Quote:
Originally Posted by Nike
i will sell them to whoever wants to buy them. years past i only sold to jets fans. if i can recoup the loss in a write off business loss im considering walking away after this season.
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Only folks who did zero down on 15 year plan are big walkaway risks.
Guys near me all put down 20% back pre-price cuts the sideline.
Think about it, LGL 10K a psl requiring 20% down. Those folks are about to make their fourth payment. When they lowered the price and lowered the amount required down those folks did not get a penny back. They got their balance reduced.
Entire LL EZ and Mez B which was a last second price cut. Pretty much anyone who bought when it was 5K cant walk away as they nearly paid it off.
I told the Jets when they called me to buy more PSLs recently on a cold call. I am interested in only seats near me where owner defaulted and I can pick up the remaining loan with zero down. Jets laughed at me. Who knows maybe that should be way to go. I dont mind if team sucks picking up a few psls at 50% off but I dont understand how Jets think there are people who will still pay full price. Stadium has a 30 year life span and 10% of PSL is used up.