It's the thought process you learn by having some financial issues in life. You feel guilty for owning expensive things instead of selling them to buy other things.
I have the same problems with trading cards I own from a long time ago that are now expensive, I can keep them for sentimental reasons or sell them to put it towards some bill
If you think its insane to spend that amount of money on it (essentially: it's not worth that much to you), then you holding onto it instead of having $1300 is pretty much the exact same scenario? By holding onto it you're saying it is worth that much to you.
It sounds like believing you hunted down a 'deal' causes you to wildly change how you perceive value at an emotional level.
I would probably do the same thing. It's just funny to see expressed on HN where everybody complains that advertising and marketing are evil/scams and proclaims loudly how rational they are.
He wants the thing. He does not value the thing at 1300 dollars so he would not buy it for 1300 dollars. He found it for a lower value, he kept it because the point at the start was he wanted the thing.
On the topic of HN users, is it our collective first day on earth?
it could simply be that you value owning the object in terms other than money. sentimental reasons, completionism tendencies, novelty, some other "non-rational"/emotional reason; any of these can have a stronger pull on the mind than $1300 to someone who doesn't immediately need the cash for survival. i have some records like this (not in that price-range but still) along with a few other collectible items (some rare handmade keycaps that were going for over $500 a piece at one point) that I refuse to part with for money because i just... like them :)
> On the topic of HN users, is it our collective first day on earth?
The disease of financialization at work. Money is all that matters to people, everything is converted into money. It's only value is what you could get from selling it, and/or what you spent to acquire it.
Like those weird fuckers who buy $200k supercars so they can sit in a damn garage. (She said, having put 30k miles on a Corvette inside of 3 years)
I don’t see any sign they own the original pressing which is $1300. Instead they own the 1977 remaster which apparently sounds as good as the original pressing though I don’t own the original. The 1977 remaster sells for between $5 and $50 depending on grade. I paid $3 for mine and it might be worth $25 or $30 of if I did a lot of leg work.
You’re making a lot of assumptions here in your thinking. The first one is that you can just randomly turn around and sell that record for $1300. Hitting those peaks usually only happens with in person sales or amongst collectors who know each other well. It’s incredibly expensive to get to that point and requires thousands of hours of work. For a normal person without extensive contacts, it’s still a lot of leg work for a fraction of that price. That might yield maybe $30 an hour.
Some people value their time higher than that; it’s really not that deep.
Emotionally, it feels different. It's fascinating to see downright angry gut reactions!
A few years ago my friend was selling his expensive camera on Kijiji. I asked him to sell it to me for slightly less as a friendly discount. He told me that's the same as just randomly one day giving me a wad of cash, so why would he do that?? I thought he's crazy and was a little bit offended. Actually maybe a fair bit offended!
It took me YEARS to realize that 1. He's absolutely completely Inarguably correct, and 2. People would find me no less crazy if I adopted same perspective.
Buy for $x, have and not sell for $x, same mathematically. But oh boy will people get instantly riled up emotionally :).
I'd be inclined to pay more for it getting it from my friend than on a second hand marketplace. It removes the chance I'm going to be scammed, or the product isn't as described, or the seller will leave me a bad review.
On the other hand, I wouldn't ask my friend to pay more if selling, so maybe a par price is fair.
> Buy for $x, have and not sell for $x, same mathematically. But oh boy will people get instantly riled up emotionally :).
Price and value are not the same. The logic of your friend was basically putting a price on how "special" (or not) he saw your relationship versus some rando-buyer online.
That is why people (close to you) get riled up emotionally: they're being treated in a way no different than a complete stranger.
If you ask your friend for $100 for no particular reason, just because you want $100, that's an annoying request and "no" is a reasonable response. It's not putting a price on your relationship. It's technically the same answer they'd give a stranger, but that doesn't mean you're being treated like a stranger.
(I do think a slight discount often makes sense just because a friend is probably quicker and easier to deal with. But anything more substantial turns into asking for free stuff, and yes and no are both perfectly fine answers to that.)
That's the thing. This was a $3000 camera. A 20% friends discount is 600. We've been best friends for two decades, but most days he doesn't give me $600 on cash. Don't get me wrong, we don't keep track who paid for dinner or cinema ticket or whatever. But there IS a threshold at which it really becomes a random cash gift.
Yes dealing with friends is nicer than strangers - but also when you're selling stuff, sometimes it's better to do strangers. Expectations of long term service and support are clearer and have more defined boundaries.
"Buy for $x, have and not sell for $x, same mathematically."
Sort of. People are being less irrational than it sounds if you account for transaction costs. There's a lot of stuff I might "sell" if I could point a video-game-like pointer at it and right click and hit "sell", and it just instantly disappeared and money was credited to my bank account. Perhaps even more if buying was just as easy and I didn't need to hang on to something like my drill which I don't use very often and I could trivially "rent" it from the market by buying, using it, and selling in mere minutes.
But in practice one-off selling for anything less than $100 or so is a waste of time because there are significant transaction costs for one-off events like that.
Yes, strictly true, but friendship is worth it, no? Do you spend a couple of hours with a friend and then hand each other bills for the hours? Clearly there was a[n opportunity] cost to both of you, after all. Just spending time together without charging would be like randomly handing over a wad of cash ...
>Buy for $x, have and not sell for $x, same mathematically.
They're not the same.
£20 item to buy, I have £100; buying leaves me £80.
Either, I have £100; not buying/selling leaves me £100
£20 item I own, I have £100; selling leaves me £120.
In the first case maybe I can't make rent now. In the last case I have more cash, but then I need to spend money if I want entertainment/utility that the item had. In the first case I lose 25% of my cash; in the last I gain 20% (this matters when you're sharing your money across different needs).
If you're trying to make rent right now it makes a difference. In the long run it's looking at X income and comparing how much better/worse off you'd be with X-1 and X+1 income, and those two deltas are almost the same. The fluctuation in value of the object will make a bigger difference than the technicalities of buying versus selling.
> He thinks that way because it's the only correct way to think.
I typed up something, but ended up almost antagonistic. I realize I just feel sad that for some people money is literally the single goal in their life, seemingly nothing else matters.
Why? We know the price was $1300. Doesn't mean anyone would buy it for that much.
So try lowering the number and see what you think?
The value is what someone is willing to pay for it.
I have the same problems with trading cards I own from a long time ago that are now expensive, I can keep them for sentimental reasons or sell them to put it towards some bill