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Author: UsuallyReasonabl Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25820  
Subject: Re: EBAY's Price... Date: 8/23/2001 1:51 PM
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I don't know, Jimi, think about it. Foreclosures = people moving out of their homes and into less expensive (and probably smaller) homes or apartments. Can you say "Garage sales"? If eBay is the world's largest flea market, as I have heard some people say, then it will get not only the revenues from the foreclosure sales, but also from the residents who want to get the best prices for the stuff they don't want to move.

I'm not quite sure whether or not you're kidding, but assuming you're not, I've grown weary of this "logic":

1) If the economy does well, eBay does great, because more people have more money to buy stuff.
2) If the economy does poorly, eBay does great, because people will be looking for bargains (or, in your version, looking to sell their stuff).

These cannot both be true.

I submit that #2 is the more ridiculous argument; if people have less to spend, they have less to spend, period. Under what conceivable circumstances are people not looking for bargains? The assertion that they will only do so, or will do so with considerably more fierceness, during a recession, is ridiculous.

UsuallyReasonable
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