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Once I got started, I made the "average guy" club at $5,500 a year. Pulled back this year as getting ready to enter either full retirement or semi-retirement with 15-20 hours panhandling depending on the stock market. Set a 2022 budget of $1,500 this year and with all the daily product announcements, so tempted to blow through that number. Steady as she goes for now.

The upside to slowing down on buying is enjoying what I have and the challenge of being more selective is satisfying. Like stopping at 3 beers, okay 4, instead of crushing the 6-pack.

Lucky to have what I have. Thankful, too.

@Mooner  same here - kind of went crazy acquiring stuff for the layout. In my case I am planning to leave my current job and retire in the Dec - Jan time frame. So right now I am trying to pick up my last "want to have's" prior to retiring when we will watch our spend pennies for a year or so to see where we are.  The upcoming Stout auction may be quite expensive for me - I hope not. But it will. My biggest purchase so far has been the new MTH BigBoy ~1700. I had bought the RailKing version and was really disappointed in its lack of presence on the layout compared to my scale SP GS4 Southern Pacific. That was an expensive mistake, now with a new happy owner.

I've been able to keep total cost down by buying mostly used. So I am well under the $5k average over the past 4 years. But if  @Berwyns Toys and Trains keeps coming up with "gotta have's" who can tell????  Gotta have the Jays and Marshall Fields Pups.   

My biggest challenge is not buying the older 3rd Rail steamers now coming on the used market. Why did Pennsylvania and NYC have to be so innovative on their steam engine designs??? I don't model the east coast.

I am currently waiting for the MTH PRR K4’s to arrive both the Tuscan and DGLE, just preordered a second Z4000 and the MTH Aliquippa switcher that is due later this year. Also looking for an MTH N&W Premier Class Y even talked to Rich at MTH about them possibly doing one again. He said been 20 years since they did the last one and it sounded like a good idea but did know the status of the tooling.  Hope that is all for the budget this year!!!!

Last edited by RJT
@CurtisH posted:

If as everyone says they are spending $1000 or less then the manufacturers would all be gone.

I have never spent more than $1000 in a year, no matter what phase of the layout building or collecting I was in.  No train show ever cost me more than $20 in gas, entrance, and food.

Few hobbiests can afford that kind of outlay and still put food on the table and gas in the car.   We are in the hobby to have fun, not to keep the manufacturers in business.

Frankly, if they all go under, it will affect me not at all.  I have bought nothing but Prewar SG, 8-wheel plastic Marx, and some MPC pieces in the last 8 - 10 years.  All those manufacturers are out of business, and their lot has no effect on my hobby.

For the last several years I have been hitting Mike's number however not in purchases but rather in sales.  My male  hunter - gatherer nature has been exploited in earlier years with promoted "must haves".

Having turned the corner, I have been actively selling off inventory at a heavy rate, coffins don't come big enough to take it with me.

My train level now is at a manage able level.

Once we step into eternity things will not matter.

This year I’ve spent a bit more than previous ones and depending on when the 3rd Rail SD40-2s drop, it could be a lot more.

That said, I’ve started to think about selling off certain parts of my collection, since I’ve now acquired some rare items second hand that I never thought I’d have the opportunity to own.

I have a few locomotives (besides the 3rd Rail ones) pre-ordered, but after those, my list will be pretty complete and I don’t plan on  buying much more in that regard. Never say never I guess, but I will likely sell off items before I’d get any more.

The same goes for rolling stock.

Most of my spending henceforth will be on lumber, scenic materials, ballast, track, paint, and supplies. Oh, and decorations for the train room.

@Tom Tee posted:

For the last several years I have been hitting Mike's number however not in purchases but rather in sales.  My male  hunter - gatherer nature has been exploited in earlier years with promoted "must haves".

Having turned the corner, I have been actively selling off inventory at a heavy rate, coffins don't come big enough to take it with me.

My train level now is at a manage able level.

Once we step into eternity things will not matter.

Great post, Tom Tee. Good perspective and an interesting reflection on how our personality can change over a lifetime. Hunter to something less ferocious. Funny, just today I was talking to my brother about wanting to a gentler soul in retirement.  Probably tracks with a reduction in testosterone, but hoping it just has to do with wisdom.

@Tom Tee posted:

For the last several years I have been hitting Mike's number however not in purchases but rather in sales.  My male  hunter - gatherer nature has been exploited in earlier years with promoted "must haves".

