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Discussion Starter · #21 ·
Between the wife and I we took a self imposed 60k pay cut this year. Thats how we are avoiding taxes.
 

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Yeah i don't think the uber rich are buying anything other than top tier investment grade mustangs which is not what this thread is about.

If you ask me whats driving prices up is a combination of things.

1. people simply have more disposable income ... stimulus checks came in hot and many people have been making more on unemployment than they did working.

2. people are driving less and a vintage car seems a lot more appealing when you drive to work once a week and work remotely 4 days a week.

3. speculative investment is rampant and it seems that mustangs are not immune to this. I have seen a lot more "i will buy mustangs in any condition" posts on craigslist and such and im inclined to believe some people are sitting on them in the hopes they will appreciate to the moon.
 

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People like classic Mustangs.

I keep hearing a lot of complaining about "printing money". So, when did the US not print money? Yeah, I get it. US is printing a lot more money lately. For some reason giving trillions to rich people and corporations is somehow good for everyone, but giving money to poor people and working families will destroy the economy and destroy America. Not following that logic.
1933. Prior to that the US currency was backed by gold. Now it is backed by nothing more than a promise.

Your premise that the government gives "trillions to rich people and corporations" is bunk. The VAST majority of taxes are paid by the rich and corporations, so in that sense the government TAKES trillions form rich people and corporations. All those that have been employed by a poor person raise your hand...

America is the land of opportunity, NOT guaranteed success. There is a reason so many people want to come here.

Inflation is hitting pretty much every other segment of our economy, why not classic cars? Does it really mean they are worth more, or does it mean our money is worth less?
 

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People are always willing to pay more for things they don't need, and sellers always ask more for things they don't need to sell. Like many here, I don't want to sell my car, so it's going to take well more than what its worth to get it. Not to mention every passing year yields fewer examples as the rusties die away, or overspent to restore which, its better to keep and enjoy than sell at a loss.
 

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I'm thinking about how almost everyone who wants to talk to me about my Mustang tells me about the Mustangs they owned, their parents owned, their brother or friends owned, etc. Maybe high prices for classic Mustangs are a reflection of what made these cars sell so well when they were new. Likely most people aren't interested in horsepower numbers or investment potential. They simply want a cool car for having fun. They remember going to the lake, going to the drive-in and going to the A&W in a Mustang. So, when thinking about a cool car for having fun, a lot of people think, "Mustang!".
 

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I really thought this was forum for vintage mustangs...not for political debate.
Yeah. I think we're gonna do that right now.....

I take exception to some of the numbers quoted in the Hagerty article. (post #8)
Doubt they're accurate and even if they are, the 20,000 foot view is that vintage Mustangs have been shipping overseas at that "yearly" rate
they claim..... for the last 20 years. That's the real picture of why they're getting scarce, with the prices we're seeing.
 

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Discussion Starter · #31 ·
Im hanging on to my 65 and may end up keeping the 67.

The 67 is perfect for a coupe to 2+2 conversion or a good trade for a nice F1 or F100.

Baby Birds seem to be coming down in price, I have seen several nice drivers for under 30k.
 

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Love my F1....


803227
 

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So do I!

Sale prices are meaningless, I could post on CL and ask $65K for mine, we need to know what the actual cash exchanges were.
I think you mean "advertised prices" are meaningless. But if you look at the Mustangs for sale, they are typically selling very quickly. I doubt they are selling that quickly at a significant discount.
 

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I just saw an ad on CL for a basket case 67 coupe $3200. All bodywork done, no rust. Needs assembly and trim finishes. I don’t need another project but I’m tempted to....
 

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People like classic Mustangs.

I keep hearing a lot of complaining about "printing money". So, when did the US not print money? Yeah, I get it. US is printing a lot more money lately. For some reason giving trillions to rich people and corporations is somehow good for everyone, but giving money to poor people and working families will destroy the economy and destroy America. Not following that logic.
Right on. Couldn't agree more.
 

