Quote:
Originally Posted by G1911
The only thing that surprises me is that the people buying $100K cards need to turn them into liquid cash so quickly in a market that’s falling and continuing to go down. Most cards are at half their Covid peak or less; one might still make a profit or is very likely to take significantly less of a loss with some patience by holding.
Of course, that assumes there was an actual Covid high sale and the card(s) did in fact change hands, which is an awfully large and generous assumption.
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I am pretty sure it changed hands. It sold thru REA two years ago. REA is not in the business of sitting on 6 figure cards for 2 years. Whoever bought it obviously has more money than sense however. And might not be as financially money savvy as one would hope.