Oh ya totally agree. It's definitely a buyers market right now. If you want to grab something cheap off craigslist now is definitely the time. Ebay isn't as good because it's nation-wide and world-wide. The key is to pick an economically crappy place in the US, check out it's craigslists, and go buy stuff for a steal.
And if you're selling, you either need to be patient or be willing to take a hit probably. Most of my gear is stuff I don't really care if someone buys or not. So if I don't get back what I bought it for (assuming it's still in the same condition), then I won't sell it.
