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re: Do millennials like classic cars?
Posted on 3/3/20 at 10:45 pm to SavageOrangeJug
Posted on 3/3/20 at 10:45 pm to SavageOrangeJug
quote:
Like I told him. No, his Volkswagen isn't and investment.
What's funny is you've really shown your ignorance of the classic car market.
American is mostly holding steady or even falling in some cases. Germans have absolutely skyrocketed the past few years.
The Hagerty index for 1950's american has gone up 11% since they began tracking it.
The index for german classics has gone up 400%
This post was edited on 3/3/20 at 10:47 pm
2
Posted on 3/3/20 at 10:46 pm to JohnnyKilroy
Didn't you just say the car you bought (a average 911, IIRC) is worth more now than when you bought it?
You also had use (dividend/interest) of the car.
Sounds like you agree with Jug.
You also had use (dividend/interest) of the car.
Sounds like you agree with Jug.
Posted on 3/3/20 at 10:46 pm to JohnnyKilroy
quote:Do some research, you idiot.The whole premise we are discussing is right over your head.
Compared to what? Other cars? Sure. Compared to traditional market investing? Nah.
On second thought. The mouth breather needs to sue you for defamation over using his photo.
You literally don't understand the concept of what we are talking about.
Posted on 3/3/20 at 10:50 pm to JohnnyKilroy
quote:
What's funny is you've really shown your ignorance of the classic car market.
American is mostly holding steady or even falling in some cases. Germans have absolutely skyrocketed the past few years.
Right! Everyone wants that 88 BMW over that GTO Judge.
Look, some rare Porsches an BMWs have done well. Only the specialty cars.
Now, take a stock 66 Chevy II in good condition and it is highly desirable.
Posted on 3/3/20 at 10:51 pm to VetteGuy
quote:
Didn't you just say the car you bought (a average 911, IIRC) is worth more now than when you bought it?
Yes
quote:
Sounds like you agree with Jug.
Not at all. My car probably gained a few percentage points in value since its purchase a few years ago. 10% at most but probably less.
My equities portfolio went up by over 30% in that time frame.
Posted on 3/3/20 at 10:53 pm to JohnnyKilroy
Hagerty sells agreed value insurance for classic cars.
It is in their best interest to inflate values (customers pay higher premiums).
It is a resource and is somewhat useful in a general way, but just realize they are overly optimistic in their valuations.
I don't disagree re: German marques, especially Porsche.
Air-cooled cars, especially.
It is in their best interest to inflate values (customers pay higher premiums).
It is a resource and is somewhat useful in a general way, but just realize they are overly optimistic in their valuations.
I don't disagree re: German marques, especially Porsche.
Air-cooled cars, especially.
Posted on 3/3/20 at 10:53 pm to JohnnyKilroy
quote:We're not discussing the market.
My equities portfolio went up by over 30% in that time frame.
quote:
Do millennials like classic cars?
Can you not comprehend the subject of the thread?
Posted on 3/3/20 at 10:59 pm to SavageOrangeJug
quote:
Now, take a stock 66 Chevy II in good condition and it is highly desirable.
Lmao I just looked those up and there's an SS with only 61k miles that the owner has dropped almost 20k off the price since he originally listed it.
Posted on 3/3/20 at 11:00 pm to SavageOrangeJug
quote:those stocks are doing much better than the cars. you aren't good at this.
Bottom dropped out of the economy in 2008? Guess what remained solid?
Posted on 3/3/20 at 11:05 pm to JohnnyKilroy
So if an average 911 went up 10 points what would a real sharp, rare car do?
I bet way better than
Guys that do this stuff day im and day out do pretty well.
Like anything else, you have to work at it, and do your research.
Sound familiar?
I bet way better than
quote:
30%
Guys that do this stuff day im and day out do pretty well.
Like anything else, you have to work at it, and do your research.
Sound familiar?
Posted on 3/3/20 at 11:05 pm to JohnnyKilroy
quote:You found one example.
Lmao I just looked those up and there's an SS with only 61k miles that the owner has dropped almost 20k off the price since he originally listed it.
Be glad I don't feel like looking up re-badged Volkswagens.
