The Firing Line Forums

Go Back   The Firing Line Forums > The Conference Center > General Discussion Forum

View Poll Results: Is it wrong to take advantage of the panic buying?
I don't know. 6 5.26%
It's wrong because you are taking advantage of their emotional reactions to the political climate. 11 9.65%
It is not wrong because they are not being forced to buy anything. 97 85.09%
Voters: 114. You may not vote on this poll

Reply
 
Thread Tools Search this Thread
Old December 22, 2012, 05:30 PM   #1
CoRoMo
Member
 
Join Date: October 26, 2007
Location: Colorado
Posts: 38
Is it wrong to take advantage of these suckers on Gunbroker/Armslist?

There have been some very hysterical buyers this week who are all too willing to part with most of a hard earned paycheck just to get what they think are the last Pmags in existence. It's ridiculous!

So if you've hoarded up a good pile of mags, do you think it's wrong to get while the gettin's good, and grab some of the money being thrown around by some of these poor panicked souls?
__________________
"The 2nd Amendment of our Bill of Rights is my concealed weapons permit, period!"
Ted Nugent
CoRoMo is offline  
Old December 22, 2012, 05:56 PM   #2
Venom1956
Senior Member
 
Join Date: October 4, 2008
Location: WI
Posts: 3,656
I can see both sides of the argument.

Yesterday I saw at least 20 ARs sold 99% of those were to people that knew exactly zero about ARs. Some planned on making a fortune, some just wanted to get one before they were 'outlawed'

I also know many people that would love to own an AR but lack the money to get them. What about them?

Also yesterday I saw that 1% from a gentlemen that was planning to surprise his son with an AR for Christmas, thankfully he had it reserved, but it was sad to see him try and locate some mags and ammo at the already cleaned out shop. All he was worried about was trying to find them before christmas.
__________________
E-Shock rounds are engineered to expend maximum energy into soft targets, turning the density mass into an expanding rotational cone of NyTrilium matrix particles, causing neurological collapse to the central nervous system.- Yeah I can do that.
I guarantee you will know it if a bicyclist hits your house going 1000 mph. -Smaug
Venom1956 is offline  
Old December 22, 2012, 06:55 PM   #3
UtahHunting
Senior Member
 
Join Date: March 26, 2009
Location: Salt Lake City, UT
Posts: 428
Like Venom said I see both sides. It comes down to supply and demand. There is 0 supply right now and a huge demand. If the government bans AR's from private citizens, you will only see prices go much higher. (For the first time ever, I think there is a very real chance of this happening). For me personally I can live without my AR if I can triple what I paid for it. And I have had 5 serious offers to sell it for close to this amount.
UtahHunting is offline  
Old December 22, 2012, 07:07 PM   #4
wet
Member
 
Join Date: October 2, 2011
Location: ID.
Posts: 89
At the range today. Saw a buckmaster change hands for 2500 and it was nothing special.
wet is offline  
Old December 22, 2012, 07:12 PM   #5
Brian Pfleuger
Moderator Emeritus
 
Join Date: June 25, 2008
Location: Austin, CO
Posts: 19,436
It's free enterprise.

The only exception are limited supplies of essential items, like electricity, gas, etc. Those are things that are essential to modern society.

People buy stocks (business shares, not rifle parts) every day with the explicit intent of waiting for a price increase and then selling. I bought Apple stock at $17 and sold it at $31. I was pretty proud of myself. One might argue that I "Ripped off" the buyer by charging them 75% more than I paid, except they didn't "need" to buy and they willingly paid what I asked. (If only I'd kept that stock! It's at $519 today!)

There's absolutely no moral dilemma with asking any price for any ordinary piece property. If you LIE, that's one thing. That's wrong. Tell people that this $5 thing sells for $100 all day and you'll give them a deal at $90, that's bad.

Taking something that you paid $20 for and putting it up for sale for $50, $100, even $1000, no issue. That's the free market. Don't like it, don't buy it.
__________________
Nobody plans to screw up their lives...
...they just don't plan not to.
-Andy Stanley
Brian Pfleuger is offline  
Old December 22, 2012, 07:53 PM   #6
MagnumWill
Senior Member
 
Join Date: March 18, 2009
Location: Central Colorado
Posts: 995
So far, I've played it cool. My LGS produced about seven boxes of Pmags yesterday, so I casually strolled in and picked up a couple (at a normal price). They are just too cool, I don't know what I would do without them
__________________
Those who hammer their swords into plow shares will plow for those who didn't...
MagnumWill is offline  
Old December 22, 2012, 08:30 PM   #7
SVO
Senior Member
 
Join Date: December 20, 2009
Location: Texas Gulf Coast
Posts: 728
Brian makes several good points. Let your moral compass be your guide.
SVO is offline  
Old December 22, 2012, 09:46 PM   #8
gators52
Member
 
Join Date: December 8, 2012
Posts: 18
The value of any good or service is based on what people are willing to pay. This kind of thing happens all the time. Buying a winter coat is much more expensive during winter than buying one in the spring.

