Superman Comic Saves Family Home From Foreclosure

A couple's home was saved from foreclosure after they found a copy of Action Comics #1 in a box in the basement. From the article: "In a statement released through ComicConnect, the owner of the prized comic book said the family was still 'a little shell shocked' after the unexpected find. 'I was so nervous when I realized what it was worth,' the owner said. 'I know I am very fortunate but I will be greatly relieved when this book finds a new home.'"

Comments

Worth

[gatzby3jr]

From the article:

It could fetch upwards of $250,000

Re:Worth

[Anonymous Coward]

Finally! Thank you! I _never_ read TFA's, so here I sat, furiously reloading this page & quickly skimming it whilst screaming "what's it worth?! what's it fscking worth?! ARRRRRRRRG!" But everything is ok now

Faster than a speeding

[Jarkov]

Now where was Superman when all my stocks nosedived?

Superman saves family ...

[perpenso]

I'm surprised the article has the more accurate title:

"Superman Comic Saves Family Home From Foreclosure"

rather than the more sensationalist:

"Superman Saves Family"

;-)

Re:Superman saves family ...

[oodaloop]

How is "Superman Saves Family" sensationalist? He does that so much it's not even newsworthy, like the shuttle launch or another year that' s not the year of the Linux desktop.

they have owned the home since the 50's

[alen]

article says they have owned the home since the 1950's. means they probably refinanced a few years ago to "liberate the equity" or "put the equity to work". i bet they will lose the home some day.

Re:they have owned the home since the 50's

[ptbarnett]

means they probably refinanced a few years ago to "liberate the equity" or "put the equity to work".

An article I read yesterday said that they took out a home equity loan to finance a small business startup -- which subsequently failed.

I don't know any of the details about the failed business, but even in the best of economic climates, the odds are against you.

Re:they have owned the home since the 50's

[geekoid]

yes, because no one has any legitimate need to do that, like sending someone to college, or stating a business.

Twit.

They still have a mortgage?

[1000101]

FTFA: "painful task of packing up a home that had been in the family since at least the 1950s"

What kind of mortgage do these people have where they are still paying it off after ~60 years?

Re:They still have a mortgage?

[makomk]

Read the first page of TFA. "The couple had recently taken out a second mortgage on their home to start a new business, which failed in the uncertain economy."

Superman lives in a basement?

[PolygamousRanchKid]

I thought only nerds did that . . . ?

let me see....

[tverbeek]

I have a copy of the "Death of Superman" comic from 1992 around here somewhere. I'm gonna buy a house with it!

Most people I tell this to don't believe it....

[mark-t]

... you probably won't either. That's okay, I'm used to it.

When I was a lot younger... I think I was around 7, I had come to acquire an absolutely huge pile of old comic books that a friend of my dad's gave to me. One of these comics turned out to be an Action #1 comic. It was dog-eared, definitely a very used comic book, but still intact and very readable. The only character in the comic that I recognized was Superman... the others were completely unknown to me (I can't even remember who they were). Owing to the fact that the superman story in it ended in a cliffhanger (superman apparently couldn't yet fly in the story, and was falling from a great height while carrying some guy), and the fact that I didn't know any of the other characters in the comic, I had thought relatively little of this comic, other than to notice that it was #1 issue, which with my limited knowledge of comics at the time I knew could be worth a bit more than the cover price (10c, if I remember correctly).

Being the young entrepreneur that I was, I held a miniature yard sale at the back of my parents' place, unloading the comics that I did not want. As I said, I saw that this comic was a #1, so I priced it higher than the cover price - at 50 cents, five times the cover price.

It sold, along with quite a few of the other comics that I had, and I never thought of it again until I was in my teens, when I saw a reprint of a portion of the comic (just the superman story) and an article that explained how rare the original actually was. Seeing this triggered my memory of the comic that I had let go for only half a dollar in the early 1970's, and I've had to live with knowing what an imbecile I was ever since. I can easily say I didn't know better at the time, but in actuality, I always think that I _should_ have. I wasn't a stupid kid... well, maybe I was, but I was bright enough to know that I probably should have talked to an adult before selling those comics.

Anyways... that's my anecdote about this comic... and one of those "if I had only known then what I know now" type of regrets.

Well then.

[Spewns]

I figured someone should point out how messed up the world is that a family's house not being foreclosed rests on some extremely bored rich guy with way too much money flushing $250,000+ down the toilet on trite, stupid shit like a comic book. I think this whole capitalism thing is being filmed. It's like The Truman Show. Except it's a very black comedy.

Re:Where did you get your information?

[mcvos]

It's not purely gambling. It's also a bit of pyramid scheme. As long as people keep putting more money into the stock market, stocks go up (to unreasonable heights), and when they get out because they need the money for something else, the whole thing collapses like a house of cards. First one to get in and the first one to get out win. Others lose.

Re:This is a commentary...

[onkelonkel]

I see. So this comic book clearly has "real value" since the family was able to trade it for shelter.