As note investors we collect notes nationwide. As a boy my father taught me how to collect postage stamps. Now he worked for the post office so I had a slight advantage over the other stamp collecting kids.
When I would stay home from school sick I would spread out my collection and look and read all of the stamps and see how much they were “worth” using a catalog that was purposely falsely over inflated to drive the market up, we all knew it but needed something to reference value vs scarcity.
That catalog taught me alot about portfolio values and market pricing and more important market enthusiasm.
Here I am all those years later collecting non performing mortgage notes nationwide just like stamps, the similarities are identical.
I am looking for the best pricing from a “stupid” source. A source that does not know the market as well as I do