Monday, October 30, 2006

A lesson in supply and demand



The PS3 is hitting stores November 17, and for a price of $600, you can believe that I will NOT be in line. However just about all my friends will be purchasing the system, not because they have nothing better to do with their money, or need a new reason to live, but simply because they see green. It is estimated that once the PS3 hits stores it will sell out in hours. Thousands of people will be unable to get their hands on the system for days, maybe months, and obsenely rich parents (like the ones you see on shows like mtv's sweet sixteen) will shell out thousands of dollars in cold cash to retailers who still have available systems. Don't believe me, check out this ebay page. Now I know this is definetely not a new thing, and is probably the reason why this underground culture of ours is so revered. There are tons of people purchasing tees, toys, and sneakers simply to resell them for a higher price just days or weeks after initial purchase.

I just think its real funny how there could be a bunch of people buying items such as the PS3 for the sole purpose of claiming possession of them, while people with a completely different mentality go out to these stores, camp out for days, just so they can resell and cash in.

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