The date of 9-11-2001 is burned into the memory of everyone in America. There will be literally millions of posts and retrospectives and endless rehashing of the events of that day and no doubt it will be to the point where our minds turn numb from thinking about the horrific events of New York City and Washington D.C. and even the Pennsylvania wooded crash site and what was perhaps the one shining event of the day, if you can take anything out of the day and say it was a “good” thing. The passengers and their bravery to determine from what they knew from earlier events decided their fates and ended what was to be an even worse outcome and they brought their plane down before their attackers could harm countless thousands more.
I was working as a “Handyman” at the time and as luck would have it I was off that day and at home. I had the CNN news in the background on the television while I went through my morning e-mails looking for job leads and prospective projects. Then they broke in with what was described as a small engine airplane had crashed into the World Trade Center. When they cut to live video of the scene, the first impression was that there was a large amount of damage area for being a Cessna. It turned out to be much worse than the first report. By the time the second plane flew into the second tower on live TV, everybody watching knew we were under attack. There was no “accident” in the events we witnessed. This was an open and shut attack on America.
To say the date changed my life is only to say the date changed the lives of every single person in the United States and quite possibly… the lives of nearly everyone around the world. We in America know how our lives were effected, but as we put together our “coalition” of nations to wage war in Afghanistan and then further to invade Iraq, we effectively made our problems those of the world as well. The chain of events caused by our “War on Terror” are now part of history and I am not going to debate whether good-bad-or indifferent. They are done and we still are going to be paying the bills for what has happened for the next 20 to 50 years. We basically borrowed the entire funding for the war and we have yet to start the payment plan.
I do not get into politics here on my blog and I am not going to now either. The point is, the events of 9-11 made changes not just to our government but to our citizens as well. Personally, I decided life was short and the events proved to me that nobody has any guarantee for a future. Most of America decided the same thing because as a whole… America went on a spending binge. We went out and bought bigger houses and more cars and boats and RV’s and ran up the credit card debts to the point where when things started getting tight, everything came tumbling down.
We went from under 5% unemployment to almost 10% in the past 3 years. Literally millions of Americans have not only lost their jobs, but also their homes. Real Estate in no longer “Money-In-The-Bank” as it has been since I was born in 1957. The value of your home was a savings account for anyone who owned their home. Those days are behind us as values are often half of what they were 3 or 4 years ago. I live in a subdivision that was built about 7 years ago and just on my cul-de-sac of about a dozen homes there are 3 repossessed homes sitting empty. It was 4 but after 2 years one was finally bought by the people who defaulted in the first place. Apparently after 2 years of no mortgage payments they saved enough to not only buy their house at its new reduced price but also to put another $20,000 into landscaping and privacy fencing, new patio and a new car.
Anyway, even in a bad economy there are ways to make steps forward is the point I guess. The Classic Car hobby has also changed in the past few years. The million dollar “Muscle Cars” have tapered off and unless the vehicle in question has a substantial pedigree it certainly will not draw a million dollar bid these days. That’s not to say new records for price are not being set…. they are…. but it has to be a historical piece, not just a low production hemi powered Plymouth convertible these days.
The current situation for what I see at the major auctions is more of a thinning of the herd in collector circles. With the overhead associated with larger collections, they seem to be selling the lesser value cars for reduced prices in order to buy higher value cars at equally reduced prices. In other words they are selling a 25,000 dollar Mustang for 12,000 in order to buy a $60,000 Chevelle for $30,000. In their minds they are not losing $13,000…. they are saving $30,000. Actually a gain of 17,000 when you consider the loss. But the downside is they are using cash out-of-pocket to do it and will not see that gain for a few years in all likelihood.
For the guys like me, this is good news because there are more cars available at what is considered entry-level prices that come already restored or at a minimum in very good “driver” condition. Even my beloved 1971 Plymouth GTX with it’s 440 engine and 4 barrel carb can be found for half of its previous $60,000 value. Patience is all you need and of course….cash.
Anyway, I guess the point I am trying to make is that despite the current bad economy, and all we have been through in the last 10 years, there are bright spots for all of us. And the brightest thing of all….. is that we are still here 10 years later.
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