No surprise here, anyway most people who have season tix to the skins can afford those prices. Most of em don't live in DC but the very well off burbs.....
True cost over time $175 x 2 +35 X10 games = $3850 per year if invested at 9% return over 20 years $196,966, over 30 years $524,784. Now that is probably lunch money to some well off fans, but for hard working middle class average Jets fans like me, like Chris Rock would say "Good Lord that's alot of money" (for alot of pain)... I for one will never pay over $100 for a ticket except the playoffs, but those tend to be few and far between, I have a friend who has 6 season tickets, I pick and choose what games I would like to go or I go to other friends tailgate and go out and find a single ticket that someone would like to sell to a respectable not overly intoxicated fan and go see the game I want and meet some new fans in the process. It works for me and maybe one day when I retire you won't find me on a park bench feeding pigeons talking about the Monday Night Miracle.
Very well thought out and presented, but I have one question... Where are you getting a guaranteed NINE PERCENT return over 20 or 30 years?
Thanks kindly for the compliment CT, of course it is hypothetical since nothing in life is guaranteed:up:
Far from guaranteed, of course, but the historic annual return on the stock market has been about 10% for a long time. This assumes a buy-and-hold strategy, as the return if you take out the biggest few return days each year the return plunges to less than half of that - which is why trying to time the market is generally a bad idea.
I wonder if the increase in parking is part of the revenue sharing. I could see parking receipts not being included in sharing, and the 40% increase will all go to Snyders pockets.
Most people invest in their 401(k) and IRA. The typical return in an 401(k) is about 6.5%. It is doubtful that these people will see an average return of 9%. Not that 9% is a bad assumption for those who actually invest, just not a good assumption for the average person.
The same place he got a price tag of $175 for the Redskin tickets. He pulled it out of his foolish arse.
You already litter everywhere. Come on!! Your shear presence in the parking lot is litter itself :wink: .