Does this forum drive down pricing??

[FishyFishy!]

Yeah it has nothing to do with driving prices down, but everyone is looking for a good deal. It's 100% situational. The free live rock guy has a leaking tank, and has to get rid of it right away. I would do the same thing (if I didn't have 1000 other backup tanks lying around my house lol). I would much rather sell something at lower value on here, not only to give others a good deal (lets call it reciprocity), but so that it dosn't sit around my house and take up space.

Here's how I do it.... look at what others are posting their prices at and start around there. If it disn't sell... lower the price $20 a week until it sells. evenually it will.

Sometimes you just have bad luck. No one needs that particular item at the moment, or just dosn't have the cash. Keep at it! lol.

[Coralgurl]

All good points for sure. What I like about selling/buying stuff here is getting to meet other locals that are actually active on the forum and maybe I'm naïve for thinking, but I trust people here a lot more than random people on kijijji. Its also a what goes around comes around thing, I'd like to think anyway.

I've only had one bad experience selling something. For the most part, buying and selling is worth the price simply because of this community. I just get annoyed because I'm one of those that went out when I first started and bought live rock at Pisces at $10/lb, then see it super cheap or free here...not that I need live rock now, but .....

I was not complaining about pricing or anything as I've certainly taken advantage of the great sales here, I'm not bitching about how things are traded or negotiated. But ya, its like buying a new car, as soon as you drive off the lot, its value drops like 35%. Guess its the same here too... and this thread was not started as a result of my experience, just a thought I had when I saw the free thread as I know there's at least 1 other thread trying to sell LR....

[Hwyman]

There are deals such as the free live rock on Kijiji as well! Some of my cheapest and my most worthwhile purchases of livestock, tanks, and other equipment have been from there. The difference is, once sold on Kijiji, the ad disappears. On CanReef forum, it exists "forever". If people want a good deal, they spend more time looking for it. If items for sale are of good quality and reasonably priced, they sell equally well on either site........

Just my $0.02 worth

[Coralgurl]

Originally Posted by Hwyman

There are deals such as the free live rock on Kijiji as well! Some of my cheapest and my most worthwhile purchases of livestock, tanks, and other equipment have been from there. The difference is, once sold on Kijiji, the ad disappears. On CanReef forum, it exists "forever". If people want a good deal, they spend more time looking for it. If items for sale are of good quality and reasonably priced, they sell equally well on either site........

Just my $0.02 worth

True enough!

[Reef Pilot]

Well, actually, it is the buyers who set the price. Stuff is only worth what people are willing to pay for it, whether it is a car, house, stock, or reef livestock and equipment. If you can't sell something within a reasonable period of time then your price is out of line. Same applies if it sells the first day, or hour. So that is why a little search on canreef is a good idea before deciding on what your listing price should be.

[Rodney]

The way I see it on here anyway is that 90 percent of us already have setups on the go so it's mainly the addiction that drives us to aquire more and more. It's not out of necessity so much as desire so most here are willing to wait for that crazy deal. I do agree it's more hardware than livestock

[Zoaelite]

Does this forum drive down pricing??

Quick economics, ignoring most factors: Forum results in an increase in demand, if the supply stays the same then in theory the price should INCREASE, not decrease.

To give you an example of this, with out the use of a forum for people to see lets say "Tyree Space Monsters" there would be less demand, less people wanting it drives the market price down. I would argue the opposite, a forum increases prices because it increases demand.

That being said the above statement really doesn't hold in a real world argument, too many factors to directly correlate this forum with a supply/demand market.