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And, expanding on this, people carry less cash both on their person and in their homes.
by thejteam 13y ago
And, expanding on this, people carry less cash both on their person and in their homes.
- toomuchtodo 13y agoVery much this. I sold my motorcycle yesterday for ~$7K cash. Immediately afterwards I went to the ATM to deposit it. Who still keeps items of large value at home?
- marknutter 13y agoYeah, but they carry $500 smartphones with them now instead.
- drcode 13y agoRight, but how much would you get for that smartphone if you brought it to a pawn shop? Assuming you properly reset its data and convince the pawn shop owner it isn't stolen I bet you could get $30 at most. (And if the phone is locked down and the thief can't jailbreak it it essentially has a value $0)
- jseliger 13y agoOn the other hand, you could probably make a lot selling on Craigslist. I've been selling my family's old phones and computers for years, and the market is robust. Not $500 robust, but two-year-old iPhones go for about $200 (which, probably not coincidentally, is the upgrade price for a new phone).
- marknutter 13y agoI sold my iPhone 4s for $500 last December.
- csomar 13y agoI guess it's much harder to sell a phone without its charger and box. I'd suspect that the property is stolen. Please anyone buying old phones/property ask for the purchase invoice. It's possible that it's a stolen property and you can get in trouble later.