Wow ! I really like everyone answers - so I'm not afraid to offer mine !! To the question BOTH ! (But not in comparison to mods/investment)
I too build my cars to my taste .............BUT this is "date coded, line specific historical restorations" and SO FAR everyone has held their value and or made 2 or 3X money spent. I make that statement NOT from the standpoint of "all work other than stock is a waste" OR bragging about results.
I respect the well built restomod, I too can see the FUN of a performance build. Here's the thing - I don't drive my cars! I get one out MAYBE every three to four years and take to shows, racetracks etc etc. Anyone with a collection knows the effort it takes to store, rotate prevent deterioration and keep running! That is a 365 day job - that when you restore a car a year or so often doesn't allow for anything more.
No one likes to loose money IMO ! I lost money on my first ten cars, broke even on my next 10. When I was young I thought I had to "save them all" ! IF I continued with that business model I wouldn't be able to buy, sell or assist others today. So for me the answer is BOTH!
Mark
P.S. How many of us know friends that "because the had a car/could buy a project" have gone down a VERY BAD path because they got in too much money to stop now? I say that because "knowing how to take a loss" is as important a trait as knowing how to make money from saving money. (on a dog)
I too build my cars to my taste .............BUT this is "date coded, line specific historical restorations" and SO FAR everyone has held their value and or made 2 or 3X money spent. I make that statement NOT from the standpoint of "all work other than stock is a waste" OR bragging about results.
I respect the well built restomod, I too can see the FUN of a performance build. Here's the thing - I don't drive my cars! I get one out MAYBE every three to four years and take to shows, racetracks etc etc. Anyone with a collection knows the effort it takes to store, rotate prevent deterioration and keep running! That is a 365 day job - that when you restore a car a year or so often doesn't allow for anything more.
No one likes to loose money IMO ! I lost money on my first ten cars, broke even on my next 10. When I was young I thought I had to "save them all" ! IF I continued with that business model I wouldn't be able to buy, sell or assist others today. So for me the answer is BOTH!
Mark
P.S. How many of us know friends that "because the had a car/could buy a project" have gone down a VERY BAD path because they got in too much money to stop now? I say that because "knowing how to take a loss" is as important a trait as knowing how to make money from saving money. (on a dog)