📈Is the correction over? What cards look attractive with an upside potential?📈

[KhalDrogo]

Originally Posted by ninjabum87

A lot of em probably got mega excited for the kick-off of what was ultimately a 9 hour long recession this week methinks.

One man’s economic pain is another’s gain. Lower rates should loosen the housing market, which I would gladly welcome.

[hermanotarjeta]

Originally Posted by tjforce

The rest of the cards i was referring to (with 1 bball included)




Point is that the really hard to find stuff is surging right now. In kicking myself for dragging my feet and missing out on another grail, but thats my fault.


Sent from my iPhone using Tapatalk

Baller status granted.

[hermanotarjeta]

Originally Posted by ninjabum87

A lot of em probably got mega excited for the kick-off of what was ultimately a 9 hour long recession this week methinks.

If only sports cards were this volatile.

[ninjabum87]

Originally Posted by KhalDrogo

One man’s economic pain is another’s gain. Lower rates should loosen the housing market, which I would gladly welcome.

It would certainly take the low rate handcuffs many existing home owners are saddled with. I'm not selling any of my properties at this rate because I'd be immediately paying 50% more on a mortgage for the same home or buying drastically less house.

Originally Posted by hermanotarjeta

If only sports cards were this volatile.

It can be but it usually takes serious injury or death. Or influencers I suppose.

[yiguiri2002]

Originally Posted by ninjabum87

It would certainly take the low rate handcuffs many existing home owners are saddled with. I'm not selling any of my properties at this rate because I'd be immediately paying 50% more on a mortgage for the same home or buying drastically less house.

Would you sell knowing the prices are going higher with lower rates and your monthly/total payments will be about the same as when rates were around 7?

[ninjabum87]

Originally Posted by yiguiri2002

Would you sell knowing the prices are going higher with lower rates and your monthly/total payments will be about the same as when rates were around 7?

Well one you're locked into a scenario where you have to cliffjump and take a nasty landing at the end. The other the price of your own assets should also be higher allowing you to roll that extra equity into defraying that price spike theoretically.

I am not hoping for a recession personally because last time one happened it was the largest wealth transfer from the middle class to the upper class that's ever occured in this country's history. I imagine it'd be more of the same unless we had a drastic shift resulting in increased home building, restrictions on non-resident foreigners and institutions/corporations owning homes, and probably tax changes that make residential homes unattractive as speculative investments over traditional market assets. Let the wealthy keep securities, commodities, startups, exotic collector cars, art, 90s basketball inserts, and Wemby bass and leave homes as investment vehicles for the middle class.

Continuing the march to a housing as a service (HaaS) model isn't going to turn out well.

[kluke84]

Originally Posted by KhalDrogo

One man’s economic pain is another’s gain. Lower rates should loosen the housing market, which I would gladly welcome.

You can 'loosen' rates to ~6.5%. Doesn't fix the ARM issue. Many reset this year or next year. Many Many are in ARMs.

Add the increase in insurance and certain areas are cooked. Best not to look at Zillow and stay in your locked in 2020-21 rates. Adjustables are still getting fried

[kluke84]

Originally Posted by ninjabum87

It would certainly take the low rate handcuffs many existing home owners are saddled with. I'm not selling any of my properties at this rate because I'd be immediately paying 50% more on a mortgage for the same home or buying drastically less house.



It can be but it usually takes serious injury or death. Or influencers I suppose.

Please define your low rate 'handcuff'. If a 30 or 15 yr fixed set at purchase, you not only locked in lower payments but also the taxes with marginal increase. Insurance another thing.

We are in a bit of stagflation. No one's buying no one is selling. 30 yr low in mortgage apps. The only handcuffs are if you are out of money or if you picked an adjustable (worse IO) ARM.

[Bosoxfan5990]

This thread stinks.

[kluke84]

Originally Posted by Bosoxfan5990

This thread stinks.

I don't understand '...x....'

Wah it's bad!

[Bosoxfan5990]

Originally Posted by kluke84

I don't understand '...x....'

Wah it's bad!

How many times are you going to derail the topic?

Why don’t you start a new thread in OT?

[kluke84]

Originally Posted by Bosoxfan5990

How many times are you going to derail the topic?

Why don’t you start a new thread in OT?

Did I?

I responded to others discussing shaky prospects of RE.

Please point out all the derailment. Otherwise it's an interesting topic to me

[Bosoxfan5990]

Originally Posted by Bosoxfan5990

So which cards have upside potential?

