Seems like economic news and discourse is using the R word frequently now, with a recession pretty much expected by all. Will this impact your NIB purchases in the next year?
If the recession impacts pinball pricing, this is definitely NOT the time to stop buying. Haha. Save up your cash now, and buy lots when prices are down.
It hurts looking at my portfolio for sure, but as Long as Im employed and business is decent ill be a buyer. At this point im out of space anyways so need to sell a pin to fit one. So i guess it doesnt matter unless I cant sell a pin due to market softness
I'm praying for a recession on Pinside recession threads but that seems to be pretty unrealistic.
I don't think I've ever seen this many recession posts on online pinball forums. Like...even when we were actually IN a recession - rather than just people oddly praying we would have one - nobody posted on RGP about recessions as much.
So what gives? Why are recession threads so popular these days? If we actually enter one, will there be fewer recession threads? Is there something about the "looming" that has us addicted to these?
Quoted from CrazyLevi:I'm praying for a recession on Pinside recession threads but that seems to be pretty unrealistic.
I don't think I've ever seen this many recession posts on online pinball forums. Like...even when we were actually IN a recession - rather than just people oddly praying we would have one - nobody posted on RGP about recessions as much.
So what gives? Why are recession threads so popular these days? If we actually enter one, will there be fewer recession threads? Is there something about the "looming" that has us addicted to these?
I just hope it doesn't affect my ability to buy a manly theme or affect my manliness
Quoted from BWT67:Been reading looming recession headlines for better part of two years. With the fed cranking rates and subsequent market reactions paired with inflation, job loss, etc, are we already not in one? But to quote insight75 addicts always find a way!
Small recession in 2023 has always been the talk in my meetings at work. Then the big dog (worse than 08-09) around 2030.
We've probably been in a recession for months. This will be a mild one, probably normal after 10 years of growth, and nothing like 08 - 09.
Quoted from PinballTilt:Solution - don't watch the news. The headlines are ridiculous
How do you know that if you don't watch the news?
Quoted from chuckwurt:If the recession impacts pinball pricing, this is definitely NOT the time to stop buying. Haha. Save up your cash now, and buy lots when prices are down.
Who said anything about pricing?
Quoted from acedanger:Deleted post
LOL! What are some examples of MATURE titles? So not a Toy Story fan I take it?
A recession probably won't impact my NIB buying. I don't buy them that often. When I do, it will be a games that I have already played and liked enough to get it.
They really only put out GREAT games every few years. And in between they put out "filler" games. Even without a recession I wasn't going to buy the filler games. For my money, I want a Godzilla or a Deadpool (own them both). Spectacular games that are a blast to play. I just won't pay the same for a mediocre game that can't earn its space in my house.
Quoted from chuckwurt:Small recession in 2023 has always been the talk in my meetings at work. Then the big dog (worse than 08-09) around 2030.
Same, working in FinTech, thats all I hear all day long. The "R" word.
Out of nearly 200 machines, I've only bought 3 NIB. My gameroom is full, so something has to go for something to come in. It's just a merry go round of more or less the same dollar amount cycling at this point, so nothing out of my pocket, or not much over. So, assuming the used pins don't take a huge nose dive, if there was a theme/game I really wanted, I doubt it would have much impact on my decision.
Quoted from CrazyLevi:I know when I think "mature," I think "Acedanger!"
You are such a <Removed by moderation>
Quoted from acedanger:Deleted post
Quoted from DaveH:How do you know that if you don't watch the news?
Because the YouTube algorithm thinks I care so I get to scroll past all of them. 'absolutely massive' 'i warned you' 'people going to lose everything's 'the everything bubble JUST POPPED' it's a little much just for clicks and eyeballs
Quoted from DaveH:You are such a <Removed by moderation>
I can only imagine what this said but I imagine I'll see you next Tuesday!
Quoted from PinballTilt:Because the YouTube algorithm thinks I care so I get to scroll past all of them. 'absolutely massive' 'i warned you' 'people going to lose everything's 'the everything bubble JUST POPPED' it's a little much just for clicks and eyeballs
You should watch more dog videos.
