A 1955 Mercedes 300 GullWing Coupe is not a car. It's a collectible.
You wouldn't drive it in the desert when a sandstorm is likely.
Nor in a blizzard on your way home from work.
But would you, as a reasonable person, pay as much for an old car as you would for exactly the same car - but new?
Harry
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Brad wrote:
Harry Pollard wrote: > > Ed, > > A couple of points: > An old car isn't as valuable as a new car. My old sofa isn't as valuable as > when it was new. An old house isn't worth as much as when it was new. > [snip]A 1955 Mercedes 300 GullWing Coupe is not worth as much as a new 500SL? Andreas Palladio's Villa Rotonda is not worth as much as a new Robert A.M. Stern MacMansion? -- There are also places where a horse is worth more than a kingdom. (But most royals don't sell their kingdoms to go there, by choice.) -- Poor people buy things that get used up and lose their value. Rich people (if they also have some sense of what's made well) buy things that increase in value as they gracefully acquire patina of age and scholarly citations. To those who have much, more shall be given. From those who have little, what little they have will be taken away. (--ref. lost, but it's gotta be somewhere in the Good News) \brad mccormick
****************************** Harry Pollard Henry George School of LA Box 655 Tujunga CA 91042 [EMAIL PROTECTED] Tel: (818) 352-4141 Fax: (818) 353-2242 *******************************
