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This is the "pack rat's conundrum" as I call it. If we assume the average rent over the past 15 years (or 180 months) was $1,300, then he would have grossed $2
by spaceflunky 10y ago
This is the "pack rat's conundrum" as I call it.
If we assume the average rent over the past 15 years (or 180 months) was $1,300, then he would have grossed $234,000 in rent. Probably enough to buy one already resorted within the last 10 years. And definitely enough to pay someone to restore his own.
In other words, he could have just taken the car out 15 years ago, then used the rent to either directly pay for the restoration or use the rent to finance a loan for the restoration.
- camhenlin 10y agoEven the least maintained, least rare (they're all VERY rare) Ferrari 250's all go for well over $500,000, with many going for over $1,000,000. So probably not. See: https://www.hemmings.com/classifieds/cars-for-sale/ferrari/250gt https://www.hemmings.com/classifieds/cars-for-sale/ferrari/2...
- gwern 10y ago(Of course, he could also have sold the car back in the 1960s or something and enjoyed 50 years of compounding mutual fund or index returns.)
- jacobush 10y agoOr booze
- gwern 10y agoIf he has the discipline & future-orientation to wall up and maintain with custom parts a Ferrari for decades on end, I think he is probably not the kind of guy who would've sold it and immediately blown it all on booze.
- jacobush 10y agoMaybe, maybe not. There is something potentially obsessive about walling up and maintain a Ferrari like that. :)
- hkmurakami 10y agoThe thing is, there are car enthusiasts who would much much rather do all the work themselves since they know that that's the only way they guarantee that everything turns out "right" without any corner cutting.
- jacobush 10y agoMy precious
- Moto7451 10y agoYou pretty much hit the nail on the head.