To: Ramius
I'm sure they make a good living, but probably not so much as you suppose. They seem to pay about half of what they think something will sell for. Then they've got overhead to pay out of that... store rent, wages, bills... their margins probably are pretty thin.
Not only all that, but when they buy something, (especially bigger items) it tends to just sit on their shelves for a while. Making no money. Some items may have a quick turnaround, but alot of them are just money sitting on their shelves, doing nothing.
They do. People refuse their offers all the time. The pawn guys also sometimes just don't make offers on things that they think they can't sell easily, nomatter the price. They also don't buy super-big ticket items either. Tying that much cash (like $500K) up in one item is a huge risk if it doesn't sell right away.
Yep, there's several times I've seen people refuse their offers, or they refuse to make an offer. Also, there are a couple times where Rick tears into Corey/Chumley for making a large purchase, because its hard to sell/make money off of.
To: Svartalfiar
Some items may have a quick turnaround, On one of the shows, they mentioned that there is a law that requires them to hold anything they buy for a fixed period before they are permitted to sell it. I can't remember how long it was, but it struck me as a long time; either three or six months.
When they say "put it in the back," that's what they are talking about. It sits back there until it can be legally sold.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson