A place to discuss all things ADM
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cadster (03-19-2023)
#5282
Rennlist Member
I really want him to continue to try to flip it to see how it turns out. I don't care about flipping, but I am interested to see how this would play out.
There was a guy like this trying it on a smaller scale with a 718 GTS for like 10k and he got roasted so hard and must have eventually given up. My guess is that some combination of flows could get it done, but also with a lot of deception "who said they would need to know anything about paying me for the allocation." Entertaining what guys who can afford 400k cars are willing to do to make a tiny amount of money.
There was a guy like this trying it on a smaller scale with a 718 GTS for like 10k and he got roasted so hard and must have eventually given up. My guess is that some combination of flows could get it done, but also with a lot of deception "who said they would need to know anything about paying me for the allocation." Entertaining what guys who can afford 400k cars are willing to do to make a tiny amount of money.
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AlexCeres (03-19-2023)
#5283
being crosswise of contract law is not, like, my opinion man. If your dealer finds out, you’re ****ed. So, like, maybe be more discrete than posting on a public forum ? Kids these days.
The following 2 users liked this post by AlexCeres:
Ascend (03-19-2023),
Diablo Dude (03-19-2023)
#5284
Unfortunately, the one's who are in the (1) Camp who want to continue to talk about how bad the economy is and that ADM's will be collapsing even though they've been wrong for an entire year appear to be (conveniently) oblivious to the fact that the TECH and COMMUNICATIONS service groups in the S&P 500, home to the likes of Apple, Microsoft, and the parent companies of Facebook and Google (all located in Silicon Valley with employees that are compensated with stock-option grants) have climbed 2.3% and 2.9% respectively, in March, extending their 2023 gains.
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Diablo Dude (03-19-2023)
#5285
Instructor
don’t even have to be that fancy. You ask Vanguard to invest your savings into a tech sector index fund in 2018, even after all the drops of the last year, you’re still almost twice as rich as you were 5 years ago. The future is hard to predict, but we know a lot of people won in the recent past. Really, anyone who was heavily invested in almost anything large cap since 2008 has had a fantastic run. Maybe they’re hurting a little more the last year or so. Maybe the next year won’t be great. There is still way more than enough to trim a little off for a favorite hobby …
The following 4 users liked this post by McNamara:
#5286
#5287
RL Community Team
Rennlist Member
Rennlist Member
#5288
#5289
This is an obvious point to make for anyone with an even passing understanding of the recent history of financial markets, but I think this really keys in on an important highlight, and that is the absolute froth and glut of dispensable cash that has resulted in the first world. There will always be people who do well for themselves, prosper, and want to blow $$$ on fun toys, but the ability for seemingly large amounts of people to throw caution to the wind and pay over and beyond what was probably Porsche's wildest dreams, may not be repeated in the near future. This is also coinciding with the expectation that these cars as they currently exist will not be available for much longer (which I personally feel is a somewhat overblown concern), thus further eroding any financial governor people may have when deciding whether or not to purchase these cars. I remember walking into a dealer in 2018 and there being 911s for sale everywhere you looked, GT products included. To think that those days won't return doesn't seem logical.
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raymort (03-26-2023)
#5291
Heed my warning - while what you said makes sense, be careful of what you say in this thread. Not sure if you already have a 992 GT3, but if you don't have one and say you are waiting because you think prices are going to come down, you will be the subject to the "curse of AlexCeres" where you will be cursed to miss both 992 generations of the GT3...it's like saying Candyman three times in the mirror...but scarier...
#5292
Race Car
I doubt 911 production can go much higher each year, at least notably.
With all of the ways people make a fortune now from selling feet pics to social media, the demand will be strong. Porsche has been pushing hard for the last several years to market towards women, and getting more women into their flagship 911. It’s not just old, rich, white dudes buying 911s anymore. You don’t need to be some executive. I deliver dead shrimp for a living, and I have one.
edit: I realized my graphic is for the USA only. So disregard my final thought. I still stand by feet pics. Pun intended.
Last edited by shrimp money; 03-19-2023 at 11:19 PM.
#5293
¯\_(ツ)_/¯
You don’t know where GT allocations come from, and refuse to play ball with your dealer. Who has a monopoly on allocations. Your choices are pay adm, or pray Porsche ****s up and dumps a ton of cars on the market creating a glut. Porsche made fewer 992.1 than 991.2 gt3 so it’s not looking like those prayers are getting answered anytime soon. Will they sometime in the next 5 years ? Maybe. But literally every guy who played ball with his dealer will be ahead of you. Do you know a lot of Porsche enthusiasts who don’t plan to buy again ? Lolz. You haven’t done anything to improve your situation for the next round. It’s not a curse, it’s an observation that the velocity of your dealer relationship is 0. When the 992.2 rolls around, you’re stuck where you started. Pay adm or don’t get the car.
You don’t know where GT allocations come from, and refuse to play ball with your dealer. Who has a monopoly on allocations. Your choices are pay adm, or pray Porsche ****s up and dumps a ton of cars on the market creating a glut. Porsche made fewer 992.1 than 991.2 gt3 so it’s not looking like those prayers are getting answered anytime soon. Will they sometime in the next 5 years ? Maybe. But literally every guy who played ball with his dealer will be ahead of you. Do you know a lot of Porsche enthusiasts who don’t plan to buy again ? Lolz. You haven’t done anything to improve your situation for the next round. It’s not a curse, it’s an observation that the velocity of your dealer relationship is 0. When the 992.2 rolls around, you’re stuck where you started. Pay adm or don’t get the car.
#5294
Instructor
I paid a significant ADM for my Carrera S. I'm not above it, and I didn't make a judgement call on anyone's decisions in my post. Just pointing out how financial conditions seem to have conspired to create the current and likely temporary situation that we find ourselves in. Personally, the money I used for my 992 didn't come from stock market returns.
#5295
Race Car
¯\_(ツ)_/¯
You don’t know where GT allocations come from, and refuse to play ball with your dealer. Who has a monopoly on allocations. Your choices are pay adm, or pray Porsche ****s up and dumps a ton of cars on the market creating a glut. Porsche made fewer 992.1 than 991.2 gt3 so it’s not looking like those prayers are getting answered anytime soon. Will they sometime in the next 5 years ? Maybe. But literally every guy who played ball with his dealer will be ahead of you. Do you know a lot of Porsche enthusiasts who don’t plan to buy again ? Lolz. You haven’t done anything to improve your situation for the next round. It’s not a curse, it’s an observation that the velocity of your dealer relationship is 0. When the 992.2 rolls around, you’re stuck where you started. Pay adm or don’t get the car.
You don’t know where GT allocations come from, and refuse to play ball with your dealer. Who has a monopoly on allocations. Your choices are pay adm, or pray Porsche ****s up and dumps a ton of cars on the market creating a glut. Porsche made fewer 992.1 than 991.2 gt3 so it’s not looking like those prayers are getting answered anytime soon. Will they sometime in the next 5 years ? Maybe. But literally every guy who played ball with his dealer will be ahead of you. Do you know a lot of Porsche enthusiasts who don’t plan to buy again ? Lolz. You haven’t done anything to improve your situation for the next round. It’s not a curse, it’s an observation that the velocity of your dealer relationship is 0. When the 992.2 rolls around, you’re stuck where you started. Pay adm or don’t get the car.
I don’t think my ‘22 GTS coupe will lose $90k in value in the next 38 months, but we do live in a crazy world.