1996 arena red 993tt w/13k miles FS
07-03-2015, 12:45 PM
#64
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
To me, a flipper is someone who attempts to make a quick profit buying and selling a car where they actually have no personal interest in the car, it's just a commodity. They thrive on a rising market, and in some cases, actually contribute to the market rise because often flippers buy from flippers and the car just keeps exchanging hands and it only ends when a genuine owner buys the car and takes it from the market.
Flippers are good if you have a car because they tend to inflate or accelerate the rise of prices so you gain value. Flippers are bad if you are shopping for a market because they are often faster on purchases and drive prices up.
Owners on the other hand purchase a car not to sell it quickly, but to use and/or appreciate a vehicle. Owners tend to keep their vehicles longer, often years, and will take a profit of course if the market has risen, but that was not the primary goal at the beginning.
To say we are all flippers because we may sell at a profit is ridiculous, the entire business model of flippers is to move as fast as possible and get as much rise in the price as possible. That is all they are interested in, its core to their business model. That is why flippers who join this form contribute ZERO to this community, they are not interested in the community at all other then looking for potential profit.
Cheers,
Mike
Flippers are good if you have a car because they tend to inflate or accelerate the rise of prices so you gain value. Flippers are bad if you are shopping for a market because they are often faster on purchases and drive prices up.
Owners on the other hand purchase a car not to sell it quickly, but to use and/or appreciate a vehicle. Owners tend to keep their vehicles longer, often years, and will take a profit of course if the market has risen, but that was not the primary goal at the beginning.
To say we are all flippers because we may sell at a profit is ridiculous, the entire business model of flippers is to move as fast as possible and get as much rise in the price as possible. That is all they are interested in, its core to their business model. That is why flippers who join this form contribute ZERO to this community, they are not interested in the community at all other then looking for potential profit.
Cheers,
Mike
07-04-2015, 02:19 PM
#65
Drifting
To me, a flipper is someone who attempts to make a quick profit buying and selling a car where they actually have no personal interest in the car, it's just a commodity. They thrive on a rising market, and in some cases, actually contribute to the market rise because often flippers buy from flippers and the car just keeps exchanging hands and it only ends when a genuine owner buys the car and takes it from the market.
Flippers are good if you have a car because they tend to inflate or accelerate the rise of prices so you gain value. Flippers are bad if you are shopping for a market because they are often faster on purchases and drive prices up.
Owners on the other hand purchase a car not to sell it quickly, but to use and/or appreciate a vehicle. Owners tend to keep their vehicles longer, often years, and will take a profit of course if the market has risen, but that was not the primary goal at the beginning.
To say we are all flippers because we may sell at a profit is ridiculous, the entire business model of flippers is to move as fast as possible and get as much rise in the price as possible. That is all they are interested in, its core to their business model. That is why flippers who join this form contribute ZERO to this community, they are not interested in the community at all other then looking for potential profit.
Cheers,
Mike
Flippers are good if you have a car because they tend to inflate or accelerate the rise of prices so you gain value. Flippers are bad if you are shopping for a market because they are often faster on purchases and drive prices up.
Owners on the other hand purchase a car not to sell it quickly, but to use and/or appreciate a vehicle. Owners tend to keep their vehicles longer, often years, and will take a profit of course if the market has risen, but that was not the primary goal at the beginning.
To say we are all flippers because we may sell at a profit is ridiculous, the entire business model of flippers is to move as fast as possible and get as much rise in the price as possible. That is all they are interested in, its core to their business model. That is why flippers who join this form contribute ZERO to this community, they are not interested in the community at all other then looking for potential profit.
Cheers,
Mike
The part I bolded is notable to me because I tend to see a pattern on forums where current owners don't have much of a problem with flippers and the ridiculous market surge (gleeful gloating is how I'd often describe it...), while enthusiasts looking to buy are the ones getting fed up with the flippers' antics and who just wish they'd chill the heck out and buzz off.
07-05-2015, 12:28 PM
#67
Mike
perfect description of the AC market situation right now
this is a sad situation, but soon or later Mr Market will leave the money on the table and leave the AC market as well
perfect description of the AC market situation right now
this is a sad situation, but soon or later Mr Market will leave the money on the table and leave the AC market as well
07-24-2015, 03:27 AM
#68
Rennlist Member
I would love it if the serious high end sports car collector would share his collection with us. Does Rennlist send out invites? It's more fun to just share our experiences with the Turbo rather than just tuck them away and brandish the sales. Enjoy the car!! Congrats!! Any plans to mod or road trip it?
