We are only at the beginning of this market boom....

[PDCCollectibles]

Originally Posted by KhalDrogo

Great time to have been in the hobby.

Fantastic!

[thenightman]

Originally Posted by kabrune2

And if Biden cancels $10k-$50k in student loans, it’ll only keep bringing disposable money of millennials in (having student loans paused with no interest started it... cancelling debt will make sure it stays)

You know that cancelling student loan debt doesnt make it just disappear, right?

[LCM1223]

Originally Posted by thenightman

You know that cancelling student loan debt doesnt make it just disappear, right?

Try telling that to 50% of the country

[Boredlawyer]

Lack of viable alternatives

Huge amount of buyers on presumed credit

People flipping to pay off past flips

People with no prior interesting joining hobby STRICTLY DUE TO FINANCIAL UPSIDE

Irrational exuberance causing no name prospect PSA 10S to cost $100

Unregulated market where buyer can return cards on Ebay for any reason (sorry Project 2020 flippers)

[LCM1223]

Just don’t get stuck holding the bag

[JoeAdam]

Biden is also proposing $3,000 per kid over 6 and $3,600 for kids under 6 years old. So that's free card money.

[thenightman]

Originally Posted by LCM1223

Try telling that to 50% of the country

Well, I’m telling it to one, let’s see how it goes.

[KhalDrogo]

Originally Posted by thenightman

You know that cancelling student loan debt doesnt make it just disappear, right?

It does for me! They’ve already wiped out over $20k that I’ll pay on the lifetime of my loan. Another $10k will be fantastic.

[thenightman]

Originally Posted by KhalDrogo

It does for me! They’ve already wiped out over $20k that I’ll pay on the lifetime of my loan. Another $10k will be fantastic.

You’re still paying it, just in taxes. It doesn’t disappear, but I suspect you already know that.

I on the other hand am not so lucky. I paid off all $35k of my loans. I’m sure I’ll be helping to pay off everyone else’s too. Less card money for me.

[SupermanBrandon]

The baseball forum needs baseball back ASAP.

[kyle1707]

INVE$$$T

[KhalDrogo]

Originally Posted by thenightman

You’re still paying it, just in taxes. It doesn’t disappear, but I suspect you already know that.

I on the other hand am not so lucky. I paid off all $35k of my loans. I’m sure I’ll be helping to pay off everyone else’s too. Less card money for me.

The way the talk has been is that they would introduce a work around to the rules to truly forgive the debt.

Also, yes, all fifteen months that I won’t have to make a payment yet still get PSLF credit absolutely is free money. PSLF is not taxable.

[pewe]

Originally Posted by KhalDrogo

The way the talk has been is that they would introduce a work around to the rules to truly forgive the debt.

Also, yes, all fifteen months that I won’t have to make a payment yet still get PSLF credit absolutely is free money. PSLF is not taxable.

Sure... the government could just print money to cover the debt... but the effect is devaluing the dollar by that amount

Nothing is for free


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[brothertona]

Interest rates are 0, there is no better time to infuse more money into the economy.

[warrenwolk]

Originally Posted by hermanotarjeta

.............says those who are currently buying at all time high prices..........

I think that remains to be seen.

[TMQ]

Originally Posted by thenightman

You’re still paying it, just in taxes. It doesn’t disappear, but I suspect you already know that.

I on the other hand am not so lucky. I paid off all $35k of my loans. I’m sure I’ll be helping to pay off everyone else’s too. Less card money for me.

We aren't paying for it with taxes. Nice try though........

[pewe]

Originally Posted by TMQ

We aren't paying for it with taxes. Nice try though........

How do you anticipate the government will balance the ledger?


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[KhalDrogo]

Originally Posted by pewe

Sure... the government could just print money to cover the debt... but the effect is devaluing the dollar by that amount

Nothing is for free


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Yes. But it’s a huge net win for me. No reason why medical school should have cost me over $150k. This is the universe giving back.

[MiamiMarlinsFan]

Originally Posted by SupermanBrandon

The baseball forum needs baseball back ASAP.

Seriously. Didn’t we just do this for 30+ pages in the Vegas Dave thread?

[MoreToppsPlease]

Originally Posted by Boredlawyer

Lack of viable alternatives

Huge amount of buyers on presumed credit

People flipping to pay off past flips

People with no prior interesting joining hobby STRICTLY DUE TO FINANCIAL UPSIDE

Irrational exuberance causing no name prospect PSA 10S to cost $100

Unregulated market where buyer can return cards on Ebay for any reason (sorry Project 2020 flippers)

People pumping the market because they want to live off of it...for as long as they can.

These pumpers here have a job: make cards more expensive. It’s PWCC, PSA and everything that goes with them, and cards aren’t what’s important.

[MoreToppsPlease]

Originally Posted by KhalDrogo

Yes. But it’s a huge net win for me. No reason why medical school should have cost me over $150k. This is the universe giving back.

Didn’t know the cost going in?

[80pc]

Originally Posted by KhalDrogo

Yes. But it’s a huge net win for me. No reason why medical school should have cost me over $150k. This is the universe giving back.

The universe? I think it's a little more local than that. This is government taking from citizens that had nothing to do with your decision to take on 150K worth of debt. I'm happy it would work out for you, but it has to be picked up by someone else for that to be the case.

Also, why should medical school not cost that much? You seem to be free market when it comes to cards so just curious what the reason for that is?

[ThoseBackPages]

Originally Posted by MoreToppsPlease

People pumping the market because they want to live off of it...for as long as they can.

These pumpers here have a job: make cards more expensive. It’s PWCC, PSA and everything that goes with them, and cards aren’t what’s important.

has worked well for you, right?

[Biohazarddfl]

Originally Posted by Gradek

Were you alive for the late 90s tech bubble?

I sure was. I've studied it at length. My question remains.. what event or economic indicators are you using to point to a crash? If you don't understand the difference between an inefficient stock market bubbling up stocks with no horrible balance sheets vs. probably the most efficient market in the history of markets selling individual assets that are being uniquely valued by each buyer. Are people going to wake up tomorrow to find out that Juan Soto has really been batting .220 all along? Please tell me what you can use to point to a crash or even a bubble?

[Biohazarddfl]

Originally Posted by pewe

I’m not sure I have a point... I’m just trying to provide tools to enable others to better articulate their own, and reflect on what they believe

I’m just fascinated to learn the market sentiment and risk expectations.

Now if you really twist my arm... I’d say as long as the buyers / flippers / collectors are using disposable income then chances of much more than the market going sideways / gentle decline is pretty low.

The blinking red warning sign I’d look for commonly is the use of leverage (ie credit / debt) to fund purchases. Especially if that was being done by individuals and small/mid sized businesses as opposed to sophisticated investment funds. But even sophisticated funds can create the issue.


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Fantastic point and one that almost no one has made yet. This indeed would point to a crash or a bubble. Hard to know if its happening, but this would be an important data point.