Is the bubble about to burst?
Discussion
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Spot on. Bloody brilliant, and just how I feel. There really is also nothing better than a euro trip in a 993, so as me you've gone for a 100k plus mileage one, you can drive it for zillions of miles without fretting.Happy days
Edited by Wozy68 on Thursday 7th July 21:26
Just throwing this out to the collective wisdom on here. Lets say you had a £1,000,000 sitting in the bank. Where would you put your money. In the bank you will earn 1% at best. So what would you buy to make that big number work for you. Or would you stick in Income Bonds and play safe
SRT Hellcat said:
Just throwing this out to the collective wisdom on here. Lets say you had a £1,000,000 sitting in the bank. Where would you put your money. In the bank you will earn 1% at best. So what would you buy to make that big number work for you. Or would you stick in Income Bonds and play safe
Non-prime London residential property funded in Euros (expecting EurGbp to drop) Or a LaF Aperta on HP
SRT Hellcat said:
Just throwing this out to the collective wisdom on here. Lets say you had a £1,000,000 sitting in the bank. Where would you put your money. In the bank you will earn 1% at best. So what would you buy to make that big number work for you. Or would you stick in Income Bonds and play safe
maybe physical gold through someone like UBS who can also store it for you. Its not flown up as much as I was expecting but still at a 2 year high. Miles off its 5 year high which I think its heading back to. Important to buy physical rather than an instrument as I also think there may be a shortage of physical gold reserves at some stage which will also help prices. Just a guess and best to do your own research.SRT Hellcat said:
Just throwing this out to the collective wisdom on here. Lets say you had a £1,000,000 sitting in the bank. Where would you put your money. In the bank you will earn 1% at best. So what would you buy to make that big number work for you. Or would you stick in Income Bonds and play safe
As already posted a combination of physical gold perhaps through an ETF, FTSE 100 and 250 precious metals miners and a gold fund e.g Black#### Gold and General. Up respectively 20%, 30%, 60% and 30% just since the referendum......and with all this uncertainty around which will only get worse imo rather a one way bet.anonymous said:
[redacted]
Supply and demand I'm afraid.Relatively 3.2's, 964 and 993 were good value (although still quite expensive to maintain properly if used).
Although a fair number were made, many have been crashed, abused and rusted etc.
Add in an spec to these and what seemed like a big pool reduces dramatically.
- 3.2 Carrera (G50) coupe in silver with black leather
- Manual 964 C2 coupe in silver with black leather
- 993 C2 coupe (Varioram) in silver with black leather
If you'll take a red 3.2, tip 964 or 993 your options open up.
And with reduced supply comes increased prices.
The fact prices started to rise made more people feel it was a safe place to invest/ buy to minimise depreciation.
Prices won't hit 2008-2010 levels as even when the speculators drop out, enthusiasts will pay over those prices to get a good one.
g7jhp said:
anonymous said:
[redacted]
Supply and demand I'm afraid.Relatively 3.2's, 964 and 993 were good value (although still quite expensive to maintain properly if used).
Although a fair number were made, many have been crashed, abused and rusted etc.
Add in an spec to these and what seemed like a big pool reduces dramatically.
- 3.2 Carrera (G50) coupe in silver with black leather
- Manual 964 C2 coupe in silver with black leather
- 993 C2 coupe (Varioram) in silver with black leather
If you'll take a red 3.2, tip 964 or 993 your options open up.
And with reduced supply comes increased prices.
The fact prices started to rise made more people feel it was a safe place to invest/ buy to minimise depreciation.
Prices won't hit 2008-2010 levels as even when the speculators drop out, enthusiasts will pay over those prices to get a good one.
av185 said:
SRT Hellcat said:
Just throwing this out to the collective wisdom on here. Lets say you had a £1,000,000 sitting in the bank. Where would you put your money. In the bank you will earn 1% at best. So what would you buy to make that big number work for you. Or would you stick in Income Bonds and play safe
As already posted a combination of physical gold perhaps through an ETF, FTSE 100 and 250 precious metals miners and a gold fund e.g Black#### Gold and General. Up respectively 20%, 30%, 60% and 30% just since the referendum......and with all this uncertainty around which will only get worse imo rather a one way bet.As for keeping cars and just driving them, and forgetting the 'value', well Amen to that. To which end, just booked my first track day with the 996 and my first trip to the 'ring.
pistolp said:
Call up a handful of dealers and ask them to buy it off you. Then add 20% for their margin, you will be a lot closer to what the real value is. Cars sat on forecourts SOR or that have huge (unrealistic) margins aren't a true barometer for value.
I remember two years ago I agreed to buy a 512TR for 110K that was up at 150k, having offered 100k initially. I didn't buy it in the end as it had just been bought for 90K. Just goes to show the sort of nonsense we have had to put up with these last few years.
It is a brave and probably foolish man that thinks values are going to do anything other than go down from where we are today in the long term. It is all a product of low interest rates blah blah......now I have a few cars myself. One of them is a 4.0 RS, probably worth 350-400k today. Could be 200k in 2y time. But I don't want to actually bet on that as that is close to what I paid, if I am wrong then I lose a car I love. I wouldn't pay that (400K) for it today. No way.
Sorry but it is just laughable that an old snotter of a 993 is up at that much. A really nice one maybe! But each to his own.
my question is will this: I remember two years ago I agreed to buy a 512TR for 110K that was up at 150k, having offered 100k initially. I didn't buy it in the end as it had just been bought for 90K. Just goes to show the sort of nonsense we have had to put up with these last few years.
It is a brave and probably foolish man that thinks values are going to do anything other than go down from where we are today in the long term. It is all a product of low interest rates blah blah......now I have a few cars myself. One of them is a 4.0 RS, probably worth 350-400k today. Could be 200k in 2y time. But I don't want to actually bet on that as that is close to what I paid, if I am wrong then I lose a car I love. I wouldn't pay that (400K) for it today. No way.
Sorry but it is just laughable that an old snotter of a 993 is up at that much. A really nice one maybe! But each to his own.
http://www.jzmporsche.com/porsche-for-sale/911/964...
which is now 'reserved' actually go through at anywhere near £800,000 ?
I think the buyer is insane
WCZ said:
my question is will this:
http://www.jzmporsche.com/porsche-for-sale/911/964...
which is now 'reserved' actually go through at anywhere near £800,000 ?
I think the buyer is insane
Sold AFAIK at close to asking. Insane, probably http://www.jzmporsche.com/porsche-for-sale/911/964...
which is now 'reserved' actually go through at anywhere near £800,000 ?
I think the buyer is insane
If I had a million quid I would be looking hard at making one of those life changing moves, buy a hotel somewhere nice or start that business you always thought about doing. Of course if someone had already done all that and still has a million quid then congratulations as you have truly won at life.
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