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Comments of the week, game console flipping edition

Posted By Claes Bell On 11/30/2013 @ 8:30 am In Personal Finance | No Comments

Another week, another set of thought-provoking comments from readers.

Readers weren’t too keen on Black Friday. Asked whether they participate [3], Emm, a recovering Black Friday shopper, thinks it’s become crazier since the days when she showed up for doorbusters:

25 years ago I was very, very good at finding the best Black Friday deals and executed the skill for 3 years. Back then I was a new homeowner and found the needed household goods and then USEFUL items for my family.

Now, I need no more STUFF and same among friends, family.

Having forgotten it was Black Friday a couple years ago, I went out to just get simple daily necessities and found that the atmosphere around it is horrendous; people have become so much more selfish, ruthless and downright mean. Some don’t play fair and most have no patience. I am done with that scene.

Brandon’s foray into flipping two next-generation game consoles [4] drew some good interest from readers. Reader AA warned would-be flippers about the dangers of fraud perpetrated by “buyers” on eBay and other resale venues:

Until the buyer files a chargeback or some eBay scam, then you’re out of money and the console.

Reader NJB nods:

Don’t minimize what AA wrote! I am trying to sell my Harley and get offers all the time from a scammer to pay “my fair asking price” via PayPal and “they’ll send someone to pick up the bike.”

The scam of course is that they do take the bike, then file a dispute and immediately get their money back from my bank account. PayPal favors the buyer so in its case, seller beware.

Tommy Z wonders if there’s a way to gauge whether a product debut has the potential to make money for resellers:

Is there a website somewhere that shows all consumer products (not just new gaming consoles that come out once a decade) that are likely to have demand that exceeds supply and therefore a profit margin is likely?

I also had a great comment on my post about the William DeVaughn classic “Be Thankful for What You Got” from reader Simon at Modest Money:

Sometime last year I was without a job for quite some time. Hard times but they afforded me time for reflection. Its during while seeking inspiration that I stumbled upon this quote by the Buddha, “Health is the greatest gift, contentment the greatest wealth, faithfulness the best relationship”

Am back to better days and each day am grateful for being in good health, having what I have however small (I know it could be much worse) and having the people I love around me. Those come free or very cheap but they matter most

Anything these commenters missed? Weigh in below.

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[1] Tweet: http://twitter.com/share

[2] Email: mailto:?subject=http://www.bargaineering.com/articles/comments-week-game-console-flipping-edition.html

[3] whether they participate: http://www.bargaineering.com/articles/your-take-black-friday-sales.html

[4] game consoles: http://www.bargaineering.com/articles/flipping-next-gen-game-consoles

Thank you for reading!