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T2 BPO purchase. Just for the rarity factor or actual profit?
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Qalix
Long Jump.
#41 - 2014-02-04 21:45:54 UTC
Mr LaboratoryRat wrote:
Please stop posting about stuff that you dont know anything about. There have been a few developments that caused that price spike and the current fuss about the amount (2 collections) that are getting (re)sold. I have all the answeres but unfortualy (and cause you trolled me a few years ago) there is no such thing as free information.

OMG you're secretly "in the know." Let us all fall silent in awe at your completely random, unsubstantiated claim. I'm sure your post has nothing to do with your sales of T2 BPOs.
GreasyCarl Semah
A Game as Old as Empire
#42 - 2014-02-04 23:07:29 UTC
The worry about some sort of a bubble in these prints is a bit overblown. You can't compare the situation to real life because credit doesn't exist in this game. Cheap, easy credit causes these situations and then amplifies the panic when the price of the asset tanks. In the game if I pay 35B for a print, there is nothing that really compels me to make a panic sale except for my own worry that the price won't ever come back up.

With all that said, are tech 2 BPOs worth what they sell for? Not even close. They are novelty items.
Kagura Nikon
Native Freshfood
Minmatar Republic
#43 - 2014-02-05 10:06:22 UTC
Sabriz Adoudel wrote:
X ATM092 wrote:
http://en.wikipedia.org/wiki/Greater_fool_theory

Limited issue items such as t2 bpos and AT hulls have actually offered some of the best passive isk returns in the game, many appreciating at around 10%/month for the last year. You don't hold it for the isk generating potential, you hold it to resell it to someone else at a higher price.

My personal opinion regarding the reason for this state of affairs is that wealth inflation in the top 1% is increasing at a far faster rate than it is among the general population and these items which are pretty much exclusively traded among the super rich are priced based upon the disposable income and need to sell things for liquidity of that group. Their perceived value has remained constant among that group but the amount of isk at the disposal of that group, and therefore the value they place on their isk, has changed. They inflate in value in proportion to the wallets of the people who deal in them and those wallets increase in size at a far faster rate than those of the general population.



This is completely correct.

Interestingly, it's similar to the housing rental market in Australia. Noone in their right mind buys a house for the income from renting it out, a bank will pay more interest if you just deposit the money. Landlords buy houses because they anticipate capital gains, and rent covers half the interest payments on a mortgage.

T2 BPOs are the same.



That is a strange situation, because when that happens usually the market regulates itself and usually safe bank investments are around same income level of rent. Unless there is a huge surplus of housing in the region. I live in the country with the highest interest rates of any meaningful economies worldwide.. adn still banks investments pay just a tiny bit mroe than rent based on housing of same value.

"If brute force does not solve your problem....  then you are  surely not using enough!"
Qalix
Long Jump.
#44 - 2014-02-05 19:58:55 UTC
Are people using T2 bpo's as collateral against debt?
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#45 - 2014-02-06 16:54:32 UTC
Qalix wrote:
Are people using T2 bpo's as collateral against debt?

Frequently.
Qalix
Long Jump.
#46 - 2014-02-06 18:05:58 UTC
Bad Bobby wrote:
Qalix wrote:
Are people using T2 bpo's as collateral against debt?

Frequently.

Are they being valued according to latest sales or some other arcane process? It seems like it would be tempting to inflate the value to a certain point and the next time you get a big ole chunk of ISK loaned to you, just letting the BPO go.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#47 - 2014-02-06 18:29:23 UTC
Qalix wrote:
Bad Bobby wrote:
Qalix wrote:
Are people using T2 bpo's as collateral against debt?

Frequently.

Are they being valued according to latest sales or some other arcane process? It seems like it would be tempting to inflate the value to a certain point and the next time you get a big ole chunk of ISK loaned to you, just letting the BPO go.

Most sensible people entering in to a collateralised loan will value the collateral conservatively.

Not everyone is sensible.
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