High prices.... - Page 3

viva923 · ‎03-12-2010

Triple A just did a spring forcast for gas prices nation wide.

Average will be about $2.70 still lower than $4.08 in 2008.

big companies want to make huge profits while profit making is good. when people get tired of paying high prices and fight back with not purchasing whatever item(s) that is (are) overpriced only then will prices level off. Rarely will prices come down unless they need to dump that item immediately to get rid of it asap.

Spurt · ‎03-20-2010

@SharkEwrote:
A299478

This is for the rich kid. LOL

@SharkE

Thats an example of an overpriced line for sure!!!! I won't buy that brand!

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”

SahmIam · ‎04-16-2010

I often wonder this when it comes to the price of homes.....

I've BEEN wondering this for at least 20 years. The fact that my parents paid $16,000 for their house in the late 60's and it's now in the millions....why? Nothing changed about it. Do I think it's worth that much?No, I don't. But I don't think most homes are worth what we are paying for them.

Or houses that are small and cram people in like sardines but cost more than 1/2 a paycheck...why? What if no one bought ANY of those houses?

But they do. And that's part of the answer: because if they need something and that's all there is, they're going to pay it and that's that.

maestra · ‎03-09-2010

We are a capitalist society (Yippee!) and, as such, it is a matter of supply and demand.

That is why we have entrepreneurs.

151949 · ‎03-09-2010

Unfortunately , in our society, many people don't understand the difference between overpaying and paying more to buy the best quality.

sunala · ‎03-09-2010

@LindaSalwrote:
I don' t like ham. LOL

@LindaSal

"That's a great first pancake."
Lady Gaga, to Tony Bennett

Mominohio · ‎08-08-2010

@pigletsmomwrote:
I don't see how this is a moral value.

So no one should buy a BMW until they lower the prices to that of a Kia? I'm never going to have a BMW. If it's worth it to someone to pay for one good for them.

The price of something is what people are willing to pay for. I see some stuff on the Q that I would never pay the prices for. Some people seem happy to though.

Does it only apply to products? I'd love a cleaning lady but can't afford it. Should everyone stop using one until the price lowers? That would be seriously unhelpful to the cleaning lady's wallet.

The more I think about it this is a pretty scary economic policy.

@pigletsmom

It isn't really about moral values. IT is about a socialistic view of society. Capitalism be darned. Regardless of what the market will bear, or what the cost of something is to create, it should be made affordable to the masses based not on supply and demand, but based on the assumption that all are entitled to everything, whether they earn it or not, whether they can afford it or not, and regardless of who has to sacrifice to give it to them. It is a way to 'punish' the rich or those that have achieved by asking them to forgo what they can afford or would pay for something, simply because others cannot.

Based on values, it would be "I won't buy it because I don't believe in killing animals" or "Because I don't agree with the practices of the business selling it" etc.

It's econ 101. The value of something is what people are willing to pay for it. And people shouldn't be held hostage in not buying something they want or can afford at any price, simply because someone else can't. Should they choose that, great, should they be shamed into it. no.

It isn't as though there aren't ham products more affordable, and that is where most will choose to spend. And it isn't as though it is something like a life saving drug that is keeping people's health or life held hostage. That would be a different conversation.

Mominohio · ‎08-08-2010

@LindaSalwrote:
I don' t like ham. LOL

LOL! I guess that solves it, for you anyway!! LOL

blackhole99 · ‎08-22-2013

I don't think it's anything but fair and right to demand a fair price for a product. I totally agree with your economics prof. and hopefully the younger generation will pay attention.

pigletsmom · ‎11-21-2011

@blackhole99wrote:
I don't think it's anything but fair and right to demand a fair price for a product. I totally agree with your economics prof. and hopefully the younger generation will pay attention.

@blackhole99 So you never buy anything that other's can't afford?

I don't buy anything that I don't think is a fair price either. On the other hand there are some things that are a fair price to someone but they are out of my price range.

This professor is arguing that people shouldn't buy expensive and I assume luxury items. Then the prices will go down so others can buy them. Except that forgets about the part where if no one buys they just go out of business.

Economic policies based on someone's jealousy of others will never work. I want a Porsche so no one else should have one until they make them affordable for me?

This professor sounds more like he's in the Social Sciences and not in Economics.