Yep you're right, he's nuts and there is no cure for him however, we are all a little daffy if we play with these old cars; some more dingy than others. I think car clubs are more about support groups than car clubs.
Did anyone read the rest of the article? Part of it is 'cut and pasted' below.
One Last but Huge Caveat
There is one key characteristic that collectible-car markets and stock markets have in common: Prices go up, and prices go down. On this score, investors beware.
For example, a crash occurred in the market for classic American muscle cars just before the stock market meltdown of 2008 to 2009. There was a huge run-up in prices in the 2000s for Chevrolet Chevelles, Dodge Chargers, and other ’60s-era midsize cars with monster V-8 engines that were abandoned or mothballed during the gas-crisis years. Then, in 2008, muscle cars went around dead man’s curve and valuations drove off a cliff. Hagerty's maintains a Muscle Car Index, similar to the Blue Chip Index. It fell 38% from its high in 2007 to a low in 2010. Today prices have rebounded somewhat, but they are still 30% below their previous highs, per the Hagerty index.
Read more at http://www.kiplinger.com/article/cars/T009-C000-S001-wise-investments-in-collectible-cars.html#5Yw1MhVMKyMrofdk.99
Lost in the 60s said
Jan 16, 2014
dashboard wrote:
Yep you're right, he's nuts and there is no cure for him however, we are all a little daffy if we play with these old cars; some more dingy than others. I think car clubs are more about support groups than car clubs.
Did anyone read the rest of the article? Part of it is 'cut and pasted' below.
One Last but Huge Caveat
There is one key characteristic that collectible-car markets and stock markets have in common: Prices go up, and prices go down. On this score, investors beware.
For example, a crash occurred in the market for classic American muscle cars just before the stock market meltdown of 2008 to 2009. There was a huge run-up in prices in the 2000s for Chevrolet Chevelles, Dodge Chargers, and other ’60s-era midsize cars with monster V-8 engines that were abandoned or mothballed during the gas-crisis years. Then, in 2008, muscle cars went around dead man’s curve and valuations drove off a cliff. Hagerty's maintains a Muscle Car Index, similar to the Blue Chip Index. It fell 38% from its high in 2007 to a low in 2010. Today prices have rebounded somewhat, but they are still 30% below their previous highs, per the Hagerty index.
Read more at http://www.kiplinger.com/article/cars/T009-C000-S001-wise-investments-in-collectible-cars.html#5Yw1MhVMKyMrofdk.99
Good thing I didn't buy my cars to flip for profit. I could still sell most of them for what I have in them with the major exception being the GTO. For starting out with a $1500 car, imma gonna lose my tail when that one leaves...
SShink said
Jan 17, 2014
Kevin, from the subject of this post, I'm guessing you are ready to pull the trigger on the next 'project'....?
And, I'm guessing you are watching the Barrett Jackson auction on TV this weekend to watch the prices?
dashboard said
Jan 17, 2014
SShink wrote:
Kevin, from the subject of this post, I'm guessing you are ready to pull the trigger on the next 'project'....?
And, I'm guessing you are watching the Barrett Jackson auction on TV this weekend to watch the prices?
Hope the link works. Be sure to check out number five, maybe he's not so crazy after all.
http://editorial.autos.msn.com/collectible-cars-with-enduring-value#1
Huh, see, getting in on the ground floor. Value can only go up...
Be going to get the Corsa from CO on the 23rd...
No, he's still crazy.
Thank you,
Thank you,
Thank you very muuuuuuuuuch...
Yep you're right, he's nuts and there is no cure for him however, we are all a little daffy if we play with these old cars; some more dingy than others. I think car clubs are more about support groups than car clubs.
Did anyone read the rest of the article? Part of it is 'cut and pasted' below.
One Last but Huge Caveat
There is one key characteristic that collectible-car markets and stock markets have in common: Prices go up, and prices go down. On this score, investors beware.
For example, a crash occurred in the market for classic American muscle cars just before the stock market meltdown of 2008 to 2009. There was a huge run-up in prices in the 2000s for Chevrolet Chevelles, Dodge Chargers, and other ’60s-era midsize cars with monster V-8 engines that were abandoned or mothballed during the gas-crisis years. Then, in 2008, muscle cars went around dead man’s curve and valuations drove off a cliff. Hagerty's maintains a Muscle Car Index, similar to the Blue Chip Index. It fell 38% from its high in 2007 to a low in 2010. Today prices have rebounded somewhat, but they are still 30% below their previous highs, per the Hagerty index.
Read more at http://www.kiplinger.com/article/cars/T009-C000-S001-wise-investments-in-collectible-cars.html#5Yw1MhVMKyMrofdk.99
Good thing I didn't buy my cars to flip for profit. I could still sell most of them for what I have in them with the major exception being the GTO. For starting out with a $1500 car, imma gonna lose my tail when that one leaves...
Kevin, from the subject of this post, I'm guessing you are ready to pull the trigger on the next 'project'....?
And, I'm guessing you are watching the Barrett Jackson auction on TV this weekend to watch the prices?
Getting closer.