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One way I make a living is by buying items from auctions, estate sales, thrift stores, and garage sales, the reselling on eBay and Craigslist. If I'm buying something from your garage sale, you must have priced it below what it's worth. Sometimes, by a large amount.
I live in a fairly wealthy part of town so if I'm buying stereo equipment from someone living in a $750K house, I'm going try to pay as little as possible.
I have paid more than the asking price when I know there's a huge upside, the acquisition cost is small or the seller looks like they could use a break. I asked a woman if she had any watches at an estate sale and she went inside dug around and brought out a cool automatic. When I asked how much, I could see here struggling to put a number on it saying, "This has got to worth at least $10," like she was pricing it up to give me room to negotiate. I said, "How about $20?" Made her very happy. I netted around $100 when I sold it.
I don't like Goodwill. Don't like how they treat their employees at all. Does my heart good to buy something from them for $50 and turn around and sell it for $500.
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Lee
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