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.
cody

Showing 1 response by fbi

~~~~Cody, some people have more money to play with. If audio person "A" makes $30k a year, they will be more concerned than Audio person "B", who makes $300k a year. To someone who makes $6k a week, a loss on a new component isn't as big a deal as Audio person "A" would think it was. Not to say people like to take a loss, it doesn't make them lose any sleep.

~~~~Moving on to the new and improved model is thrill, like a gift wrapped present. If one gets their enjoyment by trying out new gear, so be it. We all spend some money on unprofitable items. It just hurts some of us more than others.

~~~~Just The Facts,