52 Mantle's. Will they sell for asking?

[1952boyntoncollector]

Originally Posted by irv

Comparing house to cards is not comparing apples to apples. It is very rare we hear of a house being sold only to find out people did not or will not pay for it.

Real estate has signatures, meeting people/agents face to face, home inspections, the list goes on and on. Cards, on the other hand, especially those being sold through auctions like E-Bay or actual A/H's, don't have that luxury. Most in the card biz know that shilling and bid retractions, to name a couple, exist all the time and if either one says they're surprised, they are also lying.

Again, listing a card as being sold for $80,000 when no money exchanged hands, and the fact they probably knew by then the bid was retracted, or whatever the case is, like I said, is outright deceptive and nothing but a lie.

Actually there was a huge housing market crash for 3 or so years and tens of thousands of people bought houses that could not afford it. People with no income were getting $250,000 loans with no money down. There was also robo signatures and no real check on someone's ability to pay. Those 'sold' prices absolutely impacted the market price for legitimate buyers in the housing market.

For all we know someone could of borrowed from their credit card $50000 and bought a card then never paid the credit card. Borrowing money you cant afford and paying for an item would mean that item 'sold' but its not a true sale if the buyer couldnt afford the item. People were flipping cards and people were flipping houses as well. Credit finally ran out in the housing market and perhaps in the card market if the buyer was unable to flip an earlier card they now couldnt afford the pricey auction item they initially intended to pay.

Adding facts about 'they probably knew by then the bid was retracted' is an added premise. We have no idea of that. The example of someone bidding for the card and having a legal obligation to pay for it but not having the funds to pay for is equally as possible.

[irv]

Originally Posted by 1952boyntoncollector

Actually there was a huge housing market crash for 3 or so years and tens of thousands of people bought houses that could not afford it. People with no income were getting $250,000 loans with no money down. There was also robo signatures and no real check on someone's ability to pay. Those 'sold' prices absolutely impacted the market price for legitimate buyers in the housing market.

For all we know someone could of borrowed from their credit card $50000 and bought a card then never paid the credit card. Borrowing money you cant afford and paying for an item would mean that item 'sold' but its not a true sale if the buyer couldnt afford the item. People were flipping cards and people were flipping houses as well. Credit finally ran out in the housing market and perhaps in the card market if the buyer was unable to flip an earlier card they now couldnt afford the pricey auction item they initially intended to pay.

Adding facts about 'they probably knew by then the bid was retracted' is an added premise. We have no idea of that. The example of someone bidding for the card and having a legal obligation to pay for it but not having the funds to pay for is equally as possible.

The A/H, to this day, has not corrected the original sold price.
I know very little about the big house crash in the U.S., other than to say I heard about it, but did houses not sell, money exchanged hands, and did the people/new owners not move in before it crashed?

[Republicaninmass]

Don't forget if they did pay for the card, but then filed bankruptcy

[1952boyntoncollector]

Originally Posted by irv

The A/H, to this day, has not corrected the original sold price.
I know very little about the big house crash in the U.S., other than to say I heard about it, but did houses not sell, money exchanged hands, and did the people/new owners not move in before it crashed?

Well, lets remember when you a buy a house without your funds and use a mortgage you really didnt use your money, plus you never really 'owned' the house, the bank did. Banks had no reason to lend 250k to people with no income but they did anyway and the people with no income had no ability to afford the loan unless they flipped the house or they got a second and third mortgage to pay off the first mortgage which they were able to get from a rising housing market (due to other banks giving money to other new homeowner buyers with no ability to pay) Thus money did exchange hands, but not the homeowners money but a banks money which ultimately led to many banks going out of business.

Thus moving in doesnt mean anything as they didnt own the house but again the sale price was registered in the market. On ebay past sales are shown all the time even when payment is not received.

Saying an item is 'sold' doesnt mean money exchanged hands, it means a legal obligation was there to pay for it.

[Republicaninmass]

The single worst, and possibly most inaccurate, description of the housing crash i have ever laid eyes on

[irv]

Originally Posted by Republicaninmass

The single worst, and possibly most inaccurate, description of the housing crash i have ever laid eyes on

Like I mentioned, I only heard of it so I have no idea if, Jake's story is fact or fiction, but I do know, like I mentioned before, I am not sure how this whole housing collapse thing can be used as an comparison to whether a card was paid for or not?

I think I am wise just to let my questions about this $80,000 dollar Koufax die.

[1952boyntoncollector]

Originally Posted by Republicaninmass

The single worst, and possibly most inaccurate, description of the housing crash i have ever laid eyes on

Ok let me know if its inaccurate that people were getting credit to houses they couldnt afford as at least one aspect of the housing market crash. I guess everyone could afford all those houses even though there were thousands of foreclosures within a year or 2 of time. I have been involved in many mortgage modifications and the things you learn there are amazing.

but again, my argument is that you can easily 'sell' something as an auction house and it not be an outright lie if money doesnt change hands.

[Republicaninmass]

Jake, there is so much wrong with your description of the housing market crash, I don't know where to start a critique, however correct your analogy might be, which is getting increasingly more difficult to decipher.

Are you saying "a bubble is a bubble and can burst when we don't know what's actually inflating it"? That I can agree with

[1952boyntoncollector]

Originally Posted by Republicaninmass

Jake, there is so much wrong with your description of the housing market crash, I don't know where to start a critique, however correct your analogy might be, which is getting increasingly more difficult to decipher.

Are you saying "a bubble is a bubble and can burst when we don't know what's actually inflating it"? That I can agree with

I think its gone a bit too much off topic and as you stated you didnt want to be political (your name does start with Republican)

The point was that I dont agree its an outright lie if an auction house says they 'sold' a card on their website when looking at past listings if money didnt change hands. I used the analogy of the housing market. That is all. Thanks