why so expensive ??
Team Owner
Joined: Aug 2007
Posts: 58,061
Likes: 7,146
Army
I just sold a house for $50,000 less than I paid for it in 2004 because after a year on the market there were no buyers at any other price and that was all I could get for it. In my case the buyer and the seller both had to bring a huge check to closing. The business we are complaining about here is small potatos compared to that. If you have to sell a house anytime soon you might direct some of that frustration toward the real pinstripe bandits.
Anyway...I want to buy up all these old beat-up parts off eBay and bolt them on a project car and sell it as a "survivor tribute" on a BJ auction. Everybody wins...me, eBay, Pro-Team, BJ, the bidders with "stupid" money to burn.
Drifting
Joined: Mar 2006
Posts: 1,253
Likes: 41
From: Delray Beach Florida
This is not an attempt to defend the ethics of the business under discussion, merely an observation. We will complain about a business attempting to make a profit by trying to sell parts we all happen to be quite familiar with for much more than we think they are worth..
but we say very little when banks and lending industry insiders scheme to blow a huge unsustainable real estate price bubble forcing all of us to pay higher mortgages and it crashed and made negative equity holders of us all with a real problem.
I just sold a house for $50,000 less than I paid for it in 2004 because after a year on the market there were no buyers at any other price and that was all I could get for it. In my case the buyer and the seller both had to bring a huge check to closing. The business we are complaining about here is small potatos compared to that. If you have to sell a house anytime soon you might direct some of that frustration toward the real pinstripe bandits.
but we say very little when banks and lending industry insiders scheme to blow a huge unsustainable real estate price bubble forcing all of us to pay higher mortgages and it crashed and made negative equity holders of us all with a real problem.
I just sold a house for $50,000 less than I paid for it in 2004 because after a year on the market there were no buyers at any other price and that was all I could get for it. In my case the buyer and the seller both had to bring a huge check to closing. The business we are complaining about here is small potatos compared to that. If you have to sell a house anytime soon you might direct some of that frustration toward the real pinstripe bandits.
But in the same token ...if you were to buy a home - the seller is in the same situation as you were,unfortunately taking a hit ... that being said the market dictates the price ... try to sell the corvette that you just installed the original sun visors on for the marked up price to recoupe the expense ... I dont believe that would happen .. just my 2 cents
Le Mans Master
Joined: Oct 2004
Posts: 5,841
Likes: 19
From: CLT, North Carolina
But in the same token ...if you were to buy a home - the seller is in the same situation as you were,unfortunately taking a hit ... that being said the market dictates the price ... try to sell the corvette that you just installed the original sun visors on for the marked up price to recoupe the expense ... I dont believe that would happen .. just my 2 cents
Drifting
Joined: Mar 2006
Posts: 1,253
Likes: 41
From: Delray Beach Florida
This is not an attempt to defend the ethics of the business under discussion, merely an observation. We will complain about a business attempting to make a profit by trying to sell parts we all happen to be quite familiar with for much more than we think they are worth..
but we say very little when banks and lending industry insiders scheme to blow a huge unsustainable real estate price bubble forcing all of us to pay higher mortgages and it crashed and made negative equity holders of us all with a real problem.
I just sold a house for $50,000 less than I paid for it in 2004 because after a year on the market there were no buyers at any other price and that was all I could get for it. In my case the buyer and the seller both had to bring a huge check to closing. The business we are complaining about here is small potatos compared to that. If you have to sell a house anytime soon you might direct some of that frustration toward the real pinstripe bandits.
but we say very little when banks and lending industry insiders scheme to blow a huge unsustainable real estate price bubble forcing all of us to pay higher mortgages and it crashed and made negative equity holders of us all with a real problem.
I just sold a house for $50,000 less than I paid for it in 2004 because after a year on the market there were no buyers at any other price and that was all I could get for it. In my case the buyer and the seller both had to bring a huge check to closing. The business we are complaining about here is small potatos compared to that. If you have to sell a house anytime soon you might direct some of that frustration toward the real pinstripe bandits.
I think you are right... the era of stupid money is probably over. You could argue that collector cars were another obvious bubble where prices rose far above sustainable market economics. It will be interesting watch the dealers who obtained inventory at peak bubble prices to see how they fare in the future. My boss has been buying post bubble Barrett Jackson cars recently 10 and 12 at a time and has over 200 now.
Le Mans Master
Joined: Oct 2004
Posts: 5,841
Likes: 19
From: CLT, North Carolina
He has access to far better economic advisors than we could ever find but I still wonder how the money side could possibly work out well with all those cars. Many say we have not hit bottom yet and it is impossible to reinflate a burst bubble. The money is simply lost so we pick up our chips and go look for another game. Of course you can't find two economists who will agree on anything either so perhaps the right answer is no one really knows.
Drifting
Joined: Mar 2006
Posts: 1,253
Likes: 41
From: Delray Beach Florida
He has access to far better economic advisors than we could ever find but I still wonder how the money side could possibly work out well with all those cars. Many say we have not hit bottom yet and it is impossible to reinflate a burst bubble. The money is simply lost so we pick up our chips and go look for another game. Of course you can't find two economists who will agree on anything either so perhaps the right answer is no one really knows.
Melting Slicks
Joined: Jan 2010
Posts: 2,565
Likes: 1
From: Melbourne victoria
He has access to far better economic advisors than we could ever find but I still wonder how the money side could possibly work out well with all those cars. Many say we have not hit bottom yet and it is impossible to reinflate a burst bubble. The money is simply lost so we pick up our chips and go look for another game. Of course you can't find two economists who will agree on anything either so perhaps the right answer is no one really knows.
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