Hifi prices are already outrageous and will only go up. Many manufacturers have already increased their prices and more to follow, even in the upcoming recession.
Fed rate increase = lower hifi prices?
Will the recent rate hike meant to slow down the economy result in lower hifi prices? Seems everything shot up during Covid. Will we now see some relief?
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Housing may or may not have peaked, it may or may not be dropping...housing may be taking a breather due to lack of supply fatigue. If someone is fortunate to have no debt and own their home, then you have an inflation hedge. Relative buying power for your housing remains in tact.
Regarding the rest of economic handwringing, if you have a properly balanced portfolio of assets and actively rebalance periodically then the churn isn't unwelcome. I love the comment about the market dropping yesterday without the same level of zeal for the day prior. The stock market performance for the week isn't a big deal. Audiophiles have predicted 50 of the last 5 recessions. |
I posted this under another thread but 8 years ago my integrated cost $2500. The one I have now is much better, does more things, and only cost me $2700. Prices are not really going up for what you can get as long as you know what to look for and have reasonable expectations. Whatever happened to being a smart shopper? All the best, |
Hope you are well Bill!
Demand isn't down, supplies are at historic lows. If you remove "stale" housing inventory from the equation (think a teardown priced at new construction per sq ft, there are some truly stupid listings out there) then the ratio between the number of potential buyers and potential sellers is nauseating in the event you are looking for housing. Another challenge...conforming loan amounts have failed to keep pace with housing prices. I'm not saying housing prices won't fall but there is enough pent up demand from groups with large savings that it won't be anything like 2008...home equity is also at historic highs.
Its the same old adage though right? Its a recession if your neighbor is struggling...if you are the neighbor in question, its a depression. |
How do you come up with these ideas? If the rates go UP, the Mfgs,& the home buyer pay more for borrowing $$$. That means mfg price increase and home buyer & renter payments go up
These rates are VERY LOW. IE Gas prices are very near doubled. That’s close to 100% NOT the 41% posted. Diesel fuel hit an all time high this past week. It is $5.29 here where its cheaper than a lot of places. this effects EVERY product because most everything is shipped at some point via Truck which uses diesel. Used cars were up 35%. I do most of the grocery shopping and can assure you that 10% is NOT ACCURATE for food. Hamburger was 3.50 LB Now it is $4.50-$5. That is 30-35%. coffee which was $6 is now $8.50. Thats about 45%. And consider this. the Cost of living index does NOT INCLUDE food, gas & housing. The market dropped bu over 1000 points yesterday. And as we speak the DC politicians spending $33 Billion more of OUR $$$, Not on us though Google Klaus Schwab, The World Economic forum, The great reset. I suspect what is coming will make 2008 look like a walk in the park. So buckle up folks. We have very few friends in DC. A D or R means nothing They have sold US out As @nonoise has said
And why not? We do nothing to stop them
We had local elections here in the UK yesterday and for the first time in ages I couldn’t bring myself to vote for any of the parties. The Convid Plandemic, and particularly the crippling Lockdowns, has dealt a huge blow to many economies and now someone must all pay for it. Guess who? Many many people will suffer, but not all.
Our Lords and masters, the global lending banks.
Come to think of it, perhaps I should have at least made my feelings felt at the ballot box by scribbling Klaus Schwab across it? I’m afraid it’s time to buckle our belts my friends. There might be some serious turbulence ahead and don’t forget your thermals for next winter! Now does anyone know whether you can use MDF as firewood...?
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