Valuation

[pokerplyr80]

Originally Posted by mechanicalman

As a VCP record-holder myself on a couple cards, I agree with the sentiment here. One of my hobby mentors once told me that you can't "overpay" for quality cards; you can just pay its future price early.

Of course, I don't believe that applies to all cards, or perhaps even most, but I firmly believe centered HoFers from the most collected pre-war sets should do well. And if they don't, I don't care - they deliver a ton of intrinsic value for me. My retirement is not dependent on my collection.

Edited to add: Steve, your neighbor sounds like a dick. Who wouldn't want someone to pay high in their own neighborhood?

I agree on both points. Many cards are very tough to find with excellent eye appeal for the grade. When one is available it's often worth it to break a record. Any time I've done this I haven't had a problem getting out of the card later.

And I would welcome any neighbor who overpays for a house in my neighborhood. I'm not in real estate, but I'm pretty sure prices are usually based on what comparable homes have sold for. Maybe the guy didn't want his property taxes going up.

[itslarry]

Originally Posted by pokerplyr80

I agree on both points. Many cards are very tough to find with excellent eye appeal for the grade. When one is available it's often worth it to break a record. Any time I've done this I haven't had a problem getting out of the card later.

And I would welcome any neighbor who overpays for a house in my neighborhood. I'm not in real estate, but I'm pretty sure prices are usually based on what comparable homes have sold for. Maybe the guy didn't want his property taxes going up.

Bingo on the house. If you aren't going to sell, why in the world would you want higher taxes.
My parents pay more in taxes the the house cost 35yrs ago. Sure uses to make him cranky tax time.

[Leon]

Originally Posted by itslarry

Bingo on the house. If you aren't going to sell, why in the world would you want higher taxes.
My parents pay more in taxes the the house cost 35yrs ago. Sure uses to make him cranky tax time.

As for taxes, Ag exemption is the way to go ....Ya' just have to fit the mold. At a house we own, nearby, we lease 3 acres to someone raising sheep so those 3 acres are ag exempt for tax purposes. And for where we live, in Texas it's 6 acres and 6 beehives to be an apiary. Love helping nature and me at the same time. (see Texas guidelines for an agricultural exemption). Oh, what were we talking, value? I say, diversify and buy wisely. And Cards CAN be an investment but it's risky too.
Every thread needs eye candy. Happy Collecting....



.

[Snapolit1]

I would happily put a few alpacas in my backyard if I could swing a tax deduction. But I've heard they are nasty and not much fun.