How Can Audiophiles Benefit from the Coming Economic downturn?


Just Asking.

128x128jeffseight

Wilson Audio will be offering 25% off in-stock models! Sorry, no custom-color options!

Post removed 

Nope …. I highly doubt it .

NEW

The annual model changeover “ deals’ provides old unit sales price offerings, but these are no new deal . And it’s limited to in-house stock.

the prices are being boosted annually in bigger chunks than in past years, so I don’t see that slowing going forward either.

PREOWNED

We’ve endured numerous threads ranting about crazy asking prices in lockstep.
High-end gear is alive and well and I don’t see any new deals or benefits here either .

There is an enduring constant in this crazy hobby:

Price is what you pay. Value is what you get.

Warren Buffett

 

 

You can sit in a foxhole with headphones at full blast until the all clear sounds.

Like a good audiophile vulture, when those who are unfortunate lose their employment and resort to selling their audio gear, swoop in to lowball them!

MERica!

... and then bang the prices up when you sell it back to them, better to stay in your foxhole IMO.

.ATC lowered their prices by 20%.

The SMC 19 is now $3,250.

Was $4,500.

That is significant.

 

@jeffseight 

Gear that isn't selling will get discounted, gear that is selling will hold the line and gear that continues to experience robust demand with growing waitlists to purchase will likely go up...kindof like always???

 

We've technically been in a recession for some time now. Some feel it, some don't, but there's always opportunity regardless of economic conditions.

We have not been technically in a recession, that being said there's no way this won't turn political so mods please delete it.
Decent hearing aids will finally become affordable for tapped out audiophiles. You know the ones- the geezers who finally emptied their wallets in pursuit of the unobtainable.

Some say it’s going to be worst than 1929 so we should get some amazing deals down the road

@ps *L*  I guess I fall into the geezer gaggle, but mine still charge and fill the bill and my ears....;)

It's hard to discern wtf is going to happen, politics and social ruckus aside.  Sometimes it seems to this one that all that one can do is grit teeth, tighten the spincter, and wade through the murk. :(

Everything seems to be on the brink of a reboot; how and what an individual can do is hold tight to the guard rails and persist, prevail, and carry on....

What one carries is the query...

Meanwhile....

 

...I play this, rather loudly...

Good grief and good luck.

J

I went to the mall to look for some bargins, since we're in an economic decline, but all 10,000 parking spots were taken, so I went home and listened to music.  🤣

Just like during the economic downturn we are already experiencing right now. There are always very smart buys out there as long as you are not stuck on brand names and looks. Otherwise you're screwed :)

"....I've got a head full of doubts, 'round here...

so tired of losin' out, 'round here

Overground

watch this space

I'm open to fall from grace."

6 Underground, Sneaker Pimps

 

 

@bigtwin 

The problem is that one can't play it loud enough to drown out the doubts 'n concerns....

Watch, and wait for the end..... ;)

 

There seems a lot of that sort of ending, goin' on....

FWIW,

It often seems to me that Americans are the only people who are afraid of their own food.

 

Post removed 

@jcoehler 

Like a good audiophile vulture, when those who are unfortunate lose their employment and resort to selling their audio gear, swoop in to lowball them!

MERica!

If you think that people in other countries care if you have a job when negotiating a purchase or will pay more because you've hit a rough patch, you should travel a little bit.  It's a very tough world out there.

The coming economic downturn is definitely not a given. The Fed is a lot smarter, but still without control of all aspects of the economy. I would estimate at this point a less than 40% chance of a real recession. But, at all costs, inflation must be controlled… this is the greatest danger. 1920’s depression is not going to happen.
 

The dollar is dropping, meaning foreign goods will not be as attractive. Good for our businesses and export. For buying audio stuff if there is a real recession… with inflation dropping and a depressed economy… I’m not sure that comb does anything for buying audio stuff. 

This thread reminds of all those "How To Profit From the Coming _______" whatevers out there.

Just fill in the blank with your disaster of choice, anything and everything goes, from "The Rapture" to Nuclear War. Seriously. It’s easy- you can find your favorite with a quick search using our friend, The Google. 🙄

Post removed 

Always fun to stir the pot a bit. 

Let's check back in the summer

for a status update.

@tomcy6 

Like a good audiophile vulture, when those who are unfortunate lose their employment and resort to selling their audio gear, swoop in to lowball them!

