Re: World Record Price for Yenko Camaro?
Quote: On a side note, this past weekend I was visiting with some one who is not into cars, but is into making $$$. He told me that according to several investment experts, musclecars is the #1 investment right now
Same exact comments I heard in 1989 before the collapse of prices. Notice how many collections are now coming up for sale all of a sudden just in the last month??.. Barris, BoB McDorman collection out of Columbus (supposedly the largest Chevrolet collection in the world) come right off the top of my head.
These guys are not dumb. They are getting out while the getting out is good.
Article came out today about the pending "Housing Bubble" collpase.
Areas like Miami that were growing 20-30% per year in value have just suddenly very rapidly leveled off. The article said people who were waiting in line for 6 weeks at one Condo place that was under construction to get a unit last year now have a buyers market. Now there are vacanncies everywhere and "Vulture Capitalist" groups are the hottest investment trend being formed today. Groups of people are forming these "vulture capitalist" groups with $$ to buy properties at upcoming foreclosures for cheap.
My prediction is the drop in housing prices is going to really affect the car prices. I think they will coincide with one another.
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