Quote:
Originally Posted by Leon
Politely disagree. I can sell cards in the next hour to get 200k and have it tomorrow......can't do that with a house. Hell, I have an 815 credit score and can't even refinance!!
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You have to admit you are unusually qualified to sell cards for nearer retail...which is cool. You are probably well aware that the refi issue is most likely your employment status, not your credit score. I have a friend who runs a rather successful recruiting business with 15 employees. The employees can qualify for loans based on their salary and gainful employment, but he cant' because he is dependent on a company he runs. Even though he is the guy who pays all the other people.
We have had similar problems. Had I not sold baseball cards to a banker for years, I would have probably not been able to get the very small loan I needed to start my company...
But yes, anything will sell at a price. There are plenty of cash buyers for real estate if the price is good enough.
For what it's worth, I am pretty much investing in saving money and keeping it reasonably liquid. I have a son heading off to college next year and a daughter three years after that. I buy cards for enjoyment, though I hope in the long run to at least break even. I buy a little metal, but you have to be in a very specialized place for that to work an it's a pretty small part of my financial equation. I can certainly see an inflation scenario and would think that the factors would point toward that...but I could also see a deflationary cycle with the pressures.