Brian,
Here's my observation.....the Brit car restoration shops in my area
(southeastern Pennsylvania) seem to have steady work with customers who are
willing
and can pay for the work performed on their cars. This hobby/passion of our's
seems to be a little more resilient to economic downturns than other
segments of the economy.....at least that's the way I see it where I live.
I think that part of the strength of the "cash flow" comes from the fact
that the profile of most owners who are willing to part with 4 to 6 figure
restorations, service work or purchases is that of 50 years or older folks who
have strong income or solid retirement investments (or both) AND have a strong
emotional connection with these cars from past experiences or ownership.
All that said, this pool of cash flow is 1) fading....(albeit we hope very
gradually) from assorted human factors and 2) not being replenished. So, to
finally answer your question, I wouldn't hesitate to sell now - just be
realistic in your expectations remembering that often you can't get every
dollar
back from your restoration expenses.
Chip Krout
Delaware Valley Triumphs, Ltd.
Skippack, PA
1976 TR6 CF57822U
In a message dated 6/3/2008 7:10:21 P.M. Pacific Daylight Time,
308gtsi@roadrunner.com writes:
I'm wondering if it's worth selling now or waiting another year. Any
thoughts?
**************Get trade secrets for amazing burgers. Watch "Cooking with
Tyler Florence" on AOL Food.
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