A few reasons
-people wanting to be an influencer, brag, or show off buying or trending things, keeps the hype price afloat
-people buy things on credit that they can’t afford and don’t care
-LFS are not necessarily abundant with locations or options. Some people may live a 1-2 hours from a quality saltwater store. If buyers want something specific, they have to face a $50 shipping charge, so why buy 1 $15 frag and pay $50 to ship it.. so it makes sense to buy enough to get free shipping, when they do buy.. might throw that overpriced trending one in there
-buyer hoping to grow it and sell frags at the same price locally
-sellers would rather sell overpriced and wait for a larger margin
-people just have money to blow
The thing is.. there’s all these garage sellers/online dealers charging within the same 5% overpriced number as someone like TSA. With all this competition, laws of supply and demand should kick in, but in today’s
market, they don’t.. just like people are still buying $10+ value meals from McDonalds.. *(tin-foil) credit cards and investments on their receivables will be the next collapse*
Except TSA has the most rediculous prices I thought I’d never see. I guess they think they’ve cornered the
market with their brand. The have green slimers listed for $50-60 a frag. It’s insane. Locally they are $5-$10.
Don’t get me started on how everythings always “on sale”.. They say a $20 frag, for a plain microscopic mushroom (which should be maybe $10), has an original list price of $100, but today and all other 364 days of the year it’s actually always 80% off at $20 just for you.. “50% off all corals today” “blah blah biggest live sale ever!!”, yet they’re somehow always the same price..
Some things dwindle down eventually, mainly after everyone gets a piece, trying to resell and tanks are stocked.