This is really big right now when we are in a down economy.
Typically, in a capitalistic market, the value is always a lot higher than what we pay for in cash, right? If you were to ask me to build a new Honda Accord, I would probably spend my whole life trying to figure out how to build such a thing, and I still probably wouldn’t be able to make something as good because I’m not a genius engineer. But thanks to capitalism (the honest kind), I may only have to work one year (make $30K), and I can buy one. So that’s pretty dang good value. Work my whole life and build a soapbox racer pretty much, or work one year. Cool value.
But now that we are in a down market, cash prices have fallen even more. Most people can’t believe their stuff is only selling for such a low amount, but often need to take it because they have more life-sustaining things to buy. So now that cash prices are lower, the value is even greater…if you have cash. If you don’t, and must resort to trading like us poor folk, then trading definitely has a higher value because we’d all prefer cash if it was the same, right? I’d rather have $300 cash than a $300 Playstation 3. Just if it’s $300 cash, or a cool go-cart, then I might take the go-cart.
So you can tailor yours the same. That’s the trading etiquette.
