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Porsche Supercars Carrera GT, 918,960

CGT Prices

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Old 01-23-2014, 04:02 PM   #61
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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.)
Lets regroup in 2015.
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Old 01-23-2014, 04:08 PM   #62
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Lets regroup in 2015.
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.
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Old 01-23-2014, 04:13 PM   #63
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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.
I agree 100%.
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.
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Old 01-23-2014, 04:18 PM   #64
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My only point is the car is undervalued and Im bullish on long term values
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Old 01-23-2014, 05:25 PM   #65
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At 1% you might be able to swing a second house if you are stingy with your finances. It's merely comfortable, not rich.
One thing that chaps my a$$ is when people refer to those with top 1% income as rich. I know people with 1% incomes that live paycheck to paycheck. Income and wealth are two very different things.

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Nobody with only $5MM in assets in the US considers themselves rich.
I don't know about middle America but this is certainly true in the SF Bay Area.
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Old 01-23-2014, 05:39 PM   #66
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<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>
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Old 01-23-2014, 10:31 PM   #67
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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.
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Old 01-24-2014, 09:16 AM   #68
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.... 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.
I wonder what percentage of the loss in the 2008-09 crash was suffered by the same 1%?
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Old 01-24-2014, 01:24 PM   #69
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Well, allow me to misuse the term but the PPP of the working poor has been steadily declining since what, the 70s? It's a generational disaster when hard working folks can't keep up.
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Old 01-24-2014, 01:38 PM   #70
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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...
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Old 01-24-2014, 03:03 PM   #71
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that can't be.
i guess if you exclude bay area?
top 2% here i would venture to guess over $5MM a year or maybe even $10MM? we have clients paying $1-3MM on income tax. i need a new job...
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.
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Old 01-25-2014, 09:05 AM   #72
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I think somewhere in the definition of "supercar" it expressly forbids them from being "affordable", otherwise they would be much more ordinary.
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Old 01-25-2014, 04:52 PM   #73
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CGT is the last of a breed
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Old 01-25-2014, 08:24 PM   #74
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CGT is the last of a breed
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Old 01-26-2014, 05:15 PM   #75
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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."
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