Funny Question
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV
Awesome!! How do you feel about the GS’s? Some people tell me they are slower because of the “weight difference” (a few hundred lbs at most) and the wider body etc. I just think they are the best looking c6 available. If I really want any more HP than 436 there are plenty of options, but without having driven one yet, I am assuming that 436 horses are more than enough to have a little fun; and fit right in the perfect niche for usable street power.
Thread Starter
Burning Brakes
Joined: Apr 2013
Posts: 759
Likes: 78
From: New Jersey
Haha I agree to some extent!!! I just wonder at what point does it become too much for everyday street use? I would plan to daily drive my car and while 800-1000 HP would be a AMAZING, I feel like 4-500 is still very respectable and usable on the street!
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV
Haha I agree to some extent!!! I just wonder at what point does it become too much for everyday street use? I would plan to daily drive my car and while 800-1000 HP would be a AMAZING, I feel like 4-500 is still very respectable and usable on the street!
Thread Starter
Burning Brakes
Joined: Apr 2013
Posts: 759
Likes: 78
From: New Jersey
Race Director
Joined: Aug 2002
Posts: 13,560
Likes: 781
Awesome!! How do you feel about the GS’s? Some people tell me they are slower because of the “weight difference” (a few hundred lbs at most) and the wider body etc. I just think they are the best looking c6 available. If I really want any more HP than 436 there are plenty of options, but without having driven one yet, I am assuming that 436 horses are more than enough to have a little fun; and fit right in the perfect niche for usable street power.
Thread Starter
Burning Brakes
Joined: Apr 2013
Posts: 759
Likes: 78
From: New Jersey
they are not slow -- just ask the few passengers I have had where I stick foot to the floor in 2nd gear -- Glad they had on underwear and pants.. cuz my passenger seat would be brown.. get the picture? but if you are really 24 going on 25 -- start with 300 or so HP -- if you can get to 30 yr old without hurting anyone - go to 350 HP -- if that is ok when you are 45yr old going on 46 -- goto 400 HP. if you are still ok at 60 then go for more HP. Be safe - Stay Safe.
Race Director
Joined: Sep 2007
Posts: 16,557
Likes: 2,108
From: Peoria/Phoenix AZ
C6 of Year Finalist (performance mods) 2019
Definitely, in that case you bought that house at the right time! That house today is probably worth 150-200,000.. especially here in jersey. Not to mention, taxes here on a 1000 sq. Ft condo are 3,500 a year, plus 2500 a year in hoa fees. If you’re wages tripled too from 500 too almost 1500 that sure would help paying it off a lot quicker.. a case of buying at the right time for sure. All this house talk is making me want another vette that much more 😁
Inflation in the '70s was 7.36%. If you bought a house at 6% in '70 it was like buying interest free in 10 years. Inflation in the past 10 years has slowed to less than 2%. Buying now at 4% interest is a bargain if we repeat with some high inflation in the next 10 years.
My advice to a young guy in NJ, is to get out now, while you still can.
Even though house prices in Phoenix are going up quickly, you can still buy a 2,000 sq ft house without a HOA for under $150K and less than $1500 taxes in a decent area.
Safety Car
Joined: Jan 2011
Posts: 4,959
Likes: 526
Yea....I find the term "inflation" to be almost every financial advisers weapon of choice...so-to-speak. Had a 100-k sitting in a bank once just sitting there doing nothing (which is pretty common these days). So their adviser called me in trying to talk me into opening some kind of account. Anyway, he asked me if I knew that I was losing 2% every year due to inflation? .So I asked him if I were to go with your suggestion, what would that 100-K be worth tomorrow morning after your fees...etc...etc. He looked surprised and he said....."about 94-K". I said so let me see if I understand this.....I lose 2% a year....or I lose 6% overnight ??....HUM....thats a tuff one. Don't get me wrong, I understand the long term possibilities, but they aren't guaranteed..... 
