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September 5th, 2008

Just Got To Have Them



There are certain non-essential items Americans have and will continue to buy during these tough economic times, even though these items always seem to go up in price at least every year, and are hardly considered necessities — but that I suppose all depends on who you ask.

Candy, cigarettes, and alcohol — all “non-necessity” items, (again, depends on who you’re talking to) all products that tend to ride the inflation train, all still top sellers among consumers. I guess there are certain things many of us can’t live with out.

But what about football tickets? Last night marked the official start of the NFL season, the time of year when millions of Americans designate large portions of their hard-earned paychecks to witness in person “America’s favorite game.”

As a kid, going to a football was never in the realm of possibility — the tickets were too expensive. Bad news, it has only gotten worse:

The average price of an NFL ticket is up 7.9 percent, while the cost of an outing for a family of four has risen almost as much, according to an annual study prepared by Team Marketing Report (TMR) in Northbrook, Illinois.

For the fourth consecutive year, the average ticket price for an NFL game rose about $5, increasing to $72.20, according to TMR, which compiles ticket data on all the major North American sports leagues.

The cost of taking a family of four to an NFL game rose 6.9 percent to $395.70.

Call me crazy, but if you just got to see your favorite team live in person, it may be in your best interest for your team not to do so well. The better the team, the heavier the price. But then perhaps a true fan can’t put a price on a memorable experience, or better yet, a win.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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