Posted on 3/3/20 at 11:09 pm to VetteGuy
quote:
VetteGuy
Don't waste any more time. They are literally too stupid to even comprehend the premise of the discussion.
Let them think they have won the debate. They don't even realize. They haven't figure out the subject material.
Ask Redbone about these two.
Posted on 3/3/20 at 11:12 pm to aileron
I'm barely classified as a millennial, but I have nothing against classic cars. I wouldn't go out of my way to own one or anything. I just prefer the tech and aesthetics of modern cars.
Posted on 3/3/20 at 11:15 pm to aileron
I was born in ‘89, so right in the middle of what is considered “millennial”. I’ve got a restored 1970 Chevelle I’m still working on, so yes, we still appreciate classic cars.
I even listen to music from way back when, too.
ETA: looks very much like this one. Having trouble posting a pic from a zip file on my phone.
I even listen to music from way back when, too.
ETA: looks very much like this one. Having trouble posting a pic from a zip file on my phone.
This post was edited on 3/3/20 at 11:19 pm
Posted on 3/3/20 at 11:16 pm to aileron
I’m GenX and I routinely drive my 55 Chevrolet on a college campus in Texas and students take no notice of it at all.
Ten years ago it was a ‘66 Mustang that students ignored. That campus was in Massachusetts so I was not too surprised. But Texas? Sad.
Ten years ago it was a ‘66 Mustang that students ignored. That campus was in Massachusetts so I was not too surprised. But Texas? Sad.
Posted on 3/3/20 at 11:20 pm to LSUinMA
I hate to hear that, but I'm not surprised.
I do think younger people generally aren't as interested in cars, unless you can get 'em out on a track.
Ultimately, that will be the end, or at least lessening, of the hobby.
I do think younger people generally aren't as interested in cars, unless you can get 'em out on a track.
Ultimately, that will be the end, or at least lessening, of the hobby.
Posted on 3/3/20 at 11:20 pm to aileron
An older guy down the street growing up (Late 80s/ early 90s) had ~68-70 canary yellow Chevelle with black racing stripes. I’ve always wanted to own one in that year and color. maybe it’s in the fold, maybe not.
ETA: unbeweaveable, that’s a damn sexy car
ETA: unbeweaveable, that’s a damn sexy car
This post was edited on 3/3/20 at 11:27 pm
Posted on 3/4/20 at 6:57 am to aileron
By the time most baby boomers hit the job market in the early 80s, they experienced one of the longest prosperous economic periods in the past 200 years from 1980 to the early 2000s. When many millenials were getting their first jobs or first hourses, they experienced one the worst recessions since the Great Depression.
A baby boomer that wasn't wasteful was hit by the Great Recession, but they had 30 years of gains to fall back on. That recovery doesn't happen overnight for millenials. I think for a lot of millenials, they see their parents spend on things that bring no lasting joy like cars or houses that are much bigger than they need and it doesn't excite them much.
A baby boomer that wasn't wasteful was hit by the Great Recession, but they had 30 years of gains to fall back on. That recovery doesn't happen overnight for millenials. I think for a lot of millenials, they see their parents spend on things that bring no lasting joy like cars or houses that are much bigger than they need and it doesn't excite them much.
Posted on 3/5/20 at 1:56 pm to GreatLakesTiger24
quote:Dis-ingenious statement.
As long as you buy stocks at the right price, you can’t lose
Stipulation causes the point to indicate a person can see the future.
You only have to look at the market this past week to see that volatility is unpredictable.
note: My investments are mostly in stock market, not cars BUT GLT24 has an untenable stance.
Posted on 3/5/20 at 2:05 pm to JohnnyKilroy
quote:Bad example.
JohnnyKilroy
quote:
SavageOrangeJug
quote:
Now, take a stock 66 Chevy II in good condition and it is highly desirable.
Lmao I just looked those up and there's an SS with only 61k miles that the owner has dropped almost 20k off the price since he originally listed it.
Owner obviously paid too much.
"owner has dropped almost 20k off the price" <- dropped $20k? Wut? $20k off of HOW MUCH? I hope that was $20k off of $30k!
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