(Topic ID: 188515)

Why I feel Pinball Prices Are Going To Plummet...


By g0nz0

3 years ago



Topic Stats

  • 1,053 posts
  • 254 Pinsiders participating
  • Latest reply 2 years ago by ypurchn
  • Topic is favorited by 7 Pinsiders

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    Topic poll

    “Will Pinball Prices Drop Hard Over The Next Ten Years?”

    • Definitely 136 votes
      20%
    • Not a Chance 267 votes
      39%
    • The Future Is Uncertain 289 votes
      42%

    (692 votes)

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    There are 1053 posts in this topic. You are on page 22 of 22.
    #1051 2 years ago
    Quoted from Pinfactory2000:

    Huh? The 2008 recession was LITERALLY the worst economic downturn since the 1930’s. If you don’t think that was the textbook definition of ‘hitting the fan’ then we had very different economics professors and textbooks. Any economic downturn is going to impact how discretionary income is spent and the impact of a reduction in retirement savings or housing value has a proven impact on how people spend.
    As mentioned before, popularity and ‘fun factor’ Are already priced into a titles value. There’s a reason raven is priced at what it is vs other pins from that era.

    I worked construction at the time and we never felt any hard times during the "Great Recession". This was in Daviess County, IN where we had the lowest unemployment in the state and most of our jobs are reliant on construction (cabinets, houses, building supplies, trusses).

    I remember one County in Northern Indiana that most of their jobs relied on a big RV factory and they had the highest unemployment rate. I guess that illustrates the tightening of people's budgets when they quit buying RVs.

    It's weird to hear how hard it was. I'm not doubting but for us there was nothing different.

    -1
    #1052 2 years ago
    Quoted from dmbjunky:

    I worked construction at the time and we never felt any hard times during the "Great Recession". This was in Daviess County, IN where we had the lowest unemployment in the state and most of our jobs are reliant on construction (cabinets, houses, building supplies, trusses).
    I remember one County in Northern Indiana that most of their jobs relied on a big RV factory and they had the highest unemployment rate. I guess that illustrates the tightening of people's budgets when they quit buying RVs.
    It's weird to hear how hard it was. I'm not doubting but for us there was nothing different.

    Yeah, it hit some industries hard, but it really was isolated to those industries or very specific industries. We look at highest unemployment rates since the great depression, but there is much more to that.
    One important factor, is some states benefited in areas, where others crashed. While the rust belt got crushed, the southeastern united states has been pretty much eating up their market. These large product industries like cars and large appliances haven't been going overseas lately as much as they've just been relocating to the south. Non-union plants in the south that didn't close have reduced pay for new employees. I work in an appliance factory and wages for new full time employees are lower now than when I started there 18 years ago. Service industry employee wages might have stagnated, but overall they didn't actually shrink. My factory puts out 1.2 million appliances a year and we didn't lay off anyone. I think the workers that were the most susceptible to job loss in 2008 were for the most part not the people buying pinball machines.

    #1053 2 years ago

    All uptrends have a giveback period. We’re obviously in one on a week to week or month-month trend. Year to year or decade to decade it’s just a blip. Know way to know what the market will look like the next day, week, month or year.

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