How will the COVID-19 pandemic affect sites like Audiogon?


One would think that with social distancing and shelter in place policies, there has never been a better time for upgrading and enjoying your audio system.   But is now the time to buy and sell?  The mass unemployment and economic distress accompanying the pandemic seems certain to undermine what is essentially a luxury market encompassing both gearheads and music lovers?  What effects on buying and selling audio gear — both short and long term — can we foresee?
merlin

Showing 4 responses by inna

I think, people are afraid. Fear can manifest itself in different ways, including aggression, both verbal and not. I also think people are confused and most are completely unprepared for possible big changes, hopefully temporary. 
40% unemployment may sound like exaggeration, but this is a new situation so who knows ? Surely can be 20%, I would guess.
Stratification of the society should increase too - good if I am wrong.
As for buying equipment, right now I am not in the mood and I upgraded last year. Sure, many will be saving up and buy nothing , degree of uncertainty is high.
Canada should be prepared for the 'American virus' to come to them. No, you can't close the border. I know where to cross it in a broad daylight undetected, and so do many others. Americans will come for healthcare too if it becomes a madhouse here. And, finally, we can invade Canada and overrun it in two weeks or less if needed. Stay alert.
Let me just say..you got it right. I don't know about Canadians but if pushed hard enough Americans will come and take.