^^agree with Champ.... you don't have to purchase gap insurance. It may be wise to do so, but you don't have to.
the thing about economy is that it is going to bounce back in 3-4 years time. the corporations will again start to pump money into things like football season tickets again. if i was the owner, i would wait out this economic slowdown instead of taking a hit now by reducing the prices.
Dealers will sell you the Brooklyn Bridge if you're dumb enough to buy it. The mandating of gap insurance usually occurs when you LEASE a new car, because the dealer is more on the hook. Should you make only three lease payments and decide you don't want to pay for the car anymore, the dealer is the one who's "upside down," as they say in the car business. But I'm not sure any of this is similar in many ways to much of any business practices that the public is familiar with. It's akin to a cab driver wanting you to help him buy the cab and in so doing, giving you "rights" to then buy a cab ride. Or a restaurantuer who buys a new pizza oven and charges you $1,000 to help pay for it and then and only then do you have the privelige of buying an occasional pizza from him. If this thing weren't so pitiful it would be hilarious. It's got to be one of the biggest scams you've ever seen, when you think about it. Bernie Maddoff is an amatuer compared to Woody Johnson.
i think it makes sense for the giant fans to treat this as an investment just 'cos of sheer supply-demand ratio. for the jet fans, not so sure.
I've considered this, I really have. I've taken a good hard look at it several times... even the financing program now in place, trying to justify it that way. I've even been asking myself, "Well, let's see... if I get the 4 seats, it would only cost me $XXX per month..." And just about the time I begin wanting to justify it, the ticket price alarm goes off in my head again and rears its ugly head. I've been on the receiving end of enormous increases in my Mezz tickets over the last 10 years (much moreso than the average % increase in the other sections). Then I ask myself, "Well, if they had the balls to dish out those kinds of huge increases without the PSL hammer over my head, what will happen after I plunk down $30,000 and I'm on the hook but good?" I'm telling you all and I know this from personal experience, there can be no way to tell what will happen to the ticket prices over the years, especially when inflation returns. The sky's the limit, because you are now on the hook but good because of your PSL "investment." Walk away from your tickets now and you lose the entire amount you paid out. This is going to have a very sad ending for some mon and pop ticketholders who buy into this shit. Bottom line... it's a sucker's game. If you're an individual (and not independently wealthy or without a good profitable, cash-cow business from which to have your accountant write this all off to "T&E" at the end of the year, you've really got to have rocks in your head "investing" one single dime in Woody's Ponzi Scheme.
Good point. My agent just told me that it is required in NJ on a lease but highly recomended on a finance. If you get into an accident without it shortly after you buy a car, you have to cover the diference in FMV. 227, you're just full of compliments all the time. Did someone kick your dog today?
Here's the way I keep thinking of this. Do i like the fact i am going to pay $10K for my seats, no. But someone will pay it and i will be sitting at home watching. Is it worth $10K to me to be in the stadium every game in my own seats, yes it is. To me it's worth it. Especially come playoff time. The seats will sell and there is nothing any of us can do about it if we want to be at the games. It's either pay it or you won't be there.
The reason they want to jamb it down your throat is not because of the possibility of an accident. If you have an accident, that's what you have insurance for. It's more to cover the "gap" between what the car is worth and what you owe. If you lease a car, it is usually without a sizable downpayment (or without one completely). So, you're driving off the lot with a car that you just leased with no money down and with a cap cost of $30,000, but it becomes worth $22,000 the moment it hits your driveway. If you then default, they are stuck for $8,000. If you total it in an accident, most responsible insurance companies will pay the financing instution a price that's closer to the original cap cost. So it's all about protecting the dealer's (or lending institution's) interests more than the buyer, but of, course, they don't portray it to you that way. "You need this, JetsFan2004, because you don't want to be responsible for the gap, do you?" The reality is, the dealer or lender doesn't want to incur the legal costs involved in compelling you to make up the difference, so it's a lot easier for them to tack on "Gap Insurance" in your payment. It can also be a secondary source pf income for them too, as the policy might only cost the dealer $120 and he can sell it to you for whatever he thinks the market will bear. "It's only $10 a month on your 48-month lease, JetsFan2004. That's cheap protection."
