New Life Games LLC

eBay and other online auction sites news and info => Found on eBay, Craigslist, or other similar sites => Topic started by: timcdfw on August 25, 2021, 07:36:26 PM

Title: Wow …he wants a car as a trade? 😝
Post by: timcdfw on August 25, 2021, 07:36:26 PM

Worth $4k  :24:



https://houston.craigslist.org/atq/d/humble-colectible-slot-machine/7371159085.html

Colectible Slot Machine - $4,000 (Humble, Texas)

Collectible Vintage Slot Machine For Sale Bally Manufacturing Company Slot Machine Model/Serial # 1091-371 For $4000.00 Ro Trade For A Car, Truck or Motorcycle.

Title: Re: Wow …he wants a car as a trade? 😝
Post by: smoothgrh on August 25, 2021, 10:34:31 PM

A guy can dream, can't he?  :lol:

Title: Re: Wow …he wants a car as a trade? 😝
Post by: erbs on August 26, 2021, 07:38:26 AM

They dream bigger in Texas  :24: :24: :rotfl: :rotfl:

Title: Re: Wow …he wants a car as a trade? 😝
Post by: jay on August 26, 2021, 09:16:12 AM

There was a documentary of a guy who traded his way up from a paper clip all the way to a house.

Here is the story
https://www.newindianexpress.com/world/2019/jan/17/heres-the-story-of-how-a-man-bought-a-two-storey-house-with-just-one-red-paperclip-1926304.html#:~:text=Here%27s%20the%20story%20of%20a%20Canadian%20who%20bartered,jobless%20but%20wanted%20a%20house%20to%20live%20in. (https://www.newindianexpress.com/world/2019/jan/17/heres-the-story-of-how-a-man-bought-a-two-storey-house-with-just-one-red-paperclip-1926304.html#:~:text=Here%27s%20the%20story%20of%20a%20Canadian%20who%20bartered,jobless%20but%20wanted%20a%20house%20to%20live%20in.)

What the story is missing is that once he went public with this is that the CRA (Canadian Revenue Association - equivalent to the the US IRS) came after him to pay capital gains on the value of the house.
Capital gains of 50% is due when you sell, however when you barter your way up you owe 50% on all those trades leading up to the house.
So if you went from a $50 bike to a $500 boat and from boat to a $2000 car.

You would pay the difference between the bike and the boat $225 (1/2 of $50) as it presumes that the gain you made was on the bike.
And then again the gain from the boat to the car.... $750 (1/2 of 1500 gain).... and you haven't even sold the car !!

This is why he ended up donating the house to town.

Title: Re: Wow …he wants a car as a trade? 😝
Post by: dailey on August 26, 2021, 11:23:47 AM

Sounds like they dream big in Texas, and some don't learn how to spell.

Title: Re: Wow …he wants a car as a trade? 😝
Post by: shortrackskater on August 26, 2021, 02:59:41 PM

Quote from: dailey on August 26, 2021, 11:23:47 AM

Sounds like they dream big in Texas, and some don't learn how to spell.

 :24:

"Ro trade for a car..." HUH? Maybe it's Scooby speaking!

Title: Re: Wow …he wants a car as a trade? 😝
Post by: Paul on August 26, 2021, 02:59:44 PM

Humble TX is full of California transplants that think that is a normal price for a slot machine.    :money: :WeirdEyes:

Title: Re: Wow …he wants a car as a trade? 😝
Post by: jay on August 26, 2021, 03:10:41 PM

Keep it classy guys we dont want this to degrade into Slot Shaming   :thank_you:     :rotfl: