When the bough breaks.. stock market, housing, collector car

Wait until the new owners find out what home insurance costs are. Houses are closer together than even my house/neighborhood.

 

I always think of it as more of an obsession than a hobby, not that it gets any cheaper that way...

 

Oxymoron - classic car ownèr can't be good with money and own a classic car, can he? Maybe a few but not many.

 

I know you can't be a classic car owner, and a drug addict.
No money left to buy drugs with

 

A friend of mine who owns a local small brewery can't manage to get enough staff to be open 7 days a week, like always. He's been forced to close on irregular days because of lack of staff... the place is booming, tons of ppl coming in and eating/drinking but he can't stay open because he has to give ppl days off and there's not enough staff to cover that.

 

Haha! I was thinking the same as I was typing that!

 

The real trick is when you have multiple classic cars and trying to be good with money. It's like handing out allowance to your children trying to figure out who gets $5 and who gets $10, lol

 

Every asset class I brought 10 years ago is worth more today and 10 years from now will be worth even more. I dont think anyone will be selling there home or Stage1 for half price in 2031.

 

I've read a few times that as boomers pass on muscle car prices will begin to fall as the market gets flooded with "dad's old car". Makes sense to me...

 

Have model T, and also Model A prices fallen significantly??

 

Weres the flooded Dusenburg Auburn market at today?Yeah junk model T' s you can keep em .The desirable top dogs of today will be even more down the road .Take a look at 80-90' s collecter cars there going crazy GN' s TA's Supras I Just saw some Acura Integras break $50000.A totally wasted rotted out 57 fuelie belair $57000 I tought I was gona steal it for $7000.. LOL

 

Supply vs demand. It's inevitable. More cars will hit the market than ever before by motivated sellers as the interest in muscle cars by the youth wanes more and more everyday. They won't be worthless but they will drop. The market will dictate how much.

 

Like he said but in the meantime enjoy the ride. Better than burying your head in the sand!

 

Model A prices have dropped significantly. it's not hard to find a beautifully restored one for 13 to 15 thousand.

 

Yes. Prices for most of the common cars from the 20s and 30s have fallen off a cliff. True classics are flat; - they're mostly furniture and seldom trade hands and when they do, it's usually privately. Things like Packards which used to be a good blue-chip car are pretty flat. Basically the tougher the car is to drive, or if it won't keep up with traffic, the less it's worth. They're also expensive to restore and require craftsmen, something that doesn't exist any more. The market for those cars is dwindling.

 

Blue chip collector cars will always retain and rise in value.

 

Since the covidhoax for the past year , people are leaving the high tax states of New York, New Jersey and other northern states and are moving to Florida in droves. The demand for housing and commercial property is at an all time high which has doubled and tripled property prices around central Florida. Every empty field or citrus grove are being bought up and hundreds of new homes are going up all over the place along with million sq ft distribution warehouses. It's sickening. The average local can't buy anything. Greedy real esate scumbags are putting homes up for sale and raising the price the very next day by 50-100k . NY and NJ people can sell their craphole house for 800k and move here to buy the like kind home for 250k . But so many are moving here that vicious bidding wars are happening.Of course the seller and especially the broker love this. Every road around my area is flooded with hoardes of people going no where . Huge traffic jams clog the highways every day now. Now we have thousands of northerners moving here every day.I have to pack up and leave. I can't stand it.

 

Compared to what, and at what point in history? We never had to try to figure out the value of a 69 Camaro in 1929 economy.
We've never been where we are at right now with a pandemic, inflation, this many people unemployed/under employed. Automakers cowering and conforming to the brain dead powers that be about going electric,etc.

What goes up, MUST come down.......and it will!!
I see what you're saying, but I respectfully must disagree.
Things might continue to rise for a bit longer, but it's going to crash and turn around at some point, readjust prices on everything.

 

I don't see Duesenberg prices coming down . 1st gen Camaro prices are not going down, but UP. Have you seen what '71-'76 Impalas and Caprices are going for these days ? Especially convertibles. Outpacing 1st and 2nd gen Camaro prices.

 

Maybe since you know what is going to happen you could actually put your money where you mouth is and short the market.