Chart of the day

Thought this Atlantic piece on the price of used televisions was really interesting.  Basically, people way over-price their used TV’s on Craig’s List because they price relative to what they paid for them while the price of TV’s is always dropping.  To wit:

My first thought?  Wow– I need to buy a 32″ LCD!  I already have one, but still, damn that’s cheap!  Of course, if I were to sell my existing it would be for decidedly less than the $400+ I paid in January ’09.

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About Steve Greene
Associate Professor of Political Science at NC State http://faculty.chass.ncsu.edu/shgreene

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