Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Interests rates on excellent credit for a personal loan is what... 3% these days? This game appreciates way more than 3% per year.
Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Interests rates on excellent credit for a personal loan is what... 3% these days? This game appreciates way more than 3% per year.
I would be surprised to see an unsecured personal loan for anywhere close to that.
More like 8 - 10% for what a bank would call a "personal loan".
I wouldn't call the HELOC you mentioned a "personal loan", since it is really a flexible second mortgage.
That said, comparing any of this to paying interest on a low-rate 30 year mortgage isn't really apples-to-apples, since that 150k loan doesn't cost you anywhere near 400k in "today's" dollars. Future dollars are at a discount (a considerable discount when you're talking about 20 or 30 years).
Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Interests rates on excellent credit for a personal loan is what... 3% these days? This game appreciates way more than 3% per year.
I have a hard time believing you can get an unsecured personal loan for anywhere close to that.
I wouldn't call the HELOC you mentioned a "personal loan", since it is really a flexible second mortgage.
Poor terminology on my part. I did mean a HELOC.
I don't think anyone could even touch a sub-5% personal loan today with 750+ credit. At best you're looking at 6-7% for those types of loans which at that point it's no longer worth it to take one out.
Having a HELOC is a great way to loan money since again, the interest is deductible. As long as there's no yearly fee, early payment fee, and has a fixed rate there's virtually no risk.
Having a HELOC is a great way to loan money since again, the interest is deductible. As long as there's no yearly fee, early payment fee, and has a fixed rate there's virtually no risk.
I had the impression that most HELOCs were variable rate, though I've never had one myself.
Interest being deductible isn't all that special for most people, since it won't be enough to clear a standard deduction on its own, and if you're already itemizing, the incremental benefit of HELOC interest is likely quite low (i.e. unless you are in the top bracket, single, with no kids, the discount on the HELOC interest is probably as low as 15% of the amount you're paying in interest -- it is a tax DEDUCTION not a tax CREDIT, so nowhere close to dolllar-for-dollar)
PS - I checked personal loan rates with PenFed (known to have generally competitive rates) and their best advertised rate is actually 9-and-change. Unsecured loans are expensive.
Most yes, but you can get a fixed rate at some banks. You're charged a bit more at face value- but you don't have to worry about the rates dramatically increasing.
Edit: The way a "fixed" HELOC works is you open a variable HELOC, and then lock in your rate. I think you can even cancel a lock if you do it before 30 days, or 45 days. But after that, you're locked in at that rate even if rates go down.
I re-financed my car last month for under 2% and they offered to give me something like 5-8k as a personal loan between car value and actual loan. I thought about using that money to get a stadium events cart...for a minute anyway.
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
There is a difference between a bubble, and an increase and gradual decline due to eventual loss of interest.
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
Those games have been going up for years. It's not like they "just took off" in the last few years, it's only when people notice them. Games with boxes/manuals have increased tenfold for every single boxed platform (cardboard, not Sega) that I can think of.
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
Those games have been going up for years. It's not like they "just took off" in the last few years, it's only when people notice them. Games with boxes/manuals have increased tenfold for every single boxed platform (cardboard, not Sega) that I can think of.
Not so much with early gen games. Esp Odyssey 2 and Intellivision. Most Atari and Colecovision hasn't gone anywhere either.
Comments
Yeah, if you want to pay it off in three years you're gonna pay about $850-$1k/mo. (and that's if you finance the ENTIRE purchase)
Originally posted by: DreamTR
Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Interests rates on excellent credit for a personal loan is what... 3% these days? This game appreciates way more than 3% per year.
I mean, $8500 is less than many go for.
Perhaps, but none of those were missing the entire top label.
Originally posted by: JosephLeo
Originally posted by: DreamTR
Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Interests rates on excellent credit for a personal loan is what... 3% these days? This game appreciates way more than 3% per year.
I would be surprised to see an unsecured personal loan for anywhere close to that.
More like 8 - 10% for what a bank would call a "personal loan".
I wouldn't call the HELOC you mentioned a "personal loan", since it is really a flexible second mortgage.
That said, comparing any of this to paying interest on a low-rate 30 year mortgage isn't really apples-to-apples, since that 150k loan doesn't cost you anywhere near 400k in "today's" dollars. Future dollars are at a discount (a considerable discount when you're talking about 20 or 30 years).
Originally posted by: arch_8ngel
Originally posted by: JosephLeo
Originally posted by: DreamTR
Also, I've taken payments from people on said items that did use NWCs as "investments" and they did fine on them. People lose their hat on mortgages sometimes. Heck, all the time. It's better to buy an NWC at 30K with interest than a house at 150K you end up paying 400K for in 30 years lol, they are just like a car, I see no difference. At least the NWC has more value afterwards than a car.
