Skip to main content
Gerry | Vanagon
Checking account...
← vanagon.com home · Continue the discussion in the forum
Subject:Re: Cost of Hobbies
Date:Tue, 11 Jun 1996 23:41:26 -0400

Rodney asks if anyone can punch holes in his theory of depreciating
restoration costs as a way of rationalizing absurd expenditures.

As one who has given up hope of containing the costs to a double on my $3900
original purchase, I submit the true test is asking if you would do it again
knowing what you know at the end. The answer for all except the true nut
ought to be "No, I'd rather pick off the other poor schmuck who doubled his
cost and is now selling for half."

Rodney is correct that once you're at the back end of your project you have
no other way to justify your poor decision except a multiyear depreciation
schedule.

BTW, I saw a 74 Thing in the paper tonight in need of "minor repair" for only
$1,200...Hmmmmmmmm

Weston