Bump.

[patchgenie]

Originally Posted by Bosoxfan5990

This thread stinks.

no, everything goes UP in fantasyland

[kluke84]

Originally Posted by patchgenie

no, everything goes UP in fantasyland

tard response.

What goes up?

I was discussing housing.

Cards? Lmao

[patchgenie]

Originally Posted by kluke84

tard response.

What goes up?

I was discussing housing.

Cards? Lmao

UP UP haha

[kluke84]

Originally Posted by patchgenie

UP UP haha

Communists have no response. So they deflect on poorly spoken English.

[ninjabum87]

Originally Posted by kluke84

Please define your low rate 'handcuff'. If a 30 or 15 yr fixed set at purchase, you not only locked in lower payments but also the taxes with marginal increase. Insurance another thing.

We are in a bit of stagflation. No one's buying no one is selling. 30 yr low in mortgage apps. The only handcuffs are if you are out of money or if you picked an adjustable (worse IO) ARM.

Not everyone wants to stay in their current home or area for the next 2-3 decades is my point. Families change, needs and preferences change.

[kluke84]

Originally Posted by ninjabum87

Not everyone wants to stay in their current home or area for the next 2-3 decades is my point. Families change, needs and preferences change.

Not everyone has a choice. I otherwise agree with you. The pinch will be harsh.

[Nomad]

I think card prices become sustainable when people can relax. They can enjoy their cards out on the deck, or balcony, without fearing a huge development down the road and maybe their property next. They know that Ukraine and Russia are at least in a Cold War, instead of a hot one. China still wants to trade with US. Sustainability and preventing waterworld one half the globe and ice age on the other is now at the forefront of global thinking.

Then at least I will be able to sit down with my collection and think about how to present it and potentially sell in a way that doesn't seemed forced. Through organic conversations with other collectors. That's how it happens. The hobby (and world) needs to seem cool for prices to grow.

[jcardstore]

Originally Posted by kluke84

You can 'loosen' rates to ~6.5%. Doesn't fix the ARM issue. Many reset this year or next year. Many Many are in ARMs.

Add the increase in insurance and certain areas are cooked. Best not to look at Zillow and stay in your locked in 2020-21 rates. Adjustables are still getting fried

ARMs are such a tiny percentage of the market.

If someone did that, and didn’t refinance before rates went up, that’s their own problem

[KhalDrogo]

Most recent data I see is 5.5% ARM ownership. 60% of mortgages are under 4%. 90% are under 6%. The only people moving are those who have to.

Mortgages are not cards, but you can see how great an influence rates have over spending. If the ZIRP faucet was turned on tomorrow, could you imagine the inflationary pressure that would create? I’m very interested to see what our terminal rate ends up being this cycle.

[ninjabum87]

Shoot I'm still waiting for the day the auto industry gets backhanded. I know banks have been diffusing their prices with ever longer loan terms but surely using a basic ass F150 as collateral on a 10+ year loan will eventually become unpalatable. I went from cycling through one or two cars a year for a decade to this same vehicle since 2020 because that's the last time we were able to get really low rates on a vehicle I really wanted, meanwhile they just kept ratcheting prices up even after supply shortages ended.

[Nomad]

which is a good thing believe it or not. a car should get 5-6 years run life. it's kind of like pick any "developing" country and ask yourself if perpetual gridlock would make life better. Yeah, sharing a van with 12 people can suck to get somewhere.... if you had a proper AI enabled carshare economy...

problem right now is that a lot of AI is being deployed toward unsustainable sh- . With 80 percent of trading algorithmic ask yourself, "Investors now have a factor to consider beyond the pace of inflation: Could the next sign of too-slow economic growth send stocks into a tailspin?"

[yiguiri2002]

Originally Posted by KhalDrogo

Most recent data I see is 5.5% ARM ownership. 60% of mortgages are under 4%. 90% are under 6%. The only people moving are those who have to.

Mortgages are not cards, but you can see how great an influence rates have over spending. If the ZIRP faucet was turned on tomorrow, could you imagine the inflationary pressure that would create? I’m very interested to see what our terminal rate ends up being this cycle.

I think mortgages and car payments can affect card spending. I'll be curious to know how many people in the forum has spent less in cards after getting one of those or if they plan to do it if they get one in the future.

I plan to cut my spending once I have a mortgage, although I bet there are plenty of places in the country where the difference between renting and buying is not as big as it is here.