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

[SoccerRCs]

Originally Posted by Gem10collection

Rare 90's prices taking a new leg down the last few weeks.

Not crashing by any means but it seems like every new sale regardless of set or player is setting a lower comp than the previous sale. Multiple examples across multiple platforms just do your own research to see what I mean.

Prices were going up for baseball and football consistently the last year plus but now the trend has noticeably reveressed. Wouldn't be surprised if more supply hits the market as more folks spot the trend and try to get out. The one bright spot I have seen is Kobe who got crushed post boom and now is starting to recover from the lows set back in q4 2022.

Do you see this in peripheral players or all players? I only really follow basketball and baseball so don't know on football but curious your thoughts. The sales I have seen for the best cards of the best players still look strong to me. But like in baseball I looked at the Griffey purple crusade and it is off a good amount but the red crusade seems fine. This just comes back to, in my mind, there really just isn't that much good stuff out there. That said, I've been waiting for a pull back to buy more in this arena but only the best stuff. The problem is the best stuff rarely sells. Last sale of a Jeter red for example was over two years ago.

[Gem10collection]

Originally Posted by SoccerRCs

Do you see this in peripheral players or all players? I only really follow basketball and baseball so don't know on football but curious your thoughts. The sales I have seen for the best cards of the best players still look strong to me. But like in baseball I looked at the Griffey purple crusade and it is off a good amount but the red crusade seems fine. This just comes back to, in my mind, there really just isn't that much good stuff out there. That said, I've been waiting for a pull back to buy more in this arena but only the best stuff. The problem is the best stuff rarely sells. Last sale of a Jeter red for example was over two years ago.

The 1999 rubies including the griffey are selling for soft numbers (one listed on ebay for a very fair price now). The ultra stars gold MJ that just sold in auction went for a bit less. Lots more examples but nothing crazy just yet. I did pick up a best 1999 atomic griffey in psa 10 for almost half what a previous example had sold for just months earlier but that is an outlier.

[letsgocapitals]

Originally Posted by tjforce

But that's not something that costs everyone.

Heck, my home is 25% less expensive per month then it was at the start of the pandemic, and has risen in value a considerable amount.

Your experience > Redfin metadata

Okeedoke


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[letsgocapitals]

Why aren’t people spending money on cards?

Credit card losses are rising at the fastest pace since the Great Financial Crisis, per CNBC.


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[jcardstore]

Originally Posted by letsgocapitals

Your experience > Redfin metadata

Okeedoke


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you're talking about different things.

The price increases only affect new home buyers. People who refi'd into historic low rates and have seen their equity double in the last year don't care about home price increases, if anything they have more money to spend now

[Kobefan]

Originally Posted by Gem10collection

Rare 90's prices taking a new leg down the last few weeks.

Not crashing by any means but it seems like every new sale regardless of set or player is setting a lower comp than the previous sale. Multiple examples across multiple platforms just do your own research to see what I mean.

Prices were going up for baseball and football consistently the last year plus but now the trend has noticeably reveressed. Wouldn't be surprised if more supply hits the market as more folks spot the trend and try to get out. The one bright spot I have seen is Kobe who got crushed post boom and now is starting to recover from the lows set back in q4 2022.

I don't see it. For example, I purchased a 96 rodman legacy for $348.40 on 5/15/22, and the last one sold on ebay was on 10/2/23 for $601.

[tjforce]

Originally Posted by jcardstore

you're talking about different things.

The price increases only affect new home buyers. People who refi'd into historic low rates and have seen their equity double in the last year don't care about home price increases, if anything they have more money to spend now

Thank you for recognizing what I was referring to.

I didn't think it was that hard.

Yes, if you are a first time homebuyer and you've gotten in during the past year, you probably have less money to spend.

If you've owned for 2 years or longer you are probably in a historically great spot.

[jcardstore]

Originally Posted by tjforce

Thank you for recognizing what I was referring to.

I didn't think it was that hard.

Yes, if you are a first time homebuyer and you've gotten in during the past year, you probably have less money to spend.

If you've owned for 2 years or longer you are probably in a historically great spot.

I don't think he was trying to understand, just wanting to shout doom and gloom at someone

[hermanotarjeta]

Card movement in other sports is a harbinger of things to come in the basketball season.

Acuna had a historic season and his cards went nowhere.

Ohtani had a historic season, rose appropriately, then tanked 70% after injury.

Wemby will be stealing a lot of the bk card money this season.

Sell during the spikes should be your game plan.

Cards are going nowhere.

[GOATcards]

blowout trolls, beginning theme song to Olivia Newton John's 'Physical' except they sing they want to get Political

[hermanotarjeta]

For many hobbyists today, if you aren’t making money, the hobby isn’t so fun.

[rifleman69]

Originally Posted by jcardstore

you're talking about different things.

The price increases only affect new home buyers. People who refi'd into historic low rates and have seen their equity double in the last year don't care about home price increases, if anything they have more money to spend now

This is true. So many people aren't moving for another 10-12 years if they don't have to.

