Wasting money on expensive items

'kin 'ell ;)
salt-bae-163426611016x9.png
 
If you want an example of how good an investment cars can be, back in the late 80s early 90s the arse fell out of the classic car market.
At a classic car show, someone was selling a 1964 Aston DB5 for £30k. It was far from perfect condition but probably could have been considered fair.
Fast forward to today and you would be lucky to pick one up in similar condition for less than £300k. That’s a 10 fold increase in value, much more than virtually all property over the same period of time.
Average house prices in the UK have risen by 100 times since the mid 60s.
 
Average house prices in the UK have risen by 100 times since the mid 60s.
Oh I know, but the example I was giving was of investment in cars and based on 1989. But applying that to the car in question even. The original purchase price was around 4k in 1964 so it’s a very similar increase. If you are looking for a good condition one according to this you are looking at nearer 600k !
 
'kin 'ell ;)
salt-bae-163426611016x9.png
You’re paying for that photo, just to say I’m am idiot with more money than sense, for some dick to throw salt down his arm into your steak, do me a fucking favour. You might be successful and have more money than you know what to do with, but that photo that says more about you than anything.
 
100% real panda skin though.

I mean if it makes you happy and you can afford it, buy what you want. But what always makes me laugh is blokes buying a nice bit of jewellery or a classic car they like and then justifying it as an "investment."
If you can get enjoyment and also make money or not lose money then it’s even better. It’s still an investment either way you look at it, in the same way as fine wine or art. Although not sure you can enjoy a bottle of fine wine without drinking it.

The bonuses of cars over 40yrs old is that you pay no road tax, there is no MOT requirement, you can get classic insurance and believe it or not they are exempt from low emissions zone charges.Obviously the downside is the 40yr old technology and maintaining them.
 
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