Krash mentions pawn shops, a great source for low priced 12 strings. My guess is a lot of people get a 12'er, loose interest and need a bit of cash. The local pawn shops have a bunch of 'em.
I picked up a vintage Eko Ranger 12 string, at a pawn shop a bit over a year ago. Great guitar. Big, twangy sound. Not a full time member of the herd, just a visitor.
"The music business is a cruel and shallow money trench, a long plastic
hallway where thieves and pimps run free, and good men die like dogs.
There's also a negative side."
--Hunter S. Thompson
Guitars: Dean Sweet Wood 00R, Martin D2R, Guild D60, Guild D35NT, Morgan Monroe M30, OS baritone Uke