How to value your FD
07-01-22, 02:52 AM
#5376
The biggest threat to the Old FD may be the New Supra. Given the number flying around in Vancouver, they must be bringing them in by the boatload.
We are an FD crazy town, but if you can't get one, it seems people are settling for the Supra.
We are an FD crazy town, but if you can't get one, it seems people are settling for the Supra.
Last edited by Redbul; 07-01-22 at 02:54 AM.
07-01-22, 04:48 AM
#5377
Rotary Enthusiast
The Supra is a less useful BMW, I don't get it. Just buy a slightly older BMW, from before they ruined the grill lol.
BMW S52 Z3M Coupes are similar to the FD, and now similarly priced as well
BMW S52 Z3M Coupes are similar to the FD, and now similarly priced as well
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07-01-22, 05:16 PM
#5380
Yep, so long as you buy quality at msrp you usually cant go wrong. My watches certainly increase in value more than the cars I buy, and they are much cheaper to maintain and insure!
anyway back to cars, I have a feeling there will be some decent deals in the next couple of years, the economy is going to get ugly fast.
Last edited by FEED AFFLUX v5; 07-01-22 at 05:23 PM.
07-02-22, 09:45 AM
#5384
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07-02-22, 10:22 AM
#5385
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fc3s-ty (07-03-22)
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fc3s-ty (07-03-22)
07-02-22, 06:16 PM
#5390
The recession has begun. I see it with my company and already see it in housing prices. I made an offer on another rental property on Saturday. They were asking $520k originally 45 days ago, lowered the price to $495k and I offered $450k and they accepted. This is in what was previously one of the tightest real estate markets in the country just 90 days ago. I am not even sure how I feel about the offer getting accepted. I am with Fritz believing its going to get really bad. 2007-2009 bad or worse even but I hope for everyone's sake I am wrong. There are some very telling signs in my industry that biggest retail corporations in our country are scaling back quickly. Operational costs have skyrocketed and I believe business owners are truly starting to feel the impact of drastically increased labor, logistics, T&E and product costs. Buckle up and hope for the best while preparing for the worst.
Meanwhile, I’m patiently saving my money to scoop up some blue chip stocks and a couple of toys.
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djseven (07-03-22)
07-03-22, 03:04 AM
#5391
Surely, there are any number of black swan events waiting to swim into view including nuclear war, mass starvation in certain world regions and a new widespread more virulent version of covid (or not). But, at the present, we are at a stage where (i) the economy has bounced back strongly, showing resiliency and surviving a spike to 20% unemployment (recently revised figures) from the covid shock,(ii) there is a mass of stimulus money still sitting in the very high savings rate, and (iii) unemployment is at record lows. Employers have suffered through labour/worker/staffing shortages for a while now, is the economy as a whole really going to shed workers that fast? Maybe we are travelling rough waters in a battleship, not the titanic.
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07-04-22, 12:26 PM
#5392
Super Snuggles
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07-05-22, 11:15 AM
#5393
One of my great passions in life is music and in my time have collected a few historical instruments; mainly a pre-industrial era Austrian double bass. I am merely a curator of something that will outlive me and I honor the tradition of passing this usable tool onto another human being for continued use. Something which doesn't get used literally has no purpose (to me). I always say it's like having an attractive 'wife / partner' that you choose not to have sex with.
Always enjoyed fine watches but never owned anything too fancy. Old clocks are fun too. Talk about a bygone tradition / trade.
07-05-22, 08:34 PM
#5394
. There’s definitely still some decent stuff out there tucked away. But the days of deals are few and far between now. I just wish that an FD’s natural habitat wasn’t jackstands or hidden away. Seems all to common now. These things were meant to be enjoyed, not be worked on for years at a time. I still crack a smile every time I hear the turbo spool as I head down my local back road. That’s how I value my FD.~ GW
07-05-22, 08:53 PM
#5395
Rotary Enthusiast
Me too. However, mine needed a rebuild when I got it. And when I tore it down, I found that it had been rebuilt before, and needed a lot more than typical seals and housings. So time for a single and a full performance build, and it's been down for a month already. Always takes longer than expected.
07-06-22, 08:43 AM
#5396
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this one is funny, the sky must be falling....
https://www.zillow.com/homedetails/1...79841350_zpid/
https://www.zillow.com/homedetails/1...79841350_zpid/
07-06-22, 03:29 PM
#5397
That property only appreciated $80k since 2018, a whole 9%. That is drastically below the national average. In my area, a home that was $960k in 2018 is very likely $1.4-1.8 million today......well, was that until a few months ago. A lot of markets are now over inflated when you look at the population and average income of the area. The slow down/pull back/recession whatever you want to call it has started. No one knows just how bad it will get yet.
07-06-22, 03:54 PM
#5398
Yeah. A house in my neighborhood just reduced their listing price by $4k (home is listed over $1M). Not sure what $4k will do haha, but there hasn't been a decrease in a listing price in the last 4 years (they all turn into bidding wars). So they either just got super greedy on the initial price (which did happen), or we are now experiencing the cool down in this neighborhood (too early to tell on this one example).
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