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Most of the corporations that get picked on are public companies. They pay out most of the earnings to share holders, hence no taxable income. When they hold onto earnings it’s for investment and/expansion. Are loop holes bad, maybe, but they are legal. Maybe laws need to be changed. Are ceo s earning too much? I think so. It’s a good old boy club. A problem we’ve seen is people are not looking for jobs because the government is subsidize them too much creating a shortage of workers. It’s the hypocrisy and the push to socialism/communism that bugs me. I’m embarrassed to call myself a Democrat. We may have different opinions but Democrats used to still believe in America. Doesn’t seem that way anymore. Ok that’s my soapbox, I’m done.
 

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Discussion Starter · #39 ·
They pay out most of the earnings to share holders, hence no taxable income.
That's not true, the profits are actually double taxed.

The corporation pays taxes on the profit, then the shareholder pays taxes on the dividends.

Its the same as the taxes on social security. For every $100 we earn, we are taxed $7.65 for FICA and then pay state and federal income tax on the entire $100.
 

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It won't stop...ever. The dollar has lost 99% of its value since 1913(when the Federal Reserve was established....you know, that institution of private banks that has a stated purpose of fighting inflation and has presided over both of the worst economic recessions in American history). Its not just classic cars...its ANY asset people can buy...as an example...trading card games. There is one I played as a teenager that a certain card I could buy then for $5 is now trading at $410,000. Limited print runs and all that. In real estate the house I bought 7 years ago is now "worth" double what I paid for it. In short, its not the value of cars or anything else increasing, its blatant devaluation of what our money is worth. Keep increasing the money supply beyond population growth and its the ONLY possible thing that can happen. You have the FED "lending" money to the US government to finance whatever spending they want to do this year...but no one ever asks where the FED gets that money...they sure don't have the assets to back up the debt they have "loaned" to the government...it comes from nowhere. There is no limit on the amount the US government can borrow. The "debt ceiling" is a goalpost that keeps moving whenever someone wants to spend more money. I doubt taxes are enough to even pay the interest on the debt these days(not that they would ever try to pay the debt off anyway). So you have a system where the US government "borrows" money created out of thin air by the "Federal" Reserve, then pays interest collected by taxing their citizens for money "borrowed" that didn't even exist to begin with. And people wonder why the cost of everything is going up exponentially and bitcoin is worth $37,000 a piece(or whatever crazy price it currently is). Our whole monetary system is built on a complete scam and people are starting to realize that. Worse....the people this hurts the most are those that actually save their money responsibly....all the value of the money those people save over decades is simply stolen from them by those in the government borrowing money from the FED, and the FED is more than happy to rack that debt up...in the end the situation is that the government will be unable to repay the debt and the consortium of private banks that make up the FED can then claim all the assets owned by said government...which is essentially the entire country. Of course, the FED would never show the iron fist behind the velvet glove in that manner...they will simply maintain the status quo forever...where the wealth of the nation is funneled into their coffers and they control the entire power structure. They can buy any politician they want...and have since 1913. Quite unconstitutionally I will add...Article 1 Section 8 quite explicitly states that CONGRESS shall have the power of printing and minting money, NOT some consortium of private banks(not that congress would do a better job). Its simply the same old slavery that has existed throughout human history...just hidden behind a mask of legitimacy.

Sorry for the rant against the FED. It is of course just one(consortium of) central bank(s)...the entire world is filled with them...aside from a few countries like Andorra, Monaco, or the Marshal Islands(and they dont matter since they just use the currencies of countries that DO have them). Asset inflation in the end is just a symptom of a loss of faith in a given currency...whether that is due to inflation of the money supply or a lack of trust in the currency itself...or some combination thereof.

I can understand the appeal of a fiat currency...but the one question no one ever answers about such system is....why do they charge interest for money printed out of thin air? Why not just print it(based on a responsible policy independent of political pressures) without any interest? The answer is of course that banks make all their money off of interest..(massive amounts of interest for every trillion dollar spending bill that goes through congress) and that they are not at all providing a "service", they are stealing the livelihood of the citizens(with the help of the governments of those people) through interest. Slavery hidden behind a velvet glove.
 
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