I was browsing my old posts and found a semi-promise to relate a story about a massive keyboard I didn’t want anymore. And the thought of that coincided with something I’ve given thought to in the past with collections.
But first, the story. At one point in my studio, I had five keyboards. Two 88-key and three 61-key synths. On one rack, behind my desk, I had the General Music Equinox and the Casio CZ-1.
On the wall to the right of my desk, I had the Roland RD-600 and a CME UF6. The CME did not have any sounds; it was just a performance controller. Sadly, the computer drivers went out of date before I could ever use it. I’ve actually forgotten where it went or what I did with it.
And in storage was an old Ensoniq ESQ-1, my first professional-grade keyboard. It was awesome to the end. That keyboard was eventually sold for a pittance to a guy I was in a club with. I should have just kept it in storage.
Anyway, I didn’t have a real use for all these keyboards, especially two 88-key controllers. The Equinox had to go. I wasn’t looking to make money on it, I thought it would be a fair trade for a mixer, which is something I did need at the time.
I have a Guitar Center in my town, so I loaded up the Equinox in the GF’s car and we headed down to make a deal. This keyboard is a beast, all metal case, weighted keys, hard drive, floppy drive, sequencer, the works. But when I get to the equipment guy at Guitar Center, he looks it over and just says, “nah.” Not literally, but he said as politely as possible that they did not want it. I explained that I didn’t want cash for it, I wanted to do a trade. That didn’t change his mind. So I was bummed out and got ready to pick the monster back up to haul it outside again. But then the guy asked, “What were you looking to get for it, anyway?”
And I can’t definitely explain why that question caused me to see red. Maybe I thought he was mocking me after telling me my keyboard was worth nothing to them. It was a pointless question, completely unnecessary. Like, if I said, 50 bucks, he would change his mind? Did he want to see just how desperate I was? Was he looking to either take advantage of a low price or laugh at me for an unrealistic price? All these thoughts rushed through my mind and I just snapped at him. “Nothing, if you’re not interested in taking it!” And things got awkward, partially because my outburst didn’t really make any sense.
I stormed out of Guitar Center carrying my massive anchor under my arm and the GF followed me out, silently and probably sheepishly. I’m not one for making a scene (unless someone forgets my SPOON), so it was just bad all around. And you know what kind of hurt the most? I bought that keyboard used from the Guitar Center in Plymouth Meeting before I came to Florida. They’ll sell it, but they won’t trade for it.
So fuck Guitar Center. After calming down and reassessing, I decided to try the other option, Sam Ash Music. This would require a longish drive, like an hour away. So I loaded the Equinox up and headed out solo. This sales guy tried to set my expectations low. He said that nobody really wanted these old synthesizers anymore and the best he could do is try to sell it as a MIDI controller. Yeah, yeah, I hear ya. He said he could give me $150 for it.
As insulting as that was, I pressed on. I asked if I could do a trade for a mixer and he warmly agreed. We walked over to the mixers and I reviewed what I could get for $150. There was an ok model, but a much better one was there for $200. So I asked him if I could get the $200 mixer. He said yeah, we could do that. We had a deal. (Spoiler: we didn’t.)
The sales guy gets the mixer, does up all the paperwork for the keyboard trade and he sends me off to the cashier. She punches everything in and says that’ll be $54. Excuse me? This was a trade. She says yeah, the keyboard is a $150 credit and your mixer is $200. The sales guy gets called back over. I ask him what’s going on and he reiterates that we agreed the keyboard would be $150. I explain that I thought when we were looking at mixers and I asked if I could get the $200 mixer, we were negotiating. Nope, we were not negotiating at all.
I didn’t want to storm out of a second store in a blind fury, so I sucked it up and bought my $200 mixer for $50 and unloaded an anchor. In hindsight, I should have kept the keyboard in storage. I could have gifted it to someone who really wanted to play music.
So that’s the story of the Equinox. I said that that the circumstances of that story made me think of collections. The other night I did a quick Craigslist search for CDs and found someone selling his collection of “over 750” CDs. First of all, you don’t have an accurate count, that’s strike one. You don’t have a list of albums or even artists, strike two. You can’t make out any titles from the photos you posted, strike three. And for your strikeout, what were you looking to get for it, anyway? $2,250? hmmmm. Ok. $3/CD is fair, if I want ALL the CDs. But at this point, from what I know about the collection, I want zero.
This is the curse of all collections, that the bigger they get, the less aggregate value they have and the more individual value they potentially have. It’s the same problem with thrift shops and many flea market dealers. They make the incorrect assumption that every CD is worth the same. Any intelligent person would agree that is not true at all. And as the valuable CDs are snatched up, you are left with nothing but junk that is worth far less than the price you are asking.
The End Of Credit Cards
https://www.msn.com/en-us/money/personalfinance/the-age-of-credit-cards-may-be-ending-and-thats-a-good-thing/ar-BBGMvem
It’s been a while since I’ve done an article commentary. This one really set me off, so it’s been in the queue for a while. I’ve said that journalism is dead many times and that many new articles you read are either opinion pieces or are sponsorship pieces to promote one thing or another or to detract from someone’s competitor.
This article is not really any of those. It feels to me that the author had an idea and just thought up reasons as to why that idea might be true. It’s actually not too far removed from the bullshit I post here on my blog. I could be getting paid for this fuckery?
So let’s start, then. The article is saying that credit cards are going to disappear and people are going to stop using them in favor of other forms of payment. And that other form of payment isn’t cash!
These are the reasons why:
Now, here’s some statements that I really want to punch in the face:
“This points to an important truth: Even for most online payments, cards simply aren’t necessary.” – Cards are absolutely necessary for online payments because of the aforementioned consumer protection.
“Since so many people already use smartphones for day-to-day payments like ordering food or hailing an Uber, ditching wallets altogether seems like the logical next step.” – The ability to do two things (neither of which I’ve done) means we should just eliminate wallets. That’s totally logical. Now I can hear you, “just because you don’t do it doesn’t mean it shouldn’t be done.” Well, just because some people do do these things, doesn’t mean that’s the eventual solution.
“[Bitcoins,] Unlike credit cards, they have low transaction fees and don’t require sales tax.” – Your payment method has zero bearing on how you are taxed for a purchase. And what transaction fees? Currency conversion is even free with my no-cost Capital One card.
And the summary: “After all, for consumers, the motivation to ditch the card is simple: lower fees, improved convenience, and increased financial independence.”
If you are ditching a credit card because of the fees, you’re doing it wrong. If you think any other payment form is more convenient (and safer) than a credit card, I don’t know what to tell you. If you think you are somehow going to succeed financially by ignoring a significant source of credit history that can determine how you can afford to purchase a house, lease or buy a car, get an apartment, get utilities turned on without a hefty deposit, or get a better insurance rate, then by all means, try it. Then complain at how difficult it is to not have a solid credit file. Also, you can enjoy not getting any rewards for using credit cards for your daily purchases. If you have the self-control, you can utilize credit cards to get significant cash-back rewards.
Call me old-fashioned, but the mindset set forth in this article is foolish.