Is there life after the Baby Boomers are gone.??????

[dlagrua]

BY all counts the market has and will continue to decline . A new but much smaller generation of collectors will follow in our footsteps .The generation that buys the trains is aging, retiring, relocating and going to their rest. DUring the next 10 years a large amount of trtains will be put on the market becuaue of the changing demographic. More trains and as smaller amount of buyers equates to lower and more sensible prices.

[Dave Farquhar]

QUOTE: Originally posted by 3railguy
It makes me wonder if people are spending too much of their nest egg on trains and worry the bottom will fall out of them.

That really concerns me. I see people come in to the local train store, lay down a few grand for a basement empire, then something happens and they have to sell it all back, at a loss of course. People overextending themselves (and not just on train purchases) isn't good for the hobby, their mental and emotional health, their families, or anyone for that matter.

The Rockefeller Rule of giving away 10% of your income, saving 10%, and then using the remaining 80% for living and leisure expenses would do us an awful lot of good.

On the plus side, trains do retain more of their value than a lot of leisure pursuits, such as CDs, DVDs, and video games. (On average.) But they should be treated like that, not like stocks and bonds.