I think a lot of this is explicable by people re-allocating money they would have spent on other stuff like holidays to sedentary hobbies like ours which you can do at home by yourself.
The interesting question is what happens when the pandemic ends. Do people just snap back to their previous spending habits and stop pouring money into cards like they are now? Or has some of this changed behavior become permanent - people having been turned into hardcore collectors staying that way?
Either way, I would “hold” on any major purchases now since its obviously a seller’s market.
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