Journey screenprint by JC Richards

[amb6883]

Originally Posted by Romeo

I wish I could be there, though being over 3,000mi away does create a small problem. That is horrible for you to wait that long to get nothing out of it.

When I was browsing ebay to see if any imbecile listed one of the gallery paintings yet, I came upon listings for signed CEs. That is definitely despicable. I wish Nucleus had people sign some sort of waiver stating they can't re-sell things, or at least within a set amount of time, such as a year.

If you can't tell, I loathe flippers. They're the lowest of the low.

Signing a waiver? That's idiotic.

Originally Posted by canuckcollector

Well, someone's already flipping.

http://www.ebay.ca/itm/JC-Richard-Jo...ffec704&_uhb=1

There will be more I'm sure and I'm probably going to have to end up buying one for more than cost, oh well (though I'll probably try trading first).

[Romeo]

Originally Posted by amb6883

Signing a waiver? That's idiotic.


There will be more I'm sure and I'm probably going to have to end up buying one for more than cost, oh well (though I'll probably try trading first).

So you support flipping? Yes, a waiver. Collectibles are not meant to be resold, they're for the fans.

I would never support a lowlife flipper even for a piece of desperate for. Doing so just gives them ammo to do it again.

[amb6883]

Originally Posted by Romeo

So you support flipping? Yes, a waiver. Collectibles are not meant to be resold, they're for the fans.

I would never support a lowlife flipper even for a piece of desperate for. Doing so just gives them ammo to do it again.

I am indifferent to flippers and accept they exist now and don't bitch about it.

If companies really cared about things only going to the fans they would not make limited editions or in the case of Nucleus signing only sign 200 games.

Why do you even go on Ebay?

Originally Posted by Dan

that's how it works when buying a house.

you must keep it for a minimum of a 2-5 years before selling it otherwise there's a fee you must pay. (this is made to prevent people from flipping homes and making large amount of money)

capital gain fee my friend...

People flip houses.

[Dan]

Originally Posted by amb6883

People flip houses.

They do, but not without paying a 30% fee of the earnings. Unless they wait the 5 year wait period

[blingaling]

Originally Posted by Dan

They do, but not without paying a 30% fee of the earnings. Unless they wait the 5 year wait period

Again, not true in the slightest.

[Dan]

Originally Posted by blingaling

Again, not true in the slightest.

dude...

http://en.wikipedia.org/wiki/Capital..._United_States


Primary residence

Percent of personal income from capital gains and dividends for different income groups (2006).




Under 26 U.S.C. §121[20] an individual can exclude, from his or her gross income, up to $250,000 ($500,000 for a married couple filing jointly) of capital gains on the sale of real property if the owner used it as primary residence for two of the five years before the date of sale. The two years of residency do not have to be continuous. An individual may meet the ownership and use tests during different 2-year periods. Both tests must be satisfied during the 5-year period ending on the date of the sale

[blingaling]

Originally Posted by Dan

dude...

http://en.wikipedia.org/wiki/Capital..._United_States


Primary residence

Percent of personal income from capital gains and dividends for different income groups (2006).
Under 26 U.S.C. §121[20] an individual can exclude, from his or her gross income, up to $250,000 ($500,000 for a married couple filing jointly) of capital gains on the sale of real property if the owner used it as primary residence for two of the five years before the date of sale. The two years of residency do not have to be continuous. An individual may meet the ownership and use tests during different 2-year periods. Both tests must be satisfied during the 5-year period ending on the date of the sale

Your quotation refers to primary residence. Even after you edited it, still only applicable to primary residence. Even if those same rules applied (which they do not,) you would still not be assessed taxes unless your profit from the sale exceeds 250,000/500,000.

There are numerous ways around capital gains if you are running a for profit home flipping business. Of course you still pay tax, but 30% is a far cry from reality.
Google 1031 tax exchange.

edit: Also, this bickering is pointless.

[blingaling]

I can't believe I'm bothering to write this...

If you were too slow to beat the flippers to your purchase, you were probably too slow to beat the other fans.

Romeo, we get it. You are a broken record. All the internet tough guy talk in the world isn't going to change how the world works.

Retailers sell things to make money. Oh you're a fan? Who cares. There are a whole bunch of fans out there. And guess what, most of them have more money to spend than you do.
Should a retailer raise prices to insure that only "true fans" who are willing to shell out more can get any particular item? That doesn't seem to work. Take a look at all the bitching in the Irrational store thread about the prices on signed items. All of those recent signed releases are still available in the store. They don't sell on the aftermarket, so they are not selling out. As a retailer, is it not preferable to sell out your whole stock immediately? Strong aftermarket drives that.
Well then, why don't they just make more so everyone can have one? Take a look in the Bethesda thread where people are complaining about there being too many of things produced, making them less "collectible".
You want people to not be able to do what they wish with things they have purchased? Asinine.

Originally Posted by Dan

that's how it works when buying a house.

you must keep it for a minimum of a 2-5 years before selling it otherwise there's a fee you must pay. (this is made to prevent people from flipping homes and making large amount of money)

capital gain fee my friend...

Not true in the slightest.


TLDR:

Originally Posted by amb6883

I am indifferent to flippers and accept they exist now and don't bitch about it.

[Dan]

Originally Posted by amb6883

Signing a waiver? That's idiotic.

that's how it works when buying a house.

you must keep it for a minimum of a 2-5 years before selling it otherwise there's a fee you must pay. (this is made to prevent people from flipping homes and making large amount of money)

capital gain fee my friend...