On: The Logic of “Stupid” Poor People

[beambot]

Then you should have her check out Lollipuff (YC W13): designer auctions pre-screened by experts for authenticity (ie. eBay without the fakes). It also amazes us. Why would people pay full price when the "lightly used" ones sell for 80% off?

*Disclaimer: Am a founder of Lollipuff.

[consonants → beambot]

I'd wager it's the same reasoning people buy new cars or new consumer electronics.

[beambot → consonants]

And what is that reasoning? Unlike cars and electronics, many designer goods hold their value over time, and some even appreciate.

[encoderer → beambot]

FWIW, my wife was delighted when I sent her to Lollipuff yesterday. She thinks it's a great idea.

I guess one thought is that I don't know if I would ever gift her a used bag. Even if I trusted the source (which has always been a deal breaker before).

But her buying for herself, I can see her definitely purchasing something previously owned.