You seem to just be extrapolating based on old information and bad comparisons. Click through the $269 link. The M2 listing redirects to an Intel Mac mini model.
Apple trade-in value is currently $565 for the base 16GB/256GB M4 mini. (up from $480 a couple weeks ago)
https://i.imgur.com/9qgKSZd.png
I paid $500 for it. Why would I sell it to you for $300?