Chasing returns: Regarding flippers...
#1
Race Director
Thread Starter
Chasing returns: Regarding flippers...
I wonder how much demand for specialty cars is coming from Hedge Funds and other investors, and not individuals like you and i? You look at cars like the F12 TDF, CGT, RS 4.0, 675 LT, etc. and I wonder what percentage of buyers are really just Wall Street funds buying and bidding up anything limited in production? They have no interest in ever driving these cars, and it is just like art, Rolex watches, etc. Just another asset to drive returns to investors investing in their funds.
#2
Rennlist Member
#3
Race Director
Thread Starter
#4
All that money that the Federal Reserve CTRL-P'd during QE has to go somewhere.