Cody, first we are trapped by market forces. Not unalike the car-business, you suffer a huge writeoff percentage as soon as you carry (drive) off your jewel from the seller's premises. The second trap is indeed psychological, I think, once we are bitten by the update-bug, which can become a true addiction, as improvements become incremently smaller and prices get higher and higher. Addictions cannot be justified, they can only be rationalised.....and they are difficult to stop.
Does it hurt when you sell at a loss?
I've been into this audio hobby for 30 years, and I am afraid to actually tally up the money I have spent, as well as the money I have lost when I have either sold or traded in equipment. I'm sure there are other hobbies and habits that can cost quite a bit, but I have to wonder, when I see a Linn CD12 up for sale for 11k, does the original owner actually lose 9k in the process. How does everyone justify this behavior, or are we trapped psychologically somehow?
Thanks I would appreciate some feedback.
Thanks I would appreciate some feedback.