Not everyone wins on Ebay. Lookup 320863832979. 32GB wifi SOLD for $650 with free priority shipping, minus ebay and paypal fees LOL. Another sold for $700 by the same guy. Probably one of the very few losers
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Are You Kidding Me? Check Out This Craigslist Ad for 16 GB iPad 3 --$850!
- Thread starter icydog
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Not everyone wins on Ebay. Lookup 320863832979. 32GB wifi SOLD for $650 with free priority shipping, minus ebay and paypal fees LOL. Another sold for $700 by the same guy. Probably one of the very few losers
There's a saner way to track deliveries, you know: Delivery Status Touch
You'll also get push notifications for when your iPad has been delivered so you can know if you're at work/school, and that's far more important.
You'll also get push notifications for when your iPad has been delivered so you can know if you're at work/school, and that's far more important.
You just don't understand basic economics. The increased prices are there because there is increased demand and limited supply. The scalpers are there because the demand is there. Once the demand dies down, the scalpers lose their ability to obtain a huge markup.
The people who buy popular devices and attempt to sell them for a profit are not bad people. All of us have the same chance to do what they are doing. Just because you didn't think to do it doesn't make them bad people. They have something that someone will pay a certain price for, nobody is being forced to do anything. Scalpers, on the basic level, are not as bad as so many of you claim.
However, the companies who buy entire blocks of concert tickets (with a 300% markup) are in an entirely different category. I don't care for this at all. This would be like a huge company buying all of the 64GB iPads and marking them up to $1500 because nobody else has them. But people buying 2 iPads and selling 1 or 2 of them are just clever people making a few bucks.
But, by definition, they do want them. The question then becomes how much they are willing to pay in a premium to get it earlier than they otherwise would be able to.
I think that things are gong to remain pretty much in flux until March 16th ... if there are lines like there were for the iPad2, and lots of people leaving empty-handed, there will be another big aftermarket. Just dont know if that will be the case with the preorders. On the other hand, if there are units available over the weekend at the stores, I think the aftermarket will dry up fast in the US, but I really doubt that's going to be the case.
You make way too many assumptions about my level of comprehension on economics, and your statement declares very little about your own. I said that these only exist because others enable such behavior over their desire for the latest electronics. It still isn't technically legal given that these guys are buying for profit, yet they do not collect sales tax (where appropriate) or declare such sales as taxable income. I would suggest that people who feel the need to pay above retail just to have the ipad a few days earlier are way too obsessed with a computing device. No one has a need for the latest one. If they needed it for something work related, they'd wait for any initial bug fixes before buying.
This is one of my issues. They deny someone else in the same line to sell the device in a manner which isn't completely legal. Note my other statement which breaks this down. You guys can downrate me all you like
. Personally I think Apple doesn't care about everyone receiving one right away. They like hype, and they release the device when they have a comfortable number to ship. If they wished to, they could push back the release date until more are available, but this wouldn't feed the hype around the device. I've used it. It's a cool device, but I'd never stand in line for hours to buy one.You make way too many assumptions about my level of comprehension on economics, and your statement declares very little about your own. I said that these only exist because others enable such behavior over their desire for the latest electronics. It still isn't technically legal given that these guys are buying for profit, yet they do not collect sales tax (where appropriate) or declare such sales as taxable income. I would suggest that people who feel the need to pay above retail just to have the ipad a few days earlier are way too obsessed with a computing device. No one has a need for the latest one. If they needed it for something work related, they'd wait for any initial bug fixes before buying.
This is one of my issues. They deny someone else in the same line to sell the device in a manner which isn't completely legal. Note my other statement which breaks this down. You guys can downrate me all you like
It is completely legal! If you buy from a retailer and you pay sales tax you do not have to pay twice that is double taxation. If you purchased the items for resale with a valid sales tax certificate the seller would be responsible to collect sales tax. And only if the item was shipped to the state they are located. Also some states do not charge sales tax.
Reselling any item for profit or loss is completely legal. Now if you are a business and buying an iPad 3 as such you are required to report any earnings. But an individual is allowed as a hobby to sell items and make money. They must pay taxes on earnings once they reach a certain threshold. I recommend anyone doing so to research the matter or contact an accountant.
