Is the bubble about to burst?
Discussion
Wozy68 said:
Why should anyone on here give a damn? Are we not mostly enthusiasts?
You buy a car and enjoy it and spend zillions on it to make it better or just keep it up together. Life's just so short, only fools or is that just really shallow people buy cars for investment potential only.
My aircooled 911 has been sat in the rain for the last few days. Do I give a damn. Nope, it's a car and I bought it to enjoy driving it.
Who gives a damn about China? If it's worth nothing tomorrow then so be it. I'll still enjoy driving her to the day I might may have to sell her. Loss or no loss.
With you there, whatever it's worth won't change the car or the driving experience in fact the more they are worth takes out the enjoyment IMO. Look after it drive it what will be will be. Fortunate for most of us "enthusiasts" we bought them when they were affordable. You buy a car and enjoy it and spend zillions on it to make it better or just keep it up together. Life's just so short, only fools or is that just really shallow people buy cars for investment potential only.
My aircooled 911 has been sat in the rain for the last few days. Do I give a damn. Nope, it's a car and I bought it to enjoy driving it.
Who gives a damn about China? If it's worth nothing tomorrow then so be it. I'll still enjoy driving her to the day I might may have to sell her. Loss or no loss.
No one can call when this will happen , in the same way no one knew the FTSE was going to drop so aggressively today - but I bet it will at some point . However , what I also bet is that that will then recover to a position that's significantly stronger than now - this cycle may take more than a decade , but the fundamental fact is they are not making anymore and they are highly desirable things and as such when the world is wealthy and people see them rising again they will flood back in. But hey , mine are cars , not investments so I don't care either way - I just like driving them 
Regardless of what happens on the stock market in NYC or in China I'm convinced there's enough folk kicking around in the UK with 30 or 40 odd grand in the bank who would like a nice 964 or 933 should one become available.
As per the above comments -I could not care less if the price plummets- it would just mean I'm less precious
about my 993.......if you bail out now and take the profit how happy does the dough make you? Where else would the money bring more satisfaction? I'm just mad about 911's - do I take the profit and buy a Lotus Elise or a Noble when actually I'd just prefer a 993 all along!!
squirejo said:
Meh physical assets are getting more attractive as a diversification ploy day by day.
Rates will be on hold forever, ECB will have to buy equities.
Lever up, enjoy life, go for a drive.
I am thinking more about demise of big overs on 991 GT3s and Range Rover SVRs etc rather than blue chippers like your steed.Rates will be on hold forever, ECB will have to buy equities.
Lever up, enjoy life, go for a drive.
Robbo66 said:
+2 ...Same yadda yadda from same 'experts' at every given opportunity, desperate isn't it.
You know what it's just amazing how the content on PH has changed in the small amount of time I've been using it , it started off all technical , pictures of lovely Porsches old and new , driving stories , even the constant innocent talk of stitching colour is preferable to this obsession with values , deals and cash - I realise this thread is dedicated to values and I should not look at it if it bothers me , so it's my own fault , it's just all a bit vaciuos and slightly odd - all just MHO obviously Wozy68 said:
Why should anyone on here give a damn? Are we not mostly enthusiasts?
You buy a car and enjoy it and spend zillions on it to make it better or just keep it up together. Life's just so short, only fools or is that just really shallow people buy cars for investment potential only.
My aircooled 911 has been sat in the rain for the last few days. Do I give a damn. Nope, it's a car and I bought it to enjoy driving it.
Who gives a damn about China? If it's worth nothing tomorrow then so be it. I'll still enjoy driving her to the day I might may have to sell her. Loss or no loss.
I thought that was quite obvious. Cars we love have become commodities rather than things to be enjoyed.You buy a car and enjoy it and spend zillions on it to make it better or just keep it up together. Life's just so short, only fools or is that just really shallow people buy cars for investment potential only.
My aircooled 911 has been sat in the rain for the last few days. Do I give a damn. Nope, it's a car and I bought it to enjoy driving it.
Who gives a damn about China? If it's worth nothing tomorrow then so be it. I'll still enjoy driving her to the day I might may have to sell her. Loss or no loss.
Yes we are enthusiasts and the current price rises have been driven by speculators (non-enthusiasts).
Some enthusiasts won't be able to afford relatively run of the mill cars, others like myself aren't willing to buy at these inflated prices as we don't want to lose our hard earned cash.
There are some who believe it's not going to burst due to low interest rates and a pent up demand for all things aircooled/GT3. Whilst the other thought is once the speculators start offloading we'll see a drop to a level of normality.
I believe we will see a correction, but it a gentle drop for certain models where there is demand.
A lower cost of buying these cars would simply allow enthusiasts to experience a wider range of cars, which is surely what we all want - more people driving their cars.
Like houses prices only really matter when you're buying or selling.
If you have a car and enjoy driving her, carry on and ignore this thread.
squirejo said:
Meh physical assets are getting more attractive as a diversification ploy day by day.
Rates will be on hold forever, ECB will have to buy equities.
Lever up, enjoy life, go for a drive.
Having seen what has happened in China I suspect the ECB might keep its hands in its pockets. Market support just seems to have wasted billions. But I am a doctor and you are the banker so no idea what I am talking about.Rates will be on hold forever, ECB will have to buy equities.
Lever up, enjoy life, go for a drive.
You only have to see the increase in collectors cars and glass box housed cars to understand that these high value motors are now investments only, not items to enjoy (apart from looking at them). They are being traded as commodities which sadly means less on the road. I'm all for buying rare/limited objects, but would never buy at over list, but sadly with how GT Porsches now are, you can rarely get in at the beginning.
Out of interest, for those of you that actively invest (successfully), given the current economic climate, where would you be putting your money right now if it wasn't in cars? And following on from that, where would you be putting your money during a significant downturn similar to 2008? Serious answers please, looking for guidance I can then research off.
Out of interest, for those of you that actively invest (successfully), given the current economic climate, where would you be putting your money right now if it wasn't in cars? And following on from that, where would you be putting your money during a significant downturn similar to 2008? Serious answers please, looking for guidance I can then research off.
Edited by mdianuk on Tuesday 25th August 10:45
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