Opportunity (For Me) Knocks
I stumbled upon an opportunity to buy a used Delta 3 HP Cyclone Dust Collector complete with ductwork and blast gates for $500. It belonged to an elderly woodworker in my neighborhood who passed away in 2009. His son (45 or so) has no interest in woodworking and doesn't really know the value of any of the stuff that's left. I told him honestly that similar machines sell for $1500 and up new, but $500 is really all I'm willing to put into a dust collector. He seems willing to sell at that price, but we left it open until after Christmas.
I love a good deal as much as the next guy, but I don't want to ever take advantage of another person's ignorance or desperation. Should I be able to sleep at night if I take this deal?
“We should be careful to get out of an experience only the wisdom that is in it and stop there lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again and that is well but also she will never sit down on a cold one anymore.” - Mark Twain