121–130 of 203 posts
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40% in 2-3 years is unlikely, but still happens. Small town + business taking off can quickly dry up all available housing. I suspect if you look around say the Tesla Gigafactory, local housing prices had a massive spike at some point.
Yes, I said unlikely and I meant it?
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Well and of course free sometimes begs "so what's the catch" In which case very cheap sometimes works. Like, "I'm not looking to make money but help me cover gas and venue rental"
Not in this case. I live in a town with a high unemployment rate and lots of homeless. I am newly off the street and would like to help people in dire straights. They don't have money to spare.
My friend does exactly this between IKEA and Ebay. Here in Australia, IKEA does not ship (not sure if they do else where) so she buys a heap of items at the Ikea stores and flips them online. She's been doing it for years and does pretty well at it. Here in Australia, IKEA stores are few and far between so her arbitrage is a huge value add for a lot of her customers since IKEA cannot (won't?) ship and traveling X KM'…
I used to think IKEA was insane for running such a "20th Century" business model for shipping their products. The fact that you cannot purchase anything from IKEA's website and have it delivered without incurring a $129 delivery fee is crazy when taken at face value. However, I've come to understand why they have limited their delivery service. Their flat pack products are their profit centers and the packaging that…
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Not in this case. I live in a town with a high unemployment rate and lots of homeless. I am newly off the street and would like to help people in dire straights. They don't have money to spare.
Maybe present it as a barter deal?
Maybe if I were representing some religious organization, people might buy that I am just well meaning. But, I don't do religion.
:/
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Ah, thank you for the comment. I'm guessing IKEA don't ship any where in that case and that isn't specific to just Australia. Paying some one else for the luxury and buying it through an online medium like eBay is a pretty decent alternative to a 2.5 hour drive.
It delivers in Canada. Both small items by post, and large items (furniture) for $100 flat.
Both well worth it when you're furnishing a new place and purchasing 4-digits worth of stuff.
Ikea does "show-rooming" right.
I recently bought something from eBay (didn't search on amazon for some odd reason), and I received it from Amazon. Turns out the seller has an Amazon prime account, and all he does is provide the ebay-buyer's address on checkout. He netted $2 on a $12 product, and I found it amusing.
I've seen Ebay sellers with tens of thousands of items posted, all from Amazon.
Interestingly enough it seems that public mentions of this don't destroy business. Here is a Planet Money podcast from 2015 http://www.npr.org/sections/money/2017/07/26/539552579/episo... . I thought at this time the days for arbitrage like this would be counted. Apparently not.
The exploitation of the strategy can be limited by two factors: "labor" and "capital". It sounds like labor is the more limiting factor, though. Also, some of these prices aren't set at maximum profit per item, but there are other factors involved. For example clearing warehouses or attracting customers. In many cases, I suppose Walmart should be coming up with a way to sell direct to Amazon, but that may not be what…
From their perspective Ryan is probably helping them out by emptying their clearance stock faster. If the local manager was smart he'd keep his number on speed dial.