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No tariffs... (slrpnk.net)
submitted 1 week ago by poVoq@slrpnk.net to c/memes@slrpnk.net
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[-] katriik@lemm.ee 149 points 1 week ago

Yes, but... There are consequences. Used goods will also have price increase if new ones are more expensive.

[-] essell@lemmy.world 27 points 1 week ago

Buying 2nd hand reduces demand for new goods, which reduces prices in the broad sense.

[-] BossDj@lemm.ee 52 points 1 week ago

That's not what happened when demand for used cars skyrocketed a few years ago

[-] Voyajer@lemmy.world 37 points 1 week ago

Demand for new vehicles didn't drop, supply for new vehicles stopped.

[-] Sauerkraut@discuss.tchncs.de 29 points 1 week ago

Also, demand for cars can't drop because Americans don't have basic freedoms like access to quality public transit, walkable cities, or infrastructure to protect bikes from car drivers who watch movies on their phones while they drive

[-] dalekcaan@lemm.ee 13 points 1 week ago

Yup, the US has managed to turn cars from a luxury item to what's essentially a necessary good.

[-] reallykindasorta@slrpnk.net 5 points 1 week ago

People with cars a couple years old were being asked to trade for a new one just to bolster used inventory. Don’t understand the economics but I know two people who traded their 3ish year old cars for brand new ones (and a little cash on top) at the behest of the dealer during that time.

[-] doingthestuff@lemy.lol 4 points 1 week ago

I bought right after the lockdown. Six months later I was being offered more for my car used than I paid for it new. I'm still driving it, and it's been paid off for quite awhile, three year loan.

[-] WhiteOakBayou@lemmy.world 3 points 1 week ago

I don't know the economics either but I bought a used truck in Dec 20 and after 6months or a year the dealer started calling me every month or so with an offer to buy it back at more than I bought it for. It was really crazy.

My parents bought a their car when their lease was up then sold it back for a profit around the same time. Just to add to the anecdotes.

[-] ArsonButCute@lemmy.dbzer0.com 4 points 1 week ago

You mean when carvana started overpaying for used cars to build inventory to test their product and inadvertently crashed the used car market (from a buyers perspective)?

[-] essell@lemmy.world 1 points 1 week ago

How complicated economics is!

[-] Kecessa@sh.itjust.works 7 points 1 week ago

But increases demand for used goods means the price increases for them, which means the deal isn't as good so buying new becomes more interesting...

[-] essell@lemmy.world 3 points 1 week ago

I think we just invented economics

[-] Kecessa@sh.itjust.works 0 points 1 week ago

And we just realized how silly it is!

Only those that are uneducated in the miserable science think it is silly.

[-] Kecessa@sh.itjust.works -3 points 1 week ago

There's alternatives to the capitalist system that leads to the situation we're in right now.

And those systems use economists too. There are whole economic departments in universities in socialist economies studying economics. The science does not change just because the system you use to allocate goods changes.

[-] Beastimus@slrpnk.net 2 points 1 week ago

Yeah, I think a lot of people don't realize this. I say as I wait for my econ 101 class to start.

[-] Vanilla_PuddinFudge@infosec.pub 13 points 1 week ago

The only clothing item I buy for durability is boots. All the rest of my clothes are the cheapest possible shit I can find, because it doesn't matter.

No one on earth can convince me a $60 pair of jeans is worth $60.

[-] Sauerkraut@discuss.tchncs.de 15 points 1 week ago

No one on earth can convince me a $60 pair of jeans is worth $60.

$60 has the same buying power thar $30 did just 15 years ago so it might be more helpful to think in living wage hours (where 50 hours of work pays for rent).

In 2025 average rent is $1650. So a living wage after taxes would be $33. In 2010 it was $890 which means a living wage was $17.

[-] doingthestuff@lemy.lol 2 points 1 week ago

There isn't one living wage. It varies greatly by location, and so do wages. However, there isn't any location that consistently pays living wages.

[-] ArsonButCute@lemmy.dbzer0.com 5 points 1 week ago

$60 on used denim will go much further.

Learn to identify higher quality vintage denim and you've begun profiting. Old selvedge will last a lifetime properly cared for, newer denin barely lasts me a couple years with all the spandex in it.

[-] lori@lemmy.zip 8 points 1 week ago

Frankly, just learn to identify vintage denim at all. People have the mistaken idea that everything used to be better quality than now, and that was never true, there has always been bad and good quality stuff. BUT, the thing about buying older stuff (vintage clothing, antique furniture, old tools, etc.) is that if it was bad quality stuff that wouldn't last, it wouldn't be here now to begin with.

[-] PersnickityPenguin@lemm.ee 10 points 1 week ago

And eventually , all of the used goods will wear out necessitating new goods.

Entropies a bitch

[-] Cheems@lemmy.world 8 points 1 week ago

Thrift stores are expensive now anyway. Resale shops are worse. Garage sale season is coming up.

[-] doingthestuff@lemy.lol 4 points 1 week ago

Yeah I've seen goodwill selling things for more than they cost at Walmart.

[-] LordCrom@lemmy.world 4 points 1 week ago

Anecdotally, my local thrift store used to sell men's shirts for $2 to $5 mostly. Now shirts are 15 to 25. That's crazy. Why spend 25 on a collar button down if a new one is 28 at JCPenney.

[-] Faydaikin@beehaw.org 5 points 1 week ago

They already did, but for different reason.

Second-Hand clothing was trendy not too long ago and the prices went up to the point where the used wares almost cost more than new ones.

Just keep in mind that everything is a business and will exploit it's current popuarity to the fullest.

[-] nimpnin@sopuli.xyz 3 points 1 week ago

Depending on the type of product there may be several times the necessary amount already laying around.

[-] GrumpyDuckling@sh.itjust.works 5 points 1 week ago

Unfortunately places like goodwill will jack up prices. eBay prices tend to go up as well. Other places not as much since they don't usually do market research.

[-] nimpnin@sopuli.xyz 5 points 1 week ago

In my country, a lot/most of the second hand selling is done by normal people

[-] GrumpyDuckling@sh.itjust.works 3 points 1 week ago

That is good. Unfortunately many Americans "just don't want to mess with it" themselves. They could easily give it away directly or recycle it, but instead give stuff to phony charities like goodwill.

[-] JennyLaFae@lemmy.blahaj.zone 5 points 1 week ago

There's also a massive trend of reselling where people either shop thrift to sell at a markup or people trying to sell their stuff for close to new prices

[-] GrumpyDuckling@sh.itjust.works 2 points 1 week ago

I don't really see an issue with reselling niche items. The people looking for them aren't going to every thrift store weekly to find that exact item. They can conveniently go online and have it shipped to their door. It has caused goodwill to jack up prices and cherry pick all the good stuff for their own auction site.

I've bought and resold before as well as redold my old stuff on ebay but the margins can be thin unless you have a huge difference in price bought vs sold.

There's a big difference between resellimg and scalping.

[-] JennyLaFae@lemmy.blahaj.zone 5 points 1 week ago

My problem isn't with reselling but the trend of overpricing, I suppose scalping is an appropriate term.

[-] nimpnin@sopuli.xyz 1 points 1 week ago

They can try all they want. I see that occasionally on the websites people sell their stuff on. But usually even those people are willing to sell for a reasonable offer if their ad has been up for a long time.

[-] Jhex@lemmy.world 0 points 1 week ago

that's just capitalism

this post was submitted on 07 Apr 2025
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