Upside Down In My Muscle Car! - The MuscleCar Place Blog
Published: Wed, 10/05/11
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The MuscleCar Place Blog |
October 4, 2011 |
Upside Down In My Muscle Car!So here we are, the Fall of 2011, almost 2012. As the old song goes..."another day older and deeper in debt." And even though I haven't taken on any more new debt, I'm deeper in the hole because everything I have equity in is worth less these days; my house, my investments, and yes...even my muscle cars. The big car auctions that are now a part of our TV/Car culture have driven up the value of muscle and collector cars, or at least that is the perception. Cudas, Z/28s, and Boss Mustangs have all reached the stratosphere over the last decade. It got to the point that you could make a pretty good business by buying barn finds, restore them, and make a BIG fortune by taking them to Phoenix in January. The fact that a multi-million dollar franchise could offer all of their cars at auction at "no reserve" made the case that values and prices of muscle cars in particular were going through the roof. Home of the world's best muscle car podcast.
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