Having turned the corner, I have been actively selling off inventory at a heavy rate, coffins don't come big enough to take it with me.

My train level now is at a manage able level.

Once we step into eternity things will not matter.

Tom,

I think you hit on something important.  The Train Collector's life is like a bell curve (pun intended, with a quilling whistle, too).  You keep building and acquiring until you hit that peak and then you begin to sell off.  At 59, I see that peak coming, but I'm still hunting and gathering.    Just not sure when that peak will hit, nor not sure if I'll acknowledge it when it's knocking at my door.

No, you can't fill your coffin.  You either leave behind a bunch of trains for your heirs to sell or you cash in, downsize, and maximize the value of your collection while you're still above ground.  And maybe even keep enough to still enjoy your hobby.  Either choice isn't horrible.   

As Leapin' Larry would say, Happy Railroading

Mike

@Bill Webb posted:

A lot less than we used to spend on the boat.

Wow Bill,

You brought back memories.  After having quit APBA powerboat racing and getting rebit by the train bug I had a pleasant surprise.

Powerboat racing can cause engine replacements on a monthly basis.

At my first train show looking to purchase my first engine which was to be an impressive articulated steam engine a kindly old man (he was my present age) leaned over and quietly said to me that "Those locomotives typically need new motors".

I froze in place!

Following up with a question, I inquired "How much are these replacement engines?"  To which he responded, "Oh these can run $25. or more" (circa 1995).

I immediately laughed out loud and paid the seller.  $25. would not even pay for the gaskets of our powerboat's 7 liter race engines!

Annual powerboat racing expense could easily edge into 6 figures in the 70's and 80's

Last edited by Tom Tee
@Bill Webb posted:

A lot less than we used to spend on the boat.

Yeah, it’s a bit insulting sometimes when people talk about the money I’ve spent on my collection, which is a fraction of what I know my friends have spent on fixing up cars that just rust away … or boats, or quads, jet skis, etc.

This is especially true since I drive a 10 year old Jeep (which has been paid off for 6 years and is worth triple what other cars are from that time frame, and my wife drives a 11 year old Toyota. While the have a Lexuses, Bimmers, vettes, and other “high-end” cars that they replace every few years.

There’s no keeping up with the Joneses, or explaining to someone else why you like a given hobby.

Last edited by rplst8

@MainLine Steam  and all -  My experience with the hobby tracks with Mainline, bought all used to start to "keep costs down".  As much as I dislike the Bay, without that outlet I would never have been able to sell off the trains I decided not to keep. Started with semi-scale in line with what I was used to have and then discovered scale 3R. That was it, nearly all semi stuff was sold off and I was able to break even on those mistakes. Never thought I would have spent as much as I have to date, but still far less than other hobbies such as golf, cars or boats. If MTH had not announced their closing, I may have bought fewer new engines but am not disappointed in those purchases.

@Tom Tee and others pose an interesting question about selling the collection off. At what point does the collection get so small that it no longer brings you joy nor provides the opportunity to share that with others?  While my 35 engines / trolleys may be a bit too much, as long as I am drawing a breath, I'll keep the things that bring joy and that can be a shared experience.    Jeff

@Tom Tee posted:

For the last several years I have been hitting Mike's number however not in purchases but rather in sales.

Same, although I've never hit that number in purchases.  Last 4-6 years I have focused on selling and little on buying other than to detail parts and bits to complete and sell more.

I'll have a table full of cars and kits at Strasburg on the 6th next month and again in Oct.

Hobbies do not have to be expensive.  Making them expensive is a choice of the individual.   My wife and I got introduced to buying used at garage sales and thrifts when bought our first home.  It did not hurt that we both appreciated real wood and antique furniture.  I bought two new cars when I was single and used vehicles since and new cars depreciate more than most items.

Some have said boating and golf are expensive.  I bought a 13 year old 18 ft inboard/outboard with trailer for $800 from a news paper ad in 1980 and sold it for $700 in 2015 and used it for 35 years.  I play golf weekly, walking 9 holes at historic municipal 9 hole coarse for $10 and have $600 professional (Ping, Titlist, Adams) golf clubs from garage sales and thief stores for $30 a set or less.

