PWCC expands its lending activities - Net54baseball.com Forums

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09-09-2022, 07:34 AM

Republicaninmass Republicaninmass is offline

T3d $h3rm@n

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Join Date: May 2009

Posts: 8,642

Quote:

Originally Posted by Peter_Spaeth

It won't happen unless someone makes it happen. Who is that someone?

Quote:

Originally Posted by Schlesinj

I know the Alt platform announced they would be offering a similar program several months ago. If I remember correctly the rate was nearly 10% and the loan to value was something like 60% of perceived value.

So now people can leverage off their house value or stock portfolio or sports collectibles or some type of unsecured loan. You can buy a fraction of a stock, baseball card or a house too. Very interesting times we live in.

This will have the same effect as "negative AM" loans and 100% financing did on the housing market, which led to great financial crisis. I just don't think it will wreak havoc any further than the hobby itself. Although a little different to the hype when I was collecting in the 80s, it certainly does rhyme.

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