Trader220

When did the 2009 recession end? The FED has hiked rates exactly once since then and they backed off of short term aggressive rate hikes right away.

Amber Gramps

To answer that question would land this thread in P&C, and we don't want to go there.

Trader220

That's a good answer, have you considered running for office?

Amber Gramps

My lawyer is telling me to shut up.

Actually, bubble or not, it seems around here that the hobby of modding old Porsches is only getting stronger. Guys are going all-in....and full retard.

kokolyia

997rs4.0

When you buy a multi produced car and expect to make money it's a bubble.

In my fairly short time of following these cars (20 years) I have never seen anything like what we are seeing now.
And I'm specifically taking about new cars. It's all connected to the older Porsches. Can't really put my finger on what started this trend, hen or the egg.
I'm pretty sure we will see a correction in the market pretty soon.

Drisump

I agree....always have some "retard" in reserve.....

Amber Gramps

LOL. Everyone tells me I've gone full retard on my car. Every four months or so I prove them wrong by diving in even deeper. Today was one such day. Finally did a test fit of the heavily modified Sparco Evo III in leather driver's seat. Full retard is coming....but I'm not there yet.

kokolyia

Don't worry there is no full retard with these cars.

cobalt

Did you modify the top width? My Evo II's touch in the center and at the doors and I could not use the center console.

Amber Gramps

Yes, I shaved off the pointed shoulder bolster I think about 1-1/2" on each side of the seats then laid up new glass over vinyl tubing to get a matching shape. They touched the glass and each other in the 911 they were in. And ya, I don't have a center console, or auto-heat, or stock door cards. Plenty of room for pulling the brake and heat levers and the seat can go clear back to and not touch the shoulder seatbelt anchor. Very happy with the results there. Now I just need to lower the driver's seat as much as possible.

73911

The idea of cars as an investment are sort of silly. You have to add up the cost of maintaining and storing a car. Ok, add in insurance as well. Then we have my $10,000 rust repair bill.

I paid $13,000 for my 911. That was decades ago. Hagerty says it should be worth around $50,000. Because is was a magazine car and it was tested by Derek Bell maybe a few more dollars.

I've lost my butt on this car. Add the $13,000 and all my expenses over the last 25 years and I'm really upside down. Nonetheless I've had a lot of fun.

Richard Newton

Adams

The day I saw my first Collector Car Mutual Fund was the day I felt this party was ending.

Enthusiasts rule the front end of collectibility. Investors, speculators, and those on their 3rd drink who've always wanted to be on TV push the backend. Eventually, the collectors get enough of the silliness and cool off. Soon the rest of the crowd decides they were having more fun doing whatever it was before. And it ends. Seems we're about there.

Far as Porsches go, seems they fill a usability quotient that many other collector cars do not. The availability of spares, service, and superb utility help calm many fears, so a broader audience is reached than some of the Italian stuff. Hopefully this will make their price descent less dramatic.

cobalt

What makes you say there will be a descent? I see the good cars still rising and the crap is finally settling back to where it should have been all along.

I said this would happen back when this began and everyone said that my experiences with the 80's grey market could not be applied to what is happening now. It is nearly identical in every way however I don't see the market backing off as much and the value of the quality vs the crap will continue to widen.

I never lost a penny on any early Porsche I owned. Even my 79 SC made me a $1500 profit after three years of ownership; 75k miles of driving and full maintenance in the 1980's.

911Dave

There will never be a descent. These cars have always been desirable and in great demand, and nothing is going to change that. Prices will go through periods of relative strength and weakness generally following the economy, but the general direction will always be UP.