No. I simply own pins as entertainment, not as an investment. If I ever get bored of them then I will sell them, simple as that.
No. I simply own pins as entertainment, not as an investment. If I ever get bored of them then I will sell them, simple as that.
My collection is a fraction of .0001% of my net worth and take up .2% of my primary residence's square footage. So no, I never look at them and think about their cost in terms of their entertainment.
A few have posted about 401k. Thinking you “lost” money isn’t quite accurate. You have only lost it if you have sold while the price is down. Your 401k isn’t cash. It’s an asset whose value fluctuates. That is why it’s not lost unless you sell. It’s only temporarily worth less. The market goes up and down over time, but always up in the long run. Just hang on and it will come back. If you have been invested for 10+ years look at your apy return over that time, not the past couple. It will be healthy. If your nest egg is younger then don’t fret, you will gain later. Use the present as a great buying opportunity. Buy when there’s blood in the street. Sell when things look their best. Definitely not the other way around.
But the point many have made is true, pins have done better than stocks in last couple years.
Quoted from Wiggles:If I play a pin and think "meh" or I play it for an hour or two and feel content with my time with it, but have no desire to return then it's one I'd never buy. But in short, I'd only ever buy ones that continue to bring me joy and I'd be confident would continue to do so.
If the day comes to buy a pin, keep this in mind: I used to feel this way too. But then I determined a) Some games are fun for awhile on location, but can get boring at home. Monster Bash falls into this category for me. And b) Some games are hard to "get into" on location but are great when you get them home. Wonka and Halloween fall into this category for me. The good news is, when you buy your first pin someday it won't be permanent!
Quoted from superNoid:I don't buy pins to ponder if they bring me equal monetary enjoyment. I don't buy ANYTHING with that mindset. I have a project car, hobbies, toys, photography, gaming PCs, VR and pins. Even though pins are the most expensive of all of them, i never allow my brain to try and justify the money. I buy all of these things simply because I have enough disposable income that it doesn't matter... plus I want them. I'm converting a 400sqft back room in my house to a home arcade/pinball room. So I'm working to fill it up with various games.
My goal is to have a place I can retreat to when I want, when my kids want, when my guests want and escape the gauntlet of life. $8k here and there is a drop in the bucket when I look at my life as a whole. I don't want to be 70 years old when I finally redo my kitchen, or finally buy that project car, or finally buy my first pin I've wanted for 30 years.
Buying that shit now, enjoying life but also investing and being smart on the long game. Just not making the mistake my parents generation did, which was live your entire life beneath your means all only to just retire, sit on a pile of cash, go on some cruises, finally after 30 years redo rooms in the house... all at like 70+ years old. I'm trying to live my best life now, not when I'm recovering from knee surgery.
Well said bro.
Quoted from PoMC:And you may ask yourself, "Where is that large automobile?"
And you may ask yourself, "Well, how did I get here?"
Quoted from Miranda:Talking actual prices: If I'm being honest, my brain's value of "pinball machine" is firmly in 2010 pricing and I can't escape it no matter how much my economic status changes. I know, blah blah blah supply and demand but I have a mental hurdle of like $3-$4k
I am in the same mindset.. Think I've finely found a comfortable number of pins for now.. Though it just astonishes my that I have NIB games worth 2x what I paid now..
Quoted from Aurich:Sure, I did that. I had 11 pins, now I have 3. They were all good games, and I miss some of them sometimes, but I filled the space with other things, mostly candy cabs. Do they bring me personal enjoyment the way my pins did? Not really, playing a bunch of arcade games by myself doesn't do a lot for me. Pinball is a much more satisfying solo experience.
But I host my arcade every Thursday night, been doing it weekly for the last 5 years, and my friends all come over for Street Fighter and the people are everything. Playing with good friends every week is better than any collection. They don't really care about the pins. Look at this photo, games aren't even on.
[quoted image]
If I lost interest in fighting games, or people stopped coming? I'd probably sell the cabs and do something else. Unlikely that I'd buy more pins at today's prices, who knows.
The point is you should what makes you happy. I still have friends in pinball, I still enjoy it, I'm working on new mods again, it's nice to be involved. But the cycle of buying new games stopped being interesting for me so I stopped. Do whatever works for you.
Gutter Trash Arcade?
That is awesome!
Quoted from PoMC:My collection is a fraction of .0001% of my net worth and take up .2% of my primary residence's square footage. So no, I never look at them and think about their cost in terms of their entertainment.
Seriously though, it would be cool to do a poll about % of home square footage used by pins. I visited a guy once who had 50 pins in a 2400 square foot home. They were in the kitchen, in the hallways, everywhere except in the bathroom. Sadly, he passed away.
Quoted from PoMC:My collection is a fraction of .0001% of my net worth
I remember back in the day I had my very first job and the truckstop nearby had an arcade/pins. It was nothing for me to stop there and put a fraction of 1% of my net worth in the machines.
Quoted from PoMC:My collection is a fraction of .0001% of my net worth and take up .2% of my primary residence's square footage. So no, I never look at them and think about their cost in terms of their entertainment.
dude, spare a brother in pinball a free machine?
