For those who think there is a collector car bubble

[bcgreen]

Obviously people are quite busy bidding these cars up, for how long is anyone's guess but we all know there is a max. point
I don't know where people stand,, so maybe a poll might answer.

[roblav]

There seems to be an "everything" bubble. I believe fueled by inflation, artificially low interest rates, and slow logistics. There's also a lot of deep pocket people out there buying up hard assets as a hedge against failing fiat currencies. Personally, I believe this will continue for a while.

[juanbenae]

ever met this guy? http://forums.pelicanparts.com/search.php?searchid=23551906

he does not agree with you... that's his thing though.

[Nick Triesch]

In San Diego, the housing market is still hot. Really hot. Porsche sales may hook onto that. Very little house inventory, lots of demand. Experts don’t see it changing anytime soon. Small 1400 square foot homes are selling for $750,000! For cash. So why would P cars go down?

[Matt Monson]

Originally Posted by Nick Triesch

In San Diego, the housing market is still hot. Really hot. Porsche sales may hook onto that. Very little house inventory, lots of demand. Experts don’t see it changing anytime soon. Small 1400 square foot homes are selling for $750,000! For cash. So why would P cars go down?

Nationally we have a housing shortage, with 5.5 million fewer homes than needed. We have no such issue with cars…

[NYNick]

Originally Posted by Matt Monson

Nationally we have a housing shortage, with 5.5 million fewer homes than needed. We have no such issue with cars…

I've often wondered what would happen if we used all those empty second and third homes that people own, to capacity.. Guess that's why Air BnB does so well.

I'm guessing there are millions of empty second houses and condos sitting vacant at any given time.

[Matt Monson]

Originally Posted by NYNick

I've often wondered what would happen if we used all those empty second and third homes that people own, to capacity.. Guess that's why Air BnB does so well.

I'm guessing there are millions of empty second houses and condos sitting vacant at any given time.

There are, but the guy working in the Amazon warehouse in Aurora can’t commute from Steamboat Springs.

[silverc4s]

Worried folks living in Asian Rim countries are buying US west coast properties. Two reasons: good place to stash value. Good place to escape to, whenever.

They have no need of any car, Porsche or otherwise.

[cassisrot]

Originally Posted by Nick Triesch

In San Diego, the housing market is still hot. Really hot. Porsche sales may hook onto that. Very little house inventory, lots of demand. Experts don’t see it changing anytime soon. Small 1400 square foot homes are selling for $750,000! For cash. So why would P cars go down?

Denver is hard to look at. My son just sold an 800 sq ft hovel in the DU area for $750,000 cash, no realtor.

[Matt Monson]

Originally Posted by cassisrot

Denver is hard to look at. My son just sold an 800 sq ft hovel in the DU area for $750,000 cash, no realtor.

I just refinanced my house out near Ft Collins. The appraiser said it’s worth twice what I paid 8 years ago.

[Major Dad]

With inflation going up, the increase in value of classic cars has to follow suit or better.

[mrbeverlyhills]

Automotive is an asset class you can at least have some fun with, hopefully we can still buy gasoline in 10 years. Cars get "discovered", the 964, the M3-same thing happened to muscle.

For housing, people are buying but so are hedge funds, let's see what happens when rates go up a couple of points; there are currently hundreds of thousand mortgages in arrears. The hedge funds will snap up the foreclosures all the while funded by the very banks that lent the mortgages. They currently own tens of thousands of homes they rent out, this will only increase in the biggest asset swap of all time. We will be a nation of tenants, a return to feudal times.

[creaturecat]

average 'hood, here.
compliments of a finely tuned money laundering system - world famous, actually.


November stats, Cdn pesos:

[ab1752]

Originally Posted by creaturecat

average 'hood, here.
compliments of a finely tuned money laundering system - world famous, actually.


November stats, Cdn pesos:

Which one? We are on the North Shore, and it's ridiculous over here. Even more so since the pandemic seems like lots of people aren't afraid of the bridges anymore. I can't wait to move out of the lower mainland.

[bcgreen]

Originally Posted by creaturecat

average 'hood, here.
compliments of a finely tuned money laundering system - world famous, actually.


November stats, Cdn pesos:

When I was a kid the houses were affordable for the citizens of BC. When the people from Hong Kong came to BC that's when people like me growing up there couldn't afford a house any more.