Exactly...and I'm sure there will be someone very nice that ends up in 227's seats...and we can always look up towards the nosebleeds when we want to see 227.
I paid $400,000 for my PSL's.....my living room.....but as it was posted here already "to each their own" enjoy the season everyone!!
i received my $600 back from the playoff money yesterday. coincidence i also received a big yellow envelope from the New York Jets. i forgot to open it b/c i was putting an elliptical machice together for 2 and a half hours while watching the Knicks game.
The distribution system or plan as the Jets have theirs set up really does heavily reward those with seniority. So for that much, I'm thankful. In other words, if you've had your tickets for a very long time, you truly get the best of both worlds. Without paying a dime for PSLs, you get the early dibs on the second go-around, that of the Upper Tier seats, in the order in which your seniority falls. You've got a pretty decent chance of getting some good seats close to the rail. So, in essence, you can "trade off" your seniority for money and a good seat. Seniority has a value... and in this case, pretty much a monetary one. You get a decent seat without becoming Woody's lifelong indentured servant. They raise the ticket prices unreasonably, you walk away. And you've pocketed the $30 Large to put your grandkids through college on. And the prices of the seats are less too, so it's a win-win for me all the way around (and for anyone else that's had their seats for a very long time). In fact, the more I think of it, I probably shouldn't be complaining at all. In the future I'll have the luxury of sitting back and listening to Gator and JetsFan2004 whine incessantly about how their ticket prices have gone through the roof and they can't do anything about it because they've already shelled out their PSLs now and how could Woody do this and he doesn't have a heart for us fans and ...... and....
So 227, you're not even going to consider a non-PSL? Or at least the $4 - $5K ones? It would be a shame if the majority of current ticket holders did not renew. I know we're priced out of the best seats, but it's still our stadium and the best in the league (we hope).
Nope. You won't hear from me. I don't bitch about things i have no control over. I think about it for maybe a half a second and then make a decision. Done.
Well I have UD season tix now & have had them since 65 & I have not the slightest intention to give Woody one penny for a PSL so I will opt again to stay in the UD with the "regular" guys
By "non-PSL" I guess you are referring to the PSL-free Uppers, because that's the only section that I know of that doesn't have a PSL. Yes, that's where I think I'm going. I've been trying my damndest to justify paying ANY PSL anywhere. The $4-5K ones are tempting, but the thing that keeps haunting me is the ticket prices. It just makes no sense to me to lay out that kind of money. In my case, it makes more sense to use my seniority as a bargaining tool, not that there's any bargaining involved, mind you, but you get my drift. I can use my seniority to get a very decent seat in the Uppers (4 of them) without spending a dime. I've already sent in the transfer of ownership form from myself to my son. He will be taking over my seats. You only have until the end of this month to do that, so that's what I've done because, as my son says, it doesn't hurt to do it. And I've already triple-checked with the ticket office and you do not lose your seniority by transferring over to an immediate "nuclear" family mamber, as they put it on the form (strange choice of wording though). So my son will now receive the package in his name (ours will arrive the 2nd week in Feb). And we can then either jump on 4 PSLs or wait until the 2nd Round goes out on the PSL-free Uppers. But the way it looks now, I'd be foolish to not trade off my seniority to get a decent Upper seat and not have to be Woody's favorite lifelong indentured servant and perennial whipping boy. Obama has promised to do away with torture so I think he'd better have a talk with Woody Johnson about it too. Nobody is gonna be in a position to torture people more than Woody Johnson will be, once the PSL money is in and he can then fuck with your ticket prices unmercifully.
Champ - You will not be up there with the regular guys. That is the point. You have endured in the uppers for a long while. When PSL's take place, you will be sitting in the uppers with people like 227 who didn't want to pay for the PSL and have been "forced" to move into the uppers. I feel as if there are going to be alot of angry, long time ticket holders in the uppers in 2010. Listen, like it was posted earlier, to each their own.
