Originally Posted by
randyjawa
Not in my opinion. It is the buyer who drives the price up. Supply never dictates price, demand does. As demand increases, so to does the price per unit, unless supply steps it up to match the increased demand. As supply increases, the price per unit drops, unless there is an increase in demand.
But that is just my opinion. My other opinion is to bring this thread to an end. After all, it has been done to death and we will all have a chance, to do it again, in a week or so.
Not when you have one or more resellers covering a small market area picking up all sub-$100 bikes and reselling them at a marked up price with no value added. You've effectively removed the lower end market and artificially increased prices. Brokers do it all the time. And keep in mind CL is local, not national like ebay.
But....to bring this closer to reality, I see the bike is still listed. Its a shame. For $90, someone could have bought a good bike, and still had some $$ to take to the LBS and make sure its safe. At $299, it will likely sit for quite awhile.