Deleted member 215073
I just saw this article... a beautiful car nonetheless.
And Journey is a terrible band to begin with, same with Rush. He would have been better off saying Metallica Black album.
This guy built a car worth as much as he had to spend on it doing it. Probably the nicest car ever assembled since I’ve been here.
The problem is that it wasn't a great investment.
In other words, $20,000 in 1993 is equivalent in purchasing power to about $33,926.64 in 2017, a difference of $13,926.64 over 24 years. The 1993 inflation rate was 2.99%. The inflation rate in 2017 was 2.13%.
Now, put that same $20,000 into the stock market.
The Easy Compound Share Market Calculator that shows what your investment would be worth at the end of the period. It will show you the investment returns.www.noelwhittaker.com.au
Starting January 1993
Ending May 2020
FINAL VALUE $233,000
COMPOUND GAIN PER YEAR 9.52%
Even if he sold for his full asking price of $75,000 he is well behind the stock market. Was the car sitting stored in a garage worth $158,000 of enjoyment?