On Wed, 5 Jan 2005 11:18:42 -0800, Tom Sinclair <neeemo@yahoo.com> wrote:
> Every good bar has a crank--they help keep us honest.
> As far as real estate prices in CA go, I hope you boys
> are enjoying your bubble. Increasing $275k in three
> months?  Sounds like a Dot-Com.
>
> My place in Idaho was $80k and there's a $30k Vanagon
> Syncro Westy (that doesn't run yet) in the garage.
> Maybe Eric has a point.
>
> D&C in ID
> Tom

Tom,

Vanagon prices like housing prices. They will occasionally bubble.
Like Real Estate, they eventually creep back up. Ex. a 1991 Syncro
Westy sold for less than $28K new fully loaded in Cali. AT one pint
you could get them for as low as $10K in decent shape. They hit a
bubble at about $25K. Crashed to about $20K during the dot.com bust.
Now they have crept back up to $25K mark. A few had hit the high 40's.
It's probably another bubble just like SF real estate.

Bottomline is if you are happy with the your purchase, whether it's a
van or a house, few things matter. If you can hold onto it long
enough, the market will catch up to you and/or the price you desire.

Steve's Syncro is on the high end of the pricing pyramid where there
are few buyers. Those buyers do exist. The majority of us are at the
bottom of the pyramid competing for those which are priced much lower.
Same as real estate.

BenT