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Old 04-11-2021, 04:44 AM
Torontotraders Torontotraders is offline
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With all due respect. Isn't that the way things are today? I don't think houses across Canada are worth a (at least) million bucks for something just 6 months to 3 years ago was worth anywhere from 20 to 50 percent less.

Supply and demand dictate the buying pressure on any specific item that you or myself might or might not agree with. Yellow (wild) tangs are (at least for now) simply at a point where the supply chain has been cut off, and therefore cause a rise in demand. You may not want one, but others might, even if, at one time, they were considered the 'rabbits' of the tang world, that is no longer the case.

If we lived in a world where we thought certain things should remain at the value of yesterday, food prices would not be going up, housing prices wouldn't be going up, and my stocks would remain stationary. No matter what I/you think about the cost of what a fish may be worth, I'm not going to think less of someone else because we chose to sell our fish for more, or chose to buy one that we can't find (any longer) for a premium. What someone considers expensive, another will purchase because they feel it is worth it to them! Hence the reason why housing prices are skyrocketing. That's not desperation, thats supply, and demand - If we don't like it, we stay out of the market and wait for a possible change.

By the way, the reason why Achilles are at a premium is the exact same relative reason. They are not an easy fish to get, although for a different reason the principles are the same
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