Has the corner been turned ?
Discussion
House prices are now falling in most part of the country, especially london (which is heavily indicative of Asian money). The pound is strengthening making foreign investment less meaningful, tougher lending criteria since April have generally slowed the market and buyer confidence has dropped with looming interest rates on the near horizon.
At the same time I also see quite a number of cars hanging around and being price corrected too. A couple of 993RS, lots and lots of turbos, hexagons look like they've done their boll0x on a fair bit of stock, some 964's and whilst i've not looked at F's that much there does seem to be a glut of Strads and Scuderias up for sale and sticking around whereas 4 or 5 months ago there wasn't an example in sight.
Coincidence ? Or will metal now generally start to drop ?
At the same time I also see quite a number of cars hanging around and being price corrected too. A couple of 993RS, lots and lots of turbos, hexagons look like they've done their boll0x on a fair bit of stock, some 964's and whilst i've not looked at F's that much there does seem to be a glut of Strads and Scuderias up for sale and sticking around whereas 4 or 5 months ago there wasn't an example in sight.
Coincidence ? Or will metal now generally start to drop ?
Run of the mill stuff to stay the same or maybe still to rise. Aircooled Turbos have gone sily. RS, well I can't really seem them dropping too much.
The problem with people ranting that 911s are going through the roof very rarely think of what else has gone up like a rocket.
Seriously when you see old Mini Coopers going for 30K plus, an aircooled 964/993/3.2/S.C is a bargain at 25K. I've always wanted an RC30 Honda 750, one of the finest motorcycles ever built, and quite a few they did build. I could have bought one 10 years ago for around 8K, I was offered one the other day for 28K... 28K? Makes a 'standard' aircooled 911 seem a bargain.
The problem with people ranting that 911s are going through the roof very rarely think of what else has gone up like a rocket.
Seriously when you see old Mini Coopers going for 30K plus, an aircooled 964/993/3.2/S.C is a bargain at 25K. I've always wanted an RC30 Honda 750, one of the finest motorcycles ever built, and quite a few they did build. I could have bought one 10 years ago for around 8K, I was offered one the other day for 28K... 28K? Makes a 'standard' aircooled 911 seem a bargain.
"House prices jumped £2,500 in July"
http://www.thisismoney.co.uk/money/mortgageshome/a...
(and no: I havent read the article, and yes: I know its daily mail)
http://www.thisismoney.co.uk/money/mortgageshome/a...
(and no: I havent read the article, and yes: I know its daily mail)
DT398 said:
...They might never be £50k again but they are not £100k!...
Think some dealers have driven up asking prices even if cars didn't trade at those inflated levels.Bit of a correction is no bad thing, but I do think some of the rarer cars that have developed a following will not drop too far.
To your point, how much should a decent 993TT (with say 60k mls) be worth ?
Kananga said:
Think some dealers have driven up asking prices even if cars didn't trade at those inflated levels.
Bit of a correction is no bad thing, but I do think some of the rarer cars that have developed a following will not drop too far.
To your point, how much should a decent 993TT (with say 60k mls) be worth ?
£50KBit of a correction is no bad thing, but I do think some of the rarer cars that have developed a following will not drop too far.
To your point, how much should a decent 993TT (with say 60k mls) be worth ?
There isn't going to be a crash, but there may be a correction, and a few punters will get their fingers burnt.
Some dealers are listing some cars at silly prices - and agree, 993Ts and 996RSs are amongst them.
But, overall, bought wisely,and with the exception of a global disaster, it's an expanding market.
Some dealers are listing some cars at silly prices - and agree, 993Ts and 996RSs are amongst them.
But, overall, bought wisely,and with the exception of a global disaster, it's an expanding market.
aceparts said:
Kananga said:
Think some dealers have driven up asking prices even if cars didn't trade at those inflated levels.
Bit of a correction is no bad thing, but I do think some of the rarer cars that have developed a following will not drop too far.
To your point, how much should a decent 993TT (with say 60k mls) be worth ?
£50KBit of a correction is no bad thing, but I do think some of the rarer cars that have developed a following will not drop too far.
To your point, how much should a decent 993TT (with say 60k mls) be worth ?
Alpinestars said:
jackal said:
House prices are now falling in most part of the country, especially london
Richard, most forecasts for London indicate growth of over 20% in the next 5 years. Alpinestars said:
jackal said:
House prices are now falling in most part of the country, especially london
Richard, most forecasts for London indicate growth of over 20% in the next 5 years. 
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