Are prices really as high as they seem?
General Discussion
I'm hardly seeing any ads for Oldsmobiles under 20k anymore. Is it inflation? Are they just getting harder to find? It almost seems impossible to get into the hobby without having a good chunk of money now.
yes they are ... and in spite of some die hard believers , in another few years when the boomers pass and the X'ers ( all the ones who drove these cars as teenagers ) pass , lots of expensive personal storage space will have to be cleared and the market will adjust . Most of these 25k cars , should be closer to 1/2 of that . This hobby was never about recouping your " Investment " ; With that , i'll be grinning when the speculators take their WELL DESERVED HIT .
Basil wrote:yes they are ... and in spite of some die hard believers , in another few years when the boomers pass and the X'ers ( all the ones who drove these cars as teenagers ) pass , lots of expensive personal storage space will have to be cleared and the market will adjust . Most of these 25k cars , should be closer to 1/2 of that . This hobby was never about recouping your " Investment " ; With that , i'll be grinning when the speculators take their WELL DESERVED HIT .
I can see this happening as well. It will be interesting to see!