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Author Topic: Dying Hobby  (Read 829 times)

CBWho

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Re: Dying Hobby
« Reply #30 on: August 17, 2019, 09:30:36 pm »
The recession burst in August of 2008. We had deflation on house prices and took a year or two to bottom out. The engine bubble you mention overlaps nearly perfectly with the housing bubble. Too much coincidence.

Stoker

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Re: Dying Hobby
« Reply #31 on: August 17, 2019, 10:11:43 pm »
That recession took place from 07-09, BUT that was when I observed PEAK prices in steam toys and will admit that I paid a lot more in that time period for some engines than what I should have. Shouldn't the prices have been lower in that period??

It is just possible Nick, that there were enough people who thought any material "collectible" would be better to hold than cash at that time. Certainly the precious metals generally do well when the economy takes a downturn, as do most things that people perceive to have intrinsic value. If that was indeed the case, than that would be a good sign and bode well for the real worth of our toy steam engines .... or maybe it was just a fluke coincidence ..... I for one, certainly don't have a clue!
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St Paul Steam

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Re: Dying Hobby
« Reply #32 on: August 21, 2019, 02:01:46 pm »
I beleive "qaulity " of any manner of thing always seems to hold its value, there are the occasional Uber rare items that will bring top dollar,  but people generally look for value. (At least I do 😉)
Bruce, St. Paul Indiana, USA
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