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The-Shoveler.
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August 8, 2021 at 12:11 PM #822928August 8, 2021 at 12:16 PM #822929
Anonymous
Guest[quote=sdrealtor]FWIW prior to this year there were 6 sales above $8M in the entire history of Encinitas per MLS. There are 4 closed sales at $8M+ plus in the last 4 months with 2 more in escrow. Things changing quickly up here at all price ranges[/quote]
Yes, we’ve already established the fact that RE prices are going through the roof.
And we know you love to keep cheerleading that fact.August 8, 2021 at 12:23 PM #822930sdrealtor
ParticipantA twig nationwide can be a raging wildfire locally. You just dont get that.
The high end market is very different than the rest of the market. The numbers I posted were similar over $2M, $4M and $6M. The price is kinda irrelavant in many ways in these ranges. Its not that $6M homes are selling for $8M now. They werent selling at lower prices before.
Homes like this are always on the market but in the past there were few buyers for the top of market homes. The top of market homes are selling. Whether they went up 10, 20 or 30% is besides the point. I dont care whether they went up or not. There is a new breed of buyer coming to this market that was not here before and they are buying homes that would not have found buyers in the past at anything close to the rate they are now no matter what the price was.
August 8, 2021 at 1:09 PM #822931Guest[quote=sdrealtor]A twig nationwide can be a raging wildfire locally. You just dont get that.
The high end market is very different than the rest of the market. The numbers I posted were similar over $2M, $4M and $6M. The price is kinda irrelavant in many ways in these ranges. Its not that $6M homes are selling for $8M now. They werent selling at lower prices before.
Homes like this are always on the market but in the past there were few buyers for the top of market homes. The top of market homes are selling. Whether they went up 10, 20 or 30% is besides the point. I dont care whether they went up or not. There is a new breed of buyer coming to this market that was not here before and they are buying homes that would not have found buyers in the past at anything close to the rate they are now no matter what the price was.[/quote]
Yes because since the pandemic and Fed policy response, the wealthy have become even more wealthy. There is just an enormous amount of wealth and money out there. At the same time Encinitas has record selling home prices, there is another new record high selling price for a baseball card. The same forces are affecting all asset markets.
August 8, 2021 at 2:17 PM #822932ParticipantPoor analogy. The most valuable baseball cards have always been selling just not at these prices. I grew up with the guy who is selling many of the most valuable of them and has been for a long time.
The most valuable Encinitas real estate always sat and rarely sold. Now it sells. Im not arguing there arent market forces impacting all assets. That impacts the prices things sell for. Its just that a different category of buyers is here now than was here before. They are buying things that were virtually unsellable before at anything close to FMV. Why is that so tough to understand?
Here’s another. Just closed at asking price. two week escrow, all cash. Was sold by the Altman Brothers out of LA from Million Dollar Listing fame. Havent seen them down here before
https://www.zillow.com/homes/410-La-Costa-Ave-Encinitas,-CA-92024_rb/16659529_zpid/
August 8, 2021 at 6:30 PM #822936GuestNo the baseball cards are a good analogy, there is simply an obscene amount of money out there right now. Prior to the pandemic, there was only one sports card that ever sold for over 1 million (T206 Wagner). This year there have been dozens of million dollar sales and multiple cards have sold this year for over 5 million.
August 8, 2021 at 8:59 PM #822937ParticipantYou can’t even get your facts straight. That card sold several times for more than $1m and other sportscards have sold over a million prior to this year. It’s a poor analogy and incorrect to boot
August 9, 2021 at 8:42 AM #822938Guest[quote=sdrealtor]You can’t even get your facts straight. That card sold several times for more than $1m and other sportscards have sold over a million prior to this year. It’s a poor analogy and incorrect to boot[/quote]
Yes different copies of that T206 card sold for over a million previously. All the records have been smashed since 2020.
Not a poor analogy. Stop acting like a know it all just because you have a friend of a cousin who you drink wine with who knows someone who sells sports cards. You don’t know jack squat about this topic. You are clueless if you can’t see a connection.
You are just blinded by your belief that NCC San Diego is so wonderful and popular and trendy that all of the world’s rich want to move there.
August 9, 2021 at 10:29 AM #822939ParticipantThat’s not what you said before. You keep moving the goal posts
I know more than you think. My best friends father basically created the sports card memorabilia secondary market industry. I have a handful of close friends that are involved at the highest levels.
Right now there is about a two year backlog to get a card PSA graded. They aren’t even accepting submissions which is the only way to establish value for a card. And they are now taking a large percentage of the graded value instead of a flat fee. The sports card market is incredibly restrained now to basically only previously graded cards. It’s nothing like the housing market
And you continue to make stuff up. I never said any of what you said. What I said is that this area is changing in a fundamental way that is leading its prices to increase faster than the more general market. I understand the general market is being driven by all the factors you cite but there is something going on in addition to that here
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties
August 9, 2021 at 12:47 PM #822940Guest[quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.
August 9, 2021 at 1:41 PM #822941
CoronitaParticipant[quote=deadzone][quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.[/quote]
People tend to invest in things they know about and are comfortable with…but usually don’t throw shades on things they don’t know or don’t understand or don’t invest in. That’s sour grapes. I don’t think anyone here is throwing shades at baseball cards.
August 9, 2021 at 1:58 PM #822942Participant[quote=deadzone][quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.[/quote]
Missed nothing. Im loaded with many rare cards. Mantle RC, Ryan/Koosman RC, Alcindor (Kareem) RC among others. Hope your’s are PSA graded. If not you are SOL
August 9, 2021 at 3:21 PM #822944Guest[quote=sdrealtor][quote=deadzone][quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.[/quote]
Missed nothing. Im loaded with many rare cards. Mantle RC, Ryan/Koosman RC, Alcindor (Kareem) RC among others. Hope your’s are PSA graded. If not you are SOL[/quote]
If you actually own a Mantle rookie 52 topps, my hats off to you. I for one am a collector, not investor. I don’t collect graded cards in slabs, very unattractive. I do realize it is necessary these days in order to sell ultra high dollar cards. But pretty much ruined the hobby in my opinion.
August 9, 2021 at 4:15 PM #822945CoronitaParticipantI tried to collect cars, but realized that my wallet and space is too limited. So I had to settle on collecting videos of Evelyn Lin….
August 9, 2021 at 4:47 PM #822946Participant[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]
unfortunately your negative attitude prevented you from participating in this. you must be lots of fun at parties[/quote]Actually my baseball card collection is up big time so unlike you I did participate in this. Too bad you missed out on the opportunity of a lifetime to get in on it too. Since you have friends in the industry you should have known it was going to explode.[/quote]
Missed nothing. Im loaded with many rare cards. Mantle RC, Ryan/Koosman RC, Alcindor (Kareem) RC among others. Hope your’s are PSA graded. If not you are SOL[/quote]
If you actually own a Mantle rookie 52 topps, my hats off to you. I for one am a collector, not investor. I don’t collect graded cards in slabs, very unattractive. I do realize it is necessary these days in order to sell ultra high dollar cards. But pretty much ruined the hobby in my opinion.[/quote]
Same here. The cards are in good condition as to have real value but nowhere near good enough to be worth anything close to the ones on top condition. They are just cool things I like having. My dad sold cracker jacks at Forbes Field in the Mid 30’s. I have a one of a kind collection of autographed photos he got of the 35′ Pirates. There are a few Hall of famers on the team. No one in my family really appreciates them. Some day I want to donate them to the team with the stipulation they create a display of them and credit my father by name. That would be a cool way to honor his memory
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