A hard rain is going to still fall. Probably going to get bad in September when they decide to cancel school again. I think it’s coming.
Dead cat bounce this summer, people are going to splurge a bit after been cooped up for months, but the virus is still going to wipe out nursing homes, no one wants to go to urban areas while social issues are causing more rallies and the occasional riot. People are going to hunker down in the suburbs and rural areas. The longer this goes on, the more permanent the shift to telework it becomes for creative jobs. Commercial real estate and the service industry are going to take a hard kick to the plums.
Luxury is finally going to pop this round. Aston and Bentley have announced substantial layoffs, I read one report last night that put the Swiss watch business down 68% last month. 0% interest for 84 months doesn’t mean diddly if you can’t make the payment.
Now, behind all of that doom and gloom, we’re entering the era where we will see the largest generational transfer of wealth. From a tax man perspective, it’s best for that to happen when prices are down 50%. It’s a big club, and most aren’t in it... On Jun 20, 2020, at 8:31 AM, scott saidel <Scott_Saidel [at] hotmail.com> wrote:
Still falling. Still a way to go, I think.
Before the blow up - 308s in the 30s-40s. Mondials and gt4s less.
550/575 in the 70s
My bellwether 355 in the 50s
Talking real cars not crazy prices for untouched relics.
I’d be surprised if we didn’t get back there. Fall is real. Profiteers bailing push prices down faster.
Oh, and economy going to shit
Not to worry cycle will repeat. In addition, I find the Car money circular - brass cars -> muscle -> exotic. Oddly, right now, everything seems flat. Money pulling out, not coming back in. I expect it to return but think there is a whole lot of wait
and see in the markets right now.
That is where I am - in cars and real estate right now.
Would love to hear what you all think - as I really do consider this group a brain trust of diverse backgrounds- real estate, cars, oil, tech, rock n roll etc!
For me off to the barn to see how badly the new drone scares the horses! BTW, cLyDe I’ve got to get you to try drone with FPV (first party view) goggles. Like flying IFR.
Have a great with everyone and stay safe and healthy.
Sent from my iPhone
On Jun 20, 2020, at 9:10 AM, Lashdeep Singh via Ferrari <ferrari [at] ferrarilist.com> wrote:
Not perfect or original and it will need plenty of sorting.
Still, $70k for a TR is pretty good.
On Jun 19, 2020, at 16:14, Clarence Romero Jr. <clyderomerof4 [at] gmail.com> wrote:
https://bringatrailer.com/listing/1987-ferrari-testarossa-14-2/?utm_source=transactionalemail&utm_medium=email&utm_campaign=bat_watched_listing_ended
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RF4-4EVR
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