Market Adjustment

Yep, It's the wise buyer season and hard times the sellers.
Lakland was one of the first big names who makes on time changes from "expensive and/or exotic" to more affordable bass lines. Elrick, MTD, KS, Zon, Sadowsky...

 

It's not a matter of price, it's a matter of priority and right now, basses are not on anyones priority list. You can knock hundreds of dollars off items but if nobody is buying you just won't sell it. I just went through this with a EBMM Sterling. It's a tough market out there!

 

Human beings are truly amazing creatures...every time markets crash, people always forget that they go back up. This time it will be no different and 5 years from now everyone will be talking about the time they passed up a great NYC Sadowsky or Fodera or (you insert name here) for a ridiculously low price...

In times like this, the smart money buys...a year ago was the time to be selling...

 

I've read about similar market stories during WWII, expensive violins and museum's items selling for nothing and victims of hoarder collectors.

 

Agreed, but many people like myself are investing in mutual funds or other investments that are down 40+% in the last 12 months with growth potential. Not tons of musical instruments.

I am still buying the odd bass if the price is right, but it has to be an outstanding deal.

 

I'm still buying basses.

 

?

 

I am spinning The Beatles tune "Something" as performed by Booker T. And The MG's....

I suggest everyone does the same...or something like that.

 

The "great depression" lasted for much longer than five years.
Once you've been wiped out, it doesn't matter if the markets
come back in a few years. You've already lost everything.
I sincerely hope you're right. But once you loose your house,
car, 401K and investments, a good deal on a bass just doesn't
seem that important. The new status symbol....having a job.

 

Oh I know very well markets go back up, and I know now is the time to buy dirt cheap.
But this time around, my line of work (I do truck repair) has suffered from people not spending money on their vehicles, so I don't have any extra spending cash for them like I used to. And in actuality, my line of work being in the automotive industry, I've recently seen so many repair shops have closed down, and even several major car dealerships have gone out of business...you bet I'm worried!
Like debassr said; "it's a matter of priority right now", my priority is keeping a roof over the family's head.