[DeTomaso] More on Pantera values....
Julian Kift
julian_kift at hotmail.com
Wed Nov 13 18:14:13 EST 2013
John,
I have to stop speed reading; on initial read I thought your first sentence was advocating selling your significant other based on the long term cost of ownership and restorative work! Probably not a bad analogy, but not one most with a significant other would be willing to put in writing :)
Julian
Date: Wed, 13 Nov 2013 17:06:20 -0600
From: jtaphorn at kingwoodcable.com
To: julian_kift at hotmail.com; mikeldrew at aol.com; detomaso at poca.com
Subject: Re: [DeTomaso] More on Pantera values....
Julian - I support your thinking. Along those lines, I believe it
is easier to sell your significant other on the lower initial outlay
as few have any real insight as to the forthcoming cost of
restoration. Most people with whom I have discussed the financial
cost of their restorations are not even honest with themselves.
They avoid adding up the receipts for fear of depression.
JT
On 11/13/2013 9:58 AM, Julian Kift
wrote:
Mike,
Agreed in the most part about Pantera prices, however I'm always
a little hesitant to take project Pantera prices and predict
them out to what finished examples would sell for. There are a
lot of potential owners out there that have a price point well
below a good or restored/modified Pantera and very few project
Panteras so competeion is fierce and prices get skewed.
I'm finding it's the same with houses; I've been looking for an
acreage here locally and anything with a home that requires
modernization is selling within days or even hours (we've been
outbid on five houses now), but those same houses post the
modernization a) don't reflect the dollars put into them for the
modernization and b) stay on the market. It's all about the
price point that people can get in at and there's a lot more
competition at the reduced price levels, despite condition. Yes
I wish I had the $$ to get into one of the already modernized
ones, but simply can't stretch that far at present and prices in
general are on a fairly steep rise again. Sound familiar?
Julian
From: MikeLDrew at aol.com
Date: Wed, 13 Nov 2013 03:40:43 -0500
To: detomaso at POCA.com
Subject: [DeTomaso] More on Pantera values....
Hi guys,
Just spotted this on E-bay; Jim Demick flipped a beautiful
rust-free southwest car for a restoration project:
http://www.ebay.com/itm/Other-Makes-Pantera-Pre-L-/370935390036
The selling price would have bought you a really nice
driver Pantera just a year or two ago.
Those of you who think that the prices for good, solid,
stock Panteras have not really rocketed upwards are
kidding yourselves! But, that doesn't necessarily mean
that modified cars are following along. I think modified
cars (of which mine is definitely one) are appreciating,
but not at nearly this rate....
Mike
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