A place to discuss all things ADM
11-20-2023 | 06:39 PM
#7486
Three Wheelin'
Joined: Jan 2011
Posts: 1,459
Likes: 471
Also, someone just paid $60k over on black touring on BaT so good times still rolling for a few people.
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11-20-2023 | 08:34 PM
#7487
Rennlist Member
Joined: Mar 2019
Posts: 3,379
Likes: 3,119
Drove a loaner base Cayenne today, I believe 2024 model. I was underwhelmed and disappointed. Doesn't drive nearly as well or sound as good as our 2013 Cayenne GTS though, to be fair, the GTS was $100k a decade ago, whereas the new one is $92k, so the GTS is a much more expensive vehicle when adjusted for inflation. The handling of the new Cayenne is just ok - not fun to drive - and you can barely hear the engine. The interior of the vehicle is also kind of plain, doesn't look high end.
All of this drives home the point for me that Porsche sports cars vs the SUVs and sedans are two very different categories of vehicles, targeted towards different kinds of buyers and drivers. The stuff we discuss about scarcity, ADMs, etc. with the sports cars generally doesn't really apply much to the utility cars.
All of this drives home the point for me that Porsche sports cars vs the SUVs and sedans are two very different categories of vehicles, targeted towards different kinds of buyers and drivers. The stuff we discuss about scarcity, ADMs, etc. with the sports cars generally doesn't really apply much to the utility cars.
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11-20-2023 | 09:27 PM
#7489
Rennlist Member
Joined: May 2012
Posts: 13,409
Likes: 4,592
From: Mid-Atlantic (on land, not in the middle of the ocean)
11-20-2023 | 10:09 PM
#7490
Race Car
Joined: Jun 2018
Posts: 4,565
Likes: 5,445
From: Ohio
My neighbor bought their house in 2005. I snagged my house for $90k less in 2010, but they HODL’d and it worked out. My home has done a little over 2x.
The lesson here, is to HODL.
11-20-2023 | 10:38 PM
#7491
Rennlist Member
Joined: Feb 2013
Posts: 16,842
Likes: 4,142
True if you held on to real estate long enough you would have broken even. In my area, if you bought at the peak in 2006 you would have had to wait about 10 years to get back to those peak prices.
11-21-2023 | 09:36 AM
#7492
Burning Brakes
Joined: Mar 2020
Posts: 1,145
Likes: 705
From: Naples, FL
LOL
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11-21-2023 | 11:07 AM
#7493
Rennlist Member
Joined: Feb 2013
Posts: 16,842
Likes: 4,142
Oh great, you're going @ipse dixit all re-fired up about another off topic in a GT3 subforum on an ADM specific thread.......
LOL
LOL
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PHX (11-21-2023)
11-21-2023 | 11:23 AM
#7494
Race Car
Joined: Sep 2016
Posts: 4,178
Likes: 2,306
From: California
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11-21-2023 | 11:24 AM
#7495
Race Car
Joined: Sep 2016
Posts: 4,178
Likes: 2,306
From: California
Oh great, you're going @ipse dixit all re-fired up about another off topic in a GT3 subforum on an ADM specific thread....
LOL
LOL
And ironically, the Mods don't really care when you go "off-top" let alone generate post after non-technical post on a technical forum.
That's why a GT3RS "flipper" thread (richk) wound up going off for 5 pages about roofing contractors. LOL!
My 23RS is for sale! - Rennlist - Porsche Discussion Forums
Last edited by Diablo Dude; 11-21-2023 at 11:42 AM.
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PHX (11-21-2023)
11-21-2023 | 03:57 PM
#7496
Rennlist Member
Joined: Mar 2007
Posts: 4,039
Likes: 877
From: West Los Angeles & Truckee, CA
and for ipse - ADM's suck?
And for Mani - I have a 2024 Cayenne e-hybrid on order but with the upgraded interior materials..
