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Where do you think classic cars come from? Classic cars are constantly being created as existing cars age into that bracket.
by scatters 4y ago
Where do you think classic cars come from? Classic cars are constantly being created as existing cars age into that bracket.
- robertlagrant 4y agoSure, and people buy them up, just as they buy land. They're a finite resource.
- scatters 4y agoThey are an elastic resource. The amount being created is responsive to demand. Also, they're substitutable; if people can't afford classic cars, they'll buy art, or wine, or yachts, or Rolexes, or a thousand other luxury goods. Land is only imperfectly substitutable, and it substitution has definite economic costs.