Quoted from arcademojo:Just got my quarterly 401K statement from my work. I'm down almost 10 GRAND this quarter. In the last year and half I'm down about 24K!! I know for many people here that's nothing to lose. For me that's half a years pay. As for my pins. My collection probably gained that much in that time.
Buy as much as you can right now.
I’m down close to 60k. But it will rebound. It always does. And I’m only 44. I’m buying as many shares of the funds I’m involved with as I can right now.
Convert them to cash in $100 bills then set the money somewhere in your house where you see it every day. It won’t take long before you realize that doesn’t bring you 1,000’s of dollars of enjoyment either. If you are really done with pinball then sell your games, find another hobby where you can spend the money, or spend the money on experiences spending time and making memories with the ones you love. Just know in the end, focusing on the monetary value of something will never lead to happiness or contentment.
When you reach this tender age, and if you haven't screwed up somewhere in your life, you should be on decent money, and be earning way more than you need. We all have to spend this surplus money on something... might as well be pinball.
But certainly, no pinball game will ever give you 10 grand's worth of entertainment... that's just silly. I'd rather go to a local bar, play the game a few hundred times in a great atmosphere with friends and your beverage of choice. In the end, walking away seeing everything the game has to offer and only spending about 300 credits. What pinball games were originally designed for.
Quoted from TheLaw:I wouldn't know what else to do with my basement so screw it.
Plus it's only like 7% of my net worth.
EDIT: Whoops sorry; 70%
Percentages still confuse me.
Kind of the way I look at it. Ive seen people spend 60k or more remodeling their basements and are left with grey walls, bright white led lights, and maybe some of those corny "In This House We......" signs. I spent less than that on fun stuff I can resell if the need were to arise.
Quoted from Aurich:I host my arcade competition every Thursday night, been doing it weekly for the last 5 years, and my friends all come over.
Looking at the photo you posted . . . are all your friends in witness protection?
Quoted from littlecammi:Looking at the photo you posted . . . are all your friends in witness protection?
I don't put the faces of my friends on the internet without their permission, a courtesy I wish more had in this over-share social media era.
Pinball is a cheap hobby compared to some.. I have spent more on my saratoga including avionics and maintenance then all my machines combined (I own the same aircraft that JFK Jr crashed at Martha's Vineyard). I dont even want to add up what my training costed (private. Instrument, then commercial). Nothing compares to flying at 8,000 feet though and looking out over the landscape. Id sell my machines before my plane.
Regardless, we are fortunate to be able to even own these machines for sure, they certainly are a luxury and anyone who even owns one should be thankful (I know I am)
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Similar to what Mr. Dayhuff mentioned, there are all kinds of people in pinball. Some people only play, some only restore, some only collect and don't even care if anyone ever plays the games they own. Some people only flip NIB games... it takes all kinds really. So, your question does not have a clear cut answer for everyone.
I don't keep games I don't really like. I also don't keep games I don't ever have the desire to play. I sold all of those long ago. I don't buy games I can play any and everywhere (those are usually newer). I agree with a few others that mentioned they get absolutely no more joy or satisfaction when playing an EM game from 1972 or 1975/1981/1982 over playing a modern Stern or JJ machine.
For me, if it comes down to what to "have" and the "space involved". I have as many machines as I am comfortable maintaining, still making sure they all play great. But, I try to keep different era's value, playability, manufacturer's eras and variety of companies all in mind as well. It does not make sense for me to ONLY have 5-10 modern $10K machines because when the sun sets every day they would give me absolutely no more or less joy playing them over what I currently own and play daily. I am really a competitive player at heart and I do care how long a game plays... but I want it to play shorter than most of the modern deep games. So, when considering what a new expensive game costs and that they seem to play FOREVER, and I can play them in just about every city I am ever located, why WOULD I buy them? I would not play those machines any more than I play Alien Star or Little Joe. I do have around 6 machines that work perfectly that are folded up and also a couple play fields that are swapable where I only need one cabinet. I swap them around every 4-6 months. It helps to further keep the space that I need at a minimum and the maintenance easier.
I don't feel the need to own newer titles because I can play them any day of the week at one of multiple locations in my town or the next town over. There is no such thing as a dream theme for me. Probably because I am mostly numb and dead to the very concept of a "theme" in pinball. It's like a flavor of the week and keeping up with the Jones's. It really is very silly. The things I have bring the enjoyment and they get the play. More so in winter months. If they do not get played, out the door they go. They take up a lot of space and they are heavy.
Sure, I ask this question about lots of stuff in my life, hobby or otherwise. Sometimes it's about money and sometimes it's about clutter or space depending on the object. Whether you consciously asked yourself the question or not, everyone who buys a pinball machine has answered that question that yes it will bring them $X of enjoyment, because otherwise they wouldn't have made the purchase. It's a perfectly normal thing to continue asking yourself that question because maybe later the answer is no, so you sell it.
