Happy, but also a little depressed

Plumberdv

Plumberdv

Joined
Sep 26, 2008
Messages
8,160
I haven't been buying my Bucks as an investment, but I just got a little depressed when I realized actually what some of the great deals I've found mean. I think that there are some folks out there who are in such dire straits that they are selling some of their treasures real cheap in order to just stay afloat in this economy. :( Or maybe the seller just didn't have a clue?

I loved finding this one at a Buy it Now price of $110 plus $8 shipping, but that's about 1/2 of what the wholesale price would have been if I understand it correctly. List price in the catalog was $440 and this one was signed by CJ this year.

mygen5.jpg


Sobering thoughts.
 
Plumberdv said:
I haven't been buying my Bucks as an investment, but I just got a little depressed when I realized actually what some of the great deals I've found mean.
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Don't be. You're keeping us afloat. I had to sell my Harley, my Bridgeport, my South Bend lathe, 95% of my weapons, and my sports car, just to keep my house. I can get along without all that stuff...except my house... ;)

Buy more stuff. I need a new roof. :D
 
He could have got it in a trade and wasn't in to knives... You will never know for sure... I buy if the price is right for me... I may have to sell all my knives someday too... I could get $50 for A knife that I bought for $150... That's why I hate to pay retail for any knife... But I will if I really like the knife... That's why BP loves me...
 
Pumb,
Great lookin knife, I hear what your saying about the state of affairs. I remember seeing a BCCI knife on the bay and thoughtlessly questioned why anyone would get rid of a knife like that on a forum thread.:foot:
Getting rid of things when in need shows a great deal of character in my opinion. Being in the auto industry, I never know when things could change for me in heartbeat. If they do, I can only hope I react with good character.
Fritz
 
Ya, that one came from the Idaho sale earlier this month. Was able to score a guitar gen-5 down there too. I'd say economy had something to do with it aswell, it was going for $125 at the show and $1 for signature. Found out that they did not meet there quota of 1000 keep that in mind for the future.
 
They are just material things... House, food, electricity all come first.

It is sad that a lot of people are in bad of financial situations.
I don't feel sorry for the people that borrowed 125% on a house they couldn't afford in the first place, and have 2 new rigs, boat, trailer, atv's etc sitting in the driveway. A lot of those people were living right on the edge, and so far over their means to begin with.
That is why I live in a not fancy house, and have two rigs that aren't new.
If I miss a day of work, its not a catastrophy.
Our neighborhood really hasn't seen many foreclosures, but we are surrounded by 3- 600,000 dollar homes and it is a different story in those neighborhoods.
 
crosman177 said:
Ya, that one came from the Idaho sale earlier this month. Was able to score a guitar gen-5 down there too. I'd say economy had something to do with it aswell, it was going for $125 at the show and $1 for signature. Found out that they did not meet there quota of 1000 keep that in mind for the future.
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Thanks for the info. The seller was from Cobert, Washington. I don't know how far that is from Post Falls, but maybe that's where he got it also.
 
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338375 said:
I don't feel sorry for the people that borrowed 125% on a house they couldn't afford in the first place, QUOTE]

I agree. When I went back to work for a few weeks last January, one of the other Supervisors was in that situation. The guy had a good steady job with a huge utility, but got into a house way over his head. I believe it was one of those loans with a low low interest rate for five years. He "said" his plan was to sell (or refinance) before the end of the five years and maybe make a bundle, but when the market bombed, he was upside down on the house with no light at the end of the tunnel. I don't know what's happened since then, last time I called him at home, the number was no longer in service.:eek: I've been afraid to call his cell to see what's up.
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Yep, the perils of house flippin or betting the bubble.
You can flip your T-hiney right into a bankrupcy.
Buddy of mind tried it; worked his tail off on this house and was lucky he got his basis in the house back out. The guy lost 50lbs from the work and stress.

I talked him into stopping with all the bigger house, bigger house business and go pay for one and put the deed in the safe and then life is easy...covering the tax man, insurance, and the electric is a cake walk really. So he did, Madison MS...3650 sqft, lakefront, 4 acre yard, additional detached two car garage/shop, and smallest house in the hood and only $400K and paid off. He is a happy camper and that wife of his finially saw the light and got happy about too.
 
A lot of folks don't have fancy investment plans or have a lot of money saved...They have 'Things'.....If you buy your 'Things' right you get to enjoy having/using them and when your cash flow gets tight you let them go....I knew a guy out in California who would buy a really nice used rifle before hunting season and then sell it after the season was over with..He told me he got to use a better gun than he could to really afford to keep ,try different calibers,and most [not all] of the time make a little profit...But it cost him a LOT of TIME!!! I think there are a lot of knife collectors like that too..For a little while they to enjoy 'owning' many different knives...I just could not let any of my 112's go..just to have a different one in my display..
 
Plumberdv said:
Thanks for the info. The seller was from Cobert, Washington. I don't know how far that is from Post Falls, but maybe that's where he got it also.
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You must mean Colbert, Washington which is about 12 miles due north of Spokane.

I recently sold some of my knives to cover a higher than usual tax bill. I only sold those that were not part of my "core" collection. (I didn't know I had one!!) Everyone who has a brain is being very conservative these days. I told my wife that there will be no new debt going forward. We will be paying cash only. If that means saving for a couple of years for the big items then that's they way it has to be. She is putting off her trip back to the Philippines to see her mother until late in 2010 and I volunteered to stay home.) :o
 
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