Quote:
Originally Posted by BeanTown
Just look at like the housing market back in 07-09 where you sell your house worth 350k for 250k. Then take that 250k and buy a 450k house for 250k.
I could have used the same example by saying sell your 350k house for 450k and then buy a new house valued at 400k for 450k if you really like it.
It’s all relative. How do card prices rise in value???? People pay more than what the last one sold for and it becomes a precedent or a comp.
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I think we all get that concept. And it's obviously been one hell of a run for the last 3 years.
The bigger issue in my mind is when people decide that there's other stuff they'd rather have for their cash, especially when we're talking about real serious money in the 5 and 6 figures for so many pieces out there. That's real money. Potentially life changing money (whether you're buying or selling). It's not as if there are no other alternatives for people to invest/spend/consume. Unlike houses, there's no innate connection between basic survival and cardboard. And if enough current collectors/holders/investors/owners decide they'd rather have all that sweet, sweet cash than continue to have and to hold the cardboard, then that's when the party really gets down.
Obviously cardboard continues to defy gravity that way. For some odd reason, us people (including me) would rather have a single nice piece of cardboard than a gigantic stack of cash that they could spend or invest for literally anything else. I'm just not convinced that it will continue FOR EV ER. It's not as if it's an impossible thing to happen. In theory, all it would take is a shift in the dynamic, with more people getting out than are getting in. The same process that happens on the upswing works in reverse going down.
Aaaaaaaaaaaany minute now!