Bubble leaking

[RUDDY]

Gents, please don't turn this into a thread about the rights or wrongs of Ians spending , the thread was started as a discussion around the current market of MK2's.

I know there are people looking for cars who have 5-6 k to spend, they want a car they can jump in and use, not a show car but nothing to be embarressed by either, these are the cars that the market is lacking in my opinion, but it is these people with this level of budget that we need back in amongst the scene also.

I can't see values climbing any higher but I don't see a major dip in valuations either.

[rwdrs]

well, by asking the question about 20 K maybe showing that the value of the Escort in both of it's rear-drive versions is slowly returning to normal and will not keep on going ballistic, by saying that Ian's car must be worth 20 K is surely a tad provocative.

I think the answer is clearly that most don't think the current prices are "right" and even for an absolute "stunner" of a car that 18 K is pretty much all most are really willing to pay.

The thing is some of the criticism in particular of the "Worthers" project is quite simply Ian's attitude to it, saying only a few months ago that 300 quid for a dipstick tube is fine if you're willing to pay that for it and on the other hand now his insistance that he will "loose" 20 K, well you know how the saying goes, "if you live by the sword, you die by the sword".

All I think most are saying is that the prices are silly, and if people follow "short term ideas" instead of looking at the big picture, prices will increase and then probably collapse all of a sudden and then very dramatically.

[ian parker]

Just to set the record straight, i dont ever remember MOANING about paying X for any part. I could be wrong, i dont think so. The money is irrelavant, i dont attach a value to the money at all. Ive no more money than anybody else on this board, i just choose to spend mine where i want. I dont smoke or drink or have a mortgage, simple, i scratch a decent living doing what i know. thats it. I honesty dont care about losing 20k, imagine, if i,d given the spending half a thought, Worthers wouldn,t be what it is today. I simply got lost in the detail and kept looking for more. As for paying too much for bits, how long do you wait for a bit ??? month, year, may never happen. i dont think like that, just do it. Worthers gave me a great deal of personal satisfaction for many reasons. Firstly, completeing the car, the reaction to the car and the admiration the car has attracted. As for being critisied for listing bits on the bay, didn,t see anyone putting their hand in the air to give my back what i,d paid in total for Worthers. Still, there you go. Its true, i did lose the idea of standard and modded, i tried to build a car that i would have ordered in 78, bear in mind, in 78 your mindset wouldn,t have been, do i want a modded or standard car, i think not. Hindsight is a wonderful thing. Do it again ?? i think not. For now the money will go towards making my daughters lifes comfortable and will go towards freeing up more time for me to concentrate on them. As i said before, i will watch from afar and wait for the next person to put his neck on the line, or shall i say wallet. To me, money doesnt, have a value, its what you can do with it that has the value, oh, and by way, watch this space with the dipstick and tube

[Chesney]

Gents, please don't turn this into a thread about the rights or wrongs of Ians spending , the thread was started as a discussion around the current market of MK2's.

I know there are people looking for cars who have 5-6 k to spend, they want a car they can jump in and use, not a show car but nothing to be embarressed by either, these are the cars that the market is lacking in my opinion, but it is these people with this level of budget that we need back in amongst the scene also.

I can't see values climbing any higher but I don't see a major dip in valuations either.

tHAT'S JUST WHAT I'VE BOUGHT, a good looking example i can use. Couldn't dream of spending any more.....YET!!

[rwdrs]

Just to set the record straight, i dont ever remember MOANING about paying X for any part. To me, money doesnt, have a value, its what you can do with it that has the value, oh, and by way, watch this space with the dipstick and tube

What was the dig at leon for then, if you weren't moaning about how much you paid for "certain items"
If money has no value to you I take it you'll give Leon the dipstick tube back then?
As for someone else sticking their neck out, I've said it before, nobody needs to "stick their neck out" it's not a competition, if you wanted to say I've restored a motor then fine, there's not that many people that would invest sooo much money in a STD car, as they know they'll never see it again and if one does, they make sure they hold on to the car for a while to have at least some use out of it.

If you make normal money then you can't afford to "loose 20 K" I know I can't but there that was your decision, I just think that a run of the mill Mk II albeit in top top top condition will never be "worth" 40K not matter how much was spent on it, and it will be remain nigh-on impossible to realise that much money on the open market for it too.

