1967 Plymouth Barracuda Fastback

Dusterndart340 said

Cudaverts advise is sound; most of our cars are not investments but fall on the expense side of the balance sheet. I look at my car as more of a luxury and I think that is true for most of us here. I have it for the fun and enjoyment of the car. Like most who have owned and restored their cars over the last 10 to 12 years; no way I can get back what I have in it but i didn't go into it thinking of it as an investment.

Home values will come back and you only have a short window (12 to 15 months) to take advantage of these insanely low interest rates.

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Trust me, this was never a money making proposition. The classic car game very rarely is. How many of us are really that guy that bought a Superbird in the early 80s for $15k? Not very many. Although your advice is sound, I don't know if you guys really have a handle on the cost of living in New York. At the point I'm at now, even if I sold the car I'd be barely making ends meet with the kind of house I want to have, even with a large chunk in the bank, a great paying job, and relatively low bills. We're talking about $12,000 a year property taxes in some areas on Long Island. That's a mortgage in itself. My fiancee and I are in a holding pattern right now. We'll see how the next few months play out...