Car Dealers, don't.......

[6300 RPMs]

you just love them when they bring it here and only bump the price 7k for us?

Bought: Porsche : 911 Porsche : 911 | eBay

Selling: http://forums.pelicanparts.com/porsche-cars-sale/650973-fs-1986-porsche-911-cabriolet-68-000-original-miles.html

[Macroni]

It is America.... a capitalistic society. How do you make your income? I just do not get complaining about people making money...... Now stealing or swindling that is another story......

[6300 RPMs]

Well not by making 6k on one transaction from a fellow Pelican, that's for sure. Lot's of talk around here about how high the prices are on these cars, this is one reason why. Bumping the price that much is pure greed, but like you say "It is America.... a capitalistic society" so stick it to the buyer.........

Originally Posted by Macroni

It is America.... a capitalistic society. How do you make your income? I just do not get complaining about people making money...... Now stealing or swindling that is another story......

[rw229]

I can see both points of view. People need to make a living somehow, but this is very annoying from an enthusiast's POV. Yet another car ends up in the dealer/flipper "channel" with no value-add beyond maybe a $200 detail.

[pavulon]

Originally Posted by Macroni

It is America.... a capitalistic society. How do you make your income? I just do not get complaining about people making money...... Now stealing or swindling that is another story......

Right. No problems with American capitalism. But the capitalists can't complain when consumers connect the dots and post the findings...also part of America.

[Sterling911]

I would rather buy from a dealer who is also an enthustiast anyday than sight unseen on Ebay. They take the risk and then do it as a profession. We do live in a capitalist society at least for now.....

[szyzygy]

arbitrage opportunities create efficient markets.

[szyzygy]

If knowledge were perfectly distributed among all of us, these types of things wouldn't happen.

Plus, there was some risk involved. The possibility exists for him to not recoup his investment.
For an increasing amount of risk, there had better be an increased reward.

[szyzygy]

That said, I still have bad feelings about people who flipped houses for a living (of course our government facilitated that) and for so-called "flash trading" that goes on on Wall Street. Just examples.
I'm a proponent of limiting derivative trades only to those with a stake in the underlying asset.

[Macroni]

Where does this begin and end? You could look at all aspects of this hobby and question the proper profit to be made.... How much should Wayne make? How much should my mechanic make or the company that sold me the single stage paint? Check that pricing.....

So a dealer asks $6000 markup, what is the probability he pockets it all?

Apple made $13 billion in profits last quarter.. Why resent profit?

[szyzygy]

Originally Posted by Macroni

Where does this begin and end? You could look at all aspects of this hobby and question the proper profit to be made.... How much should Wayne make? How much should my mechanic make or the company that sold me the single stage paint? Check that pricing.....

So a dealer asks $6000 markup, what is the probability he pockets it all?

Apple made $43 billion in profits...... Why resent profit?

The problem is with speculators driving the prices of things up artificially, that affects those of us who just want to buy a house to live in, put gas in our car to get to work, etc...

I'm for "price discovery" in the marketplace, but speculative investors activity has negatively impacted all of us. That's why I think if you want to speculate on something you should have an vested interest in the thing you are trading.

You don't have to be against profits just because you want some fairness in the marketplace.

No, I'm not saying the dude in the OP is causing Porsche prices to rise so that they become unattainable for the rest of us.

Where do you draw the line? I don't know. It's tough.

[szyzygy]

The guy bought car, he had vested interest in selling it for a profit.

With the mortgage meltdown you people betting on companies failing, multiple times over, and they had no interest in their success. If you sell someone a bond, you have a concern that that bond will default. So you buy a credit default swap to insure your return on the bond. Effectively you are then accepting a lower rate of return for having this insurance. But people who didn't even lend the company any money to begin with start buying credit default swaps on the companies in question, I think that's pretty crappy. I don't see how that makes things better in the marketplace, and I don't think it's a constructive use of capital.

[szyzygy]

It's like spending money on eating real healthy food for energy, or spending it on cocaine for energy. One way leads to health and growth, the other way to problems...

[mepstein]

I don't think you draw any line in a legal free market system. Unless you are forced against your will to buy, why should it matter who the seller is or what stake they have in the profit or loss. The seller offers a price, the buyer accepts, rejects or negotiates. Owning it for two minutes and then flipping doesn't make the price artificial. Price is what the market will bear.

[szyzygy]

Originally Posted by mepstein

I don't think you draw any line in a legal free market system. Unless you are forced against your will to buy, why should it matter who the seller is or what stake they have in the profit or loss. The seller offers a price, the buyer accepts, rejects or negotiates. Owning it for two minutes and then flipping doesn't make the price artificial. Price is what the market will bear.

Then the market crashes because it was all fake and we taxpayers bail out the Wall Street "geniuses"

Oftentimes we don't know what the market will bear until it is too late.

Notice there is no Pannie Mae (fannie mae for porsches) helping to affect prices...

[szyzygy]

Say human livers are a commodity, and there are 100 of them available on the market for $10,000 a pop.

You find out you need a new liver, but the day before you bought it some dude buys all the livers and won't sell them for less than $1,000,000,000 each. He doesn't even need a liver himself.

You die the next day, because you don't have the cash. You had $10,002.

The day after you die, the dude who bought them all fancies it that his price was too high, so he lowers the price to $10,001 to make a cool $1 profit per liver sold.

Good idea for a market?

I don't expect life to be fair, but I think it doesn't have to suck so much.

[mepstein]

Originally Posted by szyzygy

I don't expect life to be fair, but I think it doesn't have to suck so much.

I'm sorry for your loss.

[szyzygy]

Originally Posted by mepstein

I'm sorry for your loss.

What loss?

[szyzygy]

should there not be rules in football? Just a libertarian paradise where you can blow up people with bazookas?

I mean, where do you draw the line?

[timchar]

I think it could be problematic if a "dealer" was able to pick up the choice cars from this site at a potential bargain price and then Jack price up and resell. Some one with deep pockets could cherry pick, in my opinion, bargains on this site... An example would be the 88 g50 coupe that sold in less than one day for 15,900.00. Imho, this car was sold for 3-5 k lower than what it should of. The cars that sell in a day or two, in most cases were sold too cheap. Pelicans seem ok to give other pelicans a more than fair deal.... To a dealer? I don't think so! Call it free market, capitalism or whatever you want... There seems to be a fairly tight comradely here of true enthusiasts, a broker/dealer compromises that bond. Tim