I come to this section every once in a while to check on Countach, Diablo, Murcielago threads. Funny to see how everybody is speculating the Diablo now that the Countach has gone up so heavily. I wonder if the market is just hyped up (definitely up but not 50% or 100%)...if we want to see evidence of this just look over in the 348/355 threads where people are wishing the cars to go to $100K and yet there's day to day evidence of cars selling at $50K as they have been for a while. Can't compare that car to the Diablo but the people euphoria is the same.
the 1999 Roadtser bid to $295 and not yet met reserve is nothing but shill bidding at its finest. 6 months ago anyone would have sold that car all day long. $295 for that car in today's money is fantastic money and the seller should let that go, asking over $400k today is just greedy. I love the Diablo as much as anyone, having 2 already, but these are not $400k cars, theybare $295 all day long!
6 months ago is 6months ago. There's no greed here but supply and demand. How many Diablos are out there? ..and only 212 US Roadsters. A Diablo is the last of the low production cars. I'm not just feeding into the hype.I have a Testarossa and while it's going up, it just not the same level of car as the Diablo. While older it can still keep up to pretty much anything out there. Your 400k Dino is a pretty car but it's SLOW and won't push you back in your seat with every gear change like a V 12 Diablo! Shamile Freeze. ..Miami Vice!
I'd like a Diablo because I missed getting a countach. That silver VT with red is nice but to much? same as the blue 91? who knows
Would you rather buy a 25th Countach or a Diablo (which I would argue is in every conceivable way more desirable than a 25th - Note I am not saying more desirable than pre-25th Countachs, I am speaking specifically about 25ths). Look at the pricing on 25ths and then look at any Diablo price. Low production Diablos should be > 25ths in pricing all day long. It is common sense in my view... 25ths are $350K-$400K cars right now as far as I can tell.
I know you're kidding but I wonder if the reflected higher prices for even those Ferraris is pushback from all the paddle shift, traction control electronic everything of the latest F and L cars. Shamile Freeze. .Miami Vice!
I think it is, sure; new cars are fast by all specs, but I see that if you consider your F-car or L-car as an weekend driver, I would not want a car that is like my daily driver, only faster.
Another stunning 6.0, where the heck have all these cars been hiding? Lamborghini Diablo 6 0 VT | eBay
[QUOTE=ferraribooks; Another stunning 6.0, where the heck have all these cars been hiding? their '99 yel/blk roadster with 1,300k miles listed $499k Hey Roy, your $100k lite! (approx. $12k per 1k mile price differential) Love that Pearl Orange....what a pair these would be in the garage.. Jack
This is not true in the slightest. Mortgages are absurdly easy to come by. Rates are low, and underwriting criteria has loosened greatly in the last 2 years. Lenders are back to doing 560 ficos, no down payments, gifted funds, and spotty credit and job histories. With rates so low, the appetite for risk in the secondary market has increased dramatically. The only thing that hasn't returned is high LTV no-doc or stated loans (though stated and no-doc are certainly back sub 80% LTV). Don't confuse having to provide documentation with the mortgage market being 'difficult'. BTW, I'm a mortgage underwriter, and the products and guidelines I see on the market today scare the crap out of me.
Thank you for this dose of reality. A good friend of mine the past 17 years is a Senior Mortgage Underwriter who echoes similar sentiments.
unless u consider Bernanke a really bad credit You Know It?s a Tough Market When Bernanke Can?t Refinance - Bloomberg Business
+1 As they say, "all things are local" I live in Florida and there was a news piece on the foreclose crisis in Florida on PBS last night. They talked about how the banks will still not modify loans and how that there is still a large shadow inventory off the books still pending. They talked about the continuing tight credit and how getting a mortgage was very difficult. ...even with good credit., forget about marginal credit. My company provides aluminum ADA handicap ramps to all those modular buildings across Florida. We are not doing any housing sales centers but mainly business and medical related expansion projects....meaning the business "haves" are the ones with the money while the retail customer are still "the have nots" We are a leading indicator company and can tell you what construction is going on at the time in Florida....it's not single family home construction. Oh, and don't tell me about the super hot Miami market. That's being fueled with foreign cash funds.....on the high end. Shamile Freeze....Miami Vice!
These days you never know The reality is, different people will see reality differently for different reasons.
That article doesn't give the LTV, or speak at all to his Debt ratio or other factors. It's a sensationalist piece with very little in the way of facts. Although there is this one: "They refinanced again on Sept. 26, 2011, taking out a $672,000, 30-year, fixed-rate loan at 4.25 percent." Boohoo, he had to pay 4.25% on a 30 year fixed rate Jumbo loan. My heart goes out to him. It must have been so difficult to get that mortgage. And regarding regional factors, the only ones that really exist are home values. Fannie/Freddie don't change their program guidelines significantly based on your state (well, except Texas, but Texas is crazy). Finally, regarding reality, the reality is that as someone who has been underwriting mortgages for 20 years, money is cheap and plentiful. And risk abounds. I am required to approve mortgages every day for people that I wouldn't personally loan $20. Here's just one example (out of hundreds) of loan products getting out of control: http://carringtonwholesale.com/wp-content/blogs.dir/2/2015/02/FHA-Standard-and-High-Balance-Matrix.pdf
Anyone here know what happened with or buy the the yellow Roadster that was advertised for 499k? It was on eBay for a week then it disappeared and not on cars.com either. Shamile Freeze. ..Miami Vice!
