Can anybody explain this?

[Archive]

Posted By: Brian Lindholme

Wonderful conversation about the "bubble" being burst on the vintage market we all love. I guess Barry was referencing a true "house of cards" in his comment about real estate prices skyrocketing...
I don't think either houses or cards are likely to stop climbing in value anytime soon, but gosh...I have to think there is a limit SOMEWHERE !

I am not a trained economist, but this seems simple : When wages do not increase at the same level as the items we either need or want to purchase, the madness will eventually have to end.

Look around, it's not just baseball cards and houses that are selling for higher prices...I paid about double the price I would usually expect for a head of LETTUCE yesterday. If it went to triple the expected cost, I would have to reconsider my turkey sandwiches without it. I don't get paid 3X (or even 2X) what I did last year when a gallon of OJ (Orange juice for those of you so deep in admiration over Old Judges that you forgot only set me back half as much. It is everywhere...Why, my trash collector just announced a price increase, so I have to hang onto my 1991 Donruss a little longer!

My long-winded point is this...

Sooner or later no one will be able to afford ANYTHING if the prices don't stop going up. I wish that Old Baseball Cards would remain affordable, and luckily I can still add to my collection periodically, but I couldn't afford to buy my own house again, and the 8 yr old car is being asked to hang in there a couple more years. It's madness !
Ah...let's enjoy our hobby while we can.

Brian