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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
sugarbrie
3,854 posts
 
It hurts more when you it won't sell.
czbbcl's avatar
czbbcl
1,752 posts
 
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.
joeldoss
94 posts
 
Everything I own (cars and audio gear) is used. I still take a hit when I sell put it's a smaller hit and not a painful.
avguygeorge
2,300 posts
 
I (so far) usually move up,so the pain is offset by the new toy. Sort of like if you have a head ache and then you stub your toe,severely; the head ache doesn't seem as bad.
mdomnick
332 posts
 
I think most people list the retail price of the item when it was new, and base the used price off that. I don't list an item until I know what others are selling it for, and thats how I base my price. One must expect to take a loss when selling an item, but luckily, I haven't been hit too bad. I can't seem to sell my Marantz DV18, and I've got it listed for less than 50% for what I have paid. I've decided its just not worth selling at this point:/
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