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> When shoppers see persistent price declines, they hold out on buying things. They ask, will I get a better deal next week, next month, next year? Who does th
by debacle 12y ago
> When shoppers see persistent price declines, they hold out on buying things. They ask, will I get a better deal next week, next month, next year?
Who does this? For 90% of my consumer goods, I don't care what they're going to cost in a month or a year. I need to replace the one I have today.
- pjc50 12y ago90% of your goods or 90% of the value of your goods? It's the big ticket items - TV, car, housing - that people delay.
- debacle 12y agoI wouldn't hold off on a car or housing - to assume that is ignorant - though with prices going down I would likely purchase a new vehicle much sooner than I otherwise would have.
- freeasindave 12y agoNo it's not. Millions of PC's are sold each quarter, even though they cost as much as a TV and they get cheaper all the time. When you need it, you need it. You might wait a couple of months, but at the end of the day you have to pull the trigger based on need. It's called marginal utility. When you determine that the usefulness of a good (to you) outweighs the usefulness of the cash that good would displace, you buy it.