Value increases, was: <VV> Greenbrier and corvair values (long)
airvair
airvair at richnet.net
Fri Mar 25 11:55:50 EST 2005
Increases in value depend upon whether you are a "have" or a "have-not."
It's positive to the "haves," but only when they sell. But on the flip
side, it's a negative to the "have-nots" who desire to get into the
market. MAYbe it will spur the restoration of deserving project cars,
but restoration costs often exceed market gain, until the cars get
rediculous in value. Besides, nobody should get into car restoration as
an investment.
I'm like you, Joe. I tend to buy a car and keep it forever, rarely
selling. Which explains why I still have my '84 Impala and '95
Transsport, along with my "new" daily transportation, the '03 Cav. And I
still have the third Corvair I ever bought, my '67 convert, AND my fifth
Corvair, the infamous '69 Corsa.
-Mark C
N. Joseph Potts wrote:
>My thought is that increases in the money value of our treasures increases
>the risk of their being stolen. Since I just want to keep and enjoy mine,
>and my kids want to inherit the car (one car, two kids who share nicely),
>the dollar value of Fireball holds NO positives for me, unless hard times
>hit and I have to sell it for food.
> Obviously, this is just MY take. Yours is likely to be different in one
>way or another.
>
>Joe Potts
>Miami, Florida USA
>1966 Corsa coupe 140hp 4-speed with A/C, The Stick, Lo-Jack, ignition kill
>switch, and lots of other stuff like that
>
>-----Original Message-----
>
>I think we should celebrate these changes - our restoration efforts (Which
>easily cost $10k to $20k these days) will finally come back to us and many
>cars that "weren't worth restoring" will have a place now.
>Any thoughts?
>Craig Nicol
>65 Corsa EFI vert
>66 Monza 140/4 EFI
>67 Monza 140/4 sedan
>
>
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