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As a man thinks, so he is. Some people are never. Recent Posts
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CarSpace Alternate RouteTurn off the nav system, crumple up that MapQuest printout, and let's find out where the next random turn may take us! Mar 11, 2008 - Other Bubbles
Looks like we've had a bit of a bubble in the pricing of classic cars as well. The Wall Street Journal is reporting that the fallout from the credit crunch and housing market turmoil has reached the garages of classic car collectors. The value of some vehicles has declined by a third from two years ago. "Many of these cars were built or bought using home equity loans," says Art Spinella, president of CNW Research, a Bandon, Ore. market analysis company. So is it all that surprising that there's a market correction in the pricing of classic cars? People who are stupid enough to borrow against their home for a hobby deserve everything that comes their way and shouldn't get a bailout from you and me. Read more at the Wall Street Journal
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