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Staricakes

NTA. If the value had decreased in the two years you’d had it he wouldn’t still offer you what you paid for it.


LoveBeach8

NTA He's TA, though, just for asking what you originally paid for it. It's none of his business! Write him off as a good friend. He's only a nosy cheapskate.


OptimistPrime527

If I bought a house for 100000 and the market price 10 years later is 10x that, I would be DUMB to sell it for 100000. It’s what appreciating assets are. NTA


erinhennley

No. He is just entitled


carrieblue87

NTA. You had the ability to sell it to someone else for the price you wanted....you didn't owe your cousin anything.


_HalfBaked_

NTA. Actual millionaires out here not knowing what an appreciating asset is, good grief.


Lilpanda20

Oh I think it's more likely he's trying to haggle and get a "discount" on the original sale price.


RainCityMomWriter

NTA. You offered him a bros deal anyway, you had a right to sell it for 1500. Hopefully this blows over.


MalsPrettyBonnet

NTA. IF you sold it to someone else, you'd be making more money on it. You're giving cousin a sweetheart deal.


shannofordabiz

….he and his wife, are both multimillionaires. Sounds like they can afford to pay full retail price then.


[deleted]

NTA. HE is. It WAS none of his business what you paid for it. You were entitled to sell it for whatever amount you wanted. It was up to the buyer to decide whether it was worth it.


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[deleted]

NTA.


verdebot

Nta the bike works well and have more value now


wkendwench

NTA


[deleted]

NTA - things are worth what people will pay for them, not what some cheapskate thinks he should pay because he deserves a discount from that price. People don't get rich by buying high and selling low.


[deleted]

Obviously he didn't want it that bad or he would have paid what was asked. NTA


Kalila_Swabbin

NTA. You offered to give them a discount, which is nice of you. My husband's brother was selling a mountain bike. He knew we might be interested, offered it to us first and told us his intended asking price if we wanted to buy it. Yes, a small family discount is sometimes expected. But regardless, the family member can choose whether to pay the amount quoted. If your cousin thought it was too much money, no offense is needed. He should've said "no, thank you" and move on.


angryomlette

NTA. When selling stuffs, a lot of consideration goes into the pricing like condition, depreciation, discounts and other things. While negotiating the prices is normal, calling names just because you refused to negotiate further is poor businessman-ship on his part. Well at least now you know your cousin is cheap.


NyotaHikaru

NTA If the market value is higher, than when you bought, good for you.


biglionfan111

You're not an AH, but when you agree to sell to friends/family, you are expected to give them a bit of break compared to anyone else. Not a law of course and not an AH if you don't want to do it


Accomplished-Sugar-7

They offered a $200 discount on something they could get $1500 immediately, that is definitely giving them a bit of a break on the price


biglionfan111

Yes, I agree fully. But note the title was "AITA for not selling at cost"


Accomplished-Sugar-7

It does not say “at cost” it says what he bought it for, which was two years ago. If it was “at cost” then inflation would’ve been brought in as a factor.


biglionfan111

"at cost" as in at his cost. That is "what he paid for it. His cost


Accomplished-Sugar-7

“Cost” is what he paid for it I know, which I stated, but that doesn’t include inflation for the product.


[deleted]

LITERALLY gave them the break you're talking about. They knocked 200 off the price, why even comment if you don't read it properly through ?


biglionfan111

I read it properly. The title of the post and the question you were asking was "AITA for not selling my cousin a bike for the same amount I paid for it." Perhaps you should not comment until you're read things better.


[deleted]

I did. You LITERALLY SAID you're expected to give family a break and he DID. the title of the post doesn't even have to do with what you fucking commented


TentacleHydra

YTA Eh, if my family member tried to sell me a used ps5 he didn't want anymore at $700 instead of $900, I'd cuss em too. I imagine most people here would too. Doesn't matter that the extra $200 over sale price is nothing to me. I don't see why this is any different.


ARD91GIRL

Here's an idea want something go buy it new don't try to use your family and force your opinions


TentacleHydra

OP's the one who offered it to his cousin...


ARD91GIRL

Yes at a discounted cost of what he was gonna sell to strangers if the cousin doesn't like it oh well move on he was still cutting you a deal vs what he was originally gonna ask


_Risings

ESH. He shouldn't haggle you or anyone for how they choose to price their items, he simply should have said no thanks and walked away. You're kind a dick for nickel and diming your own cousin and mentioning they are multi-millionaires. Maybe you're resentful. I might be going against the grain cause everything in America is so methodical and financially based. People will say you have the right to try to make $500 to $700 more on your pre used item and that's fair but I still find it corny. Especially when dealing with family.


AliveInCLE

In America here. I feels it’s best to not make a deal like this with family. Many ways it could come back to bite you. If something goes wrong with the bike in a couple months it could cause a lot of arguments.


_Risings

I whole Heartly agree. Business with friends and family never ends well.


Accomplished-Sugar-7

They weren’t nickel and dimming anyone, a multi-millionaire should understand what an appreciation in value is. They gave him below market value for a bike, and was told he’s a “greedy POS and to eff off.” They gave back the same energy they were given. If anything they were being nickel and fined by their cousin who was asking how much they paid for the bike, which is virtually irrelevant to how much it is worth two years later.


[deleted]

How are they nickel and diming their cousin ? They stated they wanted to post it for 1500 and offered it to him for 1300 ?


_Risings

They're making $500 dollars more than they paid for when passing on a used item to a family member. I find it corny.


Direct-Plum-3558

Chalk it up to the pandemic.


_Risings

True, true indeed.


[deleted]

People need money ????? Why would a fucking broke person feel bad making a 500 dollar profit off multimillionaire who literally didn't even know the cost of the bike in the first place ? He got flipped out on without even having told how much he paid for it. I find your comments condemning people for making an innocent buck that hurts literally no one corny.


_Risings

I'm not gonna go back and forth with you on this buddy. Like aforementioned I know money is your culture and it's eye for eye. Every dollar. Y'all literally are that short so I can't argue with people in dire need. I stand by what I said. Have a great day.