What's going on with the used audio gear market?


OK, maybe I am unrealistic but I've bought and sold audio gear for the past 25 years off and on for my personal use  as I change out or upgrade.  It seems that a reasonable expectation is around 50% of MSRP or somewhere close. That has been what I've always sold for and bought for. Now I see stuff priced at 80-90% of MSRP. I am talking about things that are not really statement products and can be a few years old and they want 80%.  I just don't get it, this stuff for the most part depreciates rather quickly due to the advancement of technology. Is this a hold over from the Covid Inflation effect on supply and demand? I guess that supply and demand will eventually sort it out. 

128x128fthompson251

Showing 2 responses by bassdude

 

...@alwynlarryv

...is correct... I just sold my 2013 Corvette Grand Sport, which sold for almost the amount I paid for it in 2015 - I could have sold it for $2-3K more than I paid for it... IF... I had been willing to go through the hassle of selling it at current retail.  

Any time we have a government willing to spend trillions more than the economy is producing, and a federal reserve printing more money than the economy is producing - we will have rampant inflation, which is what is driving prices of everything "through the roof." 

We can't give people more money than the goods and services they produce, or the demand will always be greater than the volume of goods and services produced - and the prices of goods and services will be bid up by the people with more money than they've actually earned through their production. 

With the government's and dock worker union's ignorant restrictions in the supply chains limiting supply of almost everything, coupled with millions of consumers producing nothing, but living off those that produce - we will continue to have rampant inflation.

It's not the "greedy" wholesalers / retailers - it's the fools in our governments who are too poorly educated and informed to understand real economics.

 

 

...@ghasley

"Respectfully" - you are one of those who is poorly educated and do not understand real economics.

Wealth (money) is produced by any individual who "creates" value in the form of a good, or a service, that he personally produces, for which someone else is willing to compensate him. There is no other form of wealth (money). One who does not produce such a good or service - has no wealth (money) - with which to purchase anything. Currency is only a means of exchange of such wealth (money), between a buyer and seller. If currency is produced in excess of the value of all such goods and services produced by such producing individuals - it creates and is INFLATION - because it permits prices to be bid up beyond the supply of goods and services produced!  It’s just that simple.

May I suggest you educate yourself.

https://www.google.com/search?q=milton+friedman+books&rlz=1C1JZAP_enUS986US986&oq=milton+freedman&aqs=chrome.4.69i57j46i10i433j0i10j0i10i131i433j0i10l4j46i10.8696j0j7&sourceid=chrome&ie=UTF-8