PJB postedDave,
You've fallen right into the conundrum that I am struggling with. You've pointed out that the polar opposites: (a) people buying at "very high MSRPs" (I know you mean respective street prices) and (b) a glut in the secondary market, coexist. And they do coexist. But from a logic standpoint, I just don't see the rationale for it. Basically, if people that are willing to spend big bucks on brand new items when they arrive at the dealer, why are these same people unwilling to spend similar money on the exact same brand new items months later when they appear in the secondary market?
Saying there is a glut is also true. But that glut existed before the buyer decided to preorder that $2k locomotive or passenger set. They knew it and yet still preordered. Or maybe they are kicking themselves because they want one, didn't preorder and the dealer is out of stock. Months later, that same person sees that item on say eBay and, even though they would have paid $2k for it at the dealer a few months ago, they are now unwilling to spend that same $2k or anywhere near it to but that same exact brand new item off eBay. I just don't get it....
Why do folks buy the new stuff at a high MSRP? Same logic that lines people up for days in advance for the next iphone.....gotta have it!!! My ZTE smart phone does 90% of thr $800 iphone and they give them for free NO strings!!!
I'm happy folks dump the older stuff.....I'd not have a Big Boy, WM Shay or many others if folks didn't dump them for a whistle that smokes!!
