Predicting the AGon economy?


What are your thoughts on how the high-end audio market will fare given the current state of the economy?

We're not exactly your typical demographic when it comes to being hit by a recession. I know people who would sell their bed before downgrading their rig. On the other hand, most sales on this site (ostensibly) are the result of upgrading which is probably reduced at this point. So with both supply and demand going down, I haven't really seen very many price fluctuations.

I'm no expert on economics, but it seems that even this market should have an optimal time to buy. Anyone have any thoughts on this? I haven't been able to figure this one out.
joshclark

Showing 2 responses by almarg

Good comments by all. I'll add that prices for collectable and specially desirable/rare pieces tend to be driven significantly by overseas buyers. The much weaker dollar, compared to a few years ago, has therefore probably helped support prices for these pieces.

With the dollar rebounding somewhat recently, and the economic downturn seemingly spreading pretty much world-wide, I suspect that before too long we'll be seeing prices for these pieces coming down also.

Regards,
-- Al
It may be for the best in the end, if this period enables folks to become more attached to values in life rather than to mere indiscriminate costs and previous discretionary spending habits.

Well said!

Regards,
-- Al