The prices of guns remind me of the housing bubble that burst. Obviously there is a real threat to a ban on certain items, but who knows if that ban will happen. If it does will it either expire or be reversed sometime in the future.
gators52 is offline  
Old December 22, 2012, 10:34 PM   #9
dspieler
Member
 
Join Date: October 18, 2012
Posts: 25
I for one am looking forward to Feb, Mar, April when alot of these ARs and such hit the market because the folks that rushed out and bought them found out that they couldn't afford them.

I predict that there will be deals.
dspieler is offline  
Old December 22, 2012, 10:42 PM   #10
Joe_Pike
Senior Member
 
Join Date: December 30, 2010
Posts: 1,505
You have to be smart enough not to get swept up in the hysteria. If owning an AR was important to you, you should have picked one up at any time during the last four years. There were some tremendous deals out there. Same with mags. I would gladly sell my RRA AR for triple what I have in it if somebody wanted it. I'd also sell the 15 PMags I have for $60 each if someone was silly enough to pay that. I don't think I'll actively try and sell them, but if it came up I would certainly do it. Then I'd go buy me a nice bolt action 22-250, some ammo and a 1/2 oz of gold.
__________________
Stay Groovy

Last edited by Joe_Pike; December 22, 2012 at 11:01 PM.
Joe_Pike is offline  
Old December 22, 2012, 10:57 PM   #11
lamarw
Senior Member
 
Join Date: April 12, 2010
Location: Lake Martin, AL
Posts: 3,266
If you question their judgement, then why should they be allowed to purchase a firearm. It is a slippery slope, and I would prefer to think the buyers have their sanity.
lamarw is offline  
Old December 23, 2012, 04:34 AM   #12
psycho nut
Senior Member
 
Join Date: June 3, 2005
Location: Nebraska
Posts: 480
I think that it's totally fine. I wouldn't part with my AR for really anything. It's also a left handed Stag, so there's that going against it.

It's just a seller's market right now, in 10 months all these people spending multiple thousands of dollars on run of the mill products are going to take a huge loss and we'll be talking about the insane amount of cheap ARs and their excesories.
__________________
I can't spel.
psycho nut is offline  
Old December 23, 2012, 04:43 AM   #13
LockedBreech
Senior Member
 
Join Date: July 6, 2009
Location: Rocky Mountain West
Posts: 3,395
Most likely if I sold my Daniel Defense with its Pmags right now I could get upwards of 3k. But I'm juuuust a bit too uncertain about the future.

I don't think there is a moral issue unless you lie. If the market will bear $100 per Pmag, so be it.
LockedBreech is offline  
Old December 23, 2012, 06:08 AM   #14
SHNOMIDO
Senior Member
 
Join Date: June 23, 2011
Location: Illinois
Posts: 423
I think its the free market in action. Its not your fault everything is upside down right now, you didn't wish this would happen. If you sell at less than the going price someone will pick them up and resell at market price anyways. Why give the profit to a stranger? The end user is going to get "ripped off" either way.

The only thing i can see is that maybe as an indirect consequence it would make a new enthusiast bitter that his first purchase was during a scare and he paid more than he wanted to. Might lose more people on our side from the sour taste of his/her first purchase...but they have to realize its just timing. Gas, beef, baseball cards... its not just guns that wildly vary in price.
SHNOMIDO is offline  
Old December 23, 2012, 04:55 PM   #15
Hairbag
Senior Member
 
Join Date: October 22, 2010
Posts: 449
I would not part with any of my rifles unless it is to fund another rifle purchase. Don't be too sure who the sucker will be in the end.
__________________
I'm hairbag and I approve this message.
Hairbag is offline  
Old December 23, 2012, 07:30 PM   #16
chiefr
Senior Member
 
Join Date: January 27, 2010
Location: AR
Posts: 1,401
People are being reactive when they need to be proactive.

Proactivety begins when you write, call, or email your congressman expressing the need to preserve the Constitution and the Bill of Rights despite the political climate. In particular; The Second Amendment
chiefr is offline  
Old December 23, 2012, 08:58 PM   #17
Tom Servo
Staff
 
Join Date: September 27, 2008
Location: Foothills of the Appalachians
Posts: 12,563
If we word it as "taking advantage of suckers," then yes, I have an ethical problem with it.

