Housing and Electronics

[HiDefGuru]

Housing slump going hand in hand with Electronics

Thoughts? Working in a Big Box retailer (in a relatively s***y housing market area) I can definitely attest to this, although some of my go-getter managers refuse to admit to this scary fact.

 

[Johnd]

Well, absolutely. Economy 101 teaches us that leisure items are the first to slow in sales during a recession (oh...excuse me...pre-recession). People buy fewer and fewer unnecessary items...to save for necessary items. (Although, I'm sure many here would dispute the "extravagance" of our theaters and stereos...many here consider them a necessity...almost ). Heck, they've even been pronouncing it on the business talk shows and forums: invest in staples (not yachts). This is even more true with the masses (who have limited disposable income). Perhaps you should have your economy discussions here rather than at work.

 

[Exit]

It would not surprise me that people are cutting back in consumer electronics. You can postpone buying electronic toys for years if you need to. I’ve got four drivers commuting every day and I am feeling the bite of higher gas prices every fill-up. I’ve also got two college tuitions which really drain the finances. We don’t buy anything that’s not a necessity. The one exception was that I bought a PB12+2 on closeout pricing in January. I would have postponed that purchase longer except they were going to be discontinued and that was the subwoofer I had been watching for a couple of years. Previously I had not bought any electronics for about three years

 

[Halon451]

Well, sure - not everyone has hundreds of dollars to throw around on expensive A/V gear, despite the state of the economy. Those of us who consider this hobby a "necessity", and who may also suffer the occasional braining by a less-than-understanding wife with so many other things to spend money on, will still get by like little chipmunks greedily hording our reserve of acorns (money), as we're keeping an eye out for those B-stock items. Suffice it to say, my annual income is fairly respectable, and yet I fall into this category - many other factors to consider other than the current economic situation. Everyone always gets alarmed when the economy moves, but it is inherently unstable at best, and very unpredictable at worst - it's like the weather in Florida... if you don't like it, just wait a bit, and it will change.

 

[Halon451]

HiDef, btw you stole bandphan's avatar.

 

[HiDefGuru]

But the Evil Monkey REALLY IS IN MY CLOSET!!!