I don't understand the answers that asking yourself this about pinball is somehow ruining the hobby. If that's the case I can't imagine your angst when spring cleaning time comes around and millions of people are asking this question about millions of different things. Oh the horrors of healthy self reflection.
I've been thinking about this a LOT lately as friends my age (now 58) have begun retiring. Also going through a divorce, so a lot of introspection going on for me. I took a 2nd mortgage on the house to buy my ex out.
I could sell half a dozen games or so and pay off my rental house.
Or sell 10 or 12 and pay off the 2nd mortgage.
Or sell them all and just about pay off the rental AND the 2nd mortgage, but then what do I need this house for? One of the biggest reasons we bought this ranch was to build a killer game room.
I hardly play the games any more, the last couple years I have to force myself to start at one end and play a couple games on each machine just to keep them loose. I want to whittle it down to 10 or 12 machines soon, but not til I have a couple good parties so the people that have never been to my house can get to play all of them before they're gone. Sure, I think they're cool and like looking at them all lit up, but I dont really need 2 dozen of them.
Quoted from MaxIsDead:My collection is a fraction of 1% of my net worth, so no I never look at them and think about their cost in terms of their entertainment.
With 16 games at $10k each for a quick round number equaling $160k even at a full 1% that would mean a net worth of at least $16 million, can I interest you in a few more games?
Or our entire business?
Even if I don't play my vids/pins all the time I still enjoy looking at them. The road trips are just as exciting sometimes. 20 hour road trip to pick up a BBBr.
What I've done to them if they needed something - shopping them out if needed how far have I made it through the game etc. Each one has a story on how they came into the collection.
"But now I know why I have always lost pins to guys like you. I mean, it's not just the uniform. It's the stories that you tell. So much fun and the imagination. Lee Harvey, you are a madman. When you stole that cow, and your friend tried to make it with the cow. I want to party with you, cowboy. If the two of us together, forget it."
Quoted from hAbO:"But now I know why I have always lost pins to guys like you. I mean, it's not just the uniform. It's the stories that you tell. So much fun and the imagination. Lee Harvey, you are a madman. When you stole that cow, and your friend tried to make it with the cow. I want to party with you, cowboy. If the two of us together, forget it."
Bonus points for all the old timers that know where that's from!
Quoted from pinzrfun:Bonus points for all the old timers that know where that's from!
I love that movie - Thanks! And I didn't even have to mention my net worth !
Quoted from hAbO:Even if I don't play my vids/pins all the time I still enjoy looking at them. The road trips are just as exciting sometimes. 20 hour road trip to pick up a BBBr.
What I've done to them if they needed something - shopping them out if needed how far have I made it through the game etc. Each one has a story on how they came into the collection.
"But now I know why I have always lost pins to guys like you. I mean, it's not just the uniform. It's the stories that you tell. So much fun and the imagination. Lee Harvey, you are a madman. When you stole that cow, and your friend tried to make it with the cow. I want to party with you, cowboy. If the two of us together, forget it."
Quoted from pinzrfun:Bonus points for all the old timers that know where that's from!
Okay Mr. Push-ups, what's your story?
Not an old timer, just steeped in good culture.
Quoted from Mr_Tantrum:Convert them to cash in $100 bills then set the money somewhere in your house where you see it every day. It won’t take long before you realize that doesn’t bring you 1,000’s of dollars of enjoyment either.
This is a funny way to look at the question, but makes perfect sense.
Quoted from jake35:(I own the same aircraft that JFK Jr crashed at Martha's Vineyard). ]
Same, same or same make and model?
Quoted from RyanStl:Same, same or same make and model?
Same make and model. Mine is a fixed gear vs the retract that he flew but identical otherwise. My wife hates it when I tell people the connection, but most people have never heard of a Saratoga but they all knew jfk Jr's incident. The plane is actually quite safe and a great machine. How he was signed off by his instructor to be qualified to fly it solo and not know how to operate the autopilot is crazy to me. That coupled with instrument conditions (without instrument rating) would be a recipe for disaster for anyone. I won't enter clouds or poor visibility without activating the autopilot first to avoid disorientation.
Quoted from jorant:"... is this really bringing me x thousands of dollars of enjoyment?"
I have a few games im debating selling simply because the amount they cost doesn't, for me, equal the amount of fun I have with them.
Take my PC: that thing probably cost me 4k to build (I'm a lucky one that snagged the 4090 card recently). It is half the price of my AIQ premium, but I play it probably 20 to 30 times more.
Does this question pop into anyone's mind? I keep coming back to this theme once in a while. Like... am i really needing to be collecting these things when they get almost no play at all?
I try to think of them as cool looking furnitire, but cool looking only to me. And not 50 thousand dollars cool. I dunno, not sure what to do soemtimes.
All the time actually. I left pinball once because of this same feeling. I still think about it often. I wish I had time to play them more than I do.
Quoted from coasterguy:I wish I had time to play them more than I do.
This is what has happened to me over the last couple of years. Desire to go fishing more, travel and get out of the house.
Though once I start working on my Winter project game. Perhaps I'll find a bit more time. Still think I gotta get to six games somehow.
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