The hobby morale is low video

[raulus]

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.

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!

[Seven]

Echoing what has been said, and this is a point that I've made numerous times. I'm always happy when someone scores a new pickup, or gets their grail card. Just as I know many are happy for me, when I post something new that I've picked up. At the end of the day this hobby is all about the cardboard, and our shared love and commitment to said hobby.

I almost get a feeling of Envy though when I hear about someone telling me how much they paid for a t206 Matty, or a 52 Topps Mantle, or 33 Goudey Ruth. It's not because I'm not happy for the person, it's because that I simply wasn't alive at the time these cards were available for reasonable prices.

And I fully understand inflation is a thing, and the value of a dollar is different, but even if you track the price of the card, and adjust it for inflation, some cards are worth four or five times their value. It's almost like when we look at the Housing market. My Grandparents paid $10,000 for their house back in the 1950's. If adjusted for inflation the same house today would be a bit over 100K. What's the house actually worth? Over $1.5 Million.

I understand this is life, and I'm not exactly complaining about the hand I was dealt, but God sometimes I really do wonder how people are able to do it nowadays.

[Aquarian Sports Cards]

Originally Posted by Seven

Echoing what has been said, and this is a point that I've made numerous times. I'm always happy when someone scores a new pickup, or gets their grail card. Just as I know many are happy for me, when I post something new that I've picked up. At the end of the day this hobby is all about the cardboard, and our shared love and commitment to said hobby.

I almost get a feeling of Envy though when I hear about someone telling me how much they paid for a t206 Matty, or a 52 Topps Mantle, or 33 Goudey Ruth. It's not because I'm not happy for the person, it's because that I simply wasn't alive at the time these cards were available for reasonable prices.

And I fully understand inflation is a thing, and the value of a dollar is different, but even if you track the price of the card, and adjust it for inflation, some cards are worth four or five times their value. It's almost like when we look at the Housing market. My Grandparents paid $10,000 for their house back in the 1950's. If adjusted for inflation the same house today would be a bit over 100K. What's the house actually worth? Over $1.5 Million.

I understand this is life, and I'm not exactly complaining about the hand I was dealt, but God sometimes I really do wonder how people are able to do it nowadays.

On a tour at the famous Frank Lloyd Wright house Fallingwater, they mentioned that the construction budget in today's dollars would be just over $3 million. I don't know if you could build that today for 30 million.

[Republicaninmass]

Originally Posted by Seven

I understand this is life, and I'm not exactly complaining about the hand I was dealt, but God sometimes I really do wonder how people are able to do it nowadays.

See national debt, credit card debt, debt to income ratios, savings accounts, and plans for retirement.

Just keep spending!

[Seven]

EDIT: Double Post