This is exactly what I have been thinking and you said it out loud, sort of.

 

I have two. Would sell one for the right price!

 

The only thing in common with the housing boom is rising prices but the fundamentals are completely different. The Housing Market was a result of cheap $$/Credit for homes and a constantly expanding supply which allowed for prices to readjust drastically on the down side once people discovered too much over-leveraged debt was bad. Not the case w/ these cars. If anything the supply over time is gradually decreasing so that leaves you with merely the Demand side of things.

Demand for the 993 (and other investment grade cars) are high because they're a great way to transfer wealth from depreciating dollars into a fun asset that can maintain its value. Like any other commodity of value, the 993 can fluctuate a little but the over all direction will be only going in 1 way and that is up.

Worst case scenario, your titled 993 could be sold to a wealthy Arab in exchange for currency. Good luck selling your 4 bed 3 bath in North Carolina to that same sheik.

 

^ good point. Speaking with a local dealer near me that sells a lot of 993s and he says 1 of every 4 993s he sells(in the past 2 years) is going back to Europe.

 

You're showing your age!

Your latest acquisition....congrats!

 

right...you, price manipulator...
You can have fun in one 993, don't need 20 of them
But if I need another one, I know where to go

 

 

Yes...I'm about ready. Have a 97 cab, white over champagian, new black top last spring, 66k miles, tiptronic, maintained to the nines, no oil usage, garage kept, nonsmoker, just a really nice car....ok a lil low on the macho meter with the trip but still a wonderful ride. Sensible about price.......any serious interest try me at r.dansnyder@yahoo.com.....not giving it away but not greedy either

Dan

 

Love it! LOL[/QUOTE]

Why sell when spending money on it is so much fun.

 

just sold.
Narrow bodies are the best deal going.

 

Is it an appreciation or a combo of appreciation and the fact that money is worth less today than when many of us bought. With inflation (or money degradation as I'll call it), the amount of the money I spent to buy my car, today, is 5K more. Now I'm consoled, like many here, by the fact that I just love my car and all its little flaws etc.... and have no interest in letting it go. Also that I could get that 5K more today if I needed to sell, which means I haven't lost a dime to enjoy.

It seems all the air cooled cars are going up. I have a 914 that I'm ground up restoring since 2009 and I watch their market too. You would have never heard of a 10k + ca back then, and now they are common place. I've seen prices for nice ones close to 20k which blows my mind on one hand and on the other I feel better knowing the money I'll have invested in it will hold up to future values.....again I hope to not have lost a relative dime.

Look at 356 prices over the last 10 years...........gone crazy! 912's are now getting pricey, 914's, late 60's 911's................
993's will continue to climb due to limited numbers as stated here, it's just a matter of time. It would be nice to see prices outpace inflation and actually "appreciate", but I suppose, like anything else.....baby steps for now
I drive mine so little these days, I'm even considering bagging mine up for long term storage. My little black piggy bank

 

Just be glad you all are sitting on this side of the fence, I know plenty on the other side and looking. It would be a tough pill to swallow if you've been looking for a 993 and never pulled the trigger before the dramatic price climb. I'm so happy I jumped on board a few years ago!

Agreed with all, in the long run the prices are not going down vs your reg water cooled 911. Exemptions would be GT3s, I think they will hold strong value in the future. 997 GT3 < $60K.....holy crap that is a hell of a deal!

 

 

i didnt say my plan was rational, just enticing.......

 

I'm rational 10 times out of 10. At least as far as you can be with Porsches.

With the current purchase I figure the total cost in buying + mods to the fleet (996 Turbo, 993 4S, 993 faux RS, '73 faux RS) was over $400K to the primary owners. I've spent typically optioned 991S MSRP money.