Quote:
Originally Posted by DETRoadster
If you are talking buying toys like speed boats and classic Porsches, then yes!  Those things are the first to go in a downturn and if you've been quietly saving cash for a toy, that's the time to buy for sure. |
Speed Boats - yes (normally highly leveraged, depreciating assets)
Classic Porsches - no (sometimes leveraged, appreciating assets)
If you look at Hagerty's data, Classic 911s were flat through the recent recession. They just didn't trade much.