3 ms·
Of course there's cases where a sale must be made quickly so you may get the widget for $4 but one could argue that you're bringing $1 of value by being able to
by dsfyu404ed 7y ago
Of course there's cases where a sale must be made quickly so you may get the widget for $4 but one could argue that you're bringing $1 of value by being able to make the transaction at that time.
If a widget is generally sold for $5 and you can make some amount of that back using the widget doesn't mean you're getting more than you pay for if you pay $5 for it.
My coworker is buying a lightly used $7500 Chevy spark. It's a $7500 car for a reason. Most people don't want it because its small, pretty slow and the specs aren't that great. It is a great car for his use case, equal or better than lots of $10k cars. That doesn't mean he's getting more than he's paying for.
- neogodless 7y agoI don't think that's what I'm saying. I'm saying that in any transaction, the value transferred could be more or less for either party. If I go to auction, I can buy something for $1 and sell it later for $100. Did I get more than I paid for? I think so. Because the auction house doesn't want to do the leg work of finding a qualified buyer, they are happy to get $1 instead of dumping the item in the trash, but it's still more valuable than the purchase price. Purchase price does not dictate ultimate value. There are many ways to evaluate the value of something.