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- Demon 170
@DRAGRCR for what you're doing, I think selling that one (likely for some decent money) and buying another 170 to race with was a wise choice.
I had to noodle in the real estate comparison for a bit. My thinking in terms of something's value is what the over all market accepts. In this case you have a handful (or less?) people who are willing to pay this much. If I understand correctly there were 40 jail brake 170s available but only 28 sold, so that shows the take rate for that extra $30K paint job too. Maybe I have that wrong since I didn't look in to it much admittedly.
On the real estate example - neighbor put their house up for sale. Young couple swooped in and paid $100K over asking price. Like a lot of young people the have to have it now mentality I guess. Then they couldn't get it insured for what they paid, which caused a closing delay, and eventually they just ate it. Lived there two years and sold the house for $125K less than they paid so a lose lose lose. The fact they were willing to pay $100K over didn't make the houses value increase is the point.
Now if someone wants to have the position that what a single person is willing to pay for an item dictates the value of that item, then OK, but that's not how I look at it personally. I'm blessed my Momma taught me to be good with money.
I had to noodle in the real estate comparison for a bit. My thinking in terms of something's value is what the over all market accepts. In this case you have a handful (or less?) people who are willing to pay this much. If I understand correctly there were 40 jail brake 170s available but only 28 sold, so that shows the take rate for that extra $30K paint job too. Maybe I have that wrong since I didn't look in to it much admittedly.
On the real estate example - neighbor put their house up for sale. Young couple swooped in and paid $100K over asking price. Like a lot of young people the have to have it now mentality I guess. Then they couldn't get it insured for what they paid, which caused a closing delay, and eventually they just ate it. Lived there two years and sold the house for $125K less than they paid so a lose lose lose. The fact they were willing to pay $100K over didn't make the houses value increase is the point.
Now if someone wants to have the position that what a single person is willing to pay for an item dictates the value of that item, then OK, but that's not how I look at it personally. I'm blessed my Momma taught me to be good with money.
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