[jcardstore]

Originally Posted by rifleman69

This is true. So many people aren't moving for another 10-12 years if they don't have to.

If you're locked in sub 3% on a 30yr. Gonna have to have a really good reason to sell that cause it's probably never going back.

That's one of the reasons the housing market is going to stay high. There's going to be virtually no supply.

[SoccerRCs]

Originally Posted by jcardstore

If you're locked in sub 3% on a 30yr. Gonna have to have a really good reason to sell that cause it's probably never going back.

That's one of the reasons the housing market is going to stay high. There's going to be virtually no supply.

Nah it won't stay high. What will happen is homebuilders will keep building and adding supply to the market. This is being reflected now in home builders share prices. It's why they aren't sinking. Even if it takes time, they keep adding and adding and adding while doing rate buy downs to incentivize purchases. And that is without us discussing the the employment picture not degrading. People start losing jobs, then the overleveraged owners will be forced to sell. Right now, everyone sitting in a job and holding cash hoping to get through this with all their pandemic equity. If we start getting heavy job losses that will change.

[cms11]

Originally Posted by SoccerRCs

Nah it won't stay high. What will happen is homebuilders will keep building and adding supply to the market. This is being reflected now in home builders share prices. It's why they aren't sinking. Even if it takes time, they keep adding and adding and adding while doing rate buy downs to incentivize purchases. And that is without us discussing the the employment picture not degrading. People start losing jobs, then the overleveraged owners will be forced to sell. Right now, everyone sitting in a job and holding cash hoping to get through this with all their pandemic equity. If we start getting heavy job losses that will change.

Agree. Besides fighting inflation, the Fed wants higher rates so they can stimulate the economy when a downturn happens. Sub-3% likely won't happen unless things get terrible, but sub-4% is real possibility.

[jcardstore]

Originally Posted by SoccerRCs

Nah it won't stay high. What will happen is homebuilders will keep building and adding supply to the market. This is being reflected now in home builders share prices. It's why they aren't sinking. Even if it takes time, they keep adding and adding and adding while doing rate buy downs to incentivize purchases. And that is without us discussing the the employment picture not degrading. People start losing jobs, then the overleveraged owners will be forced to sell. Right now, everyone sitting in a job and holding cash hoping to get through this with all their pandemic equity. If we start getting heavy job losses that will change.

In terms of new build supply it really just depends on the area. Real Estate is regional and I don't think there's going to be anything close to a wholesale "crash".

[duron]

Originally Posted by hermanotarjeta

For many hobbyists today, if you aren’t making money, the hobby isn’t so fun.

The definition of that word has been demolished.

Thanks covid.

[pcptrade]

Are the forced liquidations at AH like PWCC and Goldin almost over? That will also determine how long the correction will last in the absence of new pool of buyers/investors (new capital inflow).

[GOATMJ]

Originally Posted by pcptrade

Are the forced liquidations at AH like PWCC and Goldin almost over? That will also determine how long the correction will last in the absence of new pool of buyers/investors (new capital inflow).

I don't think it is. Not even close.

[hermanotarjeta]

The correction isn’t over until Powell tells you the correction is over.

[elontusk1119]

Originally Posted by hermanotarjeta

The correction isn’t over until Powell tells you the correction is over.

right now time today from daddy Powell

[Brazenways]

Business conditions at architecture firms deteriorated in September. The AIA/Deltek Architecture Billings Index (ABI) score of 44.8 for the month is the lowest score reported since December 2020 during the height of the pandemic and indicates that the share of firms reporting declining billings has significantly increased.

https://www.aia.org/pages/6680261-ab...ure-firm-billi

And my second favourite leading indicator starting to cliff: Motor Vehicle Retail Sales: Heavy Weight Trucks

Can’t wait till those 24-q1 auctions.

[pcptrade]

Meanwhile, folks have no problem spending five figures on Hasbulla cards -

https://goldin.co/item/2023-panini-p...la-magomen1zgl

https://goldin.co/item/2023-panini-p...-card-1-10s7jb

https://twitter.com/HasbullaHive

[rifleman69]

Originally Posted by jcardstore

If you're locked in sub 3% on a 30yr. Gonna have to have a really good reason to sell that cause it's probably never going back.

That's one of the reasons the housing market is going to stay high. There's going to be virtually no supply.

Only for another 12ish years....then the shackles come off.

[rifleman69]

Originally Posted by SoccerRCs

Nah it won't stay high. What will happen is homebuilders will keep building and adding supply to the market. This is being reflected now in home builders share prices. It's why they aren't sinking. Even if it takes time, they keep adding and adding and adding while doing rate buy downs to incentivize purchases. And that is without us discussing the the employment picture not degrading. People start losing jobs, then the overleveraged owners will be forced to sell. Right now, everyone sitting in a job and holding cash hoping to get through this with all their pandemic equity. If we start getting heavy job losses that will change.

The homebuilders aren't building cheap houses...it's rare to see middle income housing going up (or the one that they're trying to put in our neighborhood comes out to 40% higher per sq ft than the million dollar house across the street).