I just bought a house and sold some coins to ease the pain.
trueblood
Posts: 609 ✭✭✭✭
Now that is having fun with one's coins for real. Name another hobby that can make that happen other than going to the casinos.
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Congratulations!! I wish I could sell off some of my coins but just too hard to part with them!
Congrats on buying a house! What did you sell Trueblood?
I once dropped a wife and had to sell some coins. Your experience seems more constructive. Congrats!
Latin American Collection
Congratulations on the house. However, I believe you will be able to buy houses cheaper in the coming years.
Nice!
Wasn’t yours?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Oh yes... Those life altering experiences... been through a few of those. Always managed to keep my coins though... Oh well.... life goes on.... Houses, careers, wives, coins.....
Cheers, RickO
How come? Interested in knowing and understanding your thoughts, especially now LOL.
And now, every time you see that denom. & year of that coin you would never sell. Your reminded of just how good a sell it was.
Just an opinion. I think we will see many foreclosures over the coming years. Time will tell.
Why, because interest rates will be > @MrEureka said:
I definitely appreciated the upgrading that ensued on both fronts. I only miss the few hundred thousand I had to pay to initiate the process.
Edited to add: "This post is worthless without pictures" would be a wholly uncouth response
Latin American Collection
I agree, but I think most of the foreclosure action will be in big cities as people permanently leave for safer places.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I’ve done similar at times. I sold off most of my collection 15 years ago to pay off my car and buy a digital camera. I sold off most of what was left 7 years later to pay off my car and help with my cash balance for a house.
For the most part I don’t miss any of it. The only stuff I miss was the gold I bought when gold was $250-400. Hindsight... You make the best decision you can at the moment of action.
TurtleCat Gold Dollars
Congratulations!
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
Contrastingly, I am sure some of us bought coins so others could make payment just to keep the house. Yeah, that's A good part of enjoying your coins , and the hobby. Liquidity.
In 2010 I retired and in 2011 I sold my home with a $1,200 monthly payment and bought a home for cash by downsizing the home. In order to do that I sold off the bulk of my CC GSA collection and have never regretted doing so. Being debt free in retirement, for me, is the only way to go.
bob
When "normalcy" returns, yes. But until then, it's "extend and pretend". The latest is "forbearance" where the borrower can't pay yet the lenders pretend the loan is in good standing and the financial markets ignore it while interest continues to accrue. If mortgage rates get any lower and enough people can refinance, it won't be that expensive for the government to seemingly endlessly carry the cost of several trillion mortgage balances for only a few billion per month in subsidies.
This is the insanity we live in now.
I would also like know what coins you sold @trueblood ?
Congratulations on that house🍾
I sold my entire collection many years ago (since rebuilt) to pay taxes. Now that really sucked.