Date:         Sun, 18 Sep 2005 09:50:15 -0500
Reply-To:     Stan Wilder <wilden1-1@SBCGLOBAL.NET>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Stan Wilder <wilden1-1@SBCGLOBAL.NET>
Subject:      Re: VW means 'Vacation Wagon' :-) equity
Comments: To: d spence <dkspence@TELUS.NET>
Content-Type: text/plain; charset="iso-8859-1"

I've got a TR2 for you right now for $6500.00.
Needs restoring but all parts are here and it only has about 1000 miles on a
new engine.
Details for anybody interested.

Stan Wilder
Engine Ceramics
214-352-4931
www.engineceramics.com
----- Original Message -----
From: "d spence" <dkspence@TELUS.NET>
To: <vanagon@GERRY.VANAGON.COM>
Sent: Sunday, September 18, 2005 12:55 AM
Subject: Re: VW means 'Vacation Wagon' :-) equity


> So John, that's why the TR6 I paid $6000 for 15 years ago is now worth
> $18,000
>
>
> One can only have "equity" in  property that is an investment, and
> either maintains or appreciates (Real Property) If that property is one
> that depreciates, then it is not an investment but an expense,because
> the depreciation will eventually equal the equity and there will be no
> value at all. Vehicles are machines, they depreciate in value and thus
> any "Equity" is eventually lost.
>
> Vehicles are expenses, not investments, depreciate, and thus have a
> continualy declining equity, until there is very small residual  value
> left. Residual equity if you want to callit thant. Such are the vagaries
> of the marketplace.