This is a function of a few things. Here are a couple reasons that happens: -The... | Hacker News

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		Domenic_S on May 23, 2012 \| parent \| context \| favorite \| on: The Used TV Price Is Too Damn High This is a function of a few things. Here are a couple reasons that happens: -Their mortgage is close to underwater. They have to sell at an objectively high price to get out. -They're trying to short sell under an agreement with their bank. They price it intentionally high to keep it from selling.

jpdoctor on May 23, 2012 [–]

Sure, but there is a third reason: People have a very tough time admitting a loss. And it's not like those prices are going to come back in our lifetimes (if you're on the coast).

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