First off, me definition seems a little different. When i think of a low baller, I envision someone who is offering you a ridiculously low price on something to keep you interested and then when it comes time to close the deal, won't honor his price.
Anyway, my position may also be different with regard to buying and making an offer. Using Justlisten's example, is it so out of line to make a significantly lower offer if there are 10 of the same thing for sale, at the same time? If the 10 are for sale at the same price and aren't moving, then that price is not fair market value of the item, whether you believe it to be or not. As for myself, when I'm looking at used stuff, I'm looking for an outright bargain. Some of you might say 'steal'. :-) Now, I'll agree there is a point of absurdity, but if an offer is made below what you think is 'fair', all you have to say is no. You have, after all, entered the free market with your product - and in most cases, OBO is listed next to the price.
Anyway, really playing Devils Advocate here. Perhaps those selling are offended by low offers because they have an emotional attachment to their gear. ;-)
Anyway, no hard feelings when I bid on your stuff! :-)
Chris