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iskolko
Joined: 28 Feb 2010
Location: Eungam station line 8 Seoul
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 Posted: Thu Apr 22, 2010 5:55 pm Post subject: Foreigners Inflating Used Good Prices |
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Just wanted to say how ridiculously overpriced things are being sold second hand. I know for a fact in North America, especially with electronics, once it leaves the store the value automatically drops about 50%. Foreigners selling to foreigners are inflating prices due to the huge small supply and huge demand. This is only because we are unable to use Korea sites, which by they way, if you can, you can get the same items foreigners are selling used, new for the same price and sometimes even cheaper.
It is unreal how many people say "I bought this couch for, example, 300,000 won and am selling it for 250,000". WOW great deal!
Especially I found this was the case with bikes. You can buy decent average new bikes that just get you from A to B on g market for like 50,000 or 60,000 won, yet I have not seen a bike being sold for less than 75,000 used.
Just thought I would write a little blurb on this absurdity. Just because you bought something at E mart (which is not cheap), doesn't mean it was originally worth that value. Therefore a small markdown is not a deal at all.
Just curious to see if anyone has any comments about this. I know not EVERYONE falls under this stereotype, but I honestly think most people do. |
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egrog1717
Joined: 12 Mar 2008
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| Posted: Thu Apr 22, 2010 5:57 pm Post subject: |
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It's a seller's market...
You said it yourself, people sell and because of the S/D problem for a lot of things we want the price goes up...
The only way this is ever gonna change is if we get more supply, or if people stop buying things that they need/want... |
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Bloopity Bloop
Joined: 26 Apr 2009
Location: Seoul yo
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| Posted: Thu Apr 22, 2010 6:17 pm Post subject: |
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The problem with B/S/T Forum on Dave's is not just overcharging, but ridiculous lowballing. I was selling my laptop on here (which I sold for 450k won) for 450k won and some idiot kept trying to offer 250k won or some insanely stupid price simply because it wasn't a major brand name in Korea. It was 6 months old, in ABSOLUTELY perfect condition, and I paid about $550 USD for it.
Recently, there HAVE been a lot of ridiculously overpriced items and defensive sellers. Your best protection is to keep yourself informed, do the research, and benefit from never getting burned. There isn't really anything you can do to curb others' ignorance about their obscene pricing, but they'll hopefully learn when their inbox stays empty.
I'm actually glad that there's a number of us here who will call people out on BS pricing. Nothing you can do about wading through all these cheapos, though.
The next time I receive a PM like, "You know, I really want your item but am low on cash, will you take 50k won? (when I'm asking for 120k won)" I'm gonna respond with something mean. You can probably tell from my post that I have a bigger problem with all the cheapskates than greedy/ignorant sellers. |
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guava
Joined: 02 Sep 2009
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| Posted: Thu Apr 22, 2010 6:33 pm Post subject: Re: Foreigners Inflating Used Good Prices |
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| iskolko wrote: |
It is unreal how many people say "I bought this couch for, example, 300,000 won and am selling it for 250,000". WOW great deal!
Especially I found this was the case with bikes. You can buy decent average new bikes that just get you from A to B on g market for like 50,000 or 60,000 won, yet I have not seen a bike being sold for less than 75,000 used.
