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tegs07

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Posts posted by tegs07

  1. 6 minutes ago, SubsonicSimpleton said:

    Yep, having a spare room full of instruments that don't get much play but you keep them all because [insert excuse], used to be very low ongoing cost, but now not so much.

     

    I expect that quite a lot of people with higher amount of personal debt are going to struggle even if they are in well paid jobs, interest rates don't have to move very far north to completely toilet the housing market.

     

    Indeed. The whole world is panicking as central banks revert back to base rates that were considered normal and safe before we collectively lost the plot and went on some kind of drug fuelled profligate spending orgy. What a total mess. If the western world was a band it would be the Happy Mondays.

    • Haha 2
  2. 2 minutes ago, SubsonicSimpleton said:

    Sterling is in the toilet against USD and shop overheads are also being hit by energy prices, so I'd expect new prices to skyrocket on anything made in the USA and everything new and used in bricks and mortar stores to inflate to whatever is perceived as being what the market will stand.

     

    The secondhand market local to me, private used prices went way up during lockdown, with a shortage of anything decent on the market music related, but in the last few months there has been a steady flow of instruments and equipment being dumped into the market and even the local bedroom traders have been dropping their asking prices.

     

    As we get into autumn and winter, the reality of energy costs is going to start biting harder - I expect many bargains will be available in the short term for those who have the cash reserves.

    Agreed. I would add that the energy costs are not as big an issue as the costs of remortgaging in 2023 or shrinking rental supply and rising costs of accommodation in general. This is the next big panic the media haven’t quite begun to grasp …. yet.

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