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Model Forum / Radio Controlled / Air Models / November 2008



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Sell now - or sell later?

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Ed Cregger - 15 Nov 2008 08:32 GMT
I'm curious about what the newsgroup concensus would be for someone with a
lot of ARFs and engines to sell.

Is it better to sell now? Or will the goods appreciate in price as the
economy winds down?

I figure that China is going to have businesses closing left and right soon
with just the economic strife that we have experienced already. If money
becomes tighter and credit cards are unable to be funded, well, it doesn't
look good for all of those Chinese ARFs and engines being charged to a
credit card, if you catch my drift?

So, whatcha think? Sell now, or wait?

Ed Cregger
rmaheuxr@bellsouth.net - 15 Nov 2008 12:25 GMT
Ed,

Some thoughts to consider....

I think it is doubtful that our government will allow credit cards to go
unfunded - consumer credit is too great a driver of our economy.

Then, people may be more likely to spend in the early stages of a recession
than in the middle of it.  Thus the pool of potential buyers may be larger
now than later, when the financial pinch is tighter.

In a time of declining prices, the way to win is to sell now and hold those
dollars until prices decline, because each dollar will buy more then.

Interesting question!  I'm sure others will add to the discussion.  Good
luck!

Randy Maheux

> I'm curious about what the newsgroup concensus would be for someone with a
> lot of ARFs and engines to sell.
[quoted text clipped - 11 lines]
>
> Ed Cregger
Ed Cregger - 15 Nov 2008 13:52 GMT
Thanks, Randy. I appreciate your input. I'm leaning toward the direction you
indicated. I'm afraid of being stuck with all of this stuff if I wait too
long to sell. But I'm open to others opinions too.

Ed Cregger

> Ed,
>
[quoted text clipped - 31 lines]
>>
>> Ed Cregger
rich - 15 Nov 2008 14:45 GMT
Macro...  Economy is poor and isn't going to get much better quickly.

Micro......many new R/C players going into electric (with foam RTFS and
ARFs) and helicopters or all sizes and styles...  Of the current NEW members
to our club ....more than half come from those two areas of interest.

regards, Rich
Ed Cregger - 16 Nov 2008 00:49 GMT
> Macro...  Economy is poor and isn't going to get much better quickly.
>
[quoted text clipped - 4 lines]
>
> regards, Rich

------------

Yes, I guess the handwriting is on the wall. Now, if I could just figure out
what it says. 8>)

Thanks.

Ed Cregger
esl721 - 17 Nov 2008 03:48 GMT
It is an interesting quandry. I am an eBay buyer and seller and also
have "all the airplane kits I will ever want or need". The question is
- are kit builders going to die off with our generation. Some old kits
now are still going for good prices and I havent seen much drop off
yet.

Same with engines - engine collectors appreciate beautifully made,
special interest and nostalgic engines. I can't see much interest in
collecting electric motors. However, after everone switches to
electric and the engine guys are gone, there may not be much interest
in these as there is to us in "buggy whips".

I also wonder about all the greybeards and their muscle cars and hot
rods. Go to any hotrod meet and guess the average age. The kids around
here are interested in Nissans, Infinitis, BMWs and Hondas with
nitrous and tuned exhaust. Many hot rods will end up rusting or sold
for scrap by our grandkids. We are nostalgic for what we grew up with,
not what our grandparents (or even parents) grew up with.

So - keep or sell? It probably doesnt make much difference. People
with a passion will always find money to support it. Buyers of these
items are probably older with stable incomes or "enough" set aside for
hobbies, and will spend for out of production items they want. I don't
think Chinese ARFs will ever be nostalgic or in big demand. Until the
last month or so, foreign buyers were very good customers because our
dollar was so low. However, most kits are too expensive to ship or not
shippable at all, payment is a hassle and risky, and Europe is now in
a bigger mess than we are.

Don't put off building that favorite kit. Time has a way of slipping
away - later becomes never too fast.

Earle Levine
Santa Fe Dam RC Modelers
> "rich" <rich99...@sbcglobal.net> wrote in message
>
[quoted text clipped - 15 lines]
>
> Ed Cregger
Ed Cregger - 17 Nov 2008 06:40 GMT
It is an interesting quandry. I am an eBay buyer and seller and also
have "all the airplane kits I will ever want or need". The question is
- are kit builders going to die off with our generation. Some old kits
now are still going for good prices and I havent seen much drop off
yet.

Same with engines - engine collectors appreciate beautifully made,
special interest and nostalgic engines. I can't see much interest in
collecting electric motors. However, after everone switches to
electric and the engine guys are gone, there may not be much interest
in these as there is to us in "buggy whips".

I also wonder about all the greybeards and their muscle cars and hot
rods. Go to any hotrod meet and guess the average age. The kids around
here are interested in Nissans, Infinitis, BMWs and Hondas with
nitrous and tuned exhaust. Many hot rods will end up rusting or sold
for scrap by our grandkids. We are nostalgic for what we grew up with,
not what our grandparents (or even parents) grew up with.

