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I am involved in luxury items at the low and middle range. In both markets no one is spending.

submitted by Dindu to EconomicCollapse 6 monthsApr 6, 2024 12:19:51 ago (+48/-1)     (EconomicCollapse)

Breaking even on merch shows in multiple regions. That's crazy. And on the civilian hand to hand level people are only willing to pay 30 or 40% for good shit. I've never seen anything like it. If your good shit is priced at fifty percent of its absolute value, even on a global market like ebay it is not going anywhere. Dealers should be scooping it up for resale in california or japan, and they are not even making lowball offers. Luxury market is in trouble.

In addition to this, bottom level things like craigslist and marketplace are becoming useless. We often find ourselves only dealing to other dealers, becoming middlemen at a lower rate for someone with more clout


114 comments block

Dindu 8 points 6 months ago

If we don't make a brilliant transition into something else i'm about to feel the pain