Mick80 Posted October 19, 2018 Share Posted October 19, 2018 Sorry for upsetting the investors out there, but I remember when restoring cars was an actual hobby to be enjoyed between (usually trades employed at less than $50K PA) friends and family (I.E. fathers and sons) rather than another financial pursuit for cashed up university level experts who were keen on fattening their pockets. In 2007 these prices were nowhere near what they are now: http://www.americanused.com.au/ And don't give me that crap about rarity or scarcity, they are only rare and scarce because a new breed of fancier (investors) stuck their noses in the hobby. Tell it like it is Friday!! Link to comment Share on other sites More sharing options...
jason1 Posted October 19, 2018 Share Posted October 19, 2018 Yup that is so true Ive been in car clubs for years, and some the prices and ways cars have been inflated is extremely questionable. I know for a fact collectors and clubs inflate prices, have seen and been part of car club conversations where they have openly talked about tactics on how they were inflating prices. Turning cars worth $2k into cars worth $30k with in 6 months. and the most common way was for the group pumping prices was to buy a few of the same cars, a few members would post cars for crazy prices, eg a car that would sell for $3k normally, a few guys would list online on sites like ebay, carsales, gumtree and so on for stupid amounts like $50k knowing they were not going to sell it at that price, but knowing then it would get spread around the forums and car clubs, laughed at by members, but other members would like little sheep list their cars for $30k lol, all the sudden that was the new price, every one thought their $3k car which was not typically a sort after model is now worth $30k but not only that would also start buying up every car of that model and the prices get pumped. . I left my last club because as it became apparent it was all about the money with these newage car club people. I hate car clubs for this very reason, Allot of members get played and not even realize they are being played. It is really easy in a club situation to pump car prices collectively. Especially a hand full of the most prominent members collectively start the pumped prices rolling and every one follows along like sheep. I cannot stand car clubs, they are now full of greedy people out to make money not enjoy cars. most members now have no skills at being able to restore a car them selves, but have plenty of ability to make money. Sadly many of these people dont stop with cars, they move onto other hobbies, the tighter the community the easier it is to exploit. Link to comment Share on other sites More sharing options...
loki4101 Posted October 19, 2018 Share Posted October 19, 2018 Ive worked on car for as long as i can remember and right now my wife and I are looking for a project the both of us can enjoy, even the price increase in just the last 2 years is insane, a car I looked at 2 years ago for 3k and didnt buy, then strangely enough the same car again 6 months after that, 3k again both times overpriced came up for sale again 2 months ago and had half a dozen people fighting over it at 5k...just insane Link to comment Share on other sites More sharing options...
Rob1966 Posted October 19, 2018 Share Posted October 19, 2018 Yup that is so true Ive been in car clubs for years, and some the prices and ways cars have been inflated is extremely questionable. I know for a fact collectors and clubs inflate prices, have seen and been part of car club conversations where they have openly talked about tactics on how they were inflating prices. Turning cars worth $2k into cars worth $30k with in 6 months. and the most common way was for the group pumping prices was to buy a few of the same cars, a few members would post cars for crazy prices, eg a car that would sell for $3k normally, a few guys would list online on sites like ebay, carsales, gumtree and so on for stupid amounts like $50k knowing they were not going to sell it at that price, but knowing then it would get spread around the forums and car clubs, laughed at by members, but other members would like little sheep list their cars for $30k lol, all the sudden that was the new price, every one thought their $3k car which was not typically a sort after model is now worth $30k but not only that would also start buying up every car of that model and the prices get pumped. . I left my last club because as it became apparent it was all about the money with these newage car club people. I hate car clubs for this very reason, Allot of members get played and not even realize they are being played. It is really easy in a club situation to pump car prices collectively. Especially a hand full of the most prominent members collectively start the pumped prices rolling and every one follows along like sheep. I cannot stand car clubs, they are now full of greedy people out to make money not enjoy cars. most members now have no skills at being able to restore a car them selves, but have plenty of ability to make money. Sadly many of these people dont stop with cars, they move onto other hobbies, the tighter the community the easier it is to exploit. Sounds exactly like what is happening in the pinball and arcade communities Sent from my iPad using Tapatalk Link to comment Share on other sites More sharing options...
