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This entire conversation strikes a funny bone for me personally... and I'll tell you why.
Charley and I are at Thunderhill Raceway... and when I'm pulling out of there on Sunday afternoon... I drive past a bunch of big azz motorhomes with stackers and there's GT40's inside - and dedicated "real" race cars... and Panoz...and well - you get the picture. I'm in my 2006 Ford Dually - towing a 24' single car hauler... and I'm thinking (asking myself). Holy crap! I wonder WTF those guys do for a living?!?! |
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Jim --
The big problem "stems" from -- your house wasn't worth what it was "worth" at the top either... :D Not saying your house in particular... but houses in general. And then -- many of the cars that were built -- or that were in the works -- were being built with money borrowed against that "worth"... which is now worthless... and the car that was "worth" 200K on Barrett Jackass is now also "worthless" (worth less is almost worthless).... so double whammy.... Which brings us to "averages"... on average - houses went up about 3% a year... UNTIL they went up 25% a year for two or three years... which now has to go down just as much until we get back to those "averages". It sucks - because it was so much fun for people to feel good about everything they touched doubling in value every year... :D The car market was our first clue into the senselessness of the "over inflated" world... when we watched dumbasses bid up CLONE/COPIES/PHONY cars on Barrett Jackass to 150 and 200K... Was fun meeting you at SEMA at our Lat G get together! :cheers: |
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I'm a CPA and so of course just like the nerdy reputations we have I have tracked every penny that has gone into every car I've owned since I got my first car at 17. And all that data is in Quicken and so I can slice and dice it many ways. Lets just say that I'd have a whole lot more "wealth" if I never got so into cars. Personally, I have nothing against this thread given that its anon. I clicked on it because I was curious too :) |
Well, it's not technically anonymous. The admins, and possibly the OP and the mods can see who voted which way.
Depending on how the board is set up. Not 100%. ~Eric From the lady in waiting of the under secretary of Just Sayin', I'm just sayin' |
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Not sure what admin and mods can see. I wanted it to be anonymous. |
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