Probably lots do, all across the net worth spectrum.This quote is hidden because you are ignoring this member. Show Quote
And that's not even counting all the people who have a negative net worth, which is pretty common.
Probably lots do, all across the net worth spectrum.This quote is hidden because you are ignoring this member. Show Quote
And that's not even counting all the people who have a negative net worth, which is pretty common.
Last edited by ExtraSlow; 05-10-2021 at 06:49 AM.
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Tried and failed?This quote is hidden because you are ignoring this member. Show Quote
Let’s just say the guy in Vancouver who bought my C63 had 2 bill of sales.
This is now a nation wide problem, the slice of the pie on the table to figure out better options is a whole lot bigger.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
"Mostly"This quote is hidden because you are ignoring this member. Show Quote
ICBC aint dumb, if the BOS value is significantly lower than market, they'll charge you PST on black book.
Lots of people out there are stupid.This quote is hidden because you are ignoring this member. Show Quote
It would actually be quite smart if that 20% is going toward the right car. Specially if your net worth is over $6,000,000.
Last edited by BavarianBeast; 05-10-2021 at 02:07 PM.
I'm not an expert, but something tells me that speculating on the 7 figure supercar market is volatile and - to an extent - illiquid.
We need to know how it compares to real estate as an asset class. @Buster ?
too speculative for me. Takes some luck.This quote is hidden because you are ignoring this member. Show Quote
I'll pass
I'm going to say that having a negative net worth, valued in US dollars in 2021 - Is not entirely bad.
Cocoa $11,000 per tonne.
Liquidity of a movable object, requires that the borders be open. The main selling point of having a car is that its a movable asset. You have to bring buyers to a house, if that house is in an area that just had a 9.0 earthquake - you are SOL. Whereas if you have a car or yacht, you should be able to bring it to a buyer.
But with border restrictions in place harder than 9/11 and maybe into the forseeable future: A mobile asset might definitely not be as liquid as previously thought. So yes, illiquid.
The greater question is what is the value of mobility going into the future? As far as I can tell, it could be a 2 Horsepower electric car with AI brain delivering your groceries and pizza to your house for two copper cents worth of electricity. Which may make the traditional car quite a bit less valuable other than as a museum piece as art.
This being beyond, I can imagine its a hard sell.
Last edited by ZenOps; 05-10-2021 at 04:35 PM.
Cocoa $11,000 per tonne.
Not really, can you name a hypercar that was over $1,000,000 MSRP that hasn’t appreciated in the last decade? I’m not sure there are any and if there are, it’s only a handful.This quote is hidden because you are ignoring this member. Show Quote
I'm not talkng about the past, I'm talking about the future.This quote is hidden because you are ignoring this member. Show Quote
Severe shortage of RV's right now though, just to mention.
Cocoa $11,000 per tonne.
Is that how you pick your stonks? Gone up for the last while, therefore it must continue?This quote is hidden because you are ignoring this member. Show Quote
Wishing you bought TOU now? Not to worry, the car and stonk market isn’t for everyone.
This is definitely trueThis quote is hidden because you are ignoring this member. Show Quote
True.This quote is hidden because you are ignoring this member. Show Quote
Looking at stocks that have gone up (or down) after not buying them at some point in the past is pointless.
It might not be safe to assume that a combustion supercar dealership will actually be a thing in the future. Never thought I'd see the day a NHL player declare bankruptcy on $49 million either, but these are the times we live in.
Can you sell a supercar on a newspaper ad? I'm thinking probably not.
Cocoa $11,000 per tonne.