It definitely seems to be a buyers market out there. I certainly don't have to sell so I'll just hang onto it.
Vikki, you make a very good point:
"The bad thing about the correction is that the prices of restoration parts is still going up, so there may be fewer marginal cars saved as those who are restoring for sale won't be able to recoup their investment. That will help bolster the price for the remaining cars."
I don't think we'll see prices for parts going down anytime soon.
I didn't count on a political angle when I started the thread. However, since it was brought up, all I'll say is if you think the "Bush tax cuts" only benefited the rich, watch your pay check get a LOT smaller when they expire in 2010. A person making $75,000 will see their taxes go up about 3k. Ouch.
