The economics of pawn shops

[Overnight]

The variance on the Nintendo Playstation should be infinite, since the item does not exist.

 

[murray t turtle]

Had my eye on a Mosin Nagant 91/30 about a decade ago -- and before the explosion in their prices. Still, this one was cherry -- matching numbers, *nice* action, and beautiful furniture. For $71. But I was hunting for a crappy lawnmower [rental-bound/theft-likely], and needed to keep on business. Returned twice more; still there. Returned with cash-in-hand, on-task to buy the damn thing: they'd dropped their firearms license and were no longer dealing.

And right at that point is when MNs started climbing. Current market price? Not $60-$300, but $300-$800, ferchrisakes. Moved too slow. (Still a beauteous weapon, though -- even the round looks beat-em-up worthy. )

At any rate, I live in an urban environment, and theft it too common to buy new tools/etc, so whenever a big project comes up, I head to the pawn shops, and buy for a quarter of what I'd spend for new. (Or less!) But as an economist, the posted article is a great read -- Thanks, dealmaker!

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I called another gunsmith on that Remington also, before I bought it. Winchester, Marlin, S&W+ Colt's hardly ever go wrong, even though one of my Marlin has a broken firing pin. Good place to buy some stuff...................................................................

 

[El OchoCinco]

Pawn shops are a buyers market. A persons loses the minute they walk into one to pawn something. if you have gold or jewelry the best thing is to just sell it outright, not pawn it.

Pawn shops are great places to shop, not to borrow money. If you are that strapped for cash you want to pawn a ring, you would get more money selling it and saying good bye to it.

 

[Windlesham1]

You have no idea what it means to be poor outside of the welfare states like NY , NJ and California. FYI these states are overly generous. Your lack of empathy is telling of your character.

that's another argument -but when I had no money I walked everywhere and lived on porridge for 2 weeks-with no money for heating. We are all equipped to deal with finances differently and no amount of education seems to change that. I do feel that the media keeps banging on about how 'we're worth it' to keep the consumer eager to spend. I think the lady in question has learned her lesson, so maybe it's no bad thing if others learn too.