1965 912

"superdave847" (superdave847) 04/08/2020 at 18:43 • Filed to: None

4

17

So much want.

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WilliamsSW > superdave847 04/08/2020 at 18:46

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You had me at Irish Green

CB > superdave847 04/08/2020 at 18:53

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Hot. But I bet this will go for a stupid amount of money.

superdave847 > CB 04/08/2020 at 18:58

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Rightfully so. I’m not sure the last time I’ve seen a ‘65 for sale.

RallyWrench > superdave847 04/08/2020 at 19:29

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Delicious. The first Porsche I ever drove was a similar green ‘66 912. 

Rusty Vandura - www.tinyurl.com/keepoppo > superdave847 04/08/2020 at 19:51

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Rusty Vandura - www.tinyurl.com/keepoppo > WilliamsSW 04/08/2020 at 19:52

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Tires with actual sidewalls.

SBA Thanks You For All The Fish > CB 04/08/2020 at 20:01

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It might have in January... but I’m really curious what these values are doing THIS month on BaT.  I’m betting there’s an inflection point-- people are scared, even people with the money capable of taking this down.

superdave847 > RallyWrench 04/08/2020 at 20:11

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Lucky bastard!

superdave847 > SBA Thanks You For All The Fish 04/08/2020 at 20:12

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I keep an eye on the Porsche auctions, so far it doesn’t look a big slide prices. But I wouldn’t try to a car now without a reserve.

SBA Thanks You For All The Fish > superdave847 04/08/2020 at 20:31

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I have a Realtor friend down in LA. About three weeks ago she had SIX cash offers, at greater than asking price, for a $2M+ home she was listing agent on. By the end of the month? All six had evaporated. Not “re-negotiated”... just withdrawn.

People with money are just as scared as everybody else. Hell, Warren Buffett took a huge loss on his Delta, Southwest and AA airline stocks in the last week. 13 Million shares of Delta alone. At least an 80% loss.

In addition to reinforcing “Never buy airline stocks” it says even people with massive resources are going to take huge losses to stay liquid. I harbor no notions that my 911s are worth anywhere near, now, what they were worth 2 months ago.

John Norris (AngryDrifter) > superdave847 04/08/2020 at 20:33

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Pretty car. I’m sure it’s going to go for a lot. The 911 prices have dragged them up with them. I can’t see buy ing a Porsche though and having it be the slow Por sche.

fintail > SBA Thanks You For All The Fish 04/08/2020 at 20:54

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I wonder what this will do to the offshore cash buyer/residency purchaser/”investor”/capital hider/money launderer side of that market. Wouldn’t mind seeing that one die off, figuratively at the very least.

SBA Thanks You For All The Fish > fintail 04/08/2020 at 21:22

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Yeah, I talked to an Interior Designer friend from the Pacific NW today too. She says they anticipate their current design-build projects for the Spring completing on schedule— but the deal flow for “California buyers looking to relocate...” has dropped way off.

I’m hearing that the banks are basically making the lending standards more and more stringent by the day-- turning off the taps slowly but steadily.  It’s not exactly like we were back to the Wild West Days of 07-08, but the banks are cranking their risk factors way in.  Which is kinda the opposite of what the Feds want ‘em to do.

fintail > SBA Thanks You For All The Fish 04/08/2020 at 22:15

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I suspect many techbros/techcouples who’ve helped the market here become insane for normal working people might get cold feet. I’ve been keeping an eye on some job listings at certain firms, and there are hiring freezes or positions closed without being filled. If we had less Californicators, I wouldn’t complain. Same for the offshore unvetted money set who are responsible for countless vacant properties during a housing crisis. If this mess destroyed that base, I wouldn’t cry - I think it’s a crime they’ve been allowed virtual free reign to begin with . It might hurt some realtors or luckyboomers looking to cash out , but they’ll live.

If recovery is best case scenario, I think there will be a lot of recovery by Q4. This one shouldn’t be as bad as the great recession.

SBA Thanks You For All The Fish > fintail 04/09/2020 at 00:10

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Yeah. I hope it’s a quick recovery— and I hope I’m wrong. BUT... I’ve never seen a cycle like this that hammers so many industries and sectors at the same time. I’m pretty sure UBER’s numbers doing airport rides are way down. Restaurants? Coffee shops? Real estate is dead. Manufacturing shut down...

I don’t know that we’ve ever had a case where CA pegged over a MILLION unemployment claims in a single week... With the “gig economy”? Less safety nets.

And, on the other side of the ledger— Consumer debt is at an all time high, even as unemployment is at an all-time high. So, I hope I’m wrong, but I think there’s a big reckoning coming; it will take a while to work out of it.

I have a house I want to buy, but I’m gonna watch and wait for the market to come back to reality.  

fintail > SBA Thanks You For All The Fish 04/09/2020 at 00:21

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I think there’s a lot of pent up demand that’ll get things going once restrictions are lifted, but it won’t be easy yeah  People want to go out again, they want to shop and buy . There will need to be massive continuing stimulus with direct payments to consumers , and this might finally encourage the US to have a better s afety net along with a more just medical care system.  It won’t be instant, but I hope something positive comes of it, as the system wasn’t sustainable anyway.

I live in an area where I’ll never be able to afford a detached house with a reasonable commute. I know few in my general age demographic who have bought without family help. I’ll have to move, which I toy with a bit nowadays.

superdave847 > John Norris (AngryDrifter) 04/12/2020 at 23:31

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But,  aren’t most of the best Porsches slow?