Inflation is out of control

double0 said:

Only a failure if no lesson was learned from it

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endodoc said:

To keep myself in check I still have the massive binder full of paperwork on that deal in my office as a constant reminder of what a coward I was that day. I guess a consolation is the house is now only 25m so I feel a little better.

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endodoc said:

In 1976, my parents bought 3 homes in the San Francisco Bay Area (San Carlos to be exact). They were and still are rental properties and I eventually inherited them quite some time ago. On average each one of those homes has gone up over 60k a year for the last 45 years at today’s market value. The homes were paid off long ago. Now I don’t know a lot about fancy coins and fancy investments, my wife dabbles in that day trading quagmire but I do know that I started buying and “holding” real estate 30 years ago and for me, it has out performed everything else in my portfolio from a wealth generation perspective.

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endodoc said:

I run largely a cash business. I own manufacturing technologies (mechanical and chemical)that I leas/co-locate to manufactures and they pay me for everything produced on my equipment in perpetuity. Many of these customer are government with very long term contracts. Subsequently, I have very little in cap expenditures, no employees, very little overhead. I roll 50% percent of it into real estate, I leave 30% in the bank and I blow 20% of it on whatever. I am incorporated in PR which has a flat 4% corp tax and that is largely offset with “special” programs. Definitely not doing anything exciting like the young tech mavericks but I sleep pretty well Don’t answer to anyone, do what I want whenever I want and generally don’t pay too much attention to what’s going on in the world. I have a great wife, no kids, no ....... headaches and generally have no idea what I’m doing tomorrow as long as it’s what I want to do.

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SuperDomestique said:

In regards to the SL retaining or increasing its value. It’s like beauty: It’s in the eye of the beholder. And it has pedigree and rarity. Kind of like how a barn find Miura goes for $1M despite being rusted out. You might not think the SL is worth a grain of salt now but someone does and someone in the future will think it’s worth something more when they become more rare. I think the same was said about old air-cooled Porsches back in the 90s.

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Vbreeze said:

Ooo the gauntlet is down. hahaaa Nice!
Take the competition to the track guys. Yes.

I've been hearing my whole life, "unless you're a pro, you're never going tell the difference between the top shelf and the mid-shelf."
I can not disagree with that more. I haven't found a subject I have found that to be true from paint to whiskey to nice rides. A POS liter bike is going to get dangerous at a certain threshold. A really great bike will amplify abilities and extend possibilities.

I think it's like wine. No one is going to be able to appreciate a $500 bottle from Russian River until they try it a few times and learn. When you learn, you may even realize there's the $60 bottle you can drink under a tree in Dry Creek right across the river made with the same grapes on identical hills in the same way that's really damn good as well.
IMHO it's not about cost. It's about purpose driven design, materials and application. When you add stories culture and notable people you get legends. You pay more for legends. Sometimes it's worth it.

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Steven31371 said:

I wanna buy one, track it, wreck it, and just generally flog the .... out of it until it’s dead….so I can do my part to make sure they become more rare, thereby helping the collectors increase the value of theirs.

Kind of a selfless sacrifice for the SL cause haha

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CSV4 said:

maybe my dealer is on to something.... was looking at cars. the listed prices on anything are still out of control... looks like no one has inventory. everything is "in transit"

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TomFoolery said:

This is what happens when the government prints free money, and a lot of it, in a very short amount of time. How much was total covid related spending again? $4.5 trillion?

Let's not turn this into a political argument please. All parties are to blame. Trump printed $2.5T and Biden continued to print an equal amount. Politicians are politicians, what gets my goat is the Fed going with the flow and not leading from the front. You don't need to be a big-time economist to know such a large amount of free money injected in a very short amount of time won't spike inflation in an uncontrollable fashion.

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