My vintage audio gear (1970s) is worth a few thousand of dollars more than I paid for it in the 2000s and fixable as they have discrete transistors.  I chose postwar era trains in 1976 when I started and they were about the only ones available.  By staying with them my costs are lower than what I can sell them for.  In all the above cases, lower costs can be had if one buys older, depreciated gear verses the newest, greatest full price new stuff.

Life requires compromises.  In my case, much of the older stuff is made in the USA, of great quality, self repairable and available.  If I were wanting a new $2000 fancy model train engine, I  would think I could buy two new LCD 65 inch flat screen TVs, for that money.  I am using a free 55 inch LCD TV, from a neighbors garbage at the street, in my train room.  It ran great for 2 years and then needed a $140 power board 3 years ago.

I am not encouraging others to buy older and less expensive stuff as that would give me more competition and raise their prices but there are options besides buying new.

Charlie

Last edited by Choo Choo Charlie
@Bruce Brown posted:

Brilliant and timely publisher suggestion into this thread! ....as we all have been openly disclosing our 4-figure train purchasing budgets and, for some, unable to afford a magazine subscription (at a fraction of our budgets.)

Don't know how "brilliant" but I have to admit, it is always a timely suggestion that folks should subscribe AND also consider a Supporting Membership.  I think an awful lot of folks simply don't understand how much this forum has grown and how much it takes to operate.  Unlike other social media platforms, they sell advertising that is all over your viewing experience.  Commercials in the middle of threads, videos, etc.  We don't do that however we may have to do so.  We appreciate your contributions to threads, etc. but if you want the OGR forum to host those contributions, it costs money.  Hey, I assure you guys, the small crew here at OGR is not getting wealthy.  Thank goodness most of us had well paying careers and this is our true love.

I am (was?) a "car guy" in addition to liking model trains.  As has been cited the cost of one nice Muscle Car far exceeds what I will probably ever spend in total on Model Trains.  Not to mention the insurance, gas, maintenance, storage, etc.

During my time between HO and 3R I dabbled in R/C Planes.  I only played with beginner foam park flyers.

I found out that even with experienced pilots the attitude HAS TO BE at some point you WILL Crash the plane.  The cost of a high end plane can make a third rail Passenger consist with locos look like peanuts.  Just for the heck of it look up a YouTube video on a REAL JET powered R/C plane.  I am not talking the foam airplanes with ducted fan electric motors.  These are powered by miniature gas turbine engines, they are real jets!  Engines alone are $5K and up.  The airframes are made of carbon fiber.  So you have to plan at some point, slamming into the ground at 150+ mph.  Hopefully no one gets injured when it happens.

ScoutingDad - You must be my long lost younger brother.

Marty Track - Darn You.  Now I HAVE to buy one of those NYC Tugs.  Is the Bridge shown in the second photo scratch built?  Does it actually open?  Please give some details on it.  Thanks!

Ok @MainLine Steam  Maybe - I did have a Cox Stuka for a very short period of time. I could never get the darn glow plug right and only once got the prop going. Well the plane took off made 3/4 of a turn on the fly by wire handle and promptly took a nose dive into the parking lot pavement.  I think we donated the engine onto an erector set prop car.  That went like heck until it crashed into something - it was a BIG parking lot.  Funny I was thinking the same thing about @marty track 's tug. At some point I plan a small container terminal - that would look great dockside.   more dollars winging away.

Sorry off topic but gotta respond!

Scouting Dad - This is getting scary.  I too had a Cox Stuka, the engine survived (all crashes), I think I glued plane back together 3 times.  Think went to the LHS and got a replacement prop or 2.  The 4th crash killed it for good, hey it was a dive bomber!  The way I finally learned to fly was went to the LHS they had a C/L solid balsa trainer kit.  I had to build it and paint it with about 8 Coats of Testor's Dope.  Also was instructed to wait for a calm day.  Set control horns to minimize movement.  I finally soloed.  Believe it or not, never crashed it.

Marty Track - If I thought I could afford it, would ask here on the Forum to buy one.  Someone probably has one laying around they never installed.  But I know it is out of my price range.  Your Layout is absolutely Stunning!  You rightfully should be very proud of what you have created.  Kudos to you.

If you can factor in the cost of going to York, ( hotel, food, gas and tolls ) then I easily break the mark.  However I am able to ease my conscience by balancing my spending on trains and my charitable contributions to worthy organizations.  The more I spend on trains, the more I give, it’s a win win situation for everyone.

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