Health & Fitness
Discounts: NBA Playoff Tickets and Real Estate Are Just Markets Like Every Other! (Charts)
The secondary market for NBA Playoff tickets is no different than the market for homes in that sellers can ask whatever they want but it's the buyers who ultimately decide what something is worth.
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.
Find out what's happening in Syossetwith free, real-time updates from Patch.
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.
Find out what's happening in Syossetwith free, real-time updates from Patch.
If the charts don't load correctly they can be viewed here.
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