Viper only go up in value

[Gen5snake]

Then there's the stupid....let's not forget this very important demographic. This group dwarfs the smart people with collaborative intent and is manipulated by the smart people with selfish intent. Stupid cannot be fixed.

The useful idiot.

[Pappy]

Regarding EVs, here is something interesting. I live in Queen Creek AZ, and LG was just about to start construction on a $1.3B battery production plant for "start-up EV manufacturers" - there are a couple in AZ. However, they have now put construction plans on hold due to "rising construction costs" and "reduced battery demand" - I will assume for the type of batteries they were planning on building there. FWIW https://www.bloomberg.com/news/artic...n-rising-costs

[Mikey]

Do any of you invest in real estate? The way some of the YouTubers make it sound, you can constantly just keep buying and refi and buy more. When I crunch the numbers, they don't add up

[ViperGeorge]

Do any of you invest in real estate? The way some of the YouTubers make it sound, you can constantly just keep buying and refi and buy more. When I crunch the numbers, they don't add up

I agree. Seems like the only way it works is if you can rent the property out for a good return but I think I can do better just investing in tax free municipal securities. I was a landlord once, never again. Worst experience. In fact I just sold a condo in Boston that I had bought for my daughter when she was getting her PhD there. Based on what I could rent it for it made more sense to sell it. I could only generate a return of around 4% before taxes. I'd rather have the capital and be able to invest it however I want. I have several friends that invest in real estate but I could never figure out why it was worth it to them. Maybe capital gains on the property was the answer but real estate is starting to soften now. Might not be the best time to buy.

[Lawineer]

Do any of you invest in real estate? The way some of the YouTubers make it sound, you can constantly just keep buying and refi and buy more. When I crunch the numbers, they don't add up

Do not take financial advice from influencers.
I'm not saying not to invest in real estate, but please dont listen to those internet monkeys.

[Mikey]

Do not take financial advice from influencers.
I'm not saying not to invest in real estate, but please dont listen to those internet monkeys.

I figured most of them are full of it, especially when I crunch their own numbers
I figured since I don't have a job, I'd be willing to put more sweat equity into a larger return

[Lawineer]

I figured most of them are full of it, especially when I crunch their own numbers
I figured since I don't have a job, I'd be willing to put more sweat equity into a larger return

I know a lot of successful people. None of them supplement their income with youtube adds by telling people how to do it. If someone really knew how to make money hand over fist 1) why would they tell the world 2) why would they be wasting their time to make a few hundred bucks by being an "influencer."

[Mikey]

I know a lot of successful people. None of them supplement their income with youtube adds by telling people how to do it. If someone really knew how to make money hand over fist 1) why would they tell the world 2) why would they be wasting their time to make a few hundred bucks by being an "influencer."

It was more so info on real estate, rather than them being an influencer
I've seen quite a few people do well in real estate, but it's nowhere near as fast as some folks make it out to be
I was thinking maybe I was missing something

[finalleaf]

It was more so info on real estate, rather than them being an influencer
I've seen quite a few people do well in real estate, but it's nowhere near as fast as some folks make it out to be
I was thinking maybe I was missing something

Luck is also a huge part, some of the "influencers" got into the real estate market as it started to boom again after 09, and they feel that their strategy will be forever feasible in any sort of market.
My home town Toronto real estate prices have dropped 20-30%+ since peak, and a lot of people who over-leveraged themselves with bunch of rental properties now are facing very fast rising variable interest rates (no 30 yr fixed in Canada) AND no home equity that they can take out of.

Similar to those "finance" gurus that give stock market advice just because they caught the biggest bull wave in recent memory

[Mikey]

Any of you ever register a car in Montana? A lot of these cars on BAT went for under trade in. So I could make some extra cash if I register them in a state without sales tax

[finalleaf]

https://bringatrailer.com/listing/2016-dodge-viper-gts/

quite a strong showing for this one..

[Mikey]

https://bringatrailer.com/listing/2016-dodge-viper-gts/

quite a strong showing for this one..

I saw, both GTS' did well. I can't imagine other than leather and suspension that there's that big of a difference between an SRT and GTS

[Policy Limits]

What are everyone's thought of the Viper going up in value?
Right now they cost more that their MSRP. Do you think its at its highest selling price or will it keep going up?

Here ya go:

[ViperJon]

Every single used car in the US would also being going up. This Covid and inflation period is unprecedented.

[Lawineer]

Every single used car in the US would also being going up. This Covid and inflation period is unprecedented.

This. The question is "will Viper values stay up" more than "have they been going up", and the timeline to answer that question is at least 2-3 years.

[bluesrt]

they will fall like a brick when the next big depression hits here real soon

[SRT_BluByU]

I noticed a few cars that have been listed all summer have already been relisted 20% below their initial asking price.. Im not sure how i feel about that..

[ViperGeorge]

they will fall like a brick when the next big depression hits here real soon

People with money typically don't get hurt as badly during a depression as the little guy. With Vipers going for over $300,000 you need to have money for sure. But then again maybe prices for Vipers with higher mileage or less desirable colors or options may in fact nose dive. Lack of parts could also cause prices to drop. Let's say you have a great looking ACR with low mileage but it has a broken window regulator. How much would it be worth to someone if they discover that the window part is unavailable. Ok, you could try the rebuilding service in AZ but there are now many other discontinued parts that would render the car undriveable.

[Aevus]

I noticed a few cars that have been listed all summer have already been relisted 20% below their initial asking price.. Im not sure how i feel about that..

Bubble burst.

It's happening for pretty much everything, not only Vipers.

[Murpowa]

I noticed a few cars that have been listed all summer have already been relisted 20% below their initial asking price.. Im not sure how i feel about that..

When the perceived value of a car doubles in just 2 to 3 years, things look rather frothy...

[Lawineer]

they will fall like a brick when the next big depression hits here real soon

Everything does. That's kind of a hallmark of depressions.

With that said, everything is coming down. Luxury watch prices are collapsing.

[Mikey]

I noticed a few cars that have been listed all summer have already been relisted 20% below their initial asking price.. Im not sure how i feel about that..

Prices will naturally go up and down in the short term, but over the next 2-3 years, I'd be surprised if viper prices don't trend up

[Aevus]

Prices will naturally go up and down in the short term, but over the next 2-3 years, I'd be surprised if viper prices don't trend up

if the next economic crisis (that already started in my opinion) lasts only 2-3 years, that would be very good news...

[Mikey]

Average recession is about 17 months, 2-3 years would be considered a depression. If that's the case, I have bigger concerns than the value of my Viper

[Aevus]

From the high of september 2007, the DOW JONES took almost 6 years to recover (winter 2013) at the same level.

Also, my opinion is the next crisis will hit harder (and somewhat differently) than 2008...

Bottomline, I wouldnt be surprised at all if a low milleage ACR-E priced at 300k in spring 2022 would be available at the very same price in 2028... and at 220k in 2024.