[ian parker]

there was NO dig at Leon, i made a mistake, it was Dasadrew i bought the item of, ask him, didn,t moan about it once, and if Das wants the bits back, not a problem at all. Who said the car was EVER worth 40k ??. you may be one of these people who thinks they can take it with them, I,m not, lifes not a rehearsal, lifes for ticking boxes, By the way, out of curiosity, what do you consider normal ??

[rwdrs]

As for being critisied for listing bits on the bay, didn,t see anyone putting their hand in the air to give my back what i,d paid in total for Worthers


That was my point, so the car was in effect, at least for yourself worth around 40 K. All I was saying is that IMO there was no "need" to invest such a vast sum of money in this vehicle.

I don't think I can take owt with me, no. I'll bet I take home a fair bit less than you do, I have a MkII and have a little bit (very little) on the side, I've never been "comfortably off" and couldn't bring myself to risk so much money in an Escort as life's about more than rusty old cars and nobody is going to help me out of the cr** if I fall on hard times.

Lucky you if you've none of those worries but I have and wouldn't dream of sticking so much collateral into such a project only to see my money be lost.

[richie]

think this thread is right off topic.
surely its up to each individual to spend what he wants on what he wants.

[POO505R]

Ruddys point

If house prices stall , Claassic car prices stall

if house prices fall , Classic cars fall in price

you wait and see!


Escort shells are already falling in price

I agree with Ruddy dark days ahead on prices

[ian parker]

As for being critisied for listing bits on the bay, didn,t see anyone putting their hand in the air to give my back what i,d paid in total for Worthers


That was my point, so the car was in effect, at least for yourself worth around 40 K. All I was saying is that IMO there was no "need" to invest such a vast sum of money in this vehicle.

I don't think I can take owt with me, no. I'll bet I take home a fair bit less than you do, I have a MkII and have a little bit (very little) on the side, I've never been "comfortably off" and couldn't bring myself to risk so much money in an Escort as life's about more than rusty old cars and nobody is going to help me out of the cr** if I fall on hard times.

Lucky you if you've none of those worries but I have and wouldn't dream of sticking so much collateral into such a project only to see my money be lost.

i except what your saying

[rwdrs]

think this thread is right off topic.
surely its up to each individual to spend what he wants on what he wants.

Indeed, the thing is the pre-supposition being that such a car must be "sold lot hot cakes" and that even Ebaying it didn't result in it reached the 20 K mark.

My point being there is a reason for that, this being that who wants to pay 20 K for a MkII escort, at least a nigh-on STD one, albeit in better than factory condition.

If Ian wants to spend that sort of wedge is his decision but I for one am not surprised that it didn't even make half of what was invested in it, that's all.

[rwdrs]

i except what your saying

Ian, no offence and I don't want you to think I'm having a pop at you.
You've done an exceptional job on the car, no question, I just think maybe it all got a bit too expensive and that "normal blokes" would find it pretty difficult to absorb such as loss.

BTW, hope all goes well for you and the family.

[CARLOS100]

If some one wants to put there hard earned money into a car then why not. We all have our lifes pleasures and some cost nothing and others a hell of a lot. I dont know Ian from Adam but just looking at his car at shows and seeing him getting enjoyment from it is priceless.

Is the issue the amount of money spent on the car or the type of car itself. If ian had spent 40k on a more exotic motor and then sold it at a loss would that be a different matter.

[ian parker]

Ian, no offence and I don't want you to think I'm having a pop at you.
You've done an exceptional job on the car, no question, I just think maybe it all got a bit too expensive and that "normal blokes" would find it pretty difficult to absorb such as loss.

BTW, hope all goes well for you and the family.

thankyou. dont you just love BEIGE cars.....

[BIGBOY]

after being away from the scene for 3-4 years and looking from the outside - in, the prices for solid MK2's and parts has gone through the roof, a very good thing for the seller but not for the buyer, but as we head into 2008 money will become very tight indeed......believe me ! This will of course have a reverse effect on the prices MK 2's..........RUDDY, MY OFFER STILL STANDS AS LONG AS IT IS ARCHED

rgds "BIGBOY"