Originally Posted by crackedback
Originally Posted by 6bblFLASH
Originally Posted by oldjonny
While it is a black car...it still is a '73 as well. You would be WAY upside down on that one even if you get the car for almost free


This is exactly the the mindset that has driven the car hobby in the dirt.
Upside down investment wise.
If a person is building/restoring cars or anything else as an investment they aren't in it for enjoyment, satisfaction or fun.
Investment actions are business ....
Ask anyone who raced ANYTHING....Upside down investment wise...lol.
You are not Upside down on an investment doesn't matter till you sell it.
Keep a car 42 years and it becomes less important....
Ok....finished my drink 🍸 😋



One of the true fallacies of investing. Your balance sheet would display otherwise. That BS is really a tax reporting issue and realization of loss.
If you buy something for $100 and it is now worth $10, you have $90 loss. If you never sold your Enron stock, do you have a loss? You better believe you do.

I agree that the being upside down in a car resto deal is par for the course. If you like a car and want to do it because you enjoy it, great. The "make a profit" side is a non starter on most every project car out there.

Even though it is a 73, that would have been a cool car rolling off the assembly line!



A buyer would be better off buying the grey survivor one,every day all day. You couldn't buy and restore this one for the difference in price!

Last edited by chargervert; 02/11/24 09:57 AM.
70 Charger R/T SE 472 Hemi 70 Charger R/T convertible 70 Charger R/T V Code Sixpack 69 Charger R/T SE Sunroofcar 68 Charger 383 68 Charger 318 71 Charger R/T 70 Challenger convertible 71 Challenger convertible 71 Cuda 340 09 Challenger R/T Classic