You really need to read a book on economics. What you consider high prices does not constitute price gouging.
Toronnah, WTF does reading a book have to do with the reality of "Price Gouging"? Seriously what!!!???
If our builders, car manufacturers or anyone selling any item, wants to create a FALSE supply and demand, they will use what ever means possible. And the best way to do that is "Hype". I should know, I was crowned "Queen of Hype" back in the 80's.
Now, are you trying to tell me that reading a book on economics is going to determine what I have to do to create that "hype". I should say not!!! Until you work in that industry, then all you have to bring to the table is talk & books, which does not bring in the big bucks.......talk to people in that line of work. Show them your economics books and they will laugh you out of the business.
Getting back to the actual reality of true costs. For the sake of argument, lets continue to use housing. The true value of a house is clearly written on the Tax Assessment roll. Just bcos a person wants to "OVER PAY" for a property during a bidding war, does NOT mean that a bank will finance the purchase. Why? Bcos that is NOT the true value of the property. A bank appraiser is sent out to evaluate the property. The buyer has to have a heft down payment to make that "bidding war property" dream a reality. The banks will not lend monies over & above the "true value" of the property, no matter how much more the buyers are prepared to pay. The buyers need to increase their down payment.
I'm sorry, but I am not expressing myself very well right now. My mind is on two important issues. My friends daughter, whom I have known since she was 3 yrs old, has FINALLY been diagnosed with a very rare disorder. Only 70 people on the planet suffer from Mitochondrial neurogastrointestinal encephalopathy (MNGIE). Cristina's body is starving her to death!
And I just returned from hospital tests for my own health issues. I have a lot on my plate right now & my brains are on numb mode, and I sound very unprofessional right now, yet I still have to find a "safe & poly filler free" ecig for my 87 yr old mom & myself due to our poor lungs. If you don't mind, I no longer wish to debate the issue of "price gouging" of e-cigs, that sell for
under $5.00 wholesale and are being sold for $70+ dollars retail. It's price gouging.....plain & simple. $30 - $40. is a reasonable mark-up for them.
Maybe you can help: Cristina has been on our local news yesterday & today. The only thing that can help us save Cristina's life is a bone marrow transplant. Pls read Cristina's story in link below and pass to all you know. For Cristina's sake.
Thank you!
Helping Cristina - A Canadian - US - Italian Bone Marrow Donor Drive