Peak Reddit: completely ignores my comments twice about businesses based on nostalgia probably not being a great investment long term because “I love The Goonies”. You’re the one who responded to my comment calling it a “weird take” so I further explained it. If you didn’t want a response why comment?

As I’ve commented to others look at the declining fan base of Elvis over the last 20 years. Even better look at the state of the House of Cash while Johnny Cash was still alive. The article implies the premium is due to its association with the movie. It doesn’t mention how much the premium is compared to other nearby houses. That said a huge difference exist between paying a premium for something because you want it and paying a premium because you intend to make money on it.

There is a huge difference between criticizing a investment versus hoping it fails. I don’t think criticizing an investment is a bad thing. I don’t deny the size of millennials but I question if enough will actually be willing to spend money on it to justify the purchase. I mean if they rent out the house at the AVG Airbnb rate of $137 a night, manage to be booked every single night and have zero operating expenses it’ll still take over 30 years to just recoup what they paid.

As an investment I just don’t see this being worth it when you’d have better ways to invest your money over the same time period. This is also an investment against the clock since as time passes it’ll become just another house in an old movie.

Please see my other response to another user. I’ve listened to Elvis music before that doesn’t mean I’m gonna spend money on things associated with him and the decline in impersonators clearly shows a decline in his fan base as time goes on. The house clearly was bought as an investment and questioning the long term sustainability of the fan base for a nearly 40 year old movie as the basis of an investment is a fair point

While I haven’t seen it I’m not sure it’s fair to compare The Goonies and The godfather. Either way your comment is missing the point. The article seem to imply that the premium for the house is in part due to its association with the movie.

I understand people have nostalgia for things but that doesn’t translate into something being a slam dunk investment worthy of the price. A good example of this is would be the decline of Elvis impersonators over the last 20 years. Clearly as time has gone his fan base has decreased. This movie is like Elvis. Just because you’ve heard the music doesn’t mean you’re enough of a fan who is willing to spend money on things associated with it. Everyone who doesn’t think fan bases shrink is in denial.

What people are missing though is that today a lot of content exist for kids to watch. I find it doubtful in the future they’ll be nostalgic over the same thing their parents were. I can’t imagine more relatable shows/movies don’t exist for kids today and the world they live in now than a movie that’s 10-15 years older than their parents

I just don’t see this as a solid long term investment. I mean the movie is nearly 40 years old and I doubt the fan base is growing. It came out l a decade and a half before I was born and I’ve never seen it and I can’t imagine many younger than myself have either.

That commute is pretty average for someone in PA. I mean people choose where they live. How exactly would you realistically get people back to “pre-war living patterns”