So - keep or sell? It probably doesnt make much difference. People
with a passion will always find money to support it. Buyers of these
items are probably older with stable incomes or "enough" set aside for
hobbies, and will spend for out of production items they want. I don't
think Chinese ARFs will ever be nostalgic or in big demand. Until the
last month or so, foreign buyers were very good customers because our
dollar was so low. However, most kits are too expensive to ship or not
shippable at all, payment is a hassle and risky, and Europe is now in
a bigger mess than we are.

Don't put off building that favorite kit. Time has a way of slipping
away - later becomes never too fast.

Earle Levine
Santa Fe Dam RC Modelers

------------

I have more ARFs than kits to sell. Frankly, I want to hold on to the kits
just in case I live longer than I expect to live. At least I can put them
together, whether I fly them or not.

You make an excellent point on several areas of interest. I nearly bought a
restored 69 AMX, just like the one I had in 69. Then it dawned on me that
gasoline for such a beast is impossible to buy and I'd be lucky if I could
ever get out of it again even if I did manage to get in.

I suspect that there will be hard core collectors available for some years
to come. Some of the modelers I've associated with on the internet, and who
happen to be in their mid thirties and upwards, are interested in some of
the nostalgic modeling stuff. I was very surprised.

You are right about the Chinese ARFs though. The market for those models has
another year or two to go, especially if those companies do close their
doors. I should be able to sell them all before the interest wanes entirely.

All of my models are new-in-box (NIB) and are just like those being shipped
today as new. I even have a few popular models that have recently gone out
of production. I'm not a business, so I'm not looking to make a profit, per
se, but I would like to get most of my money back. I don't think that's
unreasonable, though I have received some email from peeved folks saying
that since they are "used", I should only ask for half of what they cost
new. That ain't gonna happen, folks. <G>

If you want something bad enough, you'll pay me enough to make it worth
selling. Not trying to be  nasty, just telling the truth.

I am thinking of going to the anonymous style of auctions. Some folks would
buy, but they don't want their buddies seeing how much they paid for it.
There are some models out there (kits) that I would pay a little more than
what they sold for originally - such as the Bridi UFO in fiberglass and
foam.

I'm also interested in buying Rom-Air tricycle landing gear in good to
excellent condition. I loved those landing gear. Even I could make them work
without a single failure. I probably shouldn't have said that...

Ed Cregger
Doug McLaren - 16 Nov 2008 06:16 GMT
| I'm curious about what the newsgroup concensus would be for someone with a
| lot of ARFs and engines to sell.
|
| Is it better to sell now? Or will the goods appreciate in price as the
| economy winds down?

I don't see nitro and gas stuff appreciating at all.  And while
electric and glider stuff sells well, what's top of the line today is
often old news tomorrow, so I don't see it appreciating either.

The only exception is likely to be kits that aren't available anymore,
that people feel nostalgic for.  Engines, I'm not so sure, but I'm
guessing the same applies.  Completed planes, they rarely seem to sell
well.  (Kits and engines might, but just because they're easily
shipped.)  ARFs, I'm doubting there's going to be that much nostalgia
for them in most cases ... but if they're not built yet, at least
they'll ship easily.

If you need the space, sell it.  If you don't, keep it until you're
ready to fly it.  If you're sure you'll never fly it, sell it now.

Notice that I didn't say anything about the economy ... :) (if I could
predict the economy, I'd have enough money that I'd have every plane I
ever wanted and space to store them!)

Signature

Doug McLaren, dougmc@frenzied.us
untold wealth, n.: What you left out on April 15th.

Ed Cregger - 16 Nov 2008 11:41 GMT
> Notice that I didn't say anything about the economy ... :) (if I could
> predict the economy, I'd have enough money that I'd have every plane I
> ever wanted and space to store them!)

-----------

I did get nearly every plane I ever wanted, but I did not get the space and
that is the problem. It's time to switch philophies and go to the "just in
time" philosophy.  No room to wiggle.

Ed Cregger
Six_O'Clock_High - 16 Nov 2008 15:51 GMT
>> Notice that I didn't say anything about the economy ... :) (if I could
>> predict the economy, I'd have enough money that I'd have every plane I
[quoted text clipped - 7 lines]
>
> Ed Cregger

Yeah, I am on part of that train now.  My wife has learned that it takes a
while to select a Christmas gift because I have an attic full of kits.
There are 14 GS and a bunch smaller, and a shop full of engines ranging from
.20 to 75CC and the recent switch to 2.4 GHz has changed my needs there very
significantly.  I have most of the planes I want in the attic or in the shop
or in the garage awaiting the build date and every time I see something that
makes me drool, I have to consider when it might see the sky.   My building
table is 4 or 5 projects deep right now and other issues have been keeping
me from it.  ARRGGHHH!
Ed Cregger - 17 Nov 2008 00:05 GMT
>>> Notice that I didn't say anything about the economy ... :) (if I could
>>> predict the economy, I'd have enough money that I'd have every plane I
[quoted text clipped - 17 lines]
> the sky.   My building table is 4 or 5 projects deep right now and other
> issues have been keeping me from it.  ARRGGHHH!