Quoted from CrazyLevi:I can only imagine what this said but I imagine I'll see you next Tuesday!
Actually it was a joke. I'm one of the people that likes you. I chuckle sometimes when a newb rolls in with their first game and takes a swat at you.
Quoted from chuckwurt:If the recession impacts pinball pricing, this is definitely NOT the time to stop buying. Haha. Save up your cash now, and buy lots when prices are down.
Absolutely this. Assuming I keep my job, etc.
I purchased my first NIB in 2020. Been saving up since then for another one. I spent some of the money along the way (bought a damn onewheel) but mostly been saving side money as much as I can. TBH I'm very worried that I'll need that money elsewhere or even if I don't, that it would be foolish to blow it on a pinball machine if things do start getting much tighter. Kind of a big bummer....
Quoted from yancy:Absolutely this. Assuming I keep my job, etc.
You know what they say...a recession is when your neighbor has to sell his pins. A depression is when YOU have to sell your pins!
I have a hunch a lot of people forget what a "bad recession" feels like as we've had so many "good times" for over a decade. I don't know if one's coming - no one ever does - but when the stuff hits the fan people will be tighter with their money. I'm not changing my habits much today, but if the stock market dropped by half and I had an extra $7k to use, I'd be hard pressed to buy a NIB pin vs investing it.
The fear of a recession will likely not cause much behavioral change here. As they say, economists have predicted 5 of the last 3 recessions.
The effects of an actual recession likely will.
I'll take the recession, if that's what it takes to curb the massive inflation. Inflation's impact never goes away.
When I see my investment reports each month no way would I allocate big money towards another machine. Price of copper just went more in the tank than it has been. It’s not when the recession will actually hit ( we’re already in the beginning phases) but how long and bad it will be.
I barely noticed the 2008 recession in my personal and professional life, and I'm hoping the same thing will happen this time too. If it does then I'm hoping to capitalize on maybe some cheaper tables since I imagine people who are impacted will likely want to sell their toys to pay for stuff they actually need. Even if this doesn't happen I'll still buy pins even if the economy is going up in flames...assuming I still can.
Quoted from Wiggles:I barely noticed the 2008 recession in my personal and professional life, and I'm hoping the same thing will happen this time too. If it does then I'm hoping to capitalize on maybe some cheaper tables since I imagine people who are impacted will likely want to sell their toys to pay for stuff they actually need. Even if this doesn't happen I'll still buy pins even if the economy is going up in flames...assuming I still can.
You do not even own a pinball machine, But you will still buy them
https://pinside.com/pinball/forum/topic/wyoming-pinheads?tu=Wiggles
The last recession was caused by banks/insurance companies being fundamentally broken, and not having enough money to pay their obligations. This time around it feels more like a market correction after booming growth during covid, combined with supply chain issues increasing prices thus lowering sales. Companies are positioned/motivated to get out of the “slump” more so than in 2008 which was truly a panic after banking collapse.
Quoted from BWT67:addicts always find a way!
Yeah, to discuss pinball pricing bubbles and recessions.
I may be addicted, I’m here reading!
Quoted from Brtlkat:You do not even own a pinball machine, But you will still buy them
https://pinside.com/pinball/forum/topic/wyoming-pinheads?tu=Wiggles
I don't see any issue with what I said. My intention to buy a pin is unchanged even if we do end up in another recession. I never claimed to have bought or owned one prior.
Quoted from PopBumperPete:Cool kids do not just collect NIB LE's
A wall of LCD screens leaves me cold
People like what they like. Some people would walk right past your collection, others would be in heaven. YMMV.
Quoted from GPS:When I see my investment reports each month no way would I allocate big money towards another machine. Price of copper just went more in the tank than it has been. It’s not when the recession will actually hit ( we’re already in the beginning phases) but how long and bad it will be.
TIME TO BUY COPPER!
Seriously, I worked for an auto parts manufacturer that makes wiring harnesses for the Big 3 (and many more), we followed copper prices like hawks. When some people are going broke, others are making fortunes.
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