House prices rebounding. Will muscle cars follow?

[dusty]

We've all been through the terrible economy over the last 5 years or so. I've been watching home prices rebound a good bit and have been wondering if anyone thinks that since home prices are coming back then the muscle car/collector might follow..

I have no idea and am sure the mainstreet press can find another thing for us all to run around hair_on_fire scared, but given the real estate rebound and despite the Fed tapering...


Maybe in 3 or four years we'll see prices come up a bit.

Looking at Hagerty prices are up for most cars except the super high end ones...

Who knows... Anyone have thoughts on the topic?

[Bullitt-]

Is your house worth more....OR is your money worth less? 

[HP_Cuda]

Sadly unless we experience another bubble (some say QE is a bubble which is probably true) I doubt we will ever get back to the heyday of musclecar prices. Homes in my area have only gone up 4-5% over the last 3 years and this is a very desirable area.

[dusty]

Sadly unless we experience another bubble (some say QE is a bubble which is probably true) I doubt we will ever get back to the heyday of musclecar prices. Homes in my area have only gone up 4-5% over the last 3 years and this is a very desirable area.

I agree with your opinion but also trying to look at the crystal ball of prosperity and I think if anything and despite the current still foul economic mood that we have a few things going for us long term..

1) Huge increase in oil production which leads me to be bullish on America long term (next 30 years) because it will:
 a) Keep a lot of wealth here in the United States instead of sending the petro-    dollars overseas to foreign countries that don't like us very much.
 b) Effectively subsidize the cost of manufacturing in the U.S because our energy    costs are cheap even at 95.00/bbl oil compared to massive manufacturing     economies like China because they have to import it.
 c) Wages in China and other countries are rising, offsetting this discrepancy that    once was even larger than it is now leading more manufacturing to come home?
 d) Natural Gas is everywhere here and we are swimming in it. Thereby it lowers    manufacturing costs even more.
 e) All this created wealth will at some point filter down in the economy into a     wealth effect that lifts the economy significantly.

2) We're tired of being broke. People want to spend. They want to live and enjoy and have things. They want to prosper.

3) We're America. If that sounds cliche it really isn't. We keep coming back time and  time again precisely because we are America and we all want to be better off so  we adapt and evolve and enter eras of prosperity precisely because we adapt and evolve.

I guess I'm too optimistic but the single fact that the world runs on oil, and we will be the worlds largest producer in a few short years leads me to believe that we are entering an era of prosperity even though we can't see it yet.

How this translates to collector cars is I believe that when times are good, highly sought after cars bring a premium and that in a few years we'll be out of most of this quagmire and on a firmer footing nationally and car prices will reflect that.

Maybe I'm wrong but I'm starting to get really bullish on America again.

[HP_Cuda]

I know the US is the largest consumer of fossil fuels but I didn't know we were the largest producer?

[GranCuda1970]

I wouldn't count the ckickens before they hatch. Just a few weeks ago I was reading about a new round of forclosures in the market. Obamacare has not started taxing penalties yet, and the coal market, (50% of our energy) has not been completely killed bY Obama yet! I hope it gets better but it is  horsehunch the Fed has been pumping 80 billion taxpayer dollars a month into the stock market to keep it afloat FOR OVER A YEAR. Pumping into buddies hands I AM SURE.

[Gumby]

Dusty, While I applaud your optimism, your views are entirely incorrect. 1) Oil has fallen far below $100 dollars a barrel. You must ask your self, then, why is gasoline still almost $4.00 a gallon? LOL. Why isn't gas $2.00 or less again? 2) Yes, we may become the worlds largest producer of oil. DON"T KID YOURSELF FOR A MOMENT that oil will stay here in the U.S. The whole point of the "tar oil" pipeline is to export it to China for obscene profits - the oil companies could give a S!!t less about domestic prices and helping our people out here in the U.S. It's ALL about profits. 3) Obama made it clear that his main goal, even before he was elected, was to end coal fired plants for electricity. Abundant natural gas supplies that used to be relativley cheap, will now become government monopolized sources that will surpass coal prices. There will be excuses that "we need the natural gas supplies to power the electricity plants, so we must raise your home heating costs, because their just isn't that much to go around". I damn near GAURANTEE that is what is going to happen. Get a grip. Oil companies don't care about you or the economy or the U.S. It is ALL ABOUT PROFITS. Once they raised their prices and saw how no one really complained, how the sheeple just "put up with it" they raised it to see how much the market would bear, and then backed down a tiny bit. This is capatilism at it's finest. The ethonal scam/farce is government at it's misguided finest. I personall know of a guy that reaped BIG bucks, and never grew an ear of corn. They were going to build an ethanol pant in my backyard (or close to it) and the funding failed and the whole deal fell through. The farmer had contracted to grow corn for them and got paid. Everyone else lost money. If it was THAT good of a deal, WHY do they use MY tax dollars to build it and SUBSIDIZE IT, for something I ultimately HAVE to purchase? WHY can't the FREE market take care of it self? Don't kid yourself Dusty. No one really gives a s!!t about you or me. It is ALL about the Almighty Dollar.  ALL of the oil we produce here in the U.S. WILL be exported. NONE will be for our consumption, simply because the Chinese will pay more for it than we do.

