Consumer behavior is funny, when asset values are rising we get FOMO and act irrational. Down markets, that psychology is the opposite, consumer spending grinds to a halt when RE, equities get hammered. House appraised at 100K less, investments down another 200K, and cost to carry any debt up significantly? Turns out we aren't as rich as we thought we were.
Bottom is about to fall out on a wide range of assets, should be very interesting to see how the hobby reacts.
Personally, I will be a buyer, following a number of cards that are 20-30% off peak and hoping they go lower.
Last edited by japhi; 05-09-2022 at 10:38 AM.
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