Quote:
Originally Posted by Deep_Blue
Speed Boats - yes (normally highly leveraged, depreciating assets)
Classic Porsches - no (sometimes leveraged, appreciating assets)
If you look at Hagerty's data, Classic 911s were flat through the recent recession. They just didn't trade much.
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Stop bursting my P Car bubble! I need process to tank so I can justify the purchase.
Good for you on the rental property. I REALLY wish I had pounced on that 5 years ago when the Seattle market was just heating up. It's now at insanity level 10. Crappy 1 bedroom tear downs that are condemned are going for $500k+. Many of the millennials in my office are paying significantly more in rent for a 1 bedroom apartment than I do on my 3 bedroom 2 bath home mortgage.