Call it anything you want. I call it reality and it will hit you one day in your face as I see it every day happening to people when they least expect it. You're point of view is that it is worth any price almost. Ok, if you absolutely have to have it then I guess it is. Get emotional then and buy the car. What's stopping you?
I don't get emotional about cars although one person likes to call that cheap. I have never seen a car that I had to have pure and simple. I'm more practical about such things and if I like it maybe I'll get it. If I don't then que sera sera. One likes to call that cheap but that is his limited view. When it comes to my cars, once I own then, then there is no cutting corners when doing work on them. I install the best I can and if it isn't my strong point I take to someone who can and tell them to do it.
By the way if you are going to call someone a cheap bastard, seems like a standard rebuke for someone who doesn't agree with you on these things, at least you could be accurate.
Your reply is unclear about reality hitting one in the face someday? You mean that people that buy emotionally and pay too much in your view, are going to be sorry, and will end up in bankruptcy or something (
hit them in the face)?. Assuming this is indeed a low mileage Monaco, there are many things you would not have to repair driveline/accessory wise that will save you money over buying a lower priced, higher mileage example. Also, if paying $7500 is going to put one at risk financially instead of $3500, one probably shouldn't even be looking at old cars to buy. You say you don't get emotional about cars, but you must have some emotion regarding these cars, otherwise you would be better served to buy a newer, more reliable, more economical to operate vehicle. And like it or not, this is a world economy now and the prices that people overseas are willing to pay for one of these vehicles factors into the value. I believe some astute buyer overseas will buy this car and it will be a reasonable price. By the way, this site is probably the most accurate for estimating values of cars from my past experience, and this Monaco at $7500 fits well within its estimates:
Collector Car Prices, Muscle Car Prices at Collector Car Market Review
When I use the word "cheap" in terms of one's buying characteristics, for me it means that the their estimated value of a model is well below what these estimates reflect as reality. But I do not use the word "bastard", but that is just common jargon these days and maybe a thick skin here would be worthwhile.
By the way, I agree with you that a world wide economic reckoning is indeed brewing, and it would be wise to keep that in mind when buying non essential items these days. Especially houses.............. And the wealth inequality present in the U.S. today is not sustainable and it is still growing.