(Topic ID: 263923)

Is The Stock Market Crash Having An Affect On Your New Game Purchases?


By o-din

4 months ago



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  • 30 posts
  • 23 Pinsiders participating
  • Latest reply 3 months ago by Agent_Hero
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    #1 4 months ago

    Never in my life have I seen such uncertain times as I am today. Coronavirus fears shutting the world down, and the economy taking a dive at the same time. In a few months after the virus has run it's course, if it does, things may never be the same, at least for some time.

    I don't live and die by the stock market, but I know there are many that do. I put a down payment on a Rick and Morty, and plan on completing the purchase if and when it ever gets done.

    Just wondering how this world in turmoil is affecting other's decisions to continue buying NIB pinball machines at the moment. May add a poll after some responses.

    #2 4 months ago

    Yes and no. Yes I am not buying any games right now. No I am not buying any games right now.

    #3 4 months ago

    I'm not wealthy, but that is where my money is. I had to retire early due to health issues, so yes, the market has, and continues to affect me. Unfortunately, I can't do anything with it until I'm 59 1/2. Otherwise I'd move it elsewhere for at least the short term. I've lost a big chunk of what little I had. Sucks!

    As far as pins go, no more until this gets turned around. Other than repair and restore parts for current machines, I'm done for now.

    #4 4 months ago

    I try to be Mr. Positivity around here, but I think this is going to have a very negative effect on the pinball industry as a whole. I'm going through with my first NIB pinball purchase (Rick and Morty) but have no plans for any new pins... I never did. However, I believe the pinball secondary market will be alive and well through all of this, and people will just trade pins instead of buying NIB for a while. I don't see people in a rush to cash out their collection based off of the market right now. I could see this sharp economic downturn killing off 1 or more manufacturers. Timing SUCKS for Deeproot. Do I think it will completely kill the industry? No. But how many of these companies could survive a 50% cut in orders for 6 months. How many of these companies can get 100% of the parts they need for new machines right now? Pinball is alive and well and will survive this... but will American Pinball, Jersey Jack, Spooky, and Stern? I think not.

    #5 4 months ago
    Quoted from sataneatscheese:

    I'm going through with my first NIB pinball purchase (Rick and Morty) but have no plans for any new pins... I never did.

    Yeah sure thing champ, neither did any of us.

    #6 4 months ago

    *effect

    #7 4 months ago

    I'm going to be a lot more careful what I pay for a game, not mostly a NIB buyer anyway.

    #8 4 months ago

    Actually, no but the manufactures price fixing with the dealers, taxes and shipping has me on the sidelines, oh and toss in NIB immediate depreciation and questionable QC as well.

    #9 4 months ago

    Nope, not a chance. I buy all my games with disposable income. Not income I have vested for retirement, college funds, rainy day savings, etc. To me, using anything other than "fun" money for pinball machines feel irresponsible. My fun money generally comes from my EOY bonus (when I get one) and money put aside every month for the purpose of entertainment.

    If I want something for fun that I can't afford that way, I sell something to help pay for it. Thus the main reason why I sold two games recently.

    #10 4 months ago
    Quoted from 85vett:

    Nope, not a chance. I buy all my games with disposable income.

    What new in box games are you planning on buying over the next few months?

    #11 4 months ago

    Well somebody told us Wall Street fell, But we were so poor that we couldn't tell...

    #12 4 months ago

    Nope, all my cash is tied up in the speculation market of pinball machines.

    #13 4 months ago

    I wanted to buy a Super Chexx Pro - new. That is officially on hold for now. I hope to be able to seriously consider getting it again in a few months. I literally have had my finger hovering over the "buy" button for weeks now. I'm glad I waited.

    I'm in a new job- and was already told there are going to be layoffs. Sigh.

    #14 4 months ago
    0A799DBF-C0E0-4DB9-886C-CE9473730C93 (resized).jpeg
    #15 4 months ago

    Don't know about NIB or used pinball machines, but in a month or two there are bound to be plenty of good deals on other items or services.

    Last crash, I had my ceilings scraped and redone for half the price they would normally charge.

    #16 4 months ago
    Quoted from o-din:

    What new in box games are you planning on buying over the next few months?

    I bought a DP Prem and JP Prem. Got my DP Prem about a month ago and loving it. My JP Prem wont come till April though

    #17 4 months ago

    #18 4 months ago

    Of course this is going to effect pinball companies.

    Most people are going to feel poorer and then it suddenly doesn't seem a great idea to buy a shiny toy at $8000.

    #19 4 months ago

    Yes / no / kind of. I have a new game on the way which I haven't paid for yet. Since I pay for this game in USD instead of the local currency, the price of the game has gone up about 10% in just the last week since the Norwegian kroner (NOK) has tanked. Ouch.

    #20 4 months ago

    I thought about selling my collection to put more money in the market. I've been waiting for the market to tank so I could put my savings in some ETFs. If the SP500 hits 3200 by the end of the year, my 40k collection in the market could be worth 53k.

    #21 4 months ago

    The playfield issues are still the biggest deterrent for me. If I could get a guarantee that there would be no issues, I would have bought a Deadpool and JP Pro yesterday. These are two of the best games to have come out in years!

    #22 4 months ago

    The crash? No. But crappy themes, piss poor QC and absurdly high prices have.

    #23 4 months ago

    Im out. Laid off for 7 weeks. No more pins in 2020 for me.

    #24 4 months ago
    Quoted from Ericpinballfan:

    Im out. Laid off for 7 weeks. No more pins in 2020 for me.

    I'm sorry my friend.

    LTG : )

    #25 4 months ago

    No, but Stern and JJP”s quality issues are keeping me away.
    However, I’ve invested more in the market over the last 14 days than I had in the past year. The buying opportunities have been incredible, but that window won’t be open forever.

    #26 4 months ago
    Quoted from LTG:

    I'm sorry my friend.
    LTG : )

    Im in entertainment and same union as Disneyland Techs. I also do many Disney Events. All shut down. I keep hearing April 1, ...ha ha. It's actually May 1 tor many of us.

    #27 3 months ago
    Quoted from Mike_J:

    However, I’ve invested more in the market over the last 14 days than I had in the past year. The buying opportunities have been incredible, but that window won’t be open forever.

    Hope that works out for you.

    #28 3 months ago
    Quoted from o-din:

    Hope that works out for you.

    It already has and, hopefully, will continue to do so.
    Since I’ve closed my offices in NJ and Manhattan and my children are off from school, we’ll be fishing the Atlantic tomorrow. Taking a break from the panic and enjoying some family time.

    -1
    #29 3 months ago

    The whole country minus essential employees is about to get laid off.

    #30 3 months ago
    Quoted from Goronic:

    Well somebody told us Wall Street fell, But we were so poor that we couldn't tell...

    Cotton was short and the weeds were tall, but Mister Roosevelt was gonna save us all...

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