There's a used tool store in Cambridge, Ontario where the owner's philosphy isn't much different. The place is stuffed floor to ceiling, and he whines about having five times that much in storage, but if you ask the price on anything, he makes up some story about the price of a new one, and offers it to you at about 20% more than new retail.
Last time I was in I asked about a 3/8" air ratchet that looked like it had been dragged in behind a towtruck from the next city. Only $80, as is.
Of course, he had a brand new one-ton Ford with every option beside the store, so there must be enough idiots with money to keep him going...