MERica!

If you think that people in other countries care if you have a job when negotiating a purchase or will pay more because you've hit a rough patch, you should travel a little bit.  It's a very tough world out there.

It was a poke at the audiophile community...

@rick2000 

Some say it’s going to be worst than 1929 so we should get some amazing deals down the road

And hopefully, the swing area will resurrect? And the Roseland, Savoy and Cotton Club? 💪🎼🎶

THAT would be an amazing deal.

 

Convert your HiFi into Crypto, bros! You’re all running late you old fogeys!

 

Some say it’s going to be worst than 1929 so we should get some amazing deals down the road...

If that scenario comes true being able to buy your neighbors stuff cheap is going to be the last thought or concern you'll have. Folks during the great depression had more character, ethics and grit than the vast majority of people today...remember how folks behaved over toilet paper? Hoping for a depression to be able to buy cheap audio gear...As if it would not affect you too in some fashion either directly or those you care about.

Be careful what you wish for (somebody had to say it.)

Curious, why seemingly does an audiophile feel compelled to consistently buy ? Is it because 80% have bought cherry on top junk then tweak it to the max ? Or gullible sorts believing every market promoting scam out there. I like the idea of buying over the top acclaimed Hugh end sound. Selective pre owned shopping can bag you some of the best sound Period !  A session leaving a person completely void of the need or desire to spend, is an accomplishment. 

It’s a means to an end that never ends.
Or something like that.
Ask a shrink. 😄

As for myself, I prefer to stay slightly mad, keeping with the tradition of being a high functioning neurotic.

All the best,
Nonoise

I think we can all agree that inflation is pretty bad, but that mainly affects people who can’t afford to buy their food, housing and transportation. I suspect that few people on this forum are in that position.  There are hints of layoffs, which might accelerate in which case some here might suffer. In general, there is a lack of optimism with regards to the future and this may keep people from buying high-end items that they would normally purchase. Perhaps this will slow the progressively crazy price increases recently seen in the audio/video product lines.  I know that manufactures such as Shanyata have had a huge increase in cost associated with raw materials. Reading between the lines I think this means purchasing wire from China, or PS Audio having problems, bringing new equipment to market because of unexpected parts shortage.  So, the move away from China might result in a different type of supply disruption.  With all that and more in play, I think it’s really hard to say with certainty what the next five years will bring to the audio and video industry.

A guiding principle which has always served me well is simply this:
"The Future Lies Ahead."

hilroy48

51 posts

 

North America is in a huge recession, People will not be spending money on anything other than essentials. The Canadian dollar is tied to oil and the US dollar. so once we get rid of the Liberal who are destroying the economy on purpose things will rebound. The Democrats should all be put in Jail as well. Its a shame what has happened, when you have 2 complete idiots in power.

A breathtaking level of ignorance.

@secretguy

+1000! :)

As an earlier poster suggested, it’s time for the mods to end this silly thread.

Exactly @secretguy 

Whenever I see a post like that, it reminds me of a great quote from Isaac Asimov...

Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."

To think that a post like the one referenced above elicits sane and snarky responses and when I called followers of climate denial "ditto heads" on another thread, one member had an aneurysm and laid into me about being so political. 

I'm still waiting for him to comment on this one. Funny, that.

All the best,
Nonoise

On top of people who need to sell due to the financial pressures, there will be fewer buyers overall.  This will lead to more used inventory.  
 

In my layman’s view of the economy, I’d think if inflation and employment remains high, and employers start tracking to inflation and continued interest rate hikes, that we could be in for a long slow build up with ever increasing interest rates (remember the eighties) before a major collapse happens.

My view is that the sooner the recession hits, the less painful and shorter it will be.  But inflation is still extremely high and interest rates are still increasing and employment (other than tech) is still high.  To me that is all ever increasing pressure that eventually spells impending doom but I hope I’m wrong!  The sooner that pressure is relieved the less pain the world will go through.

Core inflation has been down to around 2.6% for some time now. 
53% of inflation has been traced to price gouging.
If the Feds stop overreacting and stop raising interest rates, then we're all due for a soft landing. This Chicken Little routine is getting old.

All the best,
Nonoise

+1 @jcoehler 

Tragic, really.  And what remains of humanity keeps paying a very high price.