Originally Posted by FF2®
You have committed to paying whatever they tell you to pay, for whatever product they put on the field. Which is fine if that's what you want, but to talk about it like its a good deal is foolish. Talk about a depreciating asset. It's that only investment guaranteed to be worthless after 30 years.
As a season ticket holder in Giants Stadium, I didn't have a PSL so I didn't have rights to my seats. The Jets could have thrown me out any time they wanted to. The Jets raised ticket prices from $13 in 1982 to $110 in 2008 during my time there.
As a PSL owner in MetLife Stadium, I have a PSL so I don't have to worry about the Jets relocating me. The Jets have only raised prices $5 in the three seasons we've been there, it's likely they won't raise prices this season or next either. I experienced increases from $13 to $110 so seeing my $125 seats eventually grow to $199 is not going to surprise me, not something I'm unprepared for.
The only things in life that can be called "depreciating assets" are investments. Not a PSL owner alive ever viewed his PSL purchase as an "investment". Rather, it was nothing more than a price increase, a blackmail scheme to get fans into seats they really wanted. This is true of every NFL team, not like the Jets (and Giants) invented this concept.
There are only two things that matter about the PSL situation, and both are good:
1. It was a mechanism that forced the old timers out of their seats so younger fans with money could get them.
2. Every other NFL team has seen it's PSL values increase over time so those who want out prior to Year 30 stand to get their money back or make a bit of profit.
I think back to myself in 1988, a 24 year old kid with a great job and the ability to purchase a set of pricey Jets tickets. But I couldn't. I wasn't allowed to. Old timers infested Giants Stadium and wouldn't get out. I called the Jets front office, I offered them 2x face value to get me into a decent view, they laughed. Eventually, I discovered eBay and found a blue collar geezer who was on a fixed income, paid him $10,000 for a postcard so he could transfer his seats to my name. That was 2001. I waited 13 long seasons buying seats in the parking lot or scouring Newsday for broker deals because these other bastards who didn't like the team were squatting in their seats because they had resale value. I felt fortunate to live in a world with eBay because it enabled me to get in touch with another Jets fan to whom I could blackmail out of his seats.
Ask any PSL owner on this site. Go ahead, ask them. They'll tell you that they were happy to pay their PSL fee because it meant they could get the seats they wanted after decades of being c-blocked by geezers. We're in this for 30 years, not 3. It doesn't matter that the road ahead looks tough for awhile; we're not stupid. This is not unexpected.