What the hobby is becoming

[butchie_t]

I liken this latest craze to modern day house flipping. Buy a house, fix it up a bit put it back on the market and sell it for a profit. Shampoo, rinse and repeat.

Only with cards it’s buy the latest craze, get it graded and sell it for a profit…..hopefully. Or, buy graded and try to flip for a higher return.

[Eric72]

Originally Posted by butchie_t

I liken this latest craze to modern day house flipping. Buy a house, fix it up a bit put it back on the market and sell it for a profit. Shampoo, rinse and repeat.

Only with cards it’s buy the latest craze, get it graded and sell it for a profit…..hopefully. Or, buy graded and try to flip for a higher return.

I'd venture a guess that 95-99% of card flippers couldn't rewire a house, gut & then renovate a bathroom, or replace windows and exterior doors.

Having done all three, and much more, I can tell you it's a quite a bit harder than flipping cards.

[butchie_t]

Originally Posted by Eric72

I'd venture a guess that 95-99% of card flippers couldn't rewire a house, gut & then renovate a bathroom, or replace windows and exterior doors.

Having done all three, and much more, I can tell you it's a quite a bit harder than flipping cards.

The point and you really missed each other, but ok.

Thanks,

[Eric72]

Originally Posted by butchie_t

The point and you really missed each other, but ok.

Thanks,

My fault. I thought you were drawing a parallel between two remarkably similar groups of people who swear they know what they're doing, wholeheartedly believe prices will continue to rise, get in over their heads, and lose money stumbling through situations they weren't prepared for.

[Exhibitman]

FWIW every client of mine who is not a contractor and who tried to renovate and flip a house has lost money. When the music stops playing there will be a lot of unhappy 1990 Jordan owners.

[Republicaninmass]

Originally Posted by butchie_t

I liken this latest craze to modern day house flipping. Buy a house, fix it up a bit put it back on the market and sell it for a profit. Shampoo, rinse and repeat.

Only with cards it’s buy the latest craze, get it graded and sell it for a profit…..hopefully. Or, buy graded and try to flip for a higher return.

In short " when the shoeshine boy is giving you stock tips and saying how easy "it" is, run for the exits"
History doesnt always repeat itself, though it does make for a mirror