Poll......Greedy or Smart!!!!!!!

[dan j]

I don't think greedy and smart are mutually exclusive traits.

[FutureChief88]

Originally Posted by dan j

I don't think greedy and smart are mutually exclusive traits.

Very true..

[Freudian]

A product is only worth what someone will pay. This market these days has learned that people will pay ANYTHING for many products. We have accepted a price of $1.069/L for regular gasoline when in 1999 it was only 54c/L. 600 ml Coke used to be a 500 ml and cost 89c, now it's generally $2.03. This sort of inflation is insane, considering salaries have not all gone up.

We live in a world where salaries are not equal pay for education and/or experience or the type of work. Same work in NB for 10/hr can pay upwards of 30$/hr. Pretty crazy. I just heard of a guy going to work in some sort of mine for 50$/hr with no experience or education.

Anyhow, if someone can get 3x the price of something because someone will pay it, then let them. Just don't pay their price if you don't want to and/or can't afford it.

CHeers

[JustWatching]

Greedy or Smart? Both....it is all about supply and demand...if someone will pay the price...then someone will sell a good or service at insane prices.

In another thread people were talking about pay day advances (Money Mart or Cash Mart) - isn't it along the same lines....someone is willing to pay 30% interest because they need/want it.

It all boils down to the same thing....if you can't or won't purchase an item because of the high price and if someone else wants to pay an inflated/insane price...well as been said in other threads...it's their money....they can do with it what they want.