At my age I have seen a lot. I remember black Monday in 1987, I remember the dot com bubble of 2000 and of course I remember the housing crash in 2008. What all of these had in common was a highly over valued market and a bunch of consumers whose greed convinced them to overpay believing it will go up in value. As the ole adage goes “pigs get fat and hogs get slaughtered”.
This leads me to the current pinball market. I am seeing brand new pinball machines being purchased for X and being resold for up to 2x more.
I am seeing A nice pin that is worth $3k at best, if it is like new, being listed for $12k.
- While this machine does not likely have the owner in large debt, they most likely have way more in it than it’s worth.
My biggest concern is if people are taking out loans to buy very expensive pinball machines and when (not if) we have another recession, will there be a lot of people upside down on their pin investments and have to sell to a market that may not have the ability to absorb high priced pins? (In other words sell for far less than they have in them)
I am interested in how much, if any, debt is tied to expensive pinball purchases. (See my poll)
Thanks in advance for helping me better understand the debt tied to pinball ownership.