Hi All
By now many of you know me and I now feel that I am a privileged member of the Monaro fraternity. It is a great thing to be a part of.
You also know I put my name after my comments.
People who remain anonymous have NO conviction or credibility and their comments should be ignored.
I can't get over how some of you can be so negative about a wonderful hobby!
Do you like seeing hard working people suffer financially?
Are you waiting for an opportunity to pounce on a fellow enthusiast's misfortune?
Do you enjoy making your contribution to driving the value out of an important specialised industry in Australia?
I do agree in not sympathising for greedy speculators who made hundreds of percent during the boom.
Like many people out there I paid top dollar for a top quality car. Like many I did not buy it speculating on its possible value increase even though I concede it would be nice to see my car at least hold its value. Like many I bought it because I have a passion for muscle cars.Like many I am not in a rush sell this or any of my other cars.
Sadly there are many honest enthusiasts who paid big money for the dreams they may have waited decades for.
The speculators came in, raided everything and left with handsome returns. The speculators who hung on for that little bit extra lost (or at best got their dough back).
At the peak of the boom many people (unwisely) accessed their home mortgages to buy a muscle car. Plenty of average cars changed hands for too much money. Things got tough and many cars have been subject to fire sales. Among them have been some real bargains with top quality cars going cheap because of their owners bad situations.
Right now the market is on a bit of a flat line and will probably remain so for some time. When the market improves collectables will follow behind.
Thanks to the internet and other things next time around buyers will be more savvy and cr@p cars won't go for outrageous prices again.
I think that the garden has been weeded.
Good cars will again hold good value.
I've always looked at the muscle car thing as a hobby that , if you look after your pride and joy, should reward you with a fair return which allows you to continue with it. I feel that this attitude is what has pushed continuous popularity of the hobby (along with the fact that Aussie muscle cars are just great!).
By the way Darren Atkins is a fair dinkum bloke. His Monaro is a fine example with a high profile and it is worth more than $115k.
We need the Byrons and James, the Rare Spares and Paul Harrisons, Terrys , restorers, upholsterers, panel beaters and parts reproducers.
(Edit): Not to mention Ben Stewart and Warren Turnbull.
Keep talking things down and they will all eventually dissapear.
Cheers
Nick Moran
Yamba
NSW
Edited by user Monday, 7 February 2011 6:28:44 PM(UTC)
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