Quoted from frolic:
NIBs are eating the used market's lunch.
The days of making money off something you owned for 6 months are over. I'm fine with that. I just sold my $4000 drum set (bought new) for $1500. That's the way things go.
What it does mean is that people will keep games longer, rather than quick flipping. I don't mind taking losses but only if I have owned the game a good while. Churn rate will decrease all over I reckon.