Money pit

Guns are a Money Pit?

With the exception of 2 of my full autos, I've spent way more on car toys than any firearm.

Here's my money pit, the Blue Abyss

Ya'll should try out ham radio if you want to spend money.

I snowmobiled for 25 years, and had Jeeps for 12 of those. There is no end to the amount of money that can be spent. I started reloading when I sold the last sled and trailer as a way to pass time in the winter. I still had the Jeep at that time. In the past 8 years the Jeep lasted for 4 more years, but the firearms and reloading gear continues to grow. I'm out of room at this point. Looking to remodel the basement or figure out a way to move my hobby

-Jeff

Bartojc said:

I snowmobiled for 25 years, and had Jeeps for 12 of those. There is no end to the amount of money that can be spent. I started reloading when I sold the last sled and trailer as a way to pass time in the winter. I still had the Jeep at that time. In the past 8 years the Jeep lasted for 4 more years, but the firearms and reloading gear continues to grow. I'm out of room at this point. Looking to remodel the basement or figure out a way to move my hobby

-Jeff

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I have a go back on my last thread. Sleds and their trailers probably tops my list too. Sleds...so fun...so expensive.

swagbrdr said:

I have a go back on my last thread. Sleds and their trailers probably tops my list too. Sleds...so fun...so expensive.

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Speaking of gun collections I could have had! Been riding since '74, first new one in '82. Wife and I got together in '88...had to have one for her. Figure we've spent somewhere in the neighborhood of $150K in the last 30 years plying the whitetop. Don't stimulate the economy by putting it in the bank: gotta spend it to get it.

I have a friend who has been a collector of many things, but most notably, guns. Last time we talked his collection had grown to about 300K in value. He said, "At this point, my collection owns me." He was referring to the precautions he takes when he travels, the special room he designed and built to be secure, accessible and display the collection fully, cataloging, cleaning, and on and on. His latest concern is not wanting to leave his wife with an unmanageable burden. He is 78 and has health problems. Food for thought for all of us. We are all passionate about our hobbies. eh?

WestKentucky said:

They are all better than golf though... wait I have clubs too... and fishing is just losing $10 lures... I took up fly tying to avoid those $10 lures but now I spend as much on fly tying supplies as I used to spend on lures... maybe I should buy an old car to fix up... that sounds like a good idea.

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An old car to fix up? Talk about a money pit. Reconsider that idea.

Newtosavage said:

60 guns? damn. I'm sorry but you need a shrink.

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I remember when I only had 60 guns...........

Guns go up in value if you do not buy junk plastic guns. You have to keep them for quite a while though. Look at the appreciation of full auto firearms if owned pre ban.

Casefull said:

Guns go up in value if you do not buy junk plastic guns. You have to keep them for quite a while though. Look at the appreciation of full auto firearms if owned pre ban.

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I dunno man, have you seen the collections that have ended up at auction and places like Cabelas gun library, where they paid pennies on the dollar compared to what the seller paid?

Your example is very, very narrow. I don't believe that guns go up in value. They may not lose value as much as other things, but go up? Not relative to the dollar IMO. Here's a for instance:

https://www.in2013dollars.com/1960-dollars-in-2018

A pre-64 Winchester that cost $100 in 1960 should be worth at least $848 today. But they aren't. More like half that.

Now, some would say losing only half their value over 60 years is pretty good, and it is. But very few guns actually gain value.

If all you're focused on is the financial aspect, you're doing it wrong. I don't do this stuff to save money, let alone make money. I do it for the enjoyment. Life is short, live it.

Nothing has gone up in value if you are looking at the buying power of our currency. The value of the dollar has been heading towards zero my entire life. Firearms are incredibly cheap in relation to our earning power today. BTW I Purchased a model 94 for $99 brand new and I still have it and it’s still brand new. I also bought a used HK 91 for $490 and still have it and it’s like new. Buying at retail and selling for used is why a lot Americans don’t have any money.

The CMMG .22LR upper I got this week has surely disappointed. Getting light strikes and groups that could be more accurately described as patterns.

Casefull said:

Buying at retail and selling for used is why a lot Americans don’t have any money.

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That ain't why.

Yes it is. It is called pissing away money on things you cannot afford.

22lr in an AR has never been a good idea.

Casefull said:

Yes it is. It is called pissing away money on things you cannot afford.

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Buying something new and selling it later is not how I characterize "pissing away money", nor do I believe it's the reason why so many people find themselves in financial peril. But that is a discussion for another place.

Casefull said:

22lr in an AR has never been a good idea.

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You're starting to run real lean on credibility. Pray tell, why was it never a good idea?

swagbrdr said:

I’ve spent way more on bikes and guitars than guns. To each their own.

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Dont get me started on my vintage amp and fuzz collection I finally widdled down....