…or not!!

 

Mixing metaphors:

Stimulus gave life support to economy, and the economy kept going on momentum after withdrawing the life support and even hitting some brakes (raising interest rates), but some of the prosperity is a mirage because prices of things like cars and real estate and even stocks have been propped up by inflation, so those downward trends are worse when adjusted for inflation.

I think the momentum will fade in the coming year and the effect of higher interest rates will continue to propagate through the system, so we’ll see clearer economic downturn and price declines for these GT cars will follow. I don’t believe these GT cars are rare or unique or special enough that their prices will remain forever elevated. Great cars yes, but not collectibles.

 

if you got a gt3 at a price you want, would you still spend all day posting on RL?

 

This thread is the main one I post in, so it doesn’t take much time. And I don’t follow any other car forums. And anyway, don’t be jealous that I have way more free time than you.

 

Some asset classes are more stubborn to decline in price than others. The headwinds have grown in the past 6+ months (and only increasing as we move forward) and GT3/GT3RS cars aren't some special unicorns that will buck the trend forever. When will GT3s hit MSRP? I dunno, maybe late this year or maybe in 2024 but what I do know is that prices aren't going to go up from here.

 

Stocks are the most liquid and the first one to drop when economy goes bad

Second is Real estate

Then luxury goods like cars and watches. They are sticky on the way down but they do drop although it will be delayed compared to stocks and liquid assets.

 

The funny thing is that most of these folks on the sidelines waiting for prices to get at/near MSRP don’t realize that when that happens the stock market would be at a 5 year low, high unemployment, even higher cost of $$, and the new GT3 will be on the horizon.

So, yes prices might be lower, but the opportunity cost of $200k and / or the total cost of ownership will push folks to continue to sit it out.

 

I am going to do my part today for depreciation....Gonna drive m Speedster AND 992 GT3, and help lower values for ALL....

Guys, give it a rest: if you have a car, go out and enjoy/drive it.....If you don't, then bid and/or buy one when you can afford it, when YOU are comfortable with the prices....ADM or not....
Prices cannot be controlled by posting on RL.....

 

I just can't stop posting, RL is addicting.

 

I don't know about you all, but I'd rather pay 50k over MSRP for a GT3 than see my 401k tank so I can get the car at MSRP. If you suggest otherwise, you probably shouldn't be buying a GT3...

 

Not sure I understand the relevance of the c2s being (your word) RARE. Just sounds like the word should be no one wants one, hence lower production numbers. It is like a local dealer here in PA who always seems to offer the 1 of 4 seafoam green Cayman, calling it rare. No Sh&%. No one wants a seafoam green Cayman

Anyhow, obviously buyers want the gt3 more than a c2s, so Porsche will build what the people want....when they can finally get their act together and build more cars! How is it possible we are still living in a market where Bose can't get amplifiers and Porsche can't give you carbon ceramic brakes. Seems inane, doesn't it?!!

USCTrojan, you mentioned buying a Pista or Speciale. You are seriously ready to buy a car that, once you actually drive, the value plummets? Buying at MSRP is one (all of mine have been MSRP because of my dealer relationship), but the problem with Ferrari has always been the market perception when the damn car hits 10k miles. Just mentioning this because this is why I finally got tired of the Ferrari game....

 

LOL

 

RE agents have loads of free time these days I hear LOL

 

Yesss… somebody gets it

Some ppl are penny wise dollar dumb

 

Except now is when I already lost a chunk from my stock holdings yet still have to pay adm lol