[quote=deadzone][quote=an]Between August 2008 and December 2008, the Fed’s balance sheet increased ~2.5x. Between 9/2020 to today, they’ve increased the balance sheet by ~2.1X. Did we see similar craziness in 2008 for the high end? I know the low end were getting bought up for all cash back then, but price wasn’t skyrocketing like today, even w/ all cash offers. I got beat out by several all cash offers that were lower than my offer price.[/quote]
Fed balance sheet increased about 1 trillion in 2009. In 2020 in increased nearly 4 trillion. Big difference.
Not sure RE is any hotter than other commodities but if so, I would say it is for inflation hedge. Hi end baseball cards have never been this hot. A new record selling auction is reported nearly every week. Fed has created so much wealth that money is being thrown around everywhere.[/quote]
Prices are higher due to inflation but the baseball card mania was much bigger and widespread years ago. my best friends father started a company called Scoreboard that started the whole sports collectible mania. His partners son who I also grew up with runs the top sports memorabilia auction house to this day.
