Would you really pay 9k for an 00 base?

[RedTele58]

After watching the market only casually through 2019 - 2020, I started getting serious about looking for another car several months ago. I prefer the earlier base models. I was surprised to see cars that would have been solid buys at $8k several years ago now listing for $10-12k. I was doubly surprised to see S models selling in the $15-20k range.

Jon (78F350 above) contacted me about 10 days ago for a non-running 2000 base project car listing for $5500 in OKC, which I thought bordered on laughable. I talked with Woody (Itsnotanova) about the car and some of my options. Woody told me that at $5500, in this market, it was probably a fair price.

Long story short, I was able to purchase it for $3500, which Woody thought was a good deal and Jon said was right in line where he would have put an offer. A few years ago I would have walked at anything over $2500.

The same price increases are showing up in the 996 market. Cars that were $18k several years ago are now $25+k and increasing.

The same thing is happening with a couple of my other hobbies. The used guitar market has been on an upswing the past year and the vintage watch market has pretty well priced me out of the game to add anything new to the collection.

There is an awful lot of money floating around the past year or so. Look at the housing market for another example.

To be honest, it kind of scares me about the potential for inflation and too heated financial markets in the coming months as the world recovers and gets rolling again after the pandemic. I think its time to stash some cash and clean up the personal and family balance sheets.