Tons of 911’s for sale!
#151
Rennlist Member
Bloomberg reported today that used car prices in the US fall 4.2% this month and 10.8% year over year, so there is some support for a view that we are over the escalator period. As always , the debate will split those owners who fervently believe that prices will never fall and those who wish to buy who have a view of the right price.
#152
Drifting
Who's paying $350k for 992 gt3?... madness..
Land prices in Toronto, won't ever go down.. There will be some instability in the condo/townhouse markets as commercial properties are overhauled, but the price of Land is just going to increase.. buy it up while you can.
I buy/reno/flip ...just purchased a home with a $250k haircut in just over a year.. This will be a keeper for my kids when they start Uni, but rental for now.
Land prices in Toronto, won't ever go down.. There will be some instability in the condo/townhouse markets as commercial properties are overhauled, but the price of Land is just going to increase.. buy it up while you can.
I buy/reno/flip ...just purchased a home with a $250k haircut in just over a year.. This will be a keeper for my kids when they start Uni, but rental for now.
#153
Rennlist Member
Very hard to tell the future of GT cars. I had a 2010 997.2RS that I sold a bit above my purchase price (MSRP) with 10,600km on it in 2013.
A blue example sold for USD440k a couple of months ago, So there is indeed some madness out there. My guess is that they will ease back but very unlikely to go below MSRP including the accursed luxury tax. While not paid by the second owner, it is in the base price, and also we have to account for the price increases that are not trivial.
A blue example sold for USD440k a couple of months ago, So there is indeed some madness out there. My guess is that they will ease back but very unlikely to go below MSRP including the accursed luxury tax. While not paid by the second owner, it is in the base price, and also we have to account for the price increases that are not trivial.
#154
This is more likely a generational problem than management. The new generations ethics are just very different than say people born in the pre-iphone era. I notice it in every where, not just car dealerships.
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Greg981 (07-10-2023)
#155
#156
I've shown up to PCO in my 911 and was ignored by sales reps who saw me get out of it. They aren't all like that, but the fact that some are reflects poorly on management. Also happened at Audi Oakville; reps sitting at their desks playing with their phones and chatting with each other. So I went to Audi Hamilton and bought there. I'm not going to beg to buy a car.
#157
Correct re: cottages: http://download.remax.ca/PR/2023REMA...eport_data.pdf
I'm not convinced though re: primary residences.
I'm not convinced though re: primary residences.
#158
Team Owner
so any thoughts on a bump or hold the line ? i originally thought after the last .25 bump they would hold the line, but now i'm not so sure..
and personally i hate being bothered while i look at cars, i hate the B-line for me as soon as i show up in the showroom or look at a car, just leave me alone and let me browse, im not so inept that i cant ask for help if i have a question , i dont need to be waited on hand and foot as soon as i walk in and look at a car. maybe just me though.
and personally i hate being bothered while i look at cars, i hate the B-line for me as soon as i show up in the showroom or look at a car, just leave me alone and let me browse, im not so inept that i cant ask for help if i have a question , i dont need to be waited on hand and foot as soon as i walk in and look at a car. maybe just me though.
Last edited by theiceman; 07-11-2023 at 04:10 PM.
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Greg981 (07-11-2023)
#159
Burning Brakes
Sounds like a bump is the safe bet at this point. I would assume the last one before we start going in the other direction in late 24’ / early 25’.
#160
Team Owner
#161
Burning Brakes
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Greg981 (07-11-2023)
#162
Team Owner
I’m far from an expert in the field but a general observation I have in my early 50’s is that with our aging population there are a lot of recreational properties being willed to a generation that I don’t necessarily think wants to own second properties and/or has the ability to maintain one. My wife’s family cottage is a prime example - parents in mid 80’s with 3 kids of which one lives in Alberta and the other Australia. Co ownership simply wouldn’t work and with an approx value of $3M we’re not exactly jumping at the oppty to write a cheque for $2M (which we don’t have) and pay $8k a year in property tax for a couple of weeks on the water. Just my $0.02
#163
Burning Brakes
I’m far from an expert in the field but a general observation I have in my early 50’s is that with our aging population there are a lot of recreational properties being willed to a generation that I don’t necessarily think wants to own second properties and/or has the ability to maintain one. My wife’s family cottage is a prime example - parents in mid 80’s with 3 kids of which one lives in Alberta and the other Australia. Co ownership simply wouldn’t work and with an approx value of $3M we’re not exactly jumping at the oppty to write a cheque for $2M (which we don’t have) and pay $8k a year in property tax for a couple of weeks on the water. Just my $0.02
#164
That's the problem, everyone went crazy for a vacation property during the pandemic but who wants to own and maintain a property for a year and only use it for 2-3 months total if that. I thought about a property in Miami but then figured I could stay at a 5 star hotel for a month or two and it would be way cheaper.
#165
Rennlist Member
Thread Starter
My Neighbour took a different approach. He spent a fortune on a backyard oasis and high end finished basement (we have walk-out basements). He said his time was too valuable to spend hours on a commute each weekend to get away to a cottage. He ignores the phone from Friday evening through Sunday evening and treats his time as if he is away for the weekend.