In 2003, my dad and I purchased my "dream car" - for $3,500. I had pictures of EBs cut out and GLUED to my ceiling and walls - I was an obsessed fifteen year old. It was a running, driving, slightly modified 1969, old Ford blue in color. It had a 351w and power steering... but that was it for "upgrades". The body lift was literally 4x4 blocks with hanger wire. My dad and I spent the following year fixing it up; fixed the body lift, added a roll cage, replaced the suspension, added seat belts, replaced spark-plug wires, rebuilt the carb, etc... When I turned 16 I drove that thing to highschool and shortly after started dating the girl of my adolescent "dreams". Shortly thereafter, my girlfriend's mother called my mom and informed her that her daughter wasnt allowed to ride in my "jeep thing" because it didnt have airbags.... up to that point, my mom had never even considered the fact it did not have airbags - she was just happy to see me so happy... So I like to think it was very hard for her when she told me the following day that I needed to sell it (for my safety). I regretfully agreed to follow her commands and let it go for $5,500 to a guy in Northeast Georgia about 2005 - but I vowed I would own another one some day.
In April 2017, 12-13 years after selling my first, I paid $8,500 for a rust-bucket that hadnt been cranked/driven in 10+ years - talk about kicking yourself for selling the first!! Since April 2017, I have been building this Bronco. Everyone told me before embarking on this rebuild journey; "buy one already fixed up" and "double the budget and the timeline your thinking about this build".... they were 100% correct. I initially thought I could have this thing running by Spring of 2018 and for $25,000 or less... boy was I WRONG! It is currently having the "built" engine I purchased and installed, rebuilt. I have more than double my original budget in the truck as it sits, and 18 months of hard work, and its still not done! Shoulda, woulda, coulda... oh well
However, I have physically touched every nut, bushing, and screw on the entire vehicle - so I have a special connection to it.... Unfortunately, you dont get to quantify sentimental value :/
I think the market price continues to rise because I am not the only schmuck that has ventured down this rabbit hole. Not necessarily to "make money" on his project, but is unwilling to sell it for a huge loss just to sell it. That said, everything is for sell and if someone comes along and wants it more than me and makes an offer to back it up... she gone!
Next one I buy will be built and ready to drive - regardless of the price.