume you also have well stocked shelters for the coming Marshall Law