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.
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.