Please remember time is money. Certain people in the world are successful and work very hard to be such. A couple of hours to them can be worth the price of three iPad 3’s depending on what time of the day it is or year. These people find it easier and cheaper to purchase one off eBay at their leisure. Paying several hundred dollars more is a convenience fee to them. Also they know some poor guy is trying to make a couple extra bucks why not throw him a bone for the hard work of getting me my iPad.
Your facts are actually off here. They marked it up, and paid sales tax on the original amount. Legally with a reseller's certificate you could purchase items with sales tax waived as it would then be charged to the final purchaser. Your post was well thought out, but you're simply incorrect on these details because you most likely haven't had to deal with them directly. I did mention where appropriate. This covers the local laws in that regard of how much and where applicable. Further it's still income. Some people mention making thousands off of it. That is most likely unreported income. Note that I'm not arguing whether this is tolerated. I'm telling you it's not technically legal, and your lack of comprehension doesn't change that. It only irritates me when people who don't understand this stuff pretend as if they do. Edit: either that or you're assuming I don't understand and giving a grossly oversimplified explanation.
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What would be a fair price to sell a 16gb iPad on launch day on Craigslist once the stores sell out without it being unbelievably absurd? (I don't even think the 850 is that unreasonable in all honesty$
What would be a fair price to sell a 16gb iPad on launch day on Craigslist once the stores sell out without it being unbelievably absurd? (I don't even think the 850 is that unreasonable in all honesty$
a fair price is what ever someone is willing to pay for it, simple as that. on launch day, look through your local craigslist for comparables and price accordingly.
Never planned on selling mine, and it would be hard to but, if they are going for significantly more on craigslist, I might have to do it and wait a few weeks. I could save the extra cash or put it towards a better model, as the 32gb that I ordered isn't even large enough to hold my music.
uuu, you should check here in mexico, i hate scalpers, trying to take advantage of the should out rage.
here they charge for a 64g 4g around $ 1400 the son of a $%&% !!!
I am going to try to explain this one more time as you seem to be missing my points.
Again marking up a product as a non-business (without a resale cert) is no way governed by State or Federal sales tax. Once you pay sales tax you are not required to pay it again. Example 1: You sell Bob your tv and lose $50 on the value. You do not charge bob sales tax (illegal). Example 2: You sell Bob a limited edition baseball card you got in a box set you purchased. You do not charge sales tax over the amount you paid.
Not only is it wrong to charge Bob sales tax it's illegal to charge sales tax! Yes unless you are registered to "collect" sales it is illegal to do so because you can not report/pay it to the governing body.
My employees collect sales tax everyday and my companies report/pay sales taxes quarterly and monthly. I also have detailed meetings with my accountant, and attorney bi-monthly to stay up to date. In business you must be proactive because of new and ever-changing regulations.
As for failing to report additional income that is a different story altogether. Income over a certain amount should be reported but some is not required to be reported. Once again please see a qualified CPA with questions. If you make thousands you should report it but assuming someone is not paying without facts is slander.
If you need more details or do not believe me you are welcome to check with the IRS, your State / Local Government, and an attorney / accountant. PLEASE I am writing this to show people do not read forums or believe what you see online as fact when it comes to State/Federal laws or regulations. Seek out a qualified individual who can give you helpful advice based on your situation.
-GodSpeed
I deal with a CPA just a few times a year and use the California board of equalization for further reference, although they are often quite vague
.In cases of short terms use they have a setup for that, but I can't find the link at the moment. At least in California there is a temporary reseller's permit for items. Again this is for something you intend to resell without ever having used it. You don't intend to take it out of the box or do anything with it other than resell it for profit. There are a bit of details in the forms, and I've gone over this with them in the past, but I can't find a "good" source of reference on their site at the moment (I did look, and I try to avoid referencing anything vague). Further it's not slander as it wasn't directed at anyone specific
. I'll admit California is a bit different from some other parts of the country. Also you're correct that it's illegal to collect sales tax without a permit. I never suggested otherwise unless you felt I left out enough detail to verify this.
