Market Meltdown - Good or Bad for Classic 993 Prices?/
#31
Burning Brakes
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I sold my '96 993 back in 2007 and I regret doing so ... not because of value but because of missing the thrills it gave me driving through the mountains of New Hampshire/Vermont/Maine. It had just turned 100k on the clock and it sold to a buyer in Amsterdam within 24 hrs of the posting it on the interweb [as Richard Rawlins would say]. If I have an opportunity to buy another 993 in the future, I would do so for the same reason that I bought my previous 993 ... it is just a hoot to drive!
#32
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#33
Rennlist Member
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For people with serious money, the price of a 993 is nothing...and that includes the turbos. The market sell off may have distracted them for a few days, but Monday was a minor hiccup. When the real correction comes to the 40 year plus credit distortions of the free market...on that day you will see real blood not just paper losses. On that day all prices will go into free fall as assets are sacrificed in a manic search for cash. On the other hand, if you bought and own and drive a 993 because it is something you love... than none of this matters and shouldn't impact on your one way or the other.
#34
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If you want to see the value bull**** meter peaked at full scale get hold of a magazine called Sports Car Market and you will puke. Everything in their screed is all about ownership to dick wave while you make money displaying your car in shows, but don't drive the car because putting dreaded "miles" on a car is considered a criminal offense ![banghead](https://rennlist.com/forums/graemlins/banghead.gif)
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#35
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For people with serious money, the price of a 993 is nothing...and that includes the turbos. The market sell off may have distracted them for a few days, but Monday was a minor hiccup. When the real correction comes to the 40 year plus credit distortions of the free market...on that day you will see real blood not just paper losses. On that day all prices will go into free fall as assets are sacrificed in a manic search for cash. On the other hand, if you bought and own and drive a 993 because it is something you love... than none of this matters and shouldn't impact on your one way or the other.
Not saying the market is going to tank but if it does they will be plenty of cars to choose from.
#38
Drifting
Join Date: Jul 2009
Location: Belmont Shore in Long Beach CA
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First house I bought in 2009 was $83K. Before that it was sold for $255K. Two years after I bought it, it was worth only $50K. But the house has rebounded to where it was when I bought it.