Originally Posted by LynnBob 65 Mustang
The thread is about coupes, not fancy or more desirable cars.
There is a BIG difference about $$$ appreciation as you just mentioned...
+1, the people most effected by the housing crisis were middle/low-middle income range. These would be the people buying 'regular' classics. The rich would rather have the higher end classic and they weren't as hurt, plus even if they were hurt, they still had more than the middle class to begin with.
Example: Look at the unemployment rate. For those with a 4 year degree, it's in the low 4's. For younger college/highschool age people, it's above the national average.
The fact is that some people were hurt much more than others. I myself, wasn't hurt by the housing crisis much if at all. I however know others that were smashed by it. One co-worker lost his house after dumping a bunch of money into it. He'll be out of the classic car market for a while.
One up note is that the 'regular' classics will jump up when(if) things get better. Over the long haul the general trend is upward. More stable for higher end, different set of buyers.