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I think your posts are reflective of your understanding at this stage in your life.
Only responding to your post...
Quote:
Originally Posted by Perma Bear
Sold a gt for more than he bought it for, you're losing credibility with your anecdotes.
He is an older guy and his Ford GT purchase gave him enjoyment and bragging rights... and he came out way ahead... what is not to like?
Guess he could have bought a gold mine too...
I truly wish you luck and the wisdom that comes from experience.
My Grandfather had a sign over his desk for my entire life.
It read, "If you are so damn smart why aren't YOU rich"
For the rest of us we do the best we can and carry on.
I have too many residential properties so I've been doing 1031 exchanges into commercial... really no longer desire to buy anything with a bed... business to business rentals and NNN are so much more enjoyable... no one calling at midnight saying the toiler overflowed.
Contrary to popular opinion being a hands on property manager is a job... one that require a wide variety of skills... from people skills, business, construction and applicable code and legal... if it was easy, no one would ever sell.
I think your posts are reflective of your understanding at this stage in your life.
Only responding to your post...
He is an older guy and his Ford GT purchase gave him enjoyment and bragging rights... and he came out way ahead... what is not to like?
Guess he could have bought a gold mine too...
I truly wish you luck and the wisdom that comes from experience.
My Grandfather had a sign over his desk for my entire life.
It read, "If you are so damn smart why aren't YOU rich"
For the rest of us we do the best we can and carry on.
I have too many residential properties so I've been doing 1031 exchanges into commercial... really no longer desire to buy anything with a bed... business to business rentals and NNN are so much more enjoyable... no one calling at midnight saying the toiler overflowed.
Contrary to popular opinion being a hands on property manager is a job... one that require a wide variety of skills... from people skills, business, construction and applicable code and legal... if it was easy, no one would ever sell.
A broken clock is right two times a day. I can see the family resemblance.
Did you know it's colder in the Midwest sometimes than the surface of mars?
That's lovely for the Midwest and Mars. I don't live in either. Again, I'm fine with the weather where I live. I purposely moved here almost 5 years ago. Have no intention of ever leaving the area unless transferred by my husband's job and neither one of us would go willingly v
After the initial rush there was a sweet spot price wise... he had it brought in from a distant dealer which helped... sticker was like 140k and he paid 160k and sold it for 210k... maintenance was included and it was still under warranty...
Again it is knowing how to buy and when to buy... he has always done well with cars... owning them and later selling... all the way back to the original GT40's and Cobra Roadsters of the 1960's.
Remember when he bought the economy was roaring and when he sold in 2011 it was depressed... none the less a 50k profit in 5 years with bragging rights... what is not to like?
A burger flipper knowing how to buy and when to buy would not have been able to buy a GT. Knowledge is overrated where Cash is King.
That's lovely for the Midwest and Mars. I don't live in either. Again, I'm fine with the weather where I live. I purposely moved here almost 5 years ago. Have no intention of ever leaving the area unless transferred by my husband's job and neither one of us would go willingly v
Ah so you have burning hot weather... south/desert? Or **** east coast hurricane weather?
Ah so you have burning hot weather... south/desert? Or **** east coast hurricane weather?
Neither one. I live in the Northeast. Hurricanes don't make it this far inland and don't impact the entire East Coast. They don't happen all the time either.
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,345 posts, read 8,557,056 times
Reputation: 16674
Quote:
Originally Posted by Ultrarunner
I think you have identified the problem... you do not know what you do not know.
Paid 160k for his 2006 Ford GT and sold it 5 years later for 210k... 50k plus the fun and pleasure of owning it.
NEW YORK (CNNMoney) -- Most six-year-old cars are worth about a third of their original sticker price, and even most high-performance exotic cars lose substantial value over that amount of time.
But one carmaker created an automobile that broke all the normal rules and that is -- six years after its introduction -- actually worth more than its original price. And it wasn't any fancy European ultra-luxury brand, either. It was Ford Motor Co. (F, Fortune 500)
You are arguing with someone who lives at home with mommy and thus limited life experience. Worse permabear thinks they actually know something and loves to make incorrect statements they can't back up.
People who know cars know that the original and new version of the ford gt sells for more than the original price. Many limited and once common older cars are collectible and sell for way more than what they were when new. From another post I know you had a couple I'll bet you still had now.
Neither one. I live in the Northeast. Hurricanes don't make it this far inland and don't impact the entire East Coast. They don't happen all the time either.
Sandy says hi.
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