I agree with Kirk above. I never buy for less than 20-30% off list if new and 40-50% off list if used less than 2 years old. And I usually keep the equipment I buy for a period of time say 5 years. My current CD player is 10 years old and I am looking to upgrade. The rest of my equipment is less than 2 years old.
Does it hurt when you sell at a loss?
I've been into this audio hobby for 30 years, and I am afraid to actually tally up the money I have spent, as well as the money I have lost when I have either sold or traded in equipment. I'm sure there are other hobbies and habits that can cost quite a bit, but I have to wonder, when I see a Linn CD12 up for sale for 11k, does the original owner actually lose 9k in the process. How does everyone justify this behavior, or are we trapped psychologically somehow?
Thanks I would appreciate some feedback.
Thanks I would appreciate some feedback.