Possible recession changing your Car hobby purchasing plans?

[TerrysSPF]

I've been contemplating getting a new car. Possibly a Brock Coupe, Z06, or even the new ZR1 (depending on it's final price). Still thinking it over, but no longer in "rush" mode to put the Cobra on the market for spring. I may wait a little while longer.

My business is slightly slower in Chicago, but it's stilldoing well in SC, so I may stay down here in the south a little longer than normal this spring / summer. The housing market in Hilton Head SC doesn't seem to be getting hit as hard as most parts of Florida are. We have friends & family scattered all over Florida and they are loosing their a$$es (for the most part), but our place here in HHI is still priced well above what we paid for it a few short years ago. -New construction here has definately slowed down though.

As mentioned earlier, 401K's and IRA's are for the long term. I have moved some things around a little, but nothing major. Just make sure you are properly diversified.

Short term is for fun. Spend what you can, drive your car as much as you can, and don't run up the credit cards. We are still moving along fairly well as an economy. The housing bust will correct itself and get back on track shortly once the below prime mortgages are sorted out. Keep in mind that we are still around (or below) a 5% unemployment rate. -I remember not long ago, that was considered FULL employment by most administrations & economists.