No Really, Best Reason I've Seen In A While For Selling (In This Case) A Comic Book ...
JackWESQ
Posts: 2,133 ✭✭✭
This is about a comic book so I apologize in advance for posting here. But here's an auction for a Hulk No. 181 CGC 9.4 w/ 1st Appearance of Wolverine currently at $2,000.00 with 1 day and 17 hours to go.
Seller states "I do not want to sell this comic but I have to in order to keep my house ... " Normally, I would laugh at this, but with the state of the economy, I must admit that I believe him.
/s/ JackWESQ
Seller states "I do not want to sell this comic but I have to in order to keep my house ... " Normally, I would laugh at this, but with the state of the economy, I must admit that I believe him.
/s/ JackWESQ
0
Comments
unsympathetic rant over
Anyway, I feel bad for the guy. I'm only replying because I could be in the same situation if I wanted. My fiance and I want to buy a house and I have tens of thousands tied up in cards, golf memorabilia, autographs and comics. I don't want to sell them - but I wouldn't sign a subprime loan to keep them - so we're still renting.
Patience is a virtue.
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Fontana, CA foreclosures:
house or comic book?
<< <i>This is about a comic book so I apologize in advance for posting here. But here's an auction for a Hulk No. 181 CGC 9.4 w/ 1st Appearance of Wolverine currently at $2,000.00 with 1 day and 17 hours to go.
Seller states "I do not want to sell this comic but I have to in order to keep my house ... " Normally, I would laugh at this, but with the state of the economy, I must admit that I believe him.
/s/ JackWESQ >>
The "story" may be true - whether or not these "ebay stories" help sellers to obtain higher sales prices - I doubt it. If I wanted to buy this comic book, wouldn't matter to me if the guy was selling his house or if it was Bill Gates - I'm gonna pay what I wanna pay.
<< <i>I don't know this guy in any way shape or form, but if he really is in a position to lose his house due to a subprime mortgage coming due, why the heck did he set himself up in a subprime situation while he had $1000's in comic books lying around? If he liquidated them BEFORE signing a terrible mortgage, he would have been able to put more down up front and get a better rate. I hope it works out for the guy. Maybe he has just had the comics since he was a kid - but those are investment grade comics that he has been selling.
unsympathetic rant over
Anyway, I feel bad for the guy. I'm only replying because I could be in the same situation if I wanted. My fiance and I want to buy a house and I have tens of thousands tied up in cards, golf memorabilia, autographs and comics. I don't want to sell them - but I wouldn't sign a subprime loan to keep them - so we're still renting.
Patience is a virtue. >>
I think that was a fair rant a couple years ago. Now I think the bigger effect is that many people are making 30% less then they were 10 years ago...and things have doubled plus in cost since Bush. Less money and higher cost is not good math.
Mark
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
They, like me probably got a lousy 3% raise, if ANY this year. Cost of gas, transportation, food et. al. has gone up well over that amount.
Working harder to make less money. Go Team!
funny seeing wolverine in the yellow & blue custom however.
looks more like a cat than superhero.
j
RIP GURU
<< <i>Nader stepped down as head of the Feds because of this coming doom >>
Ralph Nader...head of the Feds?
I feel bad for the guy and anyone who got into this mess and I wish them all the best!
These lending institutions are at fault also - pimps!
Joe
I tried for 2 years to get that comic back in 1981 when I used to collect comics.
The New X-Men were becoming the hot item, no one talked much about Wolverine's
first appearance, and it literally hit over night. Issue 181 of the Hulk was about $10
and jumped to $75 within a week. There were problems deciphering which was the
true first appearance. Many believe it was #180 of the Hulk because Wolverine appeared
in the last page which was like a brief cameo. Full story contined on #181. Basically he was
hired to go kill the Hulk. Ah memories and nostalgia.
<< <i>I believe he meant to say Alan Greenspan. Nobody coculd understand what he wasa saying when he was head of the Fed, but now that he makes money from speeches, he speaks with amazing clarity...
Joe >>
I know most of you have have seen this before, but in case anyone missed it I just have to post the greatest Greenspan quote ever: "If I seem unduly clear to you, you must have misunderstood what I said." I believe it was Greenspan who also said that ARMs should benefit homeowners when the market rate is LOW, which so far as I can tell makes no sense whatsoever.
Mike nailed it: I've made so many terrible decisions in my life that I can't, in good conscience, laugh at someone else's miscues without feeling like a total hypocrit.
It's tough to go without even 1 paycheck when you live week to week. I hope my stimulus check comes soon, or I may be applying at McDonalds or WalMart.
I loan money on stuff. My in-book is larger than it has been
since 1979. My redemptions are at an ALL TIME low. My
conversions to inventory from pledge are off the charts;
looks like 1977, or worse.
The REO-books at CFC and WAMU are exciting. 20-cents+/-
on the 2004/05 mtg-appraisals. Even TMA has a growing REO-book.
This is NOT a subprime problem. It is something different than
I have ever seen.
CASH is about to be an exceptionally nice thing to own.
A comic collector had purchased a new house & hadn't sold the old one
since he collected golden age comics he advertised to trade his house for comic books never figuring he would get any interest
Well He found a collector looking for a House & did a comic book collection for A house trade, NO cash involved
I recall the home valued at $50K at the time
At the time the was a unheard type of transaction, the local newspapers loved the story
I love horse trading stories like this
RIP GURU
We'll build more casinos which produce wonderful "manufacturing" jobs such as blackjack dealers and pit bosses - skilled labor that will make America great again.
And if that isn't enough good stuff, we'll display lottery advertisements seemingly nonstop on TV to give hope to all, that to gamble just a little dollar, with some good luck today, we can become millionaires in tonight's lottery drawing. Why study hard or work hard, when that lottery jackpot dream can come true and we'll live happily ever after.
Gambling has become the opium of the American people.
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