Given today's real estate market

[bbcard1]

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!!

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.

[mrvster]

If u can, have both

If not, a house would have to come first before your cards, like Leon said " you can't live in your cards"....

But if ur half way comfy, and basically don't need an "extra" house, or your doing fine making your mortage payments, then why not collect/invest in vintage???????????....if u don't wan't to deal with investment renting, then my theory is collect/invest....


like antiques=rarity and condition...

i go with rarity, that supercedes condition unless u can afford both inmho...


collect rare, qaulity, desirable cardboard....


i have only seen my t206 rarities appreciate since 1998 at exceedingly crazy rates....

i don't know, but i think the trend is keeping up with wag pushing the investment/collection...



but if your not into t206, there are other issues ....some are too are too volitile...

i love ojs, as a second vehicle, but unless collect the rareer ojs, the commons remained stable...anything 19th century seems like a safe investment also, mayos, ect


i got my quarterly 401 K statement and almost cried the other day, and hasn't gotten that much better over the years, changed the investment mix / diversification doesnt seem to matter either the "investors know what they are doing"



(please excuse me ,old business major here)



I don't care what anyone says, the rare unique desirable cards(in any set, that would be debated in another thread) seem to , dare i say it, recession proof

cardboard is only worth what someone else is willing to pay for it, like anything else in this world.....and if it is rare and desireable enuf, the investment takes fruition....like a small entity,

as long as there are individuals with moola, the desireables will be in demand..


simple economics=


supply and demand....

you would have to take care of maslow's heirachy of needs first and foremost, if you are comfy at the level you are at , then why not collect/invest.... cardsare very liquid( also as leon stated)

collectors are going to cringe when they read what i wrote about collecting as an investment, but these are different times, and these maybe alternative investments for many, instead of the traditional ones...

i always wanted to buy gold years ago, but never did.....that to me is a good investment....education is a good investment.....1988 topps might not be

i like real estate, but i am obsessed with t206


Summation:


COLLECT TO INVEST IF YOU ARE WORRIED ABOUT It, it's not far fetched .......

sell if in trouble...


sell your freak t206 to me is so desired??

peace

johnny

[z28jd]

Someday Johnny, you will work all 11 emoticons into the same post, forcing Leon to create new ones. Keep on working towards your goal my friend!

To answer the question in this thread, I have no clue. I live in an apartment above a garage and almost 90% of my assets are cards, 8% is in 2 antique cars, 1% is silver and 1% is cash. I do have enough cards from the 80-90's to build a house out of them so pish-posh to whoever said you can't live in your cards

Originally Posted by mrvster

If u can, have both

If not, a house would have to come first before your cards, like Leon said " you can't live in your cards"....

But if ur half way comfy, and basically don't need an "extra" house, or your doing fine making your mortage payments, then why not collect/invest in vintage???????????....if u don't wan't to deal with investment renting, then my theory is collect/invest....


like antiques=rarity and condition...

i go with rarity, that supercedes condition unless u can afford both inmho...


collect rare, qaulity, desirable cardboard....


i have only seen my t206 rarities appreciate since 1998 at exceedingly crazy rates....

i don't know, but i think the trend is keeping up with wag pushing the investment/collection...



but if your not into t206, there are other issues ....some are too are too volitile...

i love ojs, as a second vehicle, but unless collect the rareer ojs, the commons remained stable...anything 19th century seems like a safe investment also, mayos, ect


i got my quarterly 401 K statement and almost cried the other day, and hasn't gotten that much better over the years, changed the investment mix / diversification doesnt seem to matter either the "investors know what they are doing"



(please excuse me ,old business major here)



I don't care what anyone says, the rare unique desirable cards(in any set, that would be debated in another thread) seem to , dare i say it, recession proof

cardboard is only worth what someone else is willing to pay for it, like anything else in this world.....and if it is rare and desireable enuf, the investment takes fruition....like a small entity,

as long as there are individuals with moola, the desireables will be in demand..


simple economics=


supply and demand....

you would have to take care of maslow's heirachy of needs first and foremost, if you are comfy at the level you are at , then why not collect/invest.... cardsare very liquid( also as leon stated)

collectors are going to cringe when they read what i wrote about collecting as an investment, but these are different times, and these maybe alternative investments for many, instead of the traditional ones...

i always wanted to buy gold years ago, but never did.....that to me is a good investment....education is a good investment.....1988 topps might not be

i like real estate, but i am obsessed with t206


Summation:


COLLECT TO INVEST IF YOU ARE WORRIED ABOUT It, it's not far fetched .......

sell if in trouble...


sell your freak t206 to me is so desired??

peace

johnny

[mrvster]

Your collection is insane!!!

I seriously think we have a seriuos problem LOL

[z28jd]

Originally Posted by mrvster

Your collection is insane!!!

I seriously think we have a seriuos problem LOL

I think you're right. I definitely don't have my priorities straight in the eyes of 99% of the people I know...the other 1% collects baseball cards too