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Confessions of A Car Flipper

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Old 09-23-2017 | 06:41 PM
  #31  
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I'm going to have to agree with orthojoe on this. I understand it is capitalism, etc., but he is hoarding allocations. I'm sure there were regular guys with day jobs who tried to get one of these allocations but were unable to because of the supply drying up due to this kind of activity.

Bottom line, I know it is free market and all of that, but it FEELS wrong.
Old 09-23-2017 | 06:44 PM
  #32  
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Originally Posted by hf1
As I said, the dealers/flippers' privileged access is the problem, nothing else. Allow open access to ALL allocations to everyone with a checkbook, and the flipping and market-cornering problem disappears. The problem is that this privileged access exists, not that its beneficiaries (dealers and flippers) are profiting from it by buying at msrp/invoice and selling at market prices.

The market prices would be pretty much be the same, regardless.

Btw, these "majority of buyers" that get their cars at MSRP are paying the market price premium in other ways ("loyal" service customers, buying 3 low-demand non-GT cars a year at full price, getting raped on trade-ins, etc.).
Bingo.
Old 09-23-2017 | 07:02 PM
  #33  
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Very lame, but so is the discussion
Old 09-23-2017 | 09:49 PM
  #34  
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Whenever someone uses the word capitalism in this thread, it reminds me of the scene with Vizzini in The Princess Bride. I agree with Orthojoe's assessment.

Last edited by mass27; 09-23-2017 at 10:26 PM.
Old 09-23-2017 | 10:08 PM
  #35  
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From: The way to hell is paved by good intentions “Wenn ich Purist höre...entsichere ich meinen Browning” "Myths are fuel for marketing (and nowadays for flippers too,,,)" time to time is not sufficient to be a saint, you must be also an Hero
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Anyone agrees that a moderately regulated capitalism is necessary
otherwise no taxes to have police in the streets
no banks rules at all
etc etc
a jungle far west no laws land
where smone can come to your house to rob and kill you only because has more money
than you to buy a bigger weapon

Porsche in EU did it simple

you prove to have Not been a flipper through a recent Porsche GT VIN linked to your name for more than 1 year or no 991.2 GTx

you prove that not willing to be a flipper owning your 991.2 GTx for at least 1 year or you can forget any next Porsche GT

problem solved politicaly and concretely

Last edited by fxz; 09-23-2017 at 10:25 PM.
Old 09-23-2017 | 10:35 PM
  #36  
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Originally Posted by bigskyGT4
I'm going to have to agree with orthojoe on this. I understand it is capitalism, etc., but he is hoarding allocations. I'm sure there were regular guys with day jobs who tried to get one of these allocations but were unable to because of the supply drying up due to this kind of activity.

Bottom line, I know it is free market and all of that, but it FEELS wrong.
Agreed. And let's also make it clear that there was very little risk for him. He took allocations for minimal deposits. If the economy tanked, he could have walked away from taking delivery. And I bet some dealers would still give his money back (I know some states have laws around that). It's not like he was putting down millions of his own cash to buy the cars, he was just hoarding allocations.
Old 09-23-2017 | 10:40 PM
  #37  
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Originally Posted by shizzle
He took allocations for minimal deposits.
You might be right, but how do you know this?
Old 09-23-2017 | 10:47 PM
  #38  
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Don't worry boys when you go to sell your 991.2 GT3 for the next big thing you'll love taking a depreciation hit right?

Somehow I think most of us enjoy the ability to drive our cars for months if not a year and hardly face much depreciation. Part of that ability is the very speculative nature of these GT cars...but hey "oh...those peskwy flippers"
Old 09-23-2017 | 10:49 PM
  #39  
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Originally Posted by LexVan
You might be right, but how do you know this?
Maybe you should watch the video. At around 3:20 he says, "I could literally put out no money and make a bunch of money for flipping an allocation" in reference to what he did on the GT3s.

Originally Posted by InnovateGT3
Don't worry boys when you go to sell your 991.2 GT3 for the next big thing you'll love taking a depreciation hit right?

Somehow I think most of us enjoy the ability to drive our cars for months if not a year and hardly face much depreciation. Part of that ability is the very speculative nature of these GT cars...but hey "oh...those peskwy flippers"
I personally don't have a beef with a casual flipper. If you buy the car to drive, and then down the road, sell it for a profit, that's fine in my book. But when you try to horde a couple or even a dozen allocations or try to corner the market and keep these cars out of the hands of people trying to get an allocation to enjoy them, that's where I draw the line.
Old 09-23-2017 | 10:53 PM
  #40  
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Originally Posted by shizzle
Maybe you should watch the video. At around 3:20 he says, "I could literally put out no money and make a bunch of money for flipping an allocation" in reference to what he did on the GT3s.
Like I said, "you might be right". It's been a very long day, I watched that video this morning at about 4:30. Thanks for the reminder.
Old 09-23-2017 | 10:55 PM
  #41  
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Originally Posted by LexVan
Like I said, "you might be right". It's been a very long day, I watched that video this morning at about 4:30. Thanks for the reminder.
Sorry if that came off a bit terse. Watching that video pissed me off. I got a good friend who was told that he couldn't get an allocation, and he's a real enthusiast. Meanwhile I found out today that a known flipper up here managed to get two cars in this initial round of cars.
Old 09-23-2017 | 10:56 PM
  #42  
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Originally Posted by shizzle
Sorry if that came off a bit terse. Watching that video pissed me off. I got a good friend who was told that he couldn't get an allocation, and he's a real enthusiast. Meanwhile I found out that a know flipper up here managed to get two cars in this initial round of cars today.
Thank you. No problem.
Old 09-24-2017 | 02:08 AM
  #43  
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ignore doug
but some ppl are not using “capitalism “
correctly. it’s an economic term not political and not
morally related.

u do not need to regulate capitalism.
it is self regulating

have u tried to buy illegal drugs ? if u haven’t u should try it.
capitalism at its best

first hit free
the price increase steadiky without fail
fbi cia try to catch dealer
wrong
the offenders are the buyers if they stop buying then there will he no dealers.
if u keep buying them u feed them so who is really at fault

contrary to what most believe i dknt alway get cars msrp.
it’s a losing battle
just don’t buy it
saw the head ache

the mere
discussion here will
not do ****

how long have we talked about
prostitution drug weapons? do
u see them
decreasing lol

talking about this subject is like sitting
on a rocking chair. it gives u something to do but gets u no where.


oh i hate slippers. i want my 991 r for
free. now where is my gawd damned rocking chair? maybe i our one in the rs i lays 100 over ...
Old 09-24-2017 | 04:24 AM
  #44  
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From: The way to hell is paved by good intentions “Wenn ich Purist höre...entsichere ich meinen Browning” "Myths are fuel for marketing (and nowadays for flippers too,,,)" time to time is not sufficient to be a saint, you must be also an Hero
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Anarcho-capitalism IS politic

it s not buyers fault, when more than 3 men then buyers don't exist, IS people fault

and far west prove people must be (slightly for me) regulated

as story teach filppers won"t regulate themself
you or someone have to do it

you will self regulate the US flippers

send tons of complaining emails to PCNA AND! PAG

or wait someone to fix it for you

Last edited by fxz; 09-24-2017 at 06:53 AM.
Old 09-24-2017 | 06:20 AM
  #45  
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Did mooty learn to write from fxz, or vice-versa?


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