{"id":4567,"date":"2012-06-05T09:00:19","date_gmt":"2012-06-05T13:00:19","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=4567"},"modified":"2012-06-06T03:37:40","modified_gmt":"2012-06-06T07:37:40","slug":"whats-up-with-used-tvs","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2012\/whats-up-with-used-tvs\/","title":{"rendered":"What\u2019s Up With Used TVs?"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/06\/060512_1211_WhatsUpWith1.jpg\" alt=\"\" \/><\/p>\n<p>Rohin Dhar took a look at the market for used TVs. What he found is likely to surprise you:<\/p>\n<ul>\n<li>A lot of people try to sell their used TVs for more than what the same TV would cost brand new.<\/li>\n<li>Televisions from Sony seem particularly vulnerable to this trend.<\/li>\n<li>A lot of people price their used televisions below market price, of course, but overall in the market there is only a 14% discount to buying a used television. In contrast used headphones and phones sell for more than a 30% discount.<\/li>\n<li>One explanation for this is that people don&#8217;t realize how quickly their assets depreciate. In one ad a seller offered to sell a $1,500 television that they bought 9 months ago, for just $1,000. This 33% discount sounds impressive until you realize that the retail price of TVs fell faster than that.<\/li>\n<li>Another problem is inaccurate product identification. A TV might actually be called something like <span style=\"color: #333333;\">LG-47LK520 but it will be advertised as the more ambiguous &#8220;LG 47 inch LCD TV.&#8221; This makes the market less liquid and drives up prices.<\/span><\/li>\n<\/ul>\n<p>To read many more details, and to see some really well designed and fascinating graphs, to find out how this problem can be fixed, what a solution to the problem would look like, to find out what percentage of televisions are correctly identified, which used models sell for more than their sale price, and why buying a used TV is like shopping in a foreign market where you don&#8217;t speak the language, click <a href=\"http:\/\/priceonomics.com\/televisions\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/priceonomics.com\/televisions\/\">priceonomics<\/a><\/p>\n<p>Via: <a href=\"http:\/\/www.freakonomics.com\/2012\/05\/25\/freakest-links\/\">Freakonomics<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rohin Dhar took a look at the market for used TVs. What he found is likely to surprise you: A lot of people try to sell their used TVs for more than what the same TV would cost brand new. Televisions from Sony seem particularly vulnerable to this trend. A lot of people price their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/06\/060512_1211_WhatsUpWith1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=4567"}],"version-history":[{"count":5,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4567\/revisions"}],"predecessor-version":[{"id":4582,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4567\/revisions\/4582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/4566"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=4567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=4567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=4567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}