Is the bubble about to burst?
Discussion
m88ony said:
...its always rammed with customers... covered under blankets for handovers.
I think they're just having a laugh, chaps.Will be interesting to see what the next few months bring.
I certainly think there could be a dip in the stock market in the next ~6 months.
Does that mean that money will flood towards cars or people will be selling to get some cash in their pockets?
Either way, I still think 'perfect', limited production cars will be 'fine'.
RVVUNM said:
"1977, the year of the Queens Silver Jubilee, Red Rum won the Grand National for the third time, and Manchester Utd beat Liverpool in the FA Cup Final1977, the last year of the 3.0 version of the iconic 930 Turbo, this car was first registered 7th January 1977, via AFN Porsche, Isleworth, London"
I'll take it, once my eyes dry out
Adam B said:
RVVUNM said:
"1977, the year of the Queens Silver Jubilee, Red Rum won the Grand National for the third time, and Manchester Utd beat Liverpool in the FA Cup Final1977, the last year of the 3.0 version of the iconic 930 Turbo, this car was first registered 7th January 1977, via AFN Porsche, Isleworth, London"
I'll take it, once my eyes dry out
..if you put a bigger turbo, nice cams, intercooler, efi, modern ignition, custom gear ratios, a cage and some nice buckets!
It would be worth about 50k after I finished with it
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.I know my car will not drop, in value it's gone up each year.
aceparts said:
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.I know my car will not drop, in value it's gone up each year.
I do enjoy the car,had it for nine years.
Edited by SEE YA on Friday 30th September 19:22
SEE YA said:
aceparts said:
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.I know my car will not drop, in value it's gone up each year.
I do enjoy the car,had it for nine years.
Edited by SEE YA on Friday 30th September 19:22
mollytherocker said:
SEE YA said:
aceparts said:
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.I know my car will not drop, in value it's gone up each year.
I do enjoy the car,had it for nine years.
Edited by SEE YA on Friday 30th September 19:22
Up or down it does,not matter anyway to me.
It was not why, I bought the car in the first place. It was and still is my dream car.
When the smile goes, it's time to sell.
Edited by SEE YA on Saturday 1st October 11:15
People have been saying the same thing about housing for far longer than this car bubble but one thing has proven true, however insane the prices get or look the value to price ratio is irrelevant all that seems to matter is if there is some other economic driver which will come along and reverse the trend i.e. a much more attractive place to put money or something which will force a substantial section of owners to have to sell up. The fact this thread has gone on for so long indicates that this external influence to change the market just isn't there at the moment and I haven't read anything to indicate yet what this may be (when it comes), all we have had is BS statistical analysis and anecdotal one offs, all the stuff people resort to when they don't have any solid indicators (like gambling on horses using form guides).
Sat opposite hedgie at wedding yesterday who was looking smug after shorting Deutsche Bank. He was adamant that classic car prices (most but not all) are due a major correction, and if he could find a reliable method of taking short positions in the market he would be filling his boots now.
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