Leveraging Loans to Invest in Pokemon?

[smpratte]

@gottaketchumall

@pfm

So you can pay off a $10k loan in 6 months but you don’t have $10k in savings today?

No offense, it’s your money you can do what you want, but maybe you should reassess your priorities

He will be a much better saver the next 6 months. I’m sure it will be different.

This thread shows why Pokemon will most definitely be affected by a recession. I bet well over 2/3 of the forum uses some form of high interest rate debt (anything higher than 5% IMO) to fund their collection. Many would say they don’t but they collect while paying on auto loans, student loans, and other various debt in excess of that 5% rate. Hell I don’t use any “bad” debt to fund mine, but with a repeat of 2008 there is probably a 50/50 shot I would lose my job and then even I would surely be selling a few things here and there.

Its so bad you have actual charizardballer69’s who can’t even refund a buyer because they already spent all their money.