Interests rates on excellent credit for a personal loan is what... 3% these days? This game appreciates way more than 3% per year.
I have a hard time believing you can get an unsecured personal loan for anywhere close to that.
I wouldn't call the HELOC you mentioned a "personal loan", since it is really a flexible second mortgage.
Poor terminology on my part. I did mean a HELOC.
I don't think anyone could even touch a sub-5% personal loan today with 750+ credit. At best you're looking at 6-7% for those types of loans which at that point it's no longer worth it to take one out.
Having a HELOC is a great way to loan money since again, the interest is deductible. As long as there's no yearly fee, early payment fee, and has a fixed rate there's virtually no risk.
Originally posted by: JosephLeo
Having a HELOC is a great way to loan money since again, the interest is deductible. As long as there's no yearly fee, early payment fee, and has a fixed rate there's virtually no risk.
I had the impression that most HELOCs were variable rate, though I've never had one myself.
Interest being deductible isn't all that special for most people, since it won't be enough to clear a standard deduction on its own, and if you're already itemizing, the incremental benefit of HELOC interest is likely quite low (i.e. unless you are in the top bracket, single, with no kids, the discount on the HELOC interest is probably as low as 15% of the amount you're paying in interest -- it is a tax DEDUCTION not a tax CREDIT, so nowhere close to dolllar-for-dollar)
PS - I checked personal loan rates with PenFed (known to have generally competitive rates) and their best advertised rate is actually 9-and-change. Unsecured loans are expensive.
Edit: The way a "fixed" HELOC works is you open a variable HELOC, and then lock in your rate. I think you can even cancel a lock if you do it before 30 days, or 45 days. But after that, you're locked in at that rate even if rates go down.
Originally posted by: DreamTR
Stadium Events appreciates in value. Most new cars do not.
Until the bubble bursts!
right guys!
.. guys?
ok, i'll show myself out.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
Originally posted by: MilonSecretStash
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
Originally posted by: Slayter
Originally posted by: MilonSecretStash
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
There is a difference between a bubble, and an increase and gradual decline due to eventual loss of interest.
Originally posted by: arch_8ngel
Originally posted by: Slayter
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
There is a difference between a bubble, and an increase and gradual decline due to eventual loss of interest.
"A bubble that expands and deflates slowly is still a bubble." -- Winston Churchill
Originally posted by: Slayter
Originally posted by: arch_8ngel
Originally posted by: Slayter
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
There is a difference between a bubble, and an increase and gradual decline due to eventual loss of interest.
"A bubble that expands and deflates slowly is still a bubble." -- Winston Churchill
Well, that isn't what the vast majority of people would consider a bubble, based on how things work in the real world.
Bubbles in economics are called bubbles because the inflate dramatically and then pop...like a bubble
Originally posted by: Slayter
Originally posted by: MilonSecretStash
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
Those games have been going up for years. It's not like they "just took off" in the last few years, it's only when people notice them. Games with boxes/manuals have increased tenfold for every single boxed platform (cardboard, not Sega) that I can think of.
Originally posted by: DreamTR
Originally posted by: Slayter
Originally posted by: MilonSecretStash
I was just thinking about the spike that happened in 2011 in NES prices. I entered grade school during the peak of the NES, 88-91, all we talked about was nintendo. Then in 1991 super nintendo is released and we're still playing our NES and Segas but dreaming of the better NES. A full generation passes and NES prices just go off the charts as we're hitting our late 20s, early 30s and actually have money from decent jobs.
So then 2013, 2014 SNES prices take off, a full generation after the 93-94 peak experiences with the consoles. It doesn't say much about the future of prices, other than the obvious thing that there isn't a second wave of people to sustain the spikes from the last couple years. Maybe a gold cart can appreciate the same as any other collectible, but the wild growth of the last couple years seems unreasonable as a future expectation of growth. It's not necessarily a bubble, because that wave of people who experienced the NES from about 88-93 will likely continue to have some interest in the console and 30k gold carts could be sustainable for a long time.
You should start a new thread about this alone! This would not be a bubble thread though, not at all.
Those games have been going up for years. It's not like they "just took off" in the last few years, it's only when people notice them. Games with boxes/manuals have increased tenfold for every single boxed platform (cardboard, not Sega) that I can think of.
Not so much with early gen games. Esp Odyssey 2 and Intellivision. Most Atari and Colecovision hasn't gone anywhere either.