Buy 'em, flip 'em, make $$$$

[AutobahnSHO]

Buying stock or a house and selling for a profit is not considered greed. Not sure why anyone would think it is greedy to buy a car and sell for profit.

I have no issues with profits. Do you like ticket scalpers?

You couldn't be more wrong. First off, what drives our economy isn't greed, it's survival and the desire to improve your lot. Neither of those are greed. Greed is excessive.

Also flippers, gougers and scalpers serve a very important and even valuable role in the economy. I knew a guy who drove a box truck from PA to VA in a raging blizzard, loaded the truck with sacks of snow melt salt and went back to PA in the blizzard to sell salt from the truck at $40 a bag. People bitched, called him a gouger but they still bought it because there was none available locally.

All he said to them was "Go rent a box truck!". There was plenty of money to be made for someone with hustle willing to risk the drive (and getting stuck with a truckload of salt). And you know what? People really, really needed that salt. His price was eminently fair.

Your carmax example just shows that what's needed is more freedom in the market, not less. They found a niche and exploited it and I can guarantee there are some greedy bastards invested in that company.

This example is not what I'm talking about. I have NO issues whatsoever of someone profiting off of providing goods or services to make money. In this example, the salt seller provided a SERVICE to others. They were not capable/willing of getting the salt themselves.

On the other hand there was a case early on during Covid where two guys got a box truck and went to all the stores in several counties and bought up ALL the supplies of hand sanitizer- hoping to sell it to people at profit. That's not right at all! They were persecuted and not only lost all their profits but either/or paid fines/ went to jail.

What service is provided by a ticket scalper? Hand sanitizer scalper? What about a Maverick scalper?

In scalping cases, they are removing products from public availability to profit off the scarcity of the product. They are not providing any value or service to the market or planet. THAT is what I have an issue with. Profit without adding value is just not right, even if it's not illegal.

I wouldn't even have an issue if someone buys a Maverick and decides after a little while they don't like it and would prefer something else- and sells it for profit. As long as the primary motivation was not "taking a Maverick out of public market to profit", I wouldn't call them greedy.

------------
And yes, although I have my "perfect world" wishes, I know the world is filled with humans. There is nothing illegal about SCALPING Mavericks- I maintain that it is immoral to do so. That one person is profiting off of other people without providing any value in return.

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[es7129]

I have no issues with profits. Do you like ticket scalpers?



This example is not what I'm talking about. I have NO issues whatsoever of someone profiting off of providing goods or services to make money. In this example, the salt seller provided a SERVICE to others. They were not capable/willing of getting the salt themselves.

On the other hand there was a case early on during Covid where two guys got a box truck and went to all the stores in several counties and bought up ALL the supplies of hand sanitizer- hoping to sell it to people at profit. That's not right at all! They were persecuted and not only lost all their profits but either/or paid fines/ went to jail.

What service is provided by a ticket scalper? Hand sanitizer scalper? What about a Maverick scalper?

In scalping cases, they are removing products from public availability to profit off the scarcity of the product. They are not providing any value or service to the market or planet. THAT is what I have an issue with. Profit without adding value is just not right, even if it's not illegal.

I wouldn't even have an issue if someone buys a Maverick and decides after a little while they don't like it and would prefer something else- and sells it for profit. As long as the primary motivation was not "taking a Maverick out of public market to profit", I wouldn't call them greedy.

------------
And yes, although I have my "perfect world" wishes, I know the world is filled with humans. There is nothing illegal about SCALPING Mavericks- I maintain that it is immoral to do so. That one person is profiting off of other people without providing any value in return.

Agreed, the intent matters in how you describe someone’s actions.

 

[Bobinmi]

I have no issues with profits. Do you like ticket scalpers?



This example is not what I'm talking about. I have NO issues whatsoever of someone profiting off of providing goods or services to make money. In this example, the salt seller provided a SERVICE to others. They were not capable/willing of getting the salt themselves.

On the other hand there was a case early on during Covid where two guys got a box truck and went to all the stores in several counties and bought up ALL the supplies of hand sanitizer- hoping to sell it to people at profit. That's not right at all! They were persecuted and not only lost all their profits but either/or paid fines/ went to jail.

What service is provided by a ticket scalper? Hand sanitizer scalper? What about a Maverick scalper?

In scalping cases, they are removing products from public availability to profit off the scarcity of the product. They are not providing any value or service to the market or planet. THAT is what I have an issue with. Profit without adding value is just not right, even if it's not illegal.

I wouldn't even have an issue if someone buys a Maverick and decides after a little while they don't like it and would prefer something else- and sells it for profit. As long as the primary motivation was not "taking a Maverick out of public market to profit", I wouldn't call them greedy.

------------
And yes, although I have my "perfect world" wishes, I know the world is filled with humans. There is nothing illegal about SCALPING Mavericks- I maintain that it is immoral to do so. That one person is profiting off of other people without providing any value in return.