I second that. It's just plain old rude and unethically for people to take away an ipad from a true apple fan just to make $100. Then the ones who get away with buying 20?!
Ridiculous----------
I second this. It makes NO SENSE to charge 'BOB' sales tax when you (reseller of the ipad) when 1. you're not a licensed reseller of apple 2. you don't own a business and are not supposed to be reselling this item in the first place BUT then you decided to charge sales tax????!!
I deal with a CPA just a few times a year and use the California board of equalization for further reference, although they are often quite vague
In cases of short terms use they have a setup for that, but I can't find the link at the moment. At least in California there is a temporary reseller's permit for items. Again this is for something you intend to resell without ever having used it. You don't intend to take it out of the box or do anything with it other than resell it for profit. There are a bit of details in the forms, and I've gone over this with them in the past, but I can't find a "good" source of reference on their site at the moment (I did look, and I try to avoid referencing anything vague). Further it's not slander as it wasn't directed at anyone specific
I have the link right here.
http://www.boe.ca.gov/pdf/boe400spa.pdf
This is the one that would be relevant to the occasional sellers.
http://www.boe.ca.gov/pdf/boe410d.pdf
"Occasional sellers are usually people who are not required to hold a sellers permit because they will not be making a series of qualifying sales. A person who has cleared their garage of used items accumulated for their own use and who sells only those items would usually qualify as an occasional seller, provided they make sales no more than twice in a 12-month period."
Sales do not mean do not mean individual items in general. Sales have a broader definition of which can be a time period, a place, a group of items, and more.
-GodSpeed
I'm selling one of my Pre-Ordered White 32GB Wifi for $900.00 on Craigslist.. did the samething last March!
you need to realize that there are people out there who are willing to shell out extra $$$ for a Brand New iPad
you need to realize that there are people out there who are willing to shell out extra $$$ for a Brand New iPad
You make way too many assumptions about my level of comprehension on economics, and your statement declares very little about your own. I said that these only exist because others enable such behavior over their desire for the latest electronics. It still isn't technically legal given that these guys are buying for profit, yet they do not collect sales tax (where appropriate) or declare such sales as taxable income. I would suggest that people who feel the need to pay above retail just to have the ipad a few days earlier are way too obsessed with a computing device. No one has a need for the latest one. If they needed it for something work related, they'd wait for any initial bug fixes before buying.
This is one of my issues. They deny someone else in the same line to sell the device in a manner which isn't completely legal. Note my other statement which breaks this down. You guys can downrate me all you like
You are also making assumptions as well. You assume the seller is not paying sales tax on the income. Maybe you think lots of people wouldn't bother to report that income (I'd probably agree with you that very few people do), but still, you don't know how many do.
However, is taxes really the issue that people hate resellers? The overwhelming majority of posts complain about the morality of reselling. Denying an Apple fan the "right" to have an iPad, and other nonsense.
These transactions, at whatever price the market dictates, are MUTUAL. Your third party judgment is unnecessary and irrelevant.
I bought an Apple TV 2 for $199 the day after it was released at $99. Was worth the $100 to not have to wait online or wait another week for the Manhattan stores to be back in stock.
BJ
The only reason people bring up the tax implications, is because other people attempt justify this behavior as perfectly legal...its only perfectly legal if the income is reported...
But yes, it is the morality of it, that I think people "hate" on resellers....I know I think little of them and what they do...and as a potential buyer of those products, I am not an uninterested third party to your little transaction, since you, at a minimum, theoretically limit/affect the legitimate availability of said product...
Maybe it's a Jersey thing?
http://southjersey.craigslist.org/ele/2891070143.html
$1200 for a 16gb WiFi in the next city over. That's just crazy.
http://southjersey.craigslist.org/ele/2891070143.html
$1200 for a 16gb WiFi in the next city over. That's just crazy.
I could list a week old booger on Craiglist for $100, but it doesn't mean anyone's going to buy it.
I'm unsure what the scalping/resale market will be like; depends on in-person demand and store stocks / re-stocks. Maybe it'll be like last year, maybe it'll be really tame. Either way it should become apparent within a few days how quickly stores restock and sell out again. Perhaps the scalpers will end up making a lot of returns in a couple weeks.