HuubL
hunter-gatherer
... will second hand camera prices follow?
The economy is back on the rise...
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John E Earley
Tuol Sleng S21-0174
Only if the Fed starts buying them.
Dave Jenkins
Loose Canon
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What universe are you living in? I'd like to move there.
Don Parsons
Well-known
Not here it isn't.
mdarnton
Well-known
Since the "rising" economy is only benefitting the top 1% or so (source: http://money.cnn.com/2013/09/15/news/economy/income-inequality-obama/index.html ), while everyone else is having the life sucked out of them to feed these parasites, your used camera will only be gaining values if some ultra-rich guy wants it. What do you think the chances of that are? I'm saying the chaces are about even with the American people waking up, realizing they've been had, and doing something about it.
ChrisLivsey
Veteran
...their previous downward spiral?
The digital used dealers in the UK are running "specials' ie cutting prices. Film seems stable for the, forgive the name, bankers. eg Leica, Nikon rangefinder and collectibles. The shooters are dropping eg F4/F3. Other brands may as well be on buy one get two free.
Al Patterson
Ferroequinologist
QE4? Wouldn't need anywhere near $85 billion though...
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willie_901
Veteran
The economy is doing well here in St. Louis. Even on weekdays the mall parking lots are full and it's hard to find a place to park on weekend. A huge outlet mall complex just opened in August. Restaurants (especially non-chain stores) are crowded.
Except for luxury price homes, there is a shortage of listings for sale and bidding wars are reappearing. I see more home repair/remodeling activity too. This activity is probably temporary as people scramble to take advantage of what they assume is the tail end of low home interest rates.
Abandoned store fronts are harder to find in the suburbs.
The less affluent parts of the region are hurting though. These areas have not recovered at all from the crash/depression/crisis. In fact the poorest areas are extremely depressed. Home prices are crashing in some blue-collar suburbs. So the recovery is lopsided, but it is not limited to the 1%. Maybe the top 25% or so might be benefiting here.
How this would have any impact on second-hand camera prices is beyond me. New sales are down.
I assume the OP wasn't thinking about smart phone cameras. However I just found out if I buy a new iPhone 5S (8 MP sensor/f 2.2 lens) on contract ($199), I can sell my 12 month old iPhone 5 to Amazon, Best Buy or even Apple and realize a $100-$150 profit. If I wanted to hassle with ebay I might $25-$50 more. So if you consider smart phone cameras, used camera prices are great for sellers.
Except for luxury price homes, there is a shortage of listings for sale and bidding wars are reappearing. I see more home repair/remodeling activity too. This activity is probably temporary as people scramble to take advantage of what they assume is the tail end of low home interest rates.
Abandoned store fronts are harder to find in the suburbs.
The less affluent parts of the region are hurting though. These areas have not recovered at all from the crash/depression/crisis. In fact the poorest areas are extremely depressed. Home prices are crashing in some blue-collar suburbs. So the recovery is lopsided, but it is not limited to the 1%. Maybe the top 25% or so might be benefiting here.
How this would have any impact on second-hand camera prices is beyond me. New sales are down.
I assume the OP wasn't thinking about smart phone cameras. However I just found out if I buy a new iPhone 5S (8 MP sensor/f 2.2 lens) on contract ($199), I can sell my 12 month old iPhone 5 to Amazon, Best Buy or even Apple and realize a $100-$150 profit. If I wanted to hassle with ebay I might $25-$50 more. So if you consider smart phone cameras, used camera prices are great for sellers.
Roger Hicks
Veteran
Ko.Fe.
Lenses 35/21 Gears 46/20
Lucky Dutch People!
Here the only thing which is on the rise is taxes.
Here the only thing which is on the rise is taxes.
colyn
ישו משיח
Why are people still losing their job and why are companies reducing their work force to partime..
Al Patterson
Ferroequinologist
I could tell you what I think, but I don't need to have any more posts deleted...
The economy is growing, too slowly, but it is growing.
gb hill
Veteran
The economy is back on the rise...
...only in our President's world.
...only in our President's world.
Rangefinderfreak
Well-known
I guess the crowd hanging out here, that can invest in cameras, like we read: Multiple hasselblads, leica M:s etc, are hardly those that are suffering from the ups and downs of economy... They are not the homeless in street images, but those that preserve them on film or sensor...
Al Patterson
Ferroequinologist
The economy in the Virginia and Maryland counties surrounding Washington are doing very well.
Roger Hicks
Veteran
Not exactly. My multiple cameras are the result of 40 years working in photography. The ups and downs of the economy certainly affect me -- as does the strength of the euro.
Cheers,
R.
Al Patterson
Ferroequinologist
Two things:
Like Roger, my collection took 20 plus years to acquire. Having been out if work, I did buy a camera this year, but prior to that my last camera is vintage 2007 or so. I haven't had much fun in the intervening years. My finances have suffered greatly during the "Great Recession".
I don't take pictures if the homeless.
gb hill
Veteran
Major Tom
Established
Cameras in this type of niche are more or less "luxury" items that will always, more or less, be expensive as their demand is insulated from macro-economic conditions.
I live near Columbus, OH and things still aren't stellar. Lots of low wage positions are opening but the area still has no industrial or technological backbone to speak of (except in research). Ohio in general for the past decade or so hasn't been great. The average wage has decreased 12% in the past ten years (iirc), and unemployment hasn't dipped below 7% post-crisis. Ohio is important in law, healthcare, education and a wide variety of technological research, but this does not translate into street-level prosperity. The upside is if you want to raise a family or get a good education cheaply, it's a good place to go. The cost of living is very low.
Going to Richmond, VA for a bit was like having a grey pall lifted off the world. Everything was just more... pleasant. The immediate area around VCU was so much better than OSU.
I live near Columbus, OH and things still aren't stellar. Lots of low wage positions are opening but the area still has no industrial or technological backbone to speak of (except in research). Ohio in general for the past decade or so hasn't been great. The average wage has decreased 12% in the past ten years (iirc), and unemployment hasn't dipped below 7% post-crisis. Ohio is important in law, healthcare, education and a wide variety of technological research, but this does not translate into street-level prosperity. The upside is if you want to raise a family or get a good education cheaply, it's a good place to go. The cost of living is very low.
Going to Richmond, VA for a bit was like having a grey pall lifted off the world. Everything was just more... pleasant. The immediate area around VCU was so much better than OSU.
35mmdelux
Veni, vidi, vici
We are in a New Normal Economy in which we will continue to experience severe boom-bust economic cycles for years to come.
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