I wouldn't have ever thought that we could end up in such a situation.
Frankly, I had a lot more fun when I only had one or two models. At least I
could focus on them. Now, it is "Analysis - Paralysis" when I go into the
"shop". I don't know where to start.

The situation brings to mind the old saying, "Be careful what you wish
for..."

Ed Cregger
T.L. Davis - 19 Nov 2008 18:15 GMT
>I wouldn't have ever thought that we could end up in such a situation.
>Frankly, I had a lot more fun when I only had one or two models. At least I
[quoted text clipped - 5 lines]
>
>Ed Cregger

Ed,

You can only fly one at a time, then fly the another while you're
repairing the first one.  My advice for the ones you really Want is to
build like hell, then fly.  Stuff you have half a dozen of you might
be able to do with 2 or 3 of if you don't crash them like I do ;).
BTW, if you have Blue GWS Slow Stick, I'd be interested.  Seen the red
and yellow, but there's supposed to be a blue one...

Plus, the Chinese made some very nice ducted fan jets.  Got any of
them?

T. Davis
Ed Cregger - 21 Nov 2008 18:57 GMT
No, I don't have the GWS Slow Stik. I would probably keep it if I did, which
would not do you any good.

The original thought that the wife and I had was to buy what we wanted while
we had the income. Once she retired we would be a whole lot tighter in
budgeting things, if you know what I mean? Well, we both went overboard and
now we don't have room to wiggle in our small retirement home. It just
sneaked up on us and one day we realized that we had gotten too carried
away.

I want to keep all of my small models. A few of my giant scale ARFs/kits and
get rid of a bunch that I'll probably never live to fly, even if I live
another twenty to thirty years. I don't crash all that much these days, of
course, with growing older we don't know if it will stay that way.

The wife is really intimidated by the large gas powered models. She refuses
to pit for me with those. I can't blame her. She's not that big. But she
used to do great when pitting for engines smaller than a 10cc pattern
engine. She used to start my planes, clean them up and pack them in the car
for me. I had polio as a child and do not have much energy. Without her
help, I would have quit flying a long time ago. But, as things happen, she
is now having her own issues with energy and arthritis, so the handwriting
is on the wall. Fortunately, my interest in building smaller, simpler models
has increased. In addition to small glow and Diesel engines, I'm also
interested in electric power these days.

I should do an inventory and then list everything here that will be for
sale. That and offer to email an updated list from time to time to those
that are interested. Thanks to all for commenting/responding to this thread.
It is appreciated.

Ed Cregger, N2ECW (ex NM2K)

>>I wouldn't have ever thought that we could end up in such a situation.
>>Frankly, I had a lot more fun when I only had one or two models. At least
[quoted text clipped - 20 lines]
>
> T. Davis
MJKolodziej - 21 Nov 2008 19:49 GMT
> I should do an inventory and then list everything here that will be for
> sale. That and offer to email an updated list from time to time to those
> that are interested. Thanks to all for commenting/responding to this
> thread. It is appreciated.
>
> Ed Cregger, N2ECW (ex NM2K)

Ed, years ago in a thread in this group about "kits on the shelf" I listed
what I had, and some time later, year or so, a guy emailed me wanting my
Ultra Sport 1000.  I sold it to him for what I paid plus shipping.  I
neither lost nor gained. Anyway, having your list on this group exposes it
to search engines.
mk
Ed Cregger - 21 Nov 2008 20:43 GMT
>> I should do an inventory and then list everything here that will be for
>> sale. That and offer to email an updated list from time to time to those
[quoted text clipped - 9 lines]
> to search engines.
> mk

-----------

That's what I am asking for stuff, what I paid for it, plus shipping. I've
been doing well selling out of production kits that way. I don't know why
people think they are going to get things for half of what I paid for it, or
less. Weird.

I have more stuff to sell than the average hobbyshop has in stock. I've even
thought about invoking my old business name and selling the products "as
new", which they are, but I don't feel like dealing with hassles from people
claiming that this is defective and needs replacing. So, I'll sell for an
average of 20% off the Tower price, plus shipping. Everything is brand new
and most of it has never been opened. I'm selling things "as-is". I'll
probably go on a selling blitz next week or two. It's time to get this stuff
out of here. I need the space. Still have a new mill/lathe combo that hasn't
been unpacked. I have to try my hand at making model Diesel heads and such.

Ed Cregger
T.L. Davis - 19 Nov 2008 18:03 GMT
>I'm curious about what the newsgroup concensus would be for someone with a
>lot of ARFs and engines to sell.
[quoted text clipped - 11 lines]
>
>Ed Cregger

What ya got???  What do you want for it now?
;)
T. Davis
Ed Forsythe - 21 Nov 2008 16:41 GMT
China will survive. All they have to do is call in our loans ;-))

> I'm curious about what the newsgroup concensus would be for someone with a
> lot of ARFs and engines to sell.
[quoted text clipped - 11 lines]
>
> Ed Cregger
 
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