CGT Prices
#61
Race Car
I agree it's been slightly devalued for a while, but it hasn't just begun. The supercar investment bubble started ~9 months ago, and has been growing dramatically.
I'm buckling up for the burst. Just as I have for the past couple recent investment bubbles. (No, I wasn't around for the tulip bubble. Thankfully.)
I'm buckling up for the burst. Just as I have for the past couple recent investment bubbles. (No, I wasn't around for the tulip bubble. Thankfully.)
#62
Rennlist Member
I doubt it'll pop by then. Let's regroup in 2017-2018.
Besides, this isn't a competition. I'm not saying you're right/wrong.
I'm just sayin', I'm approaching this cautiously. I want CGT's to appreciate in value. I want all my supercars to appreciate in value, but I want it to be natural/organic/sustainable. Unnatural price run-ups are known as bubbles, and nature always likes to revert back to its resting state (bubbles pop, and the repercussions are vast and painful). You cannot force an unnatural state forever.
Besides, this isn't a competition. I'm not saying you're right/wrong.
I'm just sayin', I'm approaching this cautiously. I want CGT's to appreciate in value. I want all my supercars to appreciate in value, but I want it to be natural/organic/sustainable. Unnatural price run-ups are known as bubbles, and nature always likes to revert back to its resting state (bubbles pop, and the repercussions are vast and painful). You cannot force an unnatural state forever.
#63
Race Car
I doubt it'll pop by then. Let's regroup in 2017-2018.
Besides, this isn't a competition. I'm not saying you're right/wrong.
I'm just sayin', I'm approaching this cautiously. I want CGT's to appreciate in value. I want all my supercars to appreciate in value, but I want it to be natural/organic/sustainable. Unnatural price run-ups are known as bubbles, and nature always likes to revert back to its resting state (bubbles pop, and the repercussions are vast and painful). You cannot force an unnatural state forever.
Besides, this isn't a competition. I'm not saying you're right/wrong.
I'm just sayin', I'm approaching this cautiously. I want CGT's to appreciate in value. I want all my supercars to appreciate in value, but I want it to be natural/organic/sustainable. Unnatural price run-ups are known as bubbles, and nature always likes to revert back to its resting state (bubbles pop, and the repercussions are vast and painful). You cannot force an unnatural state forever.
My only point is the car is undervalued and Im bullish on long term values, not only because there is one in the garage but for many factors, way too much to type and back to work I go.
#65
Rennlist Member
I don't know about middle America but this is certainly true in the SF Bay Area.
#66
Rennlist Member
<off topic>
Indeed. Top 1% of taxpayers? That's barely "rich." Sadly, the other 99% who aren't close to the 1% still hate on the hard working 1%'ers because of their situation. It's easier to hate on them than to aspire to be more or greater, and then work towards it.
</off topic>
Indeed. Top 1% of taxpayers? That's barely "rich." Sadly, the other 99% who aren't close to the 1% still hate on the hard working 1%'ers because of their situation. It's easier to hate on them than to aspire to be more or greater, and then work towards it.
</off topic>
#67
It's a good point. All us 1%ers need to band together against the 0.1%er oppressors!!!
kidding of course. That's not to say income distribution isn't a problem. The report just came out that since '09, 95% of the recovery went to the 1%. That's a real, systemic problem and not just something for welfare folks to complain about.
kidding of course. That's not to say income distribution isn't a problem. The report just came out that since '09, 95% of the recovery went to the 1%. That's a real, systemic problem and not just something for welfare folks to complain about.
#70
Racer
Join Date: Apr 2013
Location: Zug, Switzerland
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I guess we really need to change the title to this thread as "Porsche Supercars: can they be afforded anymore?" Btw, do people really believe that the quality of the average working person's life has declined from the 70's (what happened to the big boost in the 80s?). The manipulation of data (government transfer payments are not included etc.) and the misleading jargon around the "1%" -- it's composition changes a lot overtime (at least in a capitalistic economy which is why rich liberals love socialism -- protects their position in society). Anyhow, not to be callous, but we could either start a new thread on this fascinating debate and leave this one further comments the pricing of the wonderful CGT? NO big deal, just a suggestion...
#71
Drifting
I would say 10. I know pp in the 5 area and it would be difficult to say "rich"..and they dont blow their money away.
#75
Advanced
Thread Starter
Getting back to the topic of the thread. Porsche Carrera GT Prices. Yes they have gone up recently in the last 9 months, however the appreciation has been a lot less than the S&P 500. The S&P has gone up ~30% in the last year but CGT prices went up about 15% (from $350K to $400K). It is great CGT prices actually went up, but I wouldn't consider it an "investment."