[Gumby]

It was a few scant years ago, that my natural gas supplier sent out letters to everyone in their system saying that they had much milder and warmer winter then they had anticipated, and they didn't sell as much gas as they had believed that they would. So they were going to have to raise our rates. The next year was much colder, so they sent out a letter to explain to everyone, how it depleted their supplies, because they didn't anticipate such a cold winter, therefore, they were going to have to raise our rates to make up for the shortage. I s!!t you not. I could not make stuff like that up.

[Gumby]

Breaking news, as of today. http://www.foxnews.com/politics/2013/06/25/obama-to-unveil-new-climate-regulations-as-adviser-pushes-war-on-coal/ Get ready to bend over, rover. I work RR. I haul coal. idiots I work with voted for this bum - essentially voting themselves out of an industry and a job.

[Gumby]

I cannot stress how much that we had a supply system in place for cheap energy. Bend over, hold your ankles, and get ready for your electricity to double. It's coming, folks. it might be a few years. but it's coming. Add on Affordable Health Care Act taxes, and Amnesty for 11 million more non tax paying, government sucking citizens. it's a perfect storm. You have been warned. Look at Brazil, Egypt, Ireland and most of EU. We are next. Invest in food supplies, water filtration, gold and lead.

[dusty]

It may seem all doom and gloom but opinion on our economy is stabilizing, and durable goods orders were up per the report today..

China has some issues, but mostly I still think our best days are yet_to_come.

Hang in there. Coal ain't going nowhere.

[tommyg29]

To the OP, Interesting question. If thats what you think, buy an ebody now and wait to cash in!
Or NOT! 
Seriously, I read the other day how home prices have risen 20% over last year in my town. But of course ...just not in my neighborhood. My street apparently doesnt qualify. I am a realtor/builder and know values pretty well, and I dont see it. The economy is still struggling. I guess 8%-10% unemployment is the new norm.
I agree that America is still the leader of the free and non-free world, even though we are a relative economic basket case. As bad as things are, we are still the place that wealth from all over the world seeks. Maybe not as much as before, and maybe not for much longer, but who knows where things are going. My personal opinion is, and I HATE to say this, but I would bet our best days are behind us.
And my other opinion...quality muscle car values seem fairly stable, and I wouldnt count on much different for the foreseeable future.

[torredcuda]

Home prices in my area are up,my house is worth $20-30K more than last fall when I bought it. Musclecar prices may follow and rise somewhat but I bet only a small %. As far as the doom and gloom there have been many end of the world predictions, maybe sooner of later one will be right but so far they have all been wrong! Some predicted the collpase of the US months ago if someone was re elacted but things are still Ok for now. If any of you can accurately predict the future please PM me the next Powerball numbers! 

[GranCuda1970]

I cannot stress how much that we had a supply system in place for cheap energy. Bend over, hold your ankles, and get ready for your electricity to double. It's coming, folks. it might be a few years. but it's coming. Add on Affordable Health Care Act taxes, and Amnesty for 11 million more non tax paying, government sucking citizens. it's a perfect storm. You have been warned. Look at Brazil, Egypt, Ireland and most of EU. We are next. Invest in food supplies, water filtration, gold and lead.

  Yep Country is on the slow road Benjamin franklin warned about the slow agonizing death spiral. Best days definately behind us. And we are like North Korea Republic in Name only.  Now a slow bleeding Socialist Democracy. Truth hurts but it is still the truth.

[GranCuda1970]

Proof from one days news.

   http://blogs.wsj.com/metropolis/2013/06/25/weiner-leads-democrats-in-race-for-nyc-mayor-poll/

 Keep voting in immorality. No Good example for children to follow from this Gov. IRS wine and Porn.

  http://www.breitbart.com/system/wire/DA7512Q00

 Voting for Bills they never read and cannot answer simple questions about.

 http://www.weeklystandard.com/blogs/senators-dont-know-if-bill-encourages-hiring-amnestied-immigrants-instead-us-citizens_737897.html

  Immorality in Defense

 http://www.washingtontimes.com/news/2013/jun/25/pentagon-celebrates-gay-troops/

  Cutting troops brigades the weakening continues.

The list is endless I could link a 1000 more. Indoctrinations, Intimidations.  Scandal after scandal, corruption that would make the latter Roman elitists blush. Gov spying on everything you do, Giving weapons to your sworn enemies al-quaeda in Libya, Egypt ( muslim brotherhood ), Syria and god knows where else fanning the flames of war and dissent for 5yrs now thinking it will bring forth some secular democracy that would make Ted Kennedy happy. Not gonna happen and will bear NO FRUIT. Spending like there is no tomorrow. Sorry if I have little faith in the current Folly going on. Will only get worse. Witness it and live it. At least we have our Mopars for now! Until some progreasive libturd taxes you out of owning it.