(Topic ID: 289879)

Similarities with Pinball Market & the 2008 Housing Crash

By alexanr1

3 years ago


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Topic Stats

  • 64 posts
  • 39 Pinsiders participating
  • Latest reply 3 years ago by CrazyLevi
  • Topic is favorited by 1 Pinsider

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    Topic poll

    “For any part of your pinball collection have you borrowed money to make your purchase?”

    • Yes, I have a loan or using a HELOC to purchase 5 votes
      2%
    • Yes, I paid with a credit card and make payments to my card provider 13 votes
      6%
    • Yes, I have financed through a supplier. 1 vote
    • No, I always pay cash. 200 votes
      91%

    (219 votes)

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    #59 3 years ago
    Quoted from CrazyLevi:

    It's ok. He did a "search" which revealed there hasn't been a price bubble thread in 4 years, and that there has always been a dire shortage of moronic price speculation speculation threads. Not sure how he missed these though, must have slipped through the cracks of his Sherlock-like investigation:
    2000:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/high$20prices$20market$20collapse%7Csort:date/rec.games.pinball/gzU8ZAOxvUE/qII_fx4klQ0J
    2001:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pricing$20decrease%7Csort:date/rec.games.pinball/3XZf_itbXjY/QI04T4Qr9UkJ
    2002:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pinball$20price$20bubble%7Csort:date/rec.games.pinball/8CDhldb5kyw/JxQRQPIGmQwJ
    2003:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pinball$20market$20price$20fall%7Csort:date/rec.games.pinball/clAO0zIHHfQ/CbExiOZrldIJ
    2004:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pricing$20decrease%7Csort:date/rec.games.pinball/pXZDb-2V6Yk/GSPWq06-nWsJ
    2005:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pricing$20bubble%7Csort:date/rec.games.pinball/ACTs0HpQktA/x-C5LZAF180J
    2006:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pinball$20price$20bubble%7Csort:date/rec.games.pinball/dBrqPnk7mkk/nQYyh65_fewJ
    2007:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pinball$20prices$20fall%7Csort:date/rec.games.pinball/femnxuH8a1k/oeXzsItDbOQJ
    2008:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/high$20prices$20market$20collapse%7Csort:date/rec.games.pinball/44iMVjwb68o/wXb8-3F9vOIJ
    2009:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pricing$20market%7Csort:date/rec.games.pinball/JsgTrS05pCc/8pB5t9oUqTAJ
    2010:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/pricing$20market%7Csort:date/rec.games.pinball/hNRZGnOAZ-Y/bs8Js1M7sUAJ
    2011:
    https://groups.google.com/forum/#!searchin/rec.games.pinball/high$20prices$20market$20collapse%7Csort:date/rec.games.pinball/DlcZoruS0Bo/VO_cueyPCEQJ
    2012:
    https://pinside.com/pinball/forum/topic/pinball-price-bubble-think-it-cant-happen-think-again
    2013:
    https://pinside.com/pinball/forum/topic/pinball-price-bubble-will-pop
    2014:
    https://pinside.com/pinball/forum/topic/this-is-not-a-rebirth-of-pinball-its-a-bubble
    2015:
    https://pinside.com/pinball/forum/topic/we-all-want-the-ass-to-drop-out-of-pinball
    2016:
    https://pinside.com/pinball/forum/topic/when-will-the-stern-bubble-burst
    2017:
    https://pinside.com/pinball/forum/topic/are-we-in-a-pinball-bubble
    2018:
    https://pinside.com/pinball/forum/topic/why-i-feel-pinball-prices-are-going-to-plummet
    2019:
    https://pinside.com/pinball/forum/topic/will-pinball-prices-come-down-
    2020:
    https://pinside.com/pinball/forum/topic/prices-dropping-
    2021:
    https://pinside.com/pinball/forum/topic/pinball-pricing-bubble-due-to-covid-one-nine

    I think you are being generous by only showing one example of multiple threads that appear every year.

    The economics is simple. You have a near fixed/degrading supply (with the exclusion of new pins in limited themes being built in recent years), and what seems to be a rapidly growing demand as more people are introduced to the hobby. On top of that, unlike many other assets, this is not a one or two to one ratio. I have no idea how many pins the average owner has, but what I can tell you is that for the majority of us the number of pins we desire is "just one more".

    There is never going to be a fixed point in time where a significant number of owners either want or are required to liquidate their pins (i.e. a bubble burst) simultaneously. However, I do believe there is an expiration for the hobby, in general. As generations pass in the next few decades to come, I do see the interest in pinball slowing dying out, so to speak.

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