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Do you think it is fair or right?  email this discussion to a friend?

myLot reputation of 92/100. Mommamea (712) 4 years ago

So my husband wanted the new Nintendo WII. Not only for the kids but so we could spend some family time together interacting and he thought it would be fun for when we have friends over as well. I have a problem with the fact that with these being in such demand why people try to profit off them by selling them for ridiculus amounts on Auction sites. How do you feel about products that are bought just for this reason? By them and then resale them immediately. I think their should be a law against this! There are families out there trying to make a living to give their children what they want for Christmas and then we have these jerks that want to sell products for 2 and 3 times what they sell for. Would you purchase these products for higher amounts? Should there be laws against this kind of activities?

 

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tags:  wii, nintendo, auctions, games, money
 
1. myLot reputation of 79/100. zemughul (164)   4 years ago

Actually if it's not your job, you don't have the right to buy something with the only aim to sell it with a higher price -or at least in france-. But there's no way you can control it, really. I know many french people who couldn't buy a WII in France, so they bought it in Germany..


myLot reputation of 92/100. Mommamea (712)  4 years ago

I guess it would be pretty hard to control in some situations. It's nice to know the laws of other countries. Thanks for the response. Have you heard of people from there buying them from the states on the enternet?


myLot reputation of 79/100. zemughul (164)  4 years ago

no..


tooblue (96)  4 years ago

I can understand you fustration..I remember when we were tryomg to get an Xbox 360 for my boyfriend and we stood outside like in three different stores waiting while people used thier kids to buy them ( they only allowed one per person, not one per household)..It sucked majorly..and we didnt get one for months later...I saw some 360's go for $1000's of dollars..Triple the retail value...I wish that the stores were more concious towards that..but they are just out to make money

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2. myLot reputation of 89/100. uvbnskoold (218)   4 years ago

I'm not sure I completely agree with it, but I know where you're coming from. The "laws" of supply and demand make these people see dollar signs in their eyes. They see a high demand and little supply and decide to take advantant of that.

There's nothing wrong with that in itself, but it becomes wrong when they ask outrageous prices for them. There's nothing wrong with asking for $20-40 dollars more than what the purchase price is at a store, but doubling it is just plain low and an obvious attempt to score quick cash preying on the fact that they know that parents want their kids to be happy.

There should be laws in place that limit these people, but nothing that stops it completely. I don't personally agree with it, but just because I don't agree with something, doesn't mean it's totally wrong.


myLot reputation of 92/100. Mommamea (712)  4 years ago

I agree with you. Sure if you want to sell it for a little extra then fine but some of these prices are way up there. Have you heard about the ones who are robbing and killing over these things? Wow. What people do for money these days! Are we so money hungry that we can't make a honest living. Thanks for the response. Merry Christmas.

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3. myLot reputation of 86/100. jenbatres (662)   4 years ago

I don't see anything wrong with this. . .people camped out at the stores to get them, this may be how they make extra cash at the holidays. I would never do it because I don't have that kind of energy. The people who camped out for days for the products need to be compensated, at least they are willing to sell them. If your not willing to pay for it, someone else will.


myLot reputation of 92/100. Mommamea (712)  4 years ago

You are correct in saying someone else will. They are doing it. I just can't believe the prices they are paying. There are many jobs available if they are in that much need of extra cash don't you think? And if they have the money to buy extras why do they need the extra cash? But I guess some people will try to take advantage of others when given the chance. Thanks for the response. Merry Christmas.

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4. myLot reputation of 89/100. emisle (1702)   4 years ago

I'd wait until there was more stocked in the shop, i would not be prepared to pay way over the odds for a games console.
And I don't agree with people buying products just to sell them at a higher price, but the same is happening in the housing market.


myLot reputation of 92/100. Mommamea (712)  4 years ago

We were prepared to wait until after Christmas if we had to. My husband was willing to sleep in the truck over night but not willing to pay what some of these people are charging. The difference with the housing market is the value of the home and land wouldn't you say? Sure there are alot out there I wouldn't pay that kind of price. I don't like the way the market goes up and down that's for sure. Thanks for the response. Merry Christmas.

