First topic message reminder :
Over the past year I have been fascinated by the price of things that are up for sale. People ask a price at the beginning which when the article is not sold, they drop, which is a sensible thing to do if you wish to sell something if the asking price is not paid in the beginning. Most people always ask what they would like at the beginning then are prepared to negotiate. Items that are used always have had a re sale value, take cars depreciation set at a % if in good condition etc, when we buy an expensive item such as a car most people surely look at whether that model etc holds its value.
Property, in Bulgaria at the moment the drop in asking prices for re sales in just unbelievable, some even being sold at half what the person paid in the beginning, I am not just talking apartments in the coastal resorts but it is now evident in village properties. I am only talking Bulgaria, which leads to me to my questions
1. Do you think that people are doing this because they are selling up and just want to get something for there property and are prepared to take a loss
2. Or that they bought items and property thinking that they would make big profits when selling these in Bulgaria, and property would be worth a lot more in a few years, so now are just trying to off load items even at a loss
3. Or are second hand items now worth nothing,
Just interested in what other people think