quoting each other prices on things: then vs. now

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bloke
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quoting each other prices on things: then vs. now

Post by bloke »

Considering that the value of our money is in flux - and that (mostly) it is in the toilet, I think it’s just fine for any of us – whether we are individuals or businesses, who talked earlier with others about doing things or selling things to each other - to change (raise) prices - based on the fact that the money discussed six months or a year ago no longer represents as much value.
I’m not changing the prices of any in-progress jobs I’m doing for anyone, but - if I told someone something that someone I have (or some service that I might offer) could be bought for X a year ago (and - at that time - they told me they would “think about it“), the price of that same item or service today from me might very well now be 1.3 X (etc.) Our rulers and their mouthpieces/media tell us that the recent inflation experienced to date has only been “blah-blah” percent, but all of us know that most of the things that we have to buy have gone up much more than “blah-blah“...
…so - when any of us feel that we must change a deal offered earlier - when that deal was not excepted earlier, I don’t see as anyone behaving in this manner as being dishonorable in any way.


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Re: quoting each other prices on things: then vs. now

Post by JESimmons »

It’s common in some industries to put a time limit on a quote. Sounds like a good idea.
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Re: quoting each other prices on things: then vs. now

Post by matt g »

JESimmons wrote: Mon Dec 27, 2021 4:59 am It’s common in some industries to put a time limit on a quote. Sounds like a good idea.
Like almost all industries…

No one reasonable is going to be offended with a quote that has a 30 day expiration.
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Re: quoting each other prices on things: then vs. now

Post by bloke »

…and individuals (not discussing buying from businesses, but discussing buying things from other individuals) should remember this as well, if a person who owns that item wants a higher price for their thing weeks or months later, as the deal was not consummated when it was first discussed…
… and “so what” if a specific price was advertised on the Internet - weeks or months ago.
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Re: quoting each other prices on things: then vs. now

Post by Doc »

My wife said that she wished gas prices were what they were two years ago. I told her she could wish in one hand and $#!+ in the other and see which one fills up first. :laugh:

Times (and prices) change, and not always in one's favor. It is what it is.
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Re: quoting each other prices on things: then vs. now

Post by KingTuba1241X »

Doc wrote: Wed Dec 29, 2021 3:02 pm My wife said that she wished gas prices were what they were two years ago. I told her she could wish in one hand and $#!+ in the other and see which one fills up first. :laugh:

Times (and prices) change, and not always in one's favor. It is what it is.
We'd have to go back to about 2003 prices in California for me to want to "go back" to any of OUR prices. It was about $1.47/gal then and it never stopped going up. :gaah:
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Re: quoting each other prices on things: then vs. now

Post by Three Valves »

KingTuba1241X wrote: Wed Dec 29, 2021 4:07 pm
We'd have to go back to about 2003 prices in California for me to want to "go back" to any of OUR prices. It was about $1.47/gal then and it never stopped going up. :gaah:
Easy peasey, just buy an electric car or ride a bike, peasant!! :smilie2:
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