Wednesday, January 29, 2020

Thank You, Federal Reserve: Super Bowl Tickets Going For as High as the $11,000 Range

Sideline tickets for Super Bowl LIV this Sunday between the San Francisco 49ers and the Kansas City Chiefs are selling in the $11,000 range on StubHub.

And I do mean, thank you Federal Reserve.

The San Francisco 49ers represent the greater Silicon Valley area, where the Fed has a direct spigot pumping money into the region. If you aren't one of the shit on the sidewalk homeless in SF, $11,000 is nothing.

And for others who aren't in the direct flow of a Fed money spigot, StubHub is going to help with that.

The ticket seller this week began offering ticket buyers the option to pay for various event tickets in monthly installments, rather than at purchase, over as long as a year.

The monthly payment option, essentially a short-term loan (indirectly the result of the Fed money pump), carries interest rates of between 10% and 30% depending on a buyer's credit score and other determinants of creditworthiness. The feature can be used to finance purchases between $99 and $17,500.

Yes, borrow the money to buy the tickets, now that is getting as close to the Fed money pump as most people are going to get.


1 comment:

  1. Tickets would be $25,000 if Brady and the Patriots were back. 🙌