Just curious to see if anyone has any comments about this. I know not EVERYONE falls under this stereotype, but I honestly think most people do. |
about the couch comment: really many? how many is many? if its true, show a few of the many examples
in my case, through this forum I bought a leather brand name sofa that was as good as new and I bought it for 300,000. the original price was 1.3 million. its real leather front and back and its still as good as new a couple of years later. the seller added a literal truckload of furniture and appliances for an additional 100,000
in another similar case, I bought a graphics card for 20,000 won, and when I picked it up the seller gave me a bag full of useful miscellaneous items cause he was moving out
about the bike comment: theres all kinds of bikes so you could be comparing apples to oranges. I recently saw a bicycle with a 12 million won price tag. anyway, there have been bikes for sale cheaper than your g market finds so you have not been looking much or for very long
I sell things here and most things get sold. if it doesn't sell quickly I lower the price, kind of like a reverse auction. some people are happy to pay asking price cause its usually a good deal, some people wanna discount, and some people give amazingly low lowball offers. theres all kinds of people here, but from my experience, most are nice and reasonable
Last edited by guava on Thu Apr 22, 2010 6:40 pm; edited 1 time in total |
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Gideon
Joined: 24 Feb 2004
Location: Seoul
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| Posted: Thu Apr 22, 2010 6:37 pm Post subject: Re: Foreigners Inflating Used Good Prices |
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| iskolko wrote: |
Just wanted to say how ridiculously overpriced things are being sold second hand. I know for a fact in North America, especially with electronics, once it leaves the store the value automatically drops about 50%. Foreigners selling to foreigners are inflating prices due to the huge small supply and huge demand. This is only because we are unable to use Korea sites, which by they way, if you can, you can get the same items foreigners are selling used, new for the same price and sometimes even cheaper.
It is unreal how many people say "I bought this couch for, example, 300,000 won and am selling it for 250,000". WOW great deal!
Especially I found this was the case with bikes. You can buy decent average new bikes that just get you from A to B on g market for like 50,000 or 60,000 won, yet I have not seen a bike being sold for less than 75,000 used.
Just thought I would write a little blurb on this absurdity. Just because you bought something at E mart (which is not cheap), doesn't mean it was originally worth that value. Therefore a small markdown is not a deal at all.
Just curious to see if anyone has any comments about this. I know not EVERYONE falls under this stereotype, but I honestly think most people do. |
Supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, price will function to equalize the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity.
Pretty simple.. if the buyer doesn't use due diligence then its their own stupidity for getting scammed. Compare prices, research.. sheesh.. google is one mouse click away.
LOL... When there is a, (as you put it) "Huge small supply and Huge demand", then of course there will be higher prices.. thats how the economy works.. is it always fair? over course not.. so again, its pretty simple..
SHOP AROUND AND USE DUE DILIGENCE! |
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iskolko
Joined: 28 Feb 2010
Location: Eungam station line 8 Seoul
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| Posted: Thu Apr 22, 2010 7:21 pm Post subject: |
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I know what supply and demand is. I meant to write small supply, not huge small supply, and I think that typo is obviously to figure out.
As I said too, some people are reasonable. There are just a lot of people who write the price they paid and the asking price, and it is not much of a markdown.
But bikes...I have been looking for 2 months now....nothing reasonable has come up. And I did say "average decent bike that get's you from A to B". I wasn't talking about high end, I don't know enough about that to comment.
True, the people who are resourceful will look elsewhere, not on Dave's. That is my entire argument in sum. |
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Gaber
Joined: 23 Apr 2006
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| Posted: Thu Apr 22, 2010 7:26 pm Post subject: |
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| Vote with your money. No use crying about it |
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lukas
Joined: 22 Aug 2009
Location: Bucheon
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| Posted: Thu Apr 22, 2010 7:39 pm Post subject: |
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| If you don't like the price, don't buy it. Why are you crying? |
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mr. positive
Joined: 02 Jan 2008
Location: a happy place
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| Posted: Thu Apr 22, 2010 7:50 pm Post subject: |
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| Gaber wrote: |
| Vote with your money. No use crying about it |
Agreed! |
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prideofidaho
Joined: 19 Mar 2008
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| Posted: Thu Apr 22, 2010 7:51 pm Post subject: |
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| iskolko wrote: |
I know what supply and demand is. I meant to write small supply, not huge small supply, and I think that typo is obviously to figure out.
As I said too, some people are reasonable. There are just a lot of people who write the price they paid and the asking price, and it is not much of a markdown.
But bikes...I have been looking for 2 months now....nothing reasonable has come up. And I did say "average decent bike that get's you from A to B". I wasn't talking about high end, I don't know enough about that to comment.
True, the people who are resourceful will look elsewhere, not on Dave's. That is my entire argument in sum. |
So you're looking for a bike? What I don't get is that you mention electronics devaluing by 50% once they leave the shop, but a bike is not an electronic item. Bicycles are mechanical, and if kept in good condition can last exponentialy longer than any randome electronic item.