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5. myLot reputation of 88/100. emarie (4574)   4 years ago

you know what...i wanted to do the same with the PS3...its a good profit, and as long as there are people willing to pay this much for it, then its fine. with sites like eBay it makes it easier. now if the buy like several (which you can't unless you're a dealer) thats wrong. now, these stores and deals are pretty much doing the same thing. they pay a certian amount for the game stations and then sell it at a higher costs which is why some places sell it cheeper then some. there's no real differance. it just depends on how much you want to pay for it. if you're going to outlaw that kind of action, then you will be only allowed to buy directly from nintendo, and you know they don't do that.


myLot reputation of 81/100. Metallion (1510)  4 years ago

Actually you are wrong, the manufacturers have an agreement with their distributors for a price range they can not go above or below. I'm not a fan of it, but I know people will do it.


myLot reputation of 92/100. Mommamea (712)  4 years ago

Thanks Metallion. These stores are not doing the same thing or they would be selling them for what the people on the auctions are. If they can't buy several then how can you see these people listing several on the auctions? Making a profit is okay within limitations. Taking advantage of people is also entirely different. Why some places can sell it cheaper is because of the type of store it is and the quality of the merchandise as well. Not saying you can't get good quality items at a Walmart but you wouldn't go in there to buy fine diamonds either. Thanks for the response. It's good to hear the feed back from all points. Have a Merry Christmas.

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6. kattinround (52)   4 years ago

well I have points on both sides of this coin, First I do see your point about families wanting to get and give their children what they want for Christmas and that its hard even at regular prices sometimes, especially when they are only making and distributing a certain amounts, that makes it very hard on the working middle class families, but on the other hand if SOME FOOL wants to spend thousands of dollars let him, because the man that is selling it to him might need a little more money then what he has and he is just trying to give his kids a good Christmas as well!

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7. myLot reputation of 75/100. coolcager (483)   4 years ago

its very natural its a law of supply and demands hehe. many people want it but not everybody can buy it. they raise the price because some people really do want it. Why not buy PS3 its way more better i think. I have Xbox 360 and its good enough.

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8. myLot reputation of 89/100. hockeygal4ever (5367)   4 years ago

Personally, I don't see the big deal. If they get them first and people are dumb enough to pay more than they're worth then so be it. As for "the Children" ... I hate to tell you but your kids will live without Nintendo WII until they're more plentiful. Christmas isn't about the gift, it's about the family and celebrating of the birth of Jesus. And creating an atmosphere where the child feels deprived if they don't get what they want for Christmas is simply wrong. For one season, try to enjoy a holiday with few gifts and more focus on the family time (baking cookies, watching Christmas movies, making homemade gifts, making ornaments) and see what Christmas your kids remember when they grow older. I'm a mom of teens... my kids cannot tell you a single gift they got, including the ones they were dying to have. But they can tell you about the times we made cookies and had frosting fights and went caroling to the retirement home, etc. Just a thought.

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9. myLot reputation of 72/100. mkirby624 (1409)   4 years ago

I dont think those people are jerks, I think they are smart. Because, really, if you are just an honest parent trying to make a living for yourself and by something for your kids, why not go to the store and stand in line and get one?? The people who buy these online for outrageous prices are the dumb ones. No one is FORCING you to buy them at the outrageous price, people are bidding on it and making the price outrageous. A friend of mine bought a PS3 and put it on Ebay. He started it at ONE CENT. Not over the price he paid, but ONE CENT. People then bid on it THEMSELVES, and someone ended up buying it for $1400. He didn't overcharge, they overbid.

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10. myLot reputation of 83/100. micheller (1063)   4 years ago

I would never buy something like that. And yes I think there should be laws to stop this kind of stuff. I actually think there are laws against this, but it isn't taken care of that often.


myLot reputation of 72/100. mkirby624 (1409)  4 years ago

There may be laws against sellers inflating the price, but there aren't any against buyers bidding outrageously high amounts. On auction sites, the sellers are not inflating prices, people are simply bidding and bidding and bidding until the price skyrockets and it twice as much as the seller paid. This is just great luck for the seller. My neighbor bought a PS3 and put it on ebay for one cent. It was a one day auction, and in one day, it went from one cent to $1400. He didn't screw anyone over, those people screwed themselves over.


myLot reputation of 92/100. Mommamea (712)  4 years ago

Good point MKIRBY. I guess I'm not speaking about the ones who have a reserve a bit over the amount they paid for the item and sure include the shipping as well. It's the ones who put the reserve high and are out to take advantage of others. Others do make a bidding war out of it and they are willing to pay outrageous prices for something fine but give the ones who can't a chance as well.


myLot reputation of 92/100. Mommamea (712)  4 years ago

Thanks micheller for your response as well. Maybe if the laws were a little more known then it would stop some of the people who are out take advantage of others. I don't know of these laws myself. Not in the United States anyway. Does anyone know about any of these laws? Merry Christmas to you both and thanks for responses.

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