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Old 03-07-2019, 02:01 PM
  #61  
phefner
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Thinking another 6-9months sir.
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Old 03-07-2019, 02:04 PM
  #62  
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Originally Posted by 996AE View Post
Waiting for bubble to burst.

A few weeks of DOW dive and these toys will be fire sale prices.
Cool, keep wishing for economic turmoil. Since you know cars will be the only thing impacted
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Old 03-07-2019, 02:07 PM
  #63  
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I have been hearing more advertisements for home equity loans lately. Similar to what I used to hear in '06. CC debt is also at an all time high so we may have another recession brewing.
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Old 03-07-2019, 02:09 PM
  #64  
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The soon to happen recession is real - or so I have been telling myself for the last few years . . . . . .
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Old 03-07-2019, 02:34 PM
  #65  
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Originally Posted by Randy M View Post
I have been hearing more advertisements for home equity loans lately. Similar to what I used to hear in '06. CC debt is also at an all time high so we may have another recession brewing.
Auto loan defaults are up a lot in the past year. I think people have extended themselves a bit.
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Old 03-07-2019, 02:34 PM
  #66  
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Originally Posted by Randy M View Post
I have been hearing more advertisements for home equity loans lately. Similar to what I used to hear in '06. CC debt is also at an all time high so we may have another recession brewing.
That's because the refi business is almost dead due to the higher rates.
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Old 03-07-2019, 02:39 PM
  #67  
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Originally Posted by usctrojanGT3 View Post
That's because the refi business is almost dead due to the higher rates.
RE values are up as well so people want to dip into that equity. I just wish people would learn and be more disciplined. History repeats...
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Old 03-07-2019, 02:46 PM
  #68  
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Originally Posted by Randy M View Post
RE values are up as well so people want to dip into that equity. I just wish people would learn and be more disciplined. History repeats...
It does, especially as time goes by and people forget. I worked in banking in 2008 so I saw it go down first hand and will never forget it.
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Old 03-07-2019, 03:13 PM
  #69  
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Originally Posted by Randy M View Post
I have been hearing more advertisements for home equity loans lately. Similar to what I used to hear in '06. CC debt is also at an all time high so we may have another recession brewing.
This is why I am holding off on upgrading to a .2 GT3 or a 488.
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Old 03-07-2019, 03:14 PM
  #70  
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i dont think we need a recession for prices to come down. I am not a flipper and i will proudly say that i have lost money on every car i have bought. I will wait to buy a GT3 (probably T) when things settle down a bit more. But i think that will be a keeper (kind of an old school, MT, throwback with modern tech). Have no time for more cars right now. The T would not replace anything i currently have.

Bottom line - this frenzy is caused by flippers - they made too many for the 991 GT3 to be a collectible / scarce. Its on its way down.
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Old 03-07-2019, 03:16 PM
  #71  
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I still have friends who have been sitting on the sidelines for 3 years waiting so they can jump in the market. - Imagine that!!!!
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Old 03-07-2019, 03:19 PM
  #72  
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Originally Posted by rodsky View Post
i dont think we need a recession for prices to come down. I am not a flipper and i will proudly say that i have lost money on every car i have bought. I will wait to buy a GT3 (probably T) when things settle down a bit more. But i think that will be a keeper (kind of an old school, MT, throwback with modern tech). Have no time for more cars right now. The T would not replace anything i currently have.

Bottom line - this frenzy is caused by flippers - they made too many for the 991 GT3 to be a collectible / scarce. Its on its way down.
I wouldnt want to buy any car like this when theres a recession. I will invest my money elsewhere because it will probably effect my business a little bit. I like to be prepared and the cars I have are plenty of fun.

There are too many but I am glad. I wish that dealers let people who wanted to order them, order them the way they wanted though.

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Old 03-07-2019, 03:26 PM
  #73  
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This PTS, bucket, 6MT just sold for 20K under MSRP this morning
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Old 03-07-2019, 03:27 PM
  #74  
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Originally Posted by usctrojanGT3 View Post
It does, especially as time goes by and people forget. I worked in banking in 2008 so I saw it go down first hand and will never forget it.
That was an interesting time. I had a lot to do.
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Old 03-07-2019, 03:45 PM
  #75  
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Originally Posted by Buddhamonk View Post
This PTS, bucket, 6MT just sold for 20K under MSRP this morning
Was it sold without a reserve price? If so, the buyer got a good deal.
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