Don...I don't want to get technical on you, but 10yr treasury rates are 2.66%. This gives you a window into what interest rates will look like in 10yrs...It's a far cry from 8%...especially since banks now loan money to each other at .25%. But I don't want to argue about this, my point was that Woody isn't the greatest guy in the world for offering "options". You can borrow up to $417,000 below 5% now on your mortgage...why do I have to pay 8% for his seats if I don't have $20-40k right now??
no. I don't want free financing. I want a reasonable rate when Woody is raping the fans anyway. 8 is way too high
Stupid question: Does anyone know what the Giants are offering for PSL terms? It could just be a public relations nightmare if the Giants are financing at 5% and the Jets are at 8%. That would be enough to make me fly over the edge, if I were a season ticket holder. I checked quickly, but couldn't find anything.
LOL, you seem to think I embrace communism. The "market" consists of any entity that will buy tickets, whether it is a company or an individual. The market is the market, period, and whatever the market will bear will dictate prices. The Jets could care less who buys the PSL's, as long as someone or something will. I embrace capitalism, but along with the Hoovers and Teddy Roosevelts also know that capitatists need to be regulated. I don't think you understand Hoover's sentiments. He did not condemn the system, he was saying it needed regulation. All of the deregulation that was driven and removed by Bush's administration in his first year in office led to the economic disaster we face now. Rememeber how Cheney refused to disclose what went on in the Enron meetings he held as an ex member of the board of directors? And what happened after that? The wolf was guarding the hen house. LOL, even the banking bail out money was doled out without regulatory gudelines, nevermind any continuing oversight. For the average Joe, he will need to know someone... someone who can hand out those corporate tix for a game, or pay through the nose. It isn't fair, but life is not fair to quote another past president. I suppose this is a bit of a tangent, but PSL's are part of sports now, so the lines get blurred.