Your case would hold more water....IF....and IF....a Maverick buyer bought ALL the mavericks...the case of the hand sanitizer during a pandemic, and buying a maverick to resell are NOT the same.

 

[Decayed]

I have no issues with profits. Do you like ticket scalpers?



This example is not what I'm talking about. I have NO issues whatsoever of someone profiting off of providing goods or services to make money. In this example, the salt seller provided a SERVICE to others. They were not capable/willing of getting the salt themselves.

On the other hand there was a case early on during Covid where two guys got a box truck and went to all the stores in several counties and bought up ALL the supplies of hand sanitizer- hoping to sell it to people at profit. That's not right at all! They were persecuted and not only lost all their profits but either/or paid fines/ went to jail.

What service is provided by a ticket scalper? Hand sanitizer scalper? What about a Maverick scalper?

In scalping cases, they are removing products from public availability to profit off the scarcity of the product. They are not providing any value or service to the market or planet. THAT is what I have an issue with. Profit without adding value is just not right, even if it's not illegal.

I wouldn't even have an issue if someone buys a Maverick and decides after a little while they don't like it and would prefer something else- and sells it for profit. As long as the primary motivation was not "taking a Maverick out of public market to profit", I wouldn't call them greedy.

------------
And yes, although I have my "perfect world" wishes, I know the world is filled with humans. There is nothing illegal about SCALPING Mavericks- I maintain that it is immoral to do so. That one person is profiting off of other people without providing any value in return.

The thing is nobody was forcing people to buy hand sanitizer at inflated prices. High prices serve the important purpose of forcing people to gut check whether they really need something. It prevents hoarding and preserves supply for people who really need something. High vehicle prices serve the same purpose. If you wreck your car and need a mav right f*ing now would you pay $10k over msrp? Some people would. Do you know better than the buyer whether or not it's worth the price? Hint: you do not.

Supply/demand/price are inexorably linked. Try to fix prices and supply crashes. Fix supply and prices soar - then demand crashes. You can not escape it or control it.

 

[Austun316]

I love when people call it scalping.. It's business.. Supply and demand... Market will eventually correct.

People need to get over the fact people are making money on an asset that typically depreciates the second you drive it off the lot.

It's a small cheap truck.. Not like we are talking about water.

 

[TheSEARCH]

So the "poorer guy" needs a brand new truck? The reason why most "poor" people in this country remain so is because they have this poverty mindset; make better decisions (do you really need a brand new truck?), get in the game, and be the rich person. There are pros and cons to every economic system, this is one of the "cons" to capitalism (IMO, it isn't a con, but you are welcome to your opinion). Nonetheless, it has created more wealth and brought more people out of poverty than all other economic systems combined.

When i said poor I really meant lower income that can afford a new vehicle every 10 years. The base XL fits that niche quite well. Now we have guys who can buy 4 of them doing just that screwing over the lower income people. Yes totally legal. not so in Canada though . Its not like this stuff doesn't happen all the time with corporate raiders. Doesn't mean I have to like it.

 

[AutobahnSHO]

The thing is nobody was forcing people to buy hand sanitizer at inflated prices. High prices serve the important purpose of forcing people to gut check whether they really need something. It prevents hoarding and preserves supply for people who really need something. High vehicle prices serve the same purpose. If you wreck your car and need a mav right f*ing now would you pay $10k over msrp? Some people would. Do you know better than the buyer whether or not it's worth the price? Hint: you do not.

Supply/demand/price are inexorably linked. Try to fix prices and supply crashes. Fix supply and prices soar - then demand crashes. You can not escape it or control it.

In the hand sanitizer case- yes they had to buy at inflated prices because that's all that was available.

Just like right now the only way to buy a Mav is to have lucked out and ordered last year and have a decent dealer OR pay way too much, OR pay way too much at Carvana etc... for a used one.

I have zero control over scalpers, Ford output, or dealer actions. Doesn't mean scalping just for scalping's sake is moral.

 

[AutobahnSHO]

I love when people call it scalping.. It's business.. Supply and demand... Market will eventually correct.

People need to get over the fact people are making money on an asset that typically depreciates the second you drive it off the lot.

It's a small cheap truck.. Not like we are talking about water.

Until the market DOESN'T correct. People figured computer ticket purchases would solve ticket scalping- instead it got worse.

 

[Austun316]

Until the market DOESN'T correct. People figured computer ticket purchases would solve ticket scalping- instead it got worse.

Again me buying a car and deciding to sell it isn't scalping or gouging.

You're in the wrong forum. This about cars not tickets

 

[Deleted member 5597]

The horse is dead. Why is everyone still beating it?

 

[Austun316]

The horse is dead. Why is everyone still beating it?

I think the ones who didn't get one yet are the ones pissed off

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