Well said Charley. Most of the time we endeavor to protect the ususpecting buyer, but seldom endeavor to protect the unsuspecting seller. We often applaud the buyer who got a steal, when that's exactly what they did.
About 20 years ago, my aging aunt was offered $1500 for a '46 or '47 Packard woodie, which had been in dry storage in the basement of my grandmother's grocery store since 1952. My aunt, who knew nothing about cars, especially Packard woodies, took the deal. You could argue that she was happy with the deal, so what's the harm? The flip side is that the car was probably worth at least $25,000 as it sat. If the guy had offered $15,000, I'd say he was just trying to get a good deal, but at $1500, he was outright stealing.
|