As others have mentioned, if there were to be a ban, I'd have divested myself of the very objects I can't replace.
__________________
Sometimes it’s nice not to destroy the world for a change.
--Randall Munroe
Tom Servo is offline  
Old December 23, 2012, 08:58 PM   #18
vytoland
Senior Member
 
Join Date: August 23, 2008
Location: Illinois
Posts: 614
we are all big boys and girls. spend your $$ wisely. once its gone, it dont come back and you may need some when you get old.
vytoland is offline  
Old December 23, 2012, 09:04 PM   #19
Alabama Shooter
Senior Member
 
Join Date: December 20, 2012
Location: Sweet Home
Posts: 886
Quote:
If we word it as "taking advantage of suckers," then yes, I have an ethical problem with it.

As others have mentioned, if there were to be a ban, I'd have divested myself of the very objects I can't replace.
The number of NIB guns for sale at large mark up by low or first time sellers would seem to indicate that some people may be buying guns and then reselling them at a large mark up. They already have guns but are trying to make money by taking advantage of a short term demand/ supply issue to profit. This exacerbates the problem and increases profit for the people who participate.
__________________
Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday.
Alabama Shooter is offline  
Old December 23, 2012, 11:31 PM   #20
alex0535
Senior Member
 
Join Date: November 4, 2012
Location: Georgia
Posts: 908
supply and demand. they demand it, so you supply it. everyone ends up happy.
alex0535 is offline  
Old December 23, 2012, 11:43 PM   #21
dahondaboy
Junior Member
 
Join Date: December 23, 2012
Posts: 12
i have one part left to complete my build, i have been working on it a long time, all i need is a bcg and i am on a limited budget so i have been saving up to buy a part at a time, now i go to buy a part that normally is like 125-150 and i cant because they are 350 dollars now. i think the part hoarding and price rapeage is wrong when you are preventing the little guy who just wants one rifle from having that.
dahondaboy is offline  
Old December 24, 2012, 12:19 AM   #22
couillon
Member
 
Join Date: August 3, 2012
Posts: 58
Hang on a while. Your part will come back down. It is a sellers market for now. I see no problem with sellers letting things ride on the auctions. It is a luxury item. No one is making people bid on them. More power to them. It's not baby forumula after a hurricane. One tactic might be to put up another overpriced item out for trade for your bcg. For example if you have extra pmags, they are like gold bars right now, put three or four up for trade in the usual places. I bet you get some bites.
couillon is offline  
Old December 24, 2012, 02:48 AM   #23
Sport45
Senior Member
 
Join Date: May 25, 1999
Location: Too close to Houston
Posts: 4,196
PM sent to dahondaboy.
__________________
Proud member of the NRA and Texas State Rifle Association. Registered and active voter.
Sport45 is offline  
Old December 24, 2012, 07:13 AM   #24
Cascade1911
Senior Member
 
Join Date: February 27, 2011
Location: Dutchess County, NY
Posts: 450
Our market system is based on supply and demand. The watchword is "Let the Buyer Beware".

Having said that, there were certain gas stations that inflated their prices after Sandy hit. I don't care if they sell gas now at $.20/ gallon less then other stations in the area I will not buy from them. There is one station in the area that is the only one with a generator. A little over a year ago, after a major storm knocked power out for days, they were the only station selling fuel in about a 10-15 mile radius. They had lines that reminded me of the 70's. They did not raise their price. I'll assume they made a lot of money but they easily could have made much more.

I make a point of buying my gas from them when I'm in that area (often) even though they are always $.05-$.10/ gallon more. I am happy to pay the extra $.50-$2.00 to support a neighbor who not only doesn't take advantage of his customers but supports them.

Here at home I speak with my neighbors and urge them to remember the local stations that jacked up their prices and to remember those that did not. I urge you here to remember the local and online dealers who didn't "take advantage" of their customers and those who did.
Cascade1911 is offline  
Old December 24, 2012, 07:28 AM   #25
Kreyzhorse
Senior Member
 
Join Date: April 12, 2006
Location: NKY
Posts: 12,136
Personally, I think it's wrong and wouldn't do it.

However, I also believe you can ask any price you want. It's a free market after all.
__________________
"He who laughs last, laughs dead." Homer Simpson
Kreyzhorse is offline  
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:24 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
This site and contents, including all posts, Copyright © 1998-2018 S.W.A.T. Magazine
Copyright Complaints: Please direct DMCA Takedown Notices to the registered agent: thefiringline.com
Contact Us
Page generated in 0.10205 seconds with 9 queries