Do you think it is fair or right?

I guess it would be pretty hard to control in some situations. It's nice to know the laws of other countries. Thanks for the response. Have you heard of people from there buying them from the states on the enternet?

no..

I can understand you fustration..I remember when we were tryomg to get an Xbox 360 for my boyfriend and we stood outside like in three different stores waiting while people used thier kids to buy them ( they only allowed one per person, not one per household)..It sucked majorly..and we didnt get one for months later...I saw some 360's go for $1000's of dollars..Triple the retail value...I wish that the stores were more concious towards that..but they are just out to make money

Thanks Metallion. These stores are not doing the same thing or they would be selling them for what the people on the auctions are. If they can't buy several then how can you see these people listing several on the auctions? Making a profit is okay within limitations. Taking advantage of people is also entirely different. Why some places can sell it cheaper is because of the type of store it is and the quality of the merchandise as well. Not saying you can't get good quality items at a Walmart but you wouldn't go in there to buy fine diamonds either. Thanks for the response. It's good to hear the feed back from all points. Have a Merry Christmas.

Actually you are wrong, the manufacturers have an agreement with their distributors for a price range they can not go above or below. I'm not a fan of it, but I know people will do it.

Sure I want to earn extra money but I also have my morals. I would not take advantage of others. I agree with allowing them to resell them on auctions and the people can bid as high as they want. I just have a problem with people buying so many at a time and reselling them. How does this give others a fair chance of getting an item if it is bought out before you get to the counter? I think it should be limited when an item is in such high demand.

We were prepared to wait until after Christmas if we had to. My husband was willing to sleep in the truck over night but not willing to pay what some of these people are charging. The difference with the housing market is the value of the home and land wouldn't you say? Sure there are alot out there I wouldn't pay that kind of price. I don't like the way the market goes up and down that's for sure. Thanks for the response. Merry Christmas.

I agree with you. Sure if you want to sell it for a little extra then fine but some of these prices are way up there. Have you heard about the ones who are robbing and killing over these things? Wow. What people do for money these days! Are we so money hungry that we can't make a honest living. Thanks for the response. Merry Christmas.

You are correct in saying someone else will. They are doing it. I just can't believe the prices they are paying. There are many jobs available if they are in that much need of extra cash don't you think? And if they have the money to buy extras why do they need the extra cash? But I guess some people will try to take advantage of others when given the chance. Thanks for the response. Merry Christmas.

Good point MKIRBY. I guess I'm not speaking about the ones who have a reserve a bit over the amount they paid for the item and sure include the shipping as well. It's the ones who put the reserve high and are out to take advantage of others. Others do make a bidding war out of it and they are willing to pay outrageous prices for something fine but give the ones who can't a chance as well.

Thanks micheller for your response as well. Maybe if the laws were a little more known then it would stop some of the people who are out take advantage of others. I don't know of these laws myself. Not in the United States anyway. Does anyone know about any of these laws? Merry Christmas to you both and thanks for responses.

There may be laws against sellers inflating the price, but there aren't any against buyers bidding outrageously high amounts. On auction sites, the sellers are not inflating prices, people are simply bidding and bidding and bidding until the price skyrockets and it twice as much as the seller paid. This is just great luck for the seller. My neighbor bought a PS3 and put it on ebay for one cent. It was a one day auction, and in one day, it went from one cent to $1400. He didn't screw anyone over, those people screwed themselves over.

Well no need to feel sorry for me. I didn't say that is all this family has to do. No my kids don't get everything they want either. They have to work for what they get and they get what they diserve. My husband bought one for the regular price after sitting in his truck all night. Was it right for the store to only sell him one? Sorry that the 4 others behind him would have lost out but he could have sold them one at a good price I'm sure. If that is how my family were to opperate but it isn't. He did not complain. He bought the one my family wanted and went on his merry way. My thoughts on supply and demand if you can afford to pay for 2 of these things in the first place you aren't doing so bad that you need the extra money you are making off others. Sure if you sold items for a little more than you paid for it or to cover some other expense incured fine but it is outrageous to take advantage of those less fortunate than you. Especially when they have 3 or 4 for sale. No need to get in an uproar over a simple discussion my friend. I just posted a question to see what people thought. Thanks for the response though.

That is wrong and they can be fined serious penalities by the government. Its called price gouging and during a natural disaster and declared emergency if they do that it can be upwards of $10,000 or more in fines.