>foreshadowing harbinger of another full Great Depression
I genuinely can't get it out of my head right now. It seems like anything and everything collectable is worth more, because people are desperate for safe stores of value. I used to buy, restore, and flip old woodworking tools, and as a hobby, I collect nes, snes, and n64 games/systems. The prices are getting outrageous, genuinely just outrageous. An older lathe that would've been <$100 two years ago just sold for ~$500 at a local auction. Games, game accessories, and other nintendo collectibles have almost doubled in price near me. It's ridiculous.
I can't shake the feeling that we're headed for a doom and gloom situation with massive unemployment, hunger, and human suffering in the near future.
I doubt people are treating an old $500 lathe as a store of value. We are still in a pandemic and people are still cooped up in homes. Which means hobbies have exploded over the last year. Many of my usual purchases at Michaels and Joann have been difficult to find over the last several months. There are just more people collecting and more people doing flipping like you
I wouldn't worry too much about those exact markets, that's cyclical.
I remember in the early 2000s when the internet really made finding collectibles easier, the old computer market got insane, like $1200 for a standard C64 on ebay, because more people were able to bid on it. Those prices eventually came back down to earth, $250-$300 for a nice one now.
I genuinely can't get it out of my head right now. It seems like anything and everything collectable is worth more, because people are desperate for safe stores of value. I used to buy, restore, and flip old woodworking tools, and as a hobby, I collect nes, snes, and n64 games/systems. The prices are getting outrageous, genuinely just outrageous. An older lathe that would've been <$100 two years ago just sold for ~$500 at a local auction. Games, game accessories, and other nintendo collectibles have almost doubled in price near me. It's ridiculous.
I can't shake the feeling that we're headed for a doom and gloom situation with massive unemployment, hunger, and human suffering in the near future.