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Old 11-30-2012, 10:39 PM   #16 (permalink)
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Quote:
Originally Posted by Asm109 View Post
I beg to differ.

In 2000 I was looking for a toy.
I could have bought a Maserati Ghibli or a Ferrari 330GT for about 40k in #3 condition.
That was beyond my pocket book.
I bought a Sunbeam Tiger for 20k.
Today the Sunbeam is a 40k car.
Those model Maserati and Ferrari's are 100k cars.
The thread is about coupes, not fancy or more desirable cars.
There is a BIG difference about $$$ appreciation as you just mentioned...
Lynn
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Old 11-30-2012, 11:00 PM   #17 (permalink)
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I was responding to the comment that the oughts were a lost decade and everything was flat. Some cars were flat to down. But not everything.
As always quality cars will do better in the long haul.
Still not selling my 66 coupe tho. Its my first car and I am the second owner.
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Old 12-01-2012, 12:29 AM   #18 (permalink)
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Quote:
Originally Posted by LynnBob 65 Mustang View Post
The thread is about coupes, not fancy or more desirable cars.
There is a BIG difference about $$$ appreciation as you just mentioned...
Lynn
+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.
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Old 12-01-2012, 09:10 AM   #19 (permalink)
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Originally Posted by IMCOBRA View Post

If you bought your Mustang for an investment than it was probablly a mistake. If you bought your Mustang because you love cars than you are way ahead of the game.
Couldn't have said it better myself...
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Old 12-01-2012, 10:19 AM   #20 (permalink)
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For run of the mill Mustangs, it's like they say about Racing Teams. "How do you make a small fortune, start with a large fortune." I have far more in my car than I could sell it for but just enough to enjoy the hell out if it!
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