impact bubble starts to cool?

[SoCalSK8r]

Originally Posted by Matt Monson

But long ago I made a deal with my wife. I don't mix my toy cars with our family finances. I had automotive equity when she met me, and it is the one single thing that wasn't merged when we married.



.

Amen brother, I did the same exact thing and it’s worked out great.


Sent from my iPhone using Tapatalk

[msort81]

http://forums.pelicanparts.com/porsche-cars-sale/1012292-1984-porsche-911-turbo-indigo-black.html

What do you mean it's not 2014 ...
5 consecutive bumps Price reduced 5k to 100k

[mooty]

Originally Posted by ADDvanced

One of my finance guys makes like 200k+ a year. He says cars are not investments.

t.

hum... a finance guy making 200k a year. he is NOT very good at doing finance.

Originally Posted by Matt Monson

But I will never consider them investments. I don't care if I cash my equity out some day. I'm into the cars, not the money, and I'm a boy with his toys. I'm gonna play with them in some form until I die.

yes!!!

[sugarwood]

Originally Posted by Matt Monson

I also really used to be into making a deal. Not so much anymore.
.

Can you expound on this?
I've had similar shift as I've aged, but I curious what drove your shift.
This might be worthy of a new thread.

[Matt Monson]

https://m.youtube.com/watch?feature=youtu.be&v=eH3giaIzONA

[1979-930]

Originally Posted by mooty

hum... a finance guy making 200k a year. he is NOT very good at doing finance.

Maybe it's that he's not a crook spending my money on his wants?
I mean how do you make all that money on 0.25%? You would need $100,000,000.00 under management to make $250k. Not everyone can pull in the big fishes.

[Matt Monson]

Originally Posted by 1979-930

Maybe it's that he's not a crook spending my money on his wants?
I mean how do you make all that money on 0.25%? You would need $100,000,000.00 under management to make $250k. Not everyone can pull in the big fishes.

I think you've confused someone in finance with a money manager or stock broker.

[sugarwood]

Originally Posted by Matt Monson

I think you've confused someone in finance with a money manager or stock broker.

More like a CD rate at the local bank
Nothing to do with finance bro.

[touringmandan]

I think impact bumpers are way cool. I know a chick with nice "impact bubbles", they are cool, as well.
Am I off-topic?

[pmax]

+1

[Patrick3000]

Originally Posted by touringmandan

I think impact bumpers are way cool. I know a chick with nice "impact bubbles", they are cool, as well.
Am I off-topic?

Pictures or it didn’t happen

[ASD]

I was happy to sell my 78 for 35500, and it was flipped for significantly more, then the buyer added
2000 worth of updates, the market is strong on nice sc 's no doubt, I miss mine but it was time to let it go.

[911SauCy]

Originally Posted by ASD

I was happy to sell my 78 for 35500, and it was flipped for significantly more, then the buyer added
2000 worth of updates, the market is strong on nice sc 's no doubt, I miss mine but it was time to let it go.

Seems that things are calming down a bit but the local, excited, buyers who are really jonesin' for a nice 911 seem to be willing to shell out the cash for a nice one when in front of it...a la the flip.

I helped a guy sell a nice '83, paint to sample, 3 years back and he was elated to take $27k. Told him it was being undersold, he was happy to get rid of it. Buyer ended up flipping it with an asking of $38k...

[Macroni]

Miffed as to how this car has not been discussed........

https://bringatrailer.com/listing/1987-porsche-911-carrera-26/

This would indicated a healthy market......

[Macroni]

https://bringatrailer.com/listing/1988-porsche-911-carrera-28/

Let's see if Guards is as valuable.....

[ficke]

It seems to becoming really obvious that people are realizing how much money it takes to take a car with needs to a nice car, 20k engine rebuilds, 10k paint jobs, etc.
So really nice cars with no needs are continuing to rise and people are paying up front for those cars.
Cars with needs are languishing or falling.

The market has gotten smarter and not just buying anything air cooled.

[wareaglescott]

Originally Posted by ficke

It seems to becoming really obvious that people are realizing how much money it takes to take a car with needs to a nice car, 20k engine rebuilds, 10k paint jobs, etc.
So really nice cars with no needs are continuing to rise and people are paying up front for those cars.
Cars with needs are languishing or falling.

The market has gotten smarter and not just buying anything air cooled.

This is a good point. I bought a '79 in May I am restoring. I love doing the work myself but ultimately my end product will have substantially more in it that it is worth. I am ok with that. However I could have very easily spent substantially more up front for a done vehicle that will reasonably maintain its value vs what I am doing where I will end up 10,20, maybe 30k in the hole.
From a purely financial perspective I made the wrong choice but I put value in the experience and fun of building it just how I like it so it is all good.

[JMS935]

Originally Posted by ficke

It seems to becoming really obvious that people are realizing how much money it takes to take a car with needs to a nice car, 20k engine rebuilds, 10k paint jobs, etc.
So really nice cars with no needs are continuing to rise and people are paying up front for those cars.
Cars with needs are languishing or falling.

The market has gotten smarter and not just buying anything air cooled.

I’ve never understood why so many choose to finance a long term project vs just buying the well sorted car to begin with. I’m guessing some of it has to do with preferring to put less down initially and self financing it over time, as in spending the money on the car when you have it, but that’s rarely the financially smart move. I think there’s still lots of dumb money buying these turds, otherwise they’d be far more inline with where they really should be, which is much cheaper. I think many of these turds (project cars) have no value beyond parts cars, yet people still restore them and then end up so far underwater once finished. It’s a strange phenomenon to say the least.

[Sox Fan]

Originally Posted by Macroni

Miffed as to how this car has not been discussed........

https://bringatrailer.com/listing/1987-porsche-911-carrera-26/

This would indicated a healthy market......

Agreed. Wow - not sure if this is a total outlier or represents the top of the market now for an absolutely no excuses G50 coupe.

[nathanbs]

Originally Posted by Macroni

Miffed as to how this car has not been discussed........

https://bringatrailer.com/listing/1987-porsche-911-carrera-26/

This would indicated a healthy market......

No different than standard politics. It doesn’t fit the agenda of a cooling bubble. Thanks for opening the window as it was getting stuffy in here