sk47
Well-Known Member
- Joined
- Nov 12, 2020
- Threads
- 28
- Messages
- 5,077
- Reaction score
- 2,424
- Location
- North Eastern TN
- First Name
- Jeff
- Vehicle(s)
- Chevy Silverado & Nissan Sentra SE
Hello; I think I get what you are saying. Around 2004, 2005, 2006 Ford made the GT. To me a truly special car and in limited numbers. They MSRP'd for somewhere around $150K at the time. Since then, the value has gone up a lot. In the 300K to 400K range I believe.Free money begats all kinds of evil. The rich don't care, they'll just peel off the hundreds. But for everyone else the value metric will reassert itself with a vengeance.
Are there 20000 individuals willing to flip their cars to each other at ever greater prices? Perhaps. If not all of a sudden the greater fool basis of ownership is going to implode.
Can such a thing happen for the GT 350 or the GT500 or any of the other special Mustangs? I get that current owners may hope so. I have no idea on it.
Back in 2010 I finally got a place of my own. Not a rental. Felt comfortable about having an old nostalgia car around. Decided to look for a Porsche 914 as I had one back in the day. I knew going in how much trouble they were to keep running and expected to find one for not too much money. I was wrong. The speculators had already been at work. Buying barely running junk and flipping them. After some look- sees I decided the market was spoiled and have decided to let that idea go.
Sponsored