How do you feel about small mom and pop stores price gouging?

[chambersc]

There is no such thing as "price gouging" to me. Either you buy the unit for X amount or you go somewhere else.

 

[b0mbrman]

Originally posted by: BooGiMaN
price gouging to me is when someone sets an outrageous price for an ESSENTIAL product..such as water, medicine and food after a disaster or shortage.....not for a luxury product whose price has been raised and that some dumbass is WILLING let me repeat WILLING to pay for it.

Even then, I wouldn't call it gouging.

For example, I remember people selling milk for higher-than-normal prices after some earthquake growing up.

The issue wasn't that they just wanted everyone's money, it was that they wouldn't be resupplied for a while, had a scarcer amount than normal, and price was the fairest way to decide who got the last few cartons.

To me, price gouging is charging a high price for something that one is forced to buy, whether by government decree or intimidation (possibly mafia intimidation).

 

[sandorski]

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

Like bottled Water.

 

[Pepsi90919]

free enterprise.

 

[Ronstang]

Originally posted by: sandorski

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

Like bottled Water.

Stupid people have made the bottled water phenomenon possible.

 

[SlitheryDee]

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

I know that many clothing retailers double their money on the majority of items they sell. Smaller "impulse buy" items have even larger profit margins in the order of 300% (e.g. cost the retailer $4.00 you pay $12.95) or more. I have no idea what the standard markups for electronics are though.

 

[glutenberg]

Originally posted by: Andyb23

Originally posted by: glutenberg

Originally posted by: Andyb23
I don't think its small mom and pop stores charging 1000+ for consoles idiot.

Obviously, you've been to every Mom and Pop store in the country to be able to so boldy call someone an idiot. I congratulate you on being well traveled.

Dude they are being closed in on all sides by franchises.

Now its not that I don't support free enterprise, I'm just saying that this is a good way for these small stores to make up all that money they lost during the year.

Don't like the prices... don't buy em.

Simple as that.

Meh, I was just poking fun as you ended your first post with "idiot." Pretty much an unwarranted attack on a person asking a question.

 

[b0mbrman]

Originally posted by: SlitheryDee

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

I know that many clothing retailers double their money on the majority of items they sell. Smaller "impulse buy" items have even larger profit margins in the order of 300% (e.g. cost the retailer $4.00 you pay $12.95) or more. I have no idea what the standard markups for electronics are though.

How about software?

 

[doze]

Originally posted by: Ronstang

Originally posted by: sandorski

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

Like bottled Water.

Stupid people have made the bottled water phenomenon possible.

Which is why bottled water should be taxed like cigarettes or gasoline.

 

[waggy]

Originally posted by: Ronstang

Originally posted by: sandorski

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

Like bottled Water.

Stupid people have made the bottled water phenomenon possible.

i do not understand it when people buy it when they live in town.

THOUGH saying that i lived in Dekalb, IL. they have been sued at least 3-4 times over the quality of the water. they have been fined by the state/feds a few times. the water is/was not safe to drink. i would buy bottled water.

with the farm house we have a well. the water was safe to drink but tasted really bad. but we just put in a RO water system. yummm. the water was a LOT better.

but anyway some areas people really do need to buy bottled water. (yes i know maybe 30% do)

 

[DaveSimmons]

Originally posted by: everman
I bet you'd flip if you knew how much retail markup is on a lot of the stuff you buy...

I saw somewhere (ArsTechnica?) that stores pay very close to retail for the consoles themselves, which is why they push the warranties, accessories, and $100 Monster USB cables so hard.

 

[Whoozyerdaddy]

One man's price gouging is another man's supply/demand equasion.

Would you rather see a bunch of people buying multiple units, denying access to the limited supply of product to the masses?

 

[SlitheryDee]

Originally posted by: waggy

i do not understand it when people buy it when they live in town.

THOUGH saying that i lived in Dekalb, IL. they have been sued at least 3-4 times over the quality of the water. they have been fined by the state/feds a few times. the water is/was not safe to drink. i would buy bottled water.

with the farm house we have a well. the water was safe to drink but tasted really bad. but we just put in a RO water system. yummm. the water was a LOT better.

but anyway some areas people really do need to buy bottled water. (yes i know maybe 30% do)

We had a boil water order issued here a couple years ago. It's better now but for some time water from any tap in town smelled like it might have come from a sewer line rather than any water purification facility. You could fill a gallon jug from the tap, set it on a table and watch as about half an inch of particulates settled to the bottom.

Things were like that for a long long time A lot of people still buy drinking water for cooking and drinking around here and I can't say I blame them.

Just a testimony from someone in that minority...

Originally posted by: b0mbrman

How about software?

no idea.