I'm selling a bike I bought for 220,000 less than a year ago for 150,000. That's a fair deal as far as I am concerned, considering it isn't rusted, and runs just the same as when I bought it. I'm open to considering an offer, but not half the price I am asking, as some have offered. but as you said, if you want a bike that runs from a to b, go to any old bike shop and they'll usually sell you a junker for less than 100,000. |
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egrog1717
Joined: 12 Mar 2008
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| Posted: Thu Apr 22, 2010 7:58 pm Post subject: |
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| prideofidaho wrote: |
| iskolko wrote: |
I know what supply and demand is. I meant to write small supply, not huge small supply, and I think that typo is obviously to figure out.
As I said too, some people are reasonable. There are just a lot of people who write the price they paid and the asking price, and it is not much of a markdown.
But bikes...I have been looking for 2 months now....nothing reasonable has come up. And I did say "average decent bike that get's you from A to B". I wasn't talking about high end, I don't know enough about that to comment.
True, the people who are resourceful will look elsewhere, not on Dave's. That is my entire argument in sum. |
So you're looking for a bike? What I don't get is that you mention electronics devaluing by 50% once they leave the shop, but a bike is not an electronic item. Bicycles are mechanical, and if kept in good condition can last exponentialy longer than any randome electronic item.
I'm selling a bike I bought for 220,000 less than a year ago for 150,000. That's a fair deal as far as I am concerned, considering it isn't rusted, and runs just the same as when I bought it. I'm open to considering an offer, but not half the price I am asking, as some have offered. but as you said, if you want a bike that runs from a to b, go to any old bike shop and they'll usually sell you a junker for less than 100,000. |
I'll give give you 35k for it!
(Wanted to jump on the lowballing bandwagon, lol)  |
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iskolko
Joined: 28 Feb 2010
Location: Eungam station line 8 Seoul
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| Posted: Thu Apr 22, 2010 8:48 pm Post subject: |
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I am not crying, you are clearly missing the point. The point is prices are inflated on Dave's therefore look elsewhere cause you can usually find better deals.
As for bikes, I agree they don't devalue like electronics. However, many of the bikes (not all) people say they paid around 200,000 won for I would not pay more than 75,000 for new. G market is where it's at, you just need to find a Korean to give you a hand, and we are in a country full of them. |
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lukas
Joined: 22 Aug 2009
Location: Bucheon
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| Posted: Thu Apr 22, 2010 9:07 pm Post subject: |
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| iskolko wrote: |
I am not crying, you are clearly missing the point. The point is prices are inflated on Dave's therefore look elsewhere cause you can usually find better deals.
As for bikes, I agree they don't devalue like electronics. However, many of the bikes (not all) people say they paid around 200,000 won for I would not pay more than 75,000 for new. G market is where it's at, you just need to find a Korean to give you a hand, and we are in a country full of them. |
If that's your point, list some better places to find some deals instead of remarking on the absurdity of posters' prices. Then I'd be inclined to agree with you |
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NOFX
Joined: 16 Dec 2009
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| Posted: Thu Apr 22, 2010 9:38 pm Post subject: |
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| be careful with bikes on gmarket. many retailers have assembly charges on top of the purchase price. check carefully |
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stephenpoi
Joined: 29 Mar 2006
Location: Cheongju, South Korea
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| Posted: Thu Apr 22, 2010 10:31 pm Post subject: Very Annoying... |
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As a seller, shouldn't you try to get as much as you possibly can for an item? Isn't that the whole idea? If the main purpose of selling anything was to give a break to the buyer, what would be the point of selling anything on this site. Since when does the consumer set the price on what they buy. I find, more often than not, that people here want everything for free or next to nothing (with the exception of serious buyers). If you feel it is too much.....don't buy it! It's that simple....
What really bugs me is that people on this site have nothing better to do with their time than make stupid comments about sale items even when they have absolutely no intention on buying anything. Get a life people! |
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