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Fair. Probably true.
So... 50s and 60s Fenders are insane money, but 70s seem much, much less so. For obvious reasons including lower quality and higher production. But is there something around a few grand that would make a sound investment but also be fun to have around in the meantime? Just asking for a friend...
Sparky-
If you buy any known brand used it's unlikely to lose value but in terms of 'investment' I'm not sure. Maybe a 60's jag/jazz, or something more recent but ltd edition and leave it in a cupboard for 50 years?
A few years ago I would have said get an original 70s/80s analog synth but the modern reissues and glut of new models have frozen prices for a while now.
Dramatic_Hammer
I think even then a lot of it was an illusion - multiple shops owned/run by the same people and used prices aimed at collectors over players.
I liked Rock Stop just round the corner on Charing Cross road though - some interesting stuff, sensible prices and willing to do a deal on new bits.