22 Oct 2014, 16:14
Darren C Wrote:The observation I’m making here is that if someone takes a personal decision not to do something based upon their circumstances, there is always someone else to step forward and take over. I only air an opinion based upon experience. I have been fortunate to drive classic’s and sports cars for over 30 years including 20 years owning and driving many 911’s. I have raced them and even crashed and rolled a 911. You dust yourself off and get back on the horse. I’m not having a personal dig at you, just your pessimistic opinions and delusion of enthusiasts being priced out of the classic car market. As I said earlier people will just do what it takes to achieve their dream. Pretty much in the same way that the house price increase over the last 50 years hasn’t stopped people buying houses.
It just plain inflation and the market economy that causes the price rise. Why shouldn’t Delorean prices rise equally with all other classic car marques? You can’t cap them just because your own personal opinion is that it’s too expensive.
I agree with Rissy that the market will peak at some point, but I don’t think it’ll drop off a cliff like it did in the early 90’s; but just stabilise on a higher plateau for another 10 years.
Ahhhhh, see why all the 'twaddle-doom-master' etc stuff.
You mis-understood my point. I wasn't suggesting prices should be capped. I was suggesting that huge gains in value, are not always a good thing for the enthusiast. There will always be people who can afford to pay whatever the going rate is, but that doesn't mean every enthusiast can.
Speaking from my old scene, the humble aircooled VW's, you have to have a base line value, (say £4K to stop them all ending up the scrap yard,) and having a nice/reliable/rot free camper for 8-10K is great fun, down the beach, take to club/camp meets, you could mess round with it, lower it, put a bigger engine in etc etc.
When that 10K camper becomes 20K, kids jumping in with sandy/muddy feet start to become an issue, wet smelly salt-water dogs are more concerning.
When that 20K camper becomes 30K. Ohh should I take it to the super-market? Make sure you park it far enough away not to get dinged.*
When 30K becomes 40K, "Definitely has to stay stock, that's where the value is." Just use it for show & shine displays.
Some now want 50K, even seen one sell in the states for circa $120,000, temperature controlled garages & only out for photo-shoots.
Also your claim of people still buy houses, so huge rises in value are a good thing, is mistaken.
As I said, great if an estate agent or getting out of the market & moving to Spain, but if you want/need the house with more bedrooms/double garage for your delorean etc etc its bad news.
Example.......(simple figures)
You have a 100K house, need/want bigger house that costs 200K.
Fine sell yours, borrow 100K and move in.
Instead you have 100% inflation, but still need that bigger house.
Your old house is now worth 200K, great says you, but the other house is now worth 400K.
Sell your house & now borrow 200K on a mortgage.
The 100% inflation has made you, in the real world, poorer.
*Sell up and look for another smaller classic! :lol: