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Prices.
I just saw two different carbines sold and for sale, One was sold at auction and one was asking priced. The auctioned one was an IBM rebuilt with a couple of magazines in a pouch, bayonet and sling. Sold for $3525 plus shipping. The second on is a rebuilt S'G' with 6 magazines and 1000 rounds of ammo for $2100. Both of these are at most $1000 rifles. Is it me or are the dummies of the world coming out of the wood work?
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10-05-2020 09:51 AM
# ADS
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Originally Posted by
Bruce McAskill
Is it me or are the dummies of the world coming out of the wood work?
I don't know about where you're from but where I'm from...they weren't ever hiding!
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Its COVID-19 madness. I think that people are going "bucket list" crazy - they are doing anything to raise their spirits.
Some do, some don't; some will, some won't; I might ...
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One word: Election or maybe it's two words: Election Paranoia
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Just my opinion: The RTI carbines appeared to renew broad interest in the M1 carbine. Limited supply and high demand. The gov't continues to print money like crazy and take on a massive balance sheet. Real inflation is much higher on goods people want/need.
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Picked up my Inland for $600 at one of my local gun stores in southern California. This was in April during the start of the COVID stuff. I think some of these people have nothing better to do than surf the net, see really nicely staged and lighted pictures of rifles with awe-inspiring descriptions, and then use their stimulus checks to pay for them.
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Well, can you fault a guy for trying? For example, there's a house around the corner that just sold for $340k. This house has been for sale (and sold) more times than any other house in our addition, at least 10x's in the 32 years we've lived here (to my thinking something must be grossly wrong with it). Two houses away, my home's appraised value is $235k and it's (at least) twice the house. Then there are the two new houses built across the street that just sold for ~$380k each (reasonable for brand new builds). Why would someone so obviously (to me) overpay by $100k for a house? Makes overpaying for a carbine look pretty tame...
Russ
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Carbines, ammo, firearms in general, houses, etc. Many things are a sellers market right now. Now is not the time to buy if it isn't necessary. If it is necessary then more then likely you are going to pay for it.
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And underlying it all is the fact that the dollar isn't worth much now (and will be worth less tomorrow if the "G" keeps printing money..). Every time I see someone going on about how much gold is worth now it tells me the opposite story - that in fact our dollars are worth less and less -in actual buying power... There's little incentive unfortunately for this cycle to reverse since it's all too easy to borrow money now - that you'll be paying back tomorrow with dollars worth less than they were when you did the initial borrowing... and so it goes.
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There are groups of people that have good incomes and work for the government, county, whatever. They have good disposable incomes and money isn't considered a problem. Then there are flat busted people and some in between. A lot of people are well off because they are spending their parent's money that came to them by inheritance. If you are on the excitement plan for a carbine $1200 sounds the same as $1000, $1500 sounds like $2000 etc.
My brother sold his house in Belmont for $1.2M a three BR 1 bath klunker that happens to be in Silicon Valley. He moves to Arizona and proceeds to run through all but $200K. That's his nest egg. Then he gets a tax bill from Calif for $160K and he says he's poor again. I tell him no, you still have $40K in the bank, you just need to spend wisely. $1M in 1 Year. Money looks different through his eyes than mine. Everyone has their own reality.
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