Originally Posted by Flushing Roots
Great thread! You guys can get pretty comical.
I expect the Jets to have many defaults on the PSLs they financed before the next renewal date. I personally feel the Jets will choose to not pursue legal action against the defaulters as they don't need any more negative PR. I wonder how the Jets will handle the resales of these PSLs? Will they establish a current market price for them? I have to believe there will be some attractive buying opportunities coming. Just like the stock market, you want to buy low. I would think the best time of the year to buy would be after the second pre season game? Perspective?
Those of us who have PSL's waited a decade on a waitlist to get them and we're not giving them up because of one bad season and a rebuilding effort.
We're in this for the 30 year long haul. Those who default will do so because of unfortunate circumstances like losing a job, relocating, illness, etc. Every year since 1975 the Jets have seen 2-3% turnover every year for these reasons. No different now.
There is an easy out for PSL owners should they choose to take advantage of it. Sell the 4 good games for profit, sell the 2 average games for break-even, attend the last 4 for free or perhaps a loss of 20%. If you simply must sell your PSL's, follow this strategy for a few years until we're hyped contenders again and then sell your PSL's at the high, not the low. Point is we're not talking about someone losing $4000 of his $5000 worth of season tickets; worst-case, he loses $1000. Certainly someone spending $60,000 per decade to see live NFL games can expect that in a down-year.