New car gouging

nuts

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How so? While it's high, at least South Carolina has a $500 cap on sales tax. If you were in my state, 6.25% sales tax would be more like $2962.81 as we have no cap.
of course its overpriced; for a Kia sedan $48K; not in the dreams I would count that $$$ for a pretty old sedan up to now
 
That's not what this is about. They don't have any cars to sell and when they get one in, they gouge people on the price. People will remember this stuff.

Whenever something enters into what is commonly referred to as a sellers market, be it cars, houses, guns, ammunition, or most anything else, right away you start hearing the word "gouging". This simply isn't true. The sellers are simply pricing their goods at what the market will bear. It is pure capitalism, nothing more.

If someone is willing to pay the price the good is being offered at, how are they being "gouged"? They can walk away.... Just as she did. No one has a gun to their head, and are being forced to make the purchase. Why should they sell it for less, when they have people all but standing in line who are willing to pay more? They would have to be stupid.

Naturally, this doesn't hold true for utility companies and the like. Who sell essentials like water, power, and waste removal directly to peoples homes. Which is why their rate hikes have to be approved. But for most everything else, it becomes a free market.... As it should.

Remember, every sellers market is most always followed by a buyers market. Then prices drop. Or in many cases, fall through the floor. Then the reverse happens. The sellers are all whining how they can't make money. When that happens, you don't hear the buyers complaining. They're celebrating the fantastic "deal" they just got.
 
Whenever something enters into what is commonly referred to as a sellers market, be it cars, houses, guns, ammunition, or most anything else, right away you start hearing the word "gouging". This simply isn't true. The sellers are simply pricing their goods at what the market will bear. It is pure capitalism, nothing more.

If someone is willing to pay the price the good is being offered at, how are they being "gouged"? They can walk away.... Just as she did. No one has a gun to their head, and are being forced to make the purchase. Why should they sell it for less, when they have people all but standing in line who are willing to pay more? They would have to be stupid.

Naturally, this doesn't hold true for utility companies and the like. Who sell essentials like water, power, and waste removal directly to peoples homes. Which is why their rate hikes have to be approved. But for most everything else, it becomes a free market.... As it should.

Remember, every sellers market is most always followed by a buyers market. Then prices drop. Or in many cases, fall through the floor. Then the reverse happens. The sellers are all whining how they can't make money. When that happens, you don't hear the buyers complaining. They're celebrating the fantastic "deal" they just got.
You are spot on... as long as the market is truly a free market. As you pointed out utilities, but many items that consumers want/need from prescription drugs to broadcast televisions to internet providers are not part of a "free market".
 
It truly is a horrible time to buy. Luckily I got my cars before the market got too nasty.

I understand a mark up on hot vehicles like the bronco, but mark ups on standard run of the mill cars make no sense. Luckily some manufactures are preventing price gouging. Friend ordered a new Mercedes GLC for msrp. The only cars priced higher than usual at the MB dealer are the used cars.
 
You are spot on... as long as the market is truly a free market. As you pointed out utilities, but many items that consumers want/need from prescription drugs to broadcast televisions to internet providers are not part of a "free market".

Agreed. I can see both sides of the pharmaceutical argument. On one hand you have people who desperately need these new medications that come to market. But many cannot afford to pay the high prices of these newly approved drugs. However, depending on their financial situation many can qualify for financial assistance. But at the same time many do not, and suffer financially as a direct result. Or else have to go without, because they simply cannot afford it.

The drug companies need this exclusive period of time in order to recoup their initial investment, before the drug goes generic, and the price, along with profitability, falls through the floor.

On the other side of the coin it costs drug companies literally hundreds of millions of dollars in research and development, in attempting to get FDA approval, and bring these new drugs to market. All with zero guarantee they will meet with profit and / or long term success. Sometimes they make out, other times they take the gas pipe big time. Because it seems for every Viagra there is a Vioxx. Then there was the whole Redux / Fen-Phen debacle.

And then come the law suits that usually follow. With every ambulance chaser and his brother forming class action suits, to vacuum out the deep pockets of big pharma. Which all becomes a vicious cycle, and drives up drug prices. Just like the ever increasing cost of malpractice insurance drives up the cost of doctor visits and surgery. We all end up paying for this. Usually in the form of higher drug prices and medical costs.

You see these advertisements every day on television..... Along with the now infamous words, "You may be entitled to substantial compensation!" That word "entitled" is starting to go through me like nails on a chalkboard every time I hear it.
 
It truly is a horrible time to buy. Luckily I got my cars before the market got too nasty.

I understand a mark up on hot vehicles like the bronco, but mark ups on standard run of the mill cars make no sense. Luckily some manufactures are preventing price gouging. Friend ordered a new Mercedes GLC for msrp. The only cars priced higher than usual at the MB dealer are the used cars.
Oh yeah with the high prices of regular cars and luxury car makers holding the line at MSRP, some people should consider luxury cars instead of paying those high dealer markups. There's no deals on leases now as they're reduced the residual and aren't running promos. That's causing some people to hold onto their leases longer or just buyout the car at the end of the lease.
 
Whenever something enters into what is commonly referred to as a sellers market, be it cars, houses, guns, ammunition, or most anything else, right away you start hearing the word "gouging". This simply isn't true. The sellers are simply pricing their goods at what the market will bear. It is pure capitalism, nothing more.

If someone is willing to pay the price the good is being offered at, how are they being "gouged"? They can walk away.... Just as she did. No one has a gun to their head, and are being forced to make the purchase. Why should they sell it for less, when they have people all but standing in line who are willing to pay more? They would have to be stupid.

Naturally, this doesn't hold true for utility companies and the like. Who sell essentials like water, power, and waste removal directly to peoples homes. Which is why their rate hikes have to be approved. But for most everything else, it becomes a free market.... As it should.

Remember, every sellers market is most always followed by a buyers market. Then prices drop. Or in many cases, fall through the floor. Then the reverse happens. The sellers are all whining how they can't make money. When that happens, you don't hear the buyers complaining. They're celebrating the fantastic "deal" they just got.
Well-said!
 
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