Here's what you don't get: No PSL owner cares if we don't make back a dollar. We didn't do it for investment potential. We did it to cut the line and get great views, finally, after decades of waiting and suffering in sh-t seats.
If God came down and appeared before me in 1986 and told me that I could pay a measly extra $13 dollars a ticket to jump from #10,586 on the waitlist to first row seats in the Mezzanine, I'd have thanked him and paid with glee. That's what we all just did.
$13 is nothing. It's chump-change. Want a good cause to combat? Want a good fight to fight? Here, here's one:
A pack-a-day smoker spends $4,015 a year on cigarettes. In 30 years, a smoker will have spent $120,450 on cigarettes.
A PSL owner spends $130 for the fee on Jets games. A PSL owner will have spent $4,000 on Jets games.
Go bother someone else with your anti-PSL agenda. We're happy here. It's nothing, chump-change for those who can afford it in a stadium that's 96% sold out with vastly higher prices and commitments. Go Jets.
SAR statement is not that well thought out.
If you prayed to God in 1986 and he answered your prayers for row one mezz seats he would not charge you for the seats. What would God use money for anyhow?
An adult pack a day smoker most likely could not smoke another 30 years as the smoking would kill him before 30 years were up.
The math on PSL fees leaves out the use of funds. For instance when one bought two 10K PSLs for a total of 20K that lasts for 30 years one could have bought a 30 year tax free AAA muni with a 5% coupon. That would be 1k a year interest for 30 years for a total of 30K, plus the 20K PSL which would be worthless at end of stadium.
One would be spending 50K over 30 years. Not 20K, now if one reinvested the 1k interest each year into another bond, compounding of interest we are talking a lot more.
I love my PSL seats, but they are up there with jetskis, speedboats and time shares as investments for the most part.