I see both sides of the argument and I myself believe there should be some type of price limitations in place but the upper staff members do not agree. Here are some of their arguments.
Who will be monitoring all these ads and verifying their pricing isn't inflated?
We don't have the manpower to check every single ad that is posted. For instance, there are 200 ads in selling right now. On some days we have close to 50 ads posted, yesterday there were 32. Verifing pricing will take at least 10 minutes each at 16 post, assuming it doesn't require conversation with the member, which is a bad assumption. Let say we verified half of those, that would be a minimum of 2 hours and 40 minutes. Like I said, minimum, it would most likely take longer than 10 minutes on a few of those. I don't know about you but I don't have the extra time to spend making sure someone isn't inflating the price.
Where do we derive this standard price? Some items can be bought multiple locations and the price varies. What sites will we use to base our decision?
Why should we have the right to basically appraise someone's item? Somethings increase in value as time goes by for various reasons, such as lack of availability, no longer produced, unavailability to ship to your country....etc. Let's face it, sometimes people are willing to pay extra to "Have right now". Who are we to say you can't do that? Let's say you've decided you want to buy the BadAssJ0ker APV but there are none stocked or they have been discontinued. So you want it now ,don't want to wait, and willing to pay what ever the cost. Joe Blow has it listed on the Classifieds for $1200 when it actually sells in the store for $100. So before you can make the purchase, I come in and shutdown the ad, ban Joe Blow (because we all know he's be caught doing this before
), and now you can't get your BadAssJ0ker APV. Ok, so maybe you don't think this way or would consider doing something like this but some will, so who are we to deny these people the right to spend there hard earned money on a drastically inflated priced APV?
***DISCLAIMER- No Joe Blow was banned in this example. Joe Blow was only an example and in no way depicts an actual Joe Blow. If you are Joe Blow, any similarities were a mere coincidence. ***
Currently, our suggestions is to ignore the inflated priced ads. If it sells, then the market supported the price, if it doesn't sell, then the seller should rethink their price.
Like I said, I see both sides of the argument, I don't like to see items listed for many times more than they cost new but at this time there will be no changes, the ads will be allowed. I've advocated for a change in this stance but the decision always ends with the current policy is the best way to manage the situation. Just ignore them and move on.