11-26-2008, 11:01 PM
My high school car was a ratty 1970 GS. Let's just say that the person who is attracted to the GS line of that era is probably not your normal hot rod collector type.
"A Grand National with very low miles is worth more now than 20 years ago new."
I'd say that is good evidence right there that the market is overdue for a reality check.
All those cars, from a decent Falcon ragtop to SS396 to a 63 Impalla SS to a '70s small block Vette are, at best, $10k cars.
Don't get me wrong, they're cool cars. But they were never worth big money and my bet is the prices on a lot of them are going to crash now that Mr. Graybeard owner guy's bank is calling about his home equity loan for that "new bathroom" he put in back in '03.
"A Grand National with very low miles is worth more now than 20 years ago new."
I'd say that is good evidence right there that the market is overdue for a reality check.
All those cars, from a decent Falcon ragtop to SS396 to a 63 Impalla SS to a '70s small block Vette are, at best, $10k cars.
Don't get me wrong, they're cool cars. But they were never worth big money and my bet is the prices on a lot of them are going to crash now that Mr. Graybeard owner guy's bank is calling about his home equity loan for that "new bathroom" he put in back in '03.