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usctrojanGT3 (11-21-2023)
11-21-2023 | 04:04 PM
#7497
Rennlist Member
Joined: Feb 2017
Posts: 2,962
Likes: 1,412
In my area - it was 3-4 years - but - I think a personal residence is not an investment. Just like GT3's aren't (or shouldn't be) investments. The utility you get is a) a place to live and enjoy your life b) enjoy driving it to cars and coffee (kidding) or on the track. If you happen to make money on either - great - but I personally don't think you should buy one unless you can easily afford it and can afford to have their "value" go down - maybe even significantly - without affecting your enjoyment of it. For example, if you pay $250K for a GT3 and it goes to $200K in 3 years. Do you still love driving it? If you buy a house for $2M and it goes down to $1.8M - does that make you miserable or do you still love where you live?
and for ipse - ADM's suck? And for Mani - I have a 2024 Cayenne e-hybrid on order but with the upgraded interior materials..
and for ipse - ADM's suck?
And for Mani - I have a 2024 Cayenne e-hybrid on order but with the upgraded interior materials..Porsche knows this too… I remember the 2008/09 crash and the Porsche CEOs strategy was to keep residuals high, brand high, and not over produce or discount cars (stark contrast to GM which gave everyone employee discounts and flooded the market / tanked residuals.
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Manifold (11-21-2023)
11-21-2023 | 04:15 PM
#7498
Rennlist Member
Joined: Mar 2007
Posts: 4,039
Likes: 877
From: West Los Angeles & Truckee, CA
the truth is… for many guys, buying a GT3 that depreciates minimally or none at worst IS THE appeal. Much easier to convince yourself to spend $200k (and spouse)
Porsche knows this too… I remember the 2008/09 crash and the Porsche CEOs strategy was to keep residuals high, brand high, and not over produce or discount cars (stark contrast to GM which gave everyone employee discounts and flooded the market / tanked residuals.
Porsche knows this too… I remember the 2008/09 crash and the Porsche CEOs strategy was to keep residuals high, brand high, and not over produce or discount cars (stark contrast to GM which gave everyone employee discounts and flooded the market / tanked residuals.
11-21-2023 | 09:50 PM
#7499
Burning Brakes
Joined: Sep 2018
Posts: 1,120
Likes: 749
From: Santa Monica
the truth is… for many guys, buying a GT3 that depreciates minimally or none at worst IS THE appeal. Much easier to convince yourself to spend $200k (and spouse)
Porsche knows this too… I remember the 2008/09 crash and the Porsche CEOs strategy was to keep residuals high, brand high, and not over produce or discount cars (stark contrast to GM which gave everyone employee discounts and flooded the market / tanked residuals.
Porsche knows this too… I remember the 2008/09 crash and the Porsche CEOs strategy was to keep residuals high, brand high, and not over produce or discount cars (stark contrast to GM which gave everyone employee discounts and flooded the market / tanked residuals.
probably dropped average of 40-50k in past 12 months, and I don't see prices dropping any slower next 12 months.
5 SOLD 992 GT3's on BAT NOV 2022 11/4/22-12/2/22: Avg. $294,600 median: 300,000
5 SOLD 992 GT3's on BAT NOV 2023: Avg. 245,044 median: 239,000
OUCH!
let's here the ADM warriors debate the FACTS
11-21-2023 | 10:02 PM
#7500
Rennlist Member
Joined: Feb 2013
Posts: 16,842
Likes: 4,142
Given the massive glut of 992 GT3 on the market....is there anyone here who actually thinks they aren't going to get absolutely cooked on resale?
probably dropped average of 40-50k in past 12 months, and I don't see prices dropping any slower next 12 months.
5 SOLD 992 GT3's on BAT NOV 2022 11/4/22-12/2/22: Avg. $294,600 median: 300,000
5 SOLD 992 GT3's on BAT NOV 2023: Avg. 245,044 median: 239,000
OUCH!
let's here the ADM warriors debate the FACTS
probably dropped average of 40-50k in past 12 months, and I don't see prices dropping any slower next 12 months.
5 SOLD 992 GT3's on BAT NOV 2022 11/4/22-12/2/22: Avg. $294,600 median: 300,000
5 SOLD 992 GT3's on BAT NOV 2023: Avg. 245,044 median: 239,000
OUCH!
let's here the ADM warriors debate the FACTS
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welikethetrack (11-21-2023)