Discounts: NBA Playoff Tickets and Real Estate Are Just Markets Like Every Other! (Charts)

Discounts: NBA Playoff Tickets and Real Estate Are Just Markets Like Every Other! (Charts)

Written by Michael Haltman Posted On Saturday, 19 April 2014 07:00

From the pages of the Hallmark Abstract Service, New York website.

For all of the current NBA Playoff teams, game tickets were all priced above regular season levels and in some cases like the Toronto Raptors over 250% higher!

But, as in any marketplace, people and teams can ask whatever they want for a product that they are offering but when it comes down to actually consummating a sale the price will be wherever the market sets it. It is then up to the seller to determine whether the price is acceptable.

Real estate is another great example of this pricing mechanism, particularly in today’s market. People know what houses once sold for in the hey-day of the cycle and want those prices today.

They can choose to offer their home at those pre-financial crisis levels but it is ultimately the marketplace of buyers who will determine the value of the house.

Buyers of some NBA Playoff tickets are learning the same lesson as they try to resell them on the secondary market where they are being offered at a discount.

These charts show the details:

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Michael Haltman

Hallmark Abstract Service provides title insurance for both residential and commercial real estate transactions in New York State.

Hallmark Abstract President Michael Haltman is also extremely involved with the combat veterans 501(c)(3) Heroes To Heroes Foundation, serving as the Board Chair.

Hallmark Abstract Service

In 2008 we opened our doors focused on two primary goals:

Number one was to be a title insurance company that would provide clients with a superior finished product that completely protects their interests for what will likely be one of the largest transactions of their lifetime.

Number two was to insure that the experience of working with Hallmark Abstract Service was as easy and seamless as possible for all parties involved in the transaction!

From the number of satisfied clients who come back to Hallmark Abstract Service time after time for their title insurance needs, the evidence bears out that we have accomplished these two goals in the past and will maintain our client centric focus far into the future!

Michael Haltman

Post 1984 MBA in Finance from the State University of New York at Albany that concentrated on the tax-exempt market, Michael became a municipal bond analyst at Shearson/Lehman Brothers tasked with following general obligation issuers on the city and state level as well as housing bonds secured by mortgage pools.

This experience at Shearson/Lehman Brothers followed by stints at PaineWebber and Citigroup provided a broad framework and understanding of the real estate and mortgage markets.

As CEO of Exeter Commercial which underwrote and funded commercial mortgage loans as a correspondent lender, title insurance played a critical role in both the underwriting and closing process.

In 2008 recognizing both an opportunity and need, Hallmark Abstract Service was born.

www.hallmarkabstractllc.com

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