the misanthropologist: Cheap and Unattainable

I found a 1964 Porsche 356 in Los Angeles for $4,000.

It was a "project" car, but straight and rust-free. Everything was there, including the original engine. It was primer gray and needed a lot of work, but was a diamond in the rough.

My researches have led me to believe that this is exactly what this car should be worth. There is a market "bubble" for these cars right now, and they are selling for at least double what they should-- what they did sell for 2-3 years ago. An increase of 100% in 3 years is well above inflation.

What I'm saying is, I'll have to wait until the bubble bursts before I can buy one of these "dream" cars. This is too bad, as the best thing about the 356 is that, relative to other classic sports cars, they are/were within the realm of affordability. For instance, check out

this amazing 1967 Jaguar XKE roadster for the low price of $42,000-- actually a really good buy.

By contrast, in a normal, un-inflated time, one can buy a decent, drive- able 356 or a new Honda Civic for $17,000.

So anyway, this poor guy in LA didn't realize that the market for these cars are over-priced right now. He sold it within a couple days of posting it, for what it should be worth ($4,000), instead of what comparable cars are selling for these days.

Actually, the closest I have found to this LA car is