Mick80 Posted October 19, 2018 Author Share Posted October 19, 2018 It shits me to tears An old bloke who I did my apprenticeship with always said to me " I've never seen a hearse with a strong box attached". I've been to a good share of funerals as everyone on here probably has and I've never forgotten that saying. Money only gets you so far. Time spent with people counts for more. Why live your life as though money is forever? Look at Michael Jackson, Prince, George Michael, Michael Hutchence etc etc etc. They could have anything, any lady, any holiday etc. They're gone and we're alive. Investments don't exist! It's just greed! Link to comment Share on other sites More sharing options...
Lou Posted October 19, 2018 Share Posted October 19, 2018 so the investors can't invest in cars, pinball , etc etc what do they invest in ! - - - Updated - - - It shits me to tears An old bloke who I did my apprenticeship with always said to me " I've never seen a hearse with a strong box attached" and that's why people buy shit , you call it investing i call it living and enjoying life Link to comment Share on other sites More sharing options...
Autosteve Posted October 19, 2018 Share Posted October 19, 2018 Every market has a bubble and when it bursts you then see what things are really worth. If you're impatient, credit lets you have it now but you have to ask yourself, is it really worth it. Link to comment Share on other sites More sharing options...
blue95 Posted October 19, 2018 Share Posted October 19, 2018 The thing with people saying there are no cheap cars anymore aren't thinking outside the box, newer Australian made v8's are cheap(ish) and plentiful at the moment https://www.gumtree.com.au/s-ad/merewether-heights/cars-vans-utes/2006-ford-xr8-automatic-/1185079224 https://www.gumtree.com.au/s-ad/newcastle/cars-vans-utes/vx-ss-holden-commodore-auto-5-7ltr/1197944602 Link to comment Share on other sites More sharing options...
jason1 Posted October 19, 2018 Share Posted October 19, 2018 so the investors can't invest in cars, pinball , etc etc what do they invest in ! - - - Updated - - - and that's why people buy shit , you call it investing i call it living and enjoying life Living and enjoying life is what people used todo, working enough to put food on the table but still afford you plenty of time with the family todo meaningful things with them. the rest is just bullshit, including the whole Money money money investment thing. Sounds corny but its f--ken true. Link to comment Share on other sites More sharing options...
angs1957 Posted October 20, 2018 Share Posted October 20, 2018 The younger generation live for today they do not hesitate to be in debit to their eyeballs but do not understand long term. This generation cannot afford a house, car and splash on an investment like a collectable car unless a hefty inheritance is coming. Old cars need maintenance so if your willing to just open your wallet every time you need a repair you`ll never get ahead. Yes I do agree that cars especially collectable cars are overpriced, a mock up XY GT is going for $100K. Link to comment Share on other sites More sharing options...
narf_ Posted October 20, 2018 Share Posted October 20, 2018 My old man is in the veteran car club Hes not out to get the fastest or fanciest cars. Atm hes buying up old vauxualls,mg ect they are cheap and usually come with a spare parts car or 3 lol Just lots of old steel built for casual cruise around like a pair of old farts. Link to comment Share on other sites More sharing options...
Mick80 Posted October 20, 2018 Author Share Posted October 20, 2018 The younger generation live for today they do not hesitate to be in debit to their eyeballs but do not understand long term. This generation cannot afford a house, car and splash on an investment like a collectable car unless a hefty inheritance is coming. Old cars need maintenance so if your willing to just open your wallet every time you need a repair you`ll never get ahead. Yes I do agree that cars especially collectable cars are overpriced, a mock up XY GT is going for $100K. You've got to wonder if Ford and Holden considered dragging out the old presses (or probably having to re-make them) and started making XY/XW Falcons and Monaros again. Considering the market seems so large they could have been on to something. We'll never know. Link to comment Share on other sites More sharing options...
Skywalker Posted October 22, 2018 Share Posted October 22, 2018 Holden Camira's are still cheap. Link to comment Share on other sites More sharing options...
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