[geeks] eBay question

[Hicheal Morton]

On 9/5/07, Dan Sikorski <me at dansikorski.com> wrote:
>
> Hicheal Morton wrote:
> > The point is still valid, the buyer makes the offer and honors it: It is
> > always a buyer's market!
> >
> > No one is forcing you to purchase an item; you can always walk away if
> you
> > don't like the purchase price!
> >
> > To do otherwise is to give the seller control over your money, your
> reason,
> > and your life!
> >
> > The phrase, "It's a seller's market" is a marketing ploy to make you
> believe
> > that you have no choice but to buy the item.  It becomes a "mind game"
> when
> > you unwittingly succumb to the hype.  It is a choice should you decide
> that
> > the item has more value than you originally thought.
> >
> > If one's purchasing choices are made by the seller, one is a fool--and a
> > fool and her money are easily parted!
> I've never considered it that way, I consider the terms as a way to
> describe current market conditions.  It's a supply and demand thing.
>
> When supply is exceeding demand, it is a "buyer's market" because
> sellers are desperately seeking buyers, and lowering prices to attract
> new buyers, increasing demand.  This is favorable for buyers.
>
> When the demand is exceeding supply, the market is favoring sellers, or
> a "seller's market" demand is so high that the seller can increase the
> price of the item, which will certainly make him happy.
>
> A quick google search seems to back me up:
>
> http://www.investorwords.com/4470/sellers_market.html
> " A market which has more buyers than sellers. High prices result from
> this excess of demand over supply. "
>
> http://www.investorwords.com/641/buyers_market.html
> "A market which has more sellers than buyers. Low prices result from
> this excess of supply over demand. also called soft market. opposite of
> seller's market."
>
>    -Dan Sikorski
> _______________________________________________
> GEEKS:  http://www.sunhelp.org/mailman/listinfo/geeks
>

Dan,

You wrote, "I've never considered it that way".

And that is the whole point.

When it is a so-called "seller's market", do you run out and buy that item
because the seller tells you to buy it?

Or do you delay your purchase?
Do you make do with what you have now?
Do you choose not to buy?

If you don't run out and buy the item, you have effectively declared it to
be a "buyer's market".  That is, I will spend my money the way I choose to
spend it!

We may be dealing with semantics--there are times when a seller has an
advantage as there are times with the buyer has an advantage--but the buyer
always has an advantage since she chooses to spend or not.

My stepdad taught me this more than 40 years ago!  It was quite a shock.  I
discovered that it is, nonetheless, true.  If I raise the amount that I will
pay for an item, it is my choice and perogative to do so.  If I choose to
not to raise my price, it is also my choice and perogative.  The seller
loses if I choose not to buy.  The seller has a long-term vested interest in
selling the item to me for my price because I will buy from that seller
during a so-called "buyer's market".  He helps me and I will help him; I
have a vested interest in keeping honest and fair sellers within "arm's
reach".  And the seller should have a long-term interest in having co-called
"loyal" buyers.

Another thing that my stepdad showed me was that there is "always" someone
will to selling cheaper!  You just have to look.