How what is valuable changes over time!!!

When I came back from the service, 1977. I bought a 1947 "G" JD for $250 with a blown head gasket. I cleaned the head up and put a new gasket on it and used it. I sold it in 1985. I got $750 out of it. In just five more years it sold again and brought $1500. It just sold three years ago at auction and it brought $2500. The tractor has not been restored or repainted. The value just change over the years.

When I first bought it the guys that had used them when they where new, had families to raise. They did not want them for any price. Then a few started collecting them and the prices took off. The prices now have fallen off from the high ,unless it is an unusual tractor.

I remember my Grand Father telling about Packard 12 car selling for less than a hundred dollars in the mid to late 1930s. He and a Great Uncle bought them and scraped them. They would make a twenty dollar profit. He said that most of them where good running cars. They had to sell the one they had just bought to buy the next one. Can you think about what those cars would be worth today???

What about Depression Glass??? It was given away at the stores. So what is cheap today that will be sky high in fifty years????

It's our money that is cheap. TDF

So what is cheap today that will be sky high in fifty years????

Sadly most things made today won"t last 50 years, with the exception of humans!

Back in the 1980's, a fellow had a '77 full sized Chevy Blazer that was running odd. He thought the engine was shot so he sold it to me for $400. Turned out all it was was a pushrod had worn through the rocker arm. I never did figure out why, it was oiling OK. Anyway, I put a used push rod in it and set the rest of the tappets and it ran like a charm.

I sold it to a neighber a week later for $1500. He drove it to California and pulled a '58 Edsel back on a tow bar. When he got back, he had me redo the body on the Blazer and repaint it.

Then his wife decided she didn't like the Blazer, so she talked him into trading it to a local GM dealer for an S-10 pickup. The dealer put the Blazer on his lot for $3995.

Then my neighbor had me repaint the Edsel.

ETC, etc. Made a bunch of money out of the whole deal, but--that was what I was in business for.

(quoted from post at 22:51:12 10/21/11) When I came back from the service, 1977. I bought a 1947 "G" JD for $250 with a blown head gasket. I cleaned the head up and put a new gasket on it and used it. I sold it in 1985. I got $750 out of it. In just five more years it sold again and brought $1500. It just sold three years ago at auction and it brought $2500. The tractor has not been restored or repainted. The value just change over the years.

When I first bought it the guys that had used them when they where new, had families to raise. They did not want them for any price. Then a few started collecting them and the prices took off. The prices now have fallen off from the high ,unless it is an unusual tractor.

I remember my Grand Father telling about Packard 12 car selling for less than a hundred dollars in the mid to late 1930s. He and a Great Uncle bought them and scraped them. They would make a twenty dollar profit. He said that most of them where good running cars. They had to sell the one they had just bought to buy the next one. Can you think about what those cars would be worth today???

What about Depression Glass??? It was given away at the stores. So what is cheap today that will be sky high in fifty years????

Click to expand...

That 250 bucks in 1970 is worth about 899 bucks today. Still don't make it any worse.

yea I catch myself thinking about what I paid for something back then!

Rick

What's cheap today? How about water. What's weird is that it even falls free on the ground. I suppose hydrocarbon fuels are cheap too. Any type of scrap is cheap. Most of it goes into landfills.

What's expensive today? Ocean front property. Alot of it should disappear or get relocated. Airplanes should get cheap. Way to much unnecessary travel.

Bought any bottled water lately?

Ever price a 700 watt microwave oven in 1977 and in 2011 ?

If course not. You're not buying water. You have purchased packaging, various markups from several distributers, and marketing. It's all crap and there is no value added.

I don't drink anything that costs money. I drink rainwater from my cistern and that doesn't even use a pump.

Dad sold out in 1973, JD 70 gas, late model A, and the MF180 brought less than $3000.00 All were in great shape and used till Dads health was too bad to carry on. New Dodge bought in 1966 was $2700.00 new.

not even going back that far...

1999 Ford F-350 diesel pick-up. $28,990 with all the bells and maybe even a whistle.

2011 Ford F-350 diesel pick-up. $59,995 with a few bells, no whistles, and a stupid extra tank for DEF.


So, I paid $45,600 for my house in 2001.

Why is this new truck costing more than my house? Unless I can watch TV and poop in it, there is no way it should cost more than my house. then again, I guess I could put a TV in it, and crap in the driver's seat. would be a smelly ride, watching equally smelly programming, but...


I'm just saying...


WE are all retarded for paying this much. Then again...

1977 a bushel of corn: $2.01

2004 a bushel of corn: $2.01

Oh yeah! makes you want to throw your hat in the creek, doesn't it?

$7 bushels of corn in 2011 do make me smile, but I have to wonder if we will go back to the $2 corn in the future. How can I afford a new pick-up on $2 corn? Outrageous!


gasoline is going down. that scares me, because when the gas price drops, the crops are soon to follow.

1979, we helped afghanistan hold back the Russians, and we didn't sell them beans. Well, a hill of beans drop in price until it didn't amount to a hill of beans. hmmmm... that sounds funny.

So, if you owed money on a tractor in 1979 and had to tell the bank that you couldn't afford the payments because Russia was trying to have their way with Afghanistan, what did the bankers say? nothing, because they couldn't talk right while laughing that much.

So what do we do? We laugh a lot, watch funny movies and roll with the punches until we die. Our families are a lot more important than a hill of beans or the tractor that planted them, but dang, that makes my skin crawl! how about you?

We'll know a lot better in 50 years.

Warren Buffet's company is Berkshire Hathaway. Shares of Class A stock are around $100,000. They've never split. Those shares could be had for $19 in 1965.

I checked- Class A shares are a little over $115,000 each. $2,000 invested at $20 in '65 would be worth $11.5 million today.

Ah, what I wouldn't give for a time machine. . .