Why are the buyers referred to in derogatory terms? By the same logic, the seller should also be referred to in the same derogatory terms, for holding out for too high of a price.
Or one could do the sensible thing and leave emotion out of it, and realize business is just business. The market price is the price that results in a transaction.
>Why are the buyers referred to in derogatory terms?
Because they are taking advantage of the owner's impaired judgement due to their personal situation/ill health in trying to extract an unfair price. Such behavior is referred to as "morally reprehensible" at best, and is skirting the legal line of what would be considered a contract made under duress at worst.
> Because they are taking advantage of the owner's impaired judgement due to their personal situation/ill health in trying to extract an unfair price
I think you are assuming way too much - a lot of older folks sell things "because they are done", and much is upside from when they purchased or started originally. Even when they are ill, many folks just don't care enough about the money enough to wait it out, negotiate, etc.
I'm not assuming anything. I was answering a question based on:
> There is a whole industry of those bottom feeders the author referred to, who's business is precisely waiting for these sole owners to either die, or better yet become incapacitated to the extent they are forced to sell their businesses (but not so much that they can't hold a pen and read a sales contract), so that they can swoop in and offer them 2x or 3x - "what's your best alternative?".
It's not material to my answer whether that statement is true or not. If you think it is untrue, take it up with user "_rm".
So no one should ever buy from someone who is dying or ill?
That’s crazy. Supply and demand curves are in constant flux. The seller didn’t like the market prices when they were healthy, that does not mean they are entitled to a minimum price. Everyone gets ill and dies eventually, and everyone knows it. They are free to sell before that at the market price.
> So no one should ever buy from someone who is dying or ill?
You can do that. However there's an issue with basing a business around reaching out to people with bad-faith offers the week their parents died or they were hospitalized themselves.
Easy to see how specifically targeting the dead or dying for profit is worthy of derogatory terms.
If you think otherwise, maybe you shouldn't view "bottom feeder" as derogatory? They keep the seabed clean do they not? It's all just "business".
And yes, the sellers in this case are also in the wrong, best case being bad luck, mid case being failure to prioritize, through to ignorance, delusion, stubbornness, arrogance, etc.
Or one could do the sensible thing and leave emotion out of it, and realize business is just business. The market price is the price that results in a transaction.