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Race Director
Joined: Sep 2007
Posts: 16,557
Likes: 2,108
From: Peoria/Phoenix AZ
C6 of Year Finalist (performance mods) 2019
Yea....I find the term "inflation" to be almost every financial advisers weapon of choice...so-to-speak. Had a 100-k sitting in a bank once just sitting there doing nothing (which is pretty common these days). So their adviser called me in trying to talk me into opening some kind of account. Anyway, he asked me if I knew that I was losing 2% every year due to inflation? .So I asked him if I were to go with your suggestion, what would that 100-K be worth tomorrow morning after your fees...etc...etc. He looked surprised and he said....."about 94-K". I said so let me see if I understand this.....I lose 2% a year....or I lose 6% overnight ??....HUM....thats a tuff one. Don't get me wrong, I understand the long term possibilities, but they aren't guaranteed.....
Team Owner
Joined: Mar 2014
Posts: 21,631
Likes: 1,144
From: Below the bottom of Berby Hollow, NYS
If you had that same $100K in a bank earning 2% back in 1979, by 1991 it would have been worth $77K, due to the annual inflation rate of 12.9% for those two years. Buying land or housing is a hedge against high inflation. In times of low inflation like the past 10 years, it's not that big of a deal, unless you sit on a really low interest rate for a long term. Land or housing in a growing population area beats inflation, even if you only rent it out for the price of your costs.
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV
Team Owner
Joined: Mar 2014
Posts: 21,631
Likes: 1,144
From: Below the bottom of Berby Hollow, NYS
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV
Team Owner
Joined: Mar 2014
Posts: 21,631
Likes: 1,144
From: Below the bottom of Berby Hollow, NYS
1) How old is the person?
2) What are the goals for the money? (retirement, down payment for future house, play money, saving for kid's college, etc.)
3) Everyone has to figure out what their risk level is.
Beyond that, the big mistake most people make is selling in a panic. Once you sell, you just locked in your losses.
Prices for any type of asset can vary widely, and the more liquid they are (like most stocks) the more volatile the price is. In a downturn just keep the assets and ignore the daily price noise. If you can't take the volatility then you shouldn't be in stocks ("risk level").
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV
In general, before investing one dime:
1) How old is the person?
2) What are the goals for the money? (retirement, down payment for future house, play money, saving for kid's college, etc.)
3) Everyone has to figure out what their risk level is.
Beyond that, the big mistake most people make is selling in a panic. Once you sell, you just locked in your losses.
Prices for any type of asset can vary widely, and the more liquid they are (like most stocks) the more volatile the price is. In a downturn just keep the assets and ignore the daily price noise. If you can't take the volatility then you shouldn't be in stocks ("risk level").
1) How old is the person?
2) What are the goals for the money? (retirement, down payment for future house, play money, saving for kid's college, etc.)
3) Everyone has to figure out what their risk level is.
Beyond that, the big mistake most people make is selling in a panic. Once you sell, you just locked in your losses.
Prices for any type of asset can vary widely, and the more liquid they are (like most stocks) the more volatile the price is. In a downturn just keep the assets and ignore the daily price noise. If you can't take the volatility then you shouldn't be in stocks ("risk level").
Team Owner
Joined: Mar 2014
Posts: 21,631
Likes: 1,144
From: Below the bottom of Berby Hollow, NYS
I'm not one to brag but I'm in a lot better place than most. 38 years ago when I bought my last house the owner told me he lost a $100 bill in the back yard and couldn't find it. I told him if I found I'd return it. Never found it but the next thing I know a few years later I had a money tree sprouting $100 bills so fast it was a struggle to keep up with them. I haven't worked for so long I can't remember and I even pay the IRS more than necessary because I'm just a nice guy. Oh, I did return the guy's $100. If it ever stops producing I'm up **** creek.
Safety Car
Joined: Jan 2011
Posts: 4,959
Likes: 526
If you had that same $100K in a bank earning 2% back in 1979, by 1991 it would have been worth $77K, due to the annual inflation rate of 12.9% for those two years. Buying land or housing is a hedge against high inflation. In times of low inflation like the past 10 years, it's not that big of a deal, unless you sit on a really low interest rate for a long term. Land or housing in a growing population area beats inflation, even if you only rent it out for the price of your costs.
Team Owner
Joined: Mar 2014
Posts: 21,631
Likes: 1,144
From: Below the bottom of Berby Hollow, NYS
Le Mans Master
Joined: Feb 2014
Posts: 5,463
Likes: 1,138
From: Chino CA
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV