We are NOT headed in a 'R', markey is going through a need adjustment.
There are plenty of folks who always forecast doom.
Listen today to Bob Brinker on his national radio show. You will learn more than watching B-J.
Most people buy at the top and sell at the bottom.
Take a deep breath!
Life is great!
Regarding the car market, is going where is should. Collector cars are toys, not investments. The prices at B-J are higher than I expected. Guys buying many of the cars are dealers I lknow.![]()
We are NOT headed in a 'R', markey is going through a need adjustment.
There are plenty of folks who always forecast doom.
Listen today to Bob Brinker on his national radio show. You will learn more than watching B-J.
Most people buy at the top and sell at the bottom.
Take a deep breath!
Life is great!
Regarding the car market, is going where is should. Collector cars are toys, not investments. The prices at B-J are higher than I expected. Guys buying many of the cars are dealers I lknow.![]()
I'm one of the founders of a local bank and we had our monthly board meeting yesterday. This post has provided me a unique perspective into a number of folk's investment/spending/debt/financing patterns. On top of all else mentioned here, the U.S. is facing significant write offs of credit card bad debt including a recent $4B write down, more to come. Extremely liberal credit limits, lax approval procedures and multiple credit card advances has resulted in crushing credit card debt, for consumers and by extension lenders.
As someone else said, we're in another cycle; however, this one is not yet over. It's going to get worse before it gets better.
... I'm just changing colors ... thats all. Love the Heritage but it draws too much attention and its hard to really enjoy her at speed. A GT is still a GT but most people only identify a car by the color. So when they call the hipo on the cell phone its a yellow, blue, or whatever car ... when I fly by its that "65" car. Its not like I can tell a cop "honest officer it was the other number 65 car that was speeding... not me!" :bored
I may come to my senses and keep the car ...
Many exotic car owners consider these types of cars as "image" toys or status symbols and when the SH*T hits the fan, as it currently has, the toys are the first to go.
Everyone, sell your GT and buy a Prius! :banana
The economy is cyclical. I guess I am showing my age...but I/we have seen this all before.
Ford built to many cars for ours to appreciate.
I appreciate mine:tongue
Ford built to many cars for ours to appreciate.
I appreciate mine:tongue
:rofl:rofl:rofl :thumbsup :cheers
Regarding our FGT's the day Ford comes out with the replacement car pur cars will crash down 40% in value. Ford built to many cars for ours to appreciate. Remember Carroll Shelby's advise, build far less and charge double.