Now I am sure we are at the peak of a bubble! | Page 4 | FerrariChat
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Now I am sure we are at the peak of a bubble!

Discussion in 'Porsche' started by stradman, Aug 11, 2014.

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  1. WPOZZZ

    WPOZZZ F1 Veteran

    Aug 22, 2012
    6,508
    Honolulu, HI
    #76 WPOZZZ, Aug 22, 2014
    It is crazy how prices keep going up and up and up! I'm glad I bought all my 930s years ago and had the time to enjoy them. Now, if you wanted to by a 930, a comparably priced car would be a nice 355, Testarossa or a 360. I think I'd buy the Ferrari instead.
     
  2. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    22,475
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    #77 henryr, Aug 22, 2014
    i posted something on my 94 speedster..... had about 8 PMs asking if it was for sale....

    too much demand....
     
  3. blown daytona

    blown daytona Formula 3

    Feb 6, 2008
    1,679
    maryland
    #78 blown daytona, Aug 22, 2014
    Out of curiosity, I checked asking prices for my 930. I was shocked. With these asking prices, I am seeing late 80's early 90's all over again. If I was smart, I would liquidate my collection NOW. But, I enjoy them too much and don't give a sh?t what they are worth....not for sale :) There will come a time when there are not enough buyers who can afford these asking prices and then it will tumble :(
     
  4. jlonmark

    jlonmark F1 Rookie

    Mar 29, 2005
    3,217
    Beverly Hills, CA
    Full Name:
    Jay
    #79 jlonmark, Aug 22, 2014
    They aint building anymore!
     
  5. stradman

    stradman Formula 3

    Jan 8, 2004
    1,284
    London UK
    Full Name:
    Stradman
    #80 stradman, Aug 23, 2014
    It will happen, absolutely no question about it. Every market in history has always been cyclical. This is no different.
    Its just that nobody knows exactly when it will happen. That's all.
     
  6. CharlesE

    CharlesE Formula 3

    Nov 19, 2007
    1,145
    Johns Creek GA
    Full Name:
    Charles E
    #81 CharlesE, Aug 23, 2014
    what did Richard say?
     
  7. parkerfe

    parkerfe F1 World Champ

    Sep 4, 2001
    12,887
    Cumming, Georgia
    Full Name:
    Franklin E. Parker
    #82 parkerfe, Aug 24, 2014
    True, but I don't that a major correction will not occur for a couple of decades, especially for pre-964 air cooled cars.
     
  8. asianbond

    asianbond Formula 3

    Nov 8, 2003
    1,276
    Full Name:
    Chris
    #83 asianbond, Aug 24, 2014
    who cares whether top or bottom if you own to enjoy the car.

    current bottom is much higher than historical ones, same as how real estate prices will not go back to 70's pricing.

    you want to play you have to pay, or you can wait a decade for a crash that may never happen.
     
  9. stradman

    stradman Formula 3

    Jan 8, 2004
    1,284
    London UK
    Full Name:
    Stradman
    #84 stradman, Aug 24, 2014
    No one I believe is talking about a crash. I agree a crash won't happen and thus we are not going to see a 400-500k F40 ever again. It's just that relative values need to come into alignment again that's all. If you must play now however then you're right go ahead and pay. The problem is, and we know this very well, that many of the people paying at the moment are not doing so to play. They are doing so to invest, and I'm afraid classic cars are not like real estate, so it won't react like real estate.........
     
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