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❓ASK Do you think luxury item investment is affected with pandemic ?

ening31

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There is nothing we can do to that, since everybody knows what's happening to the country, so we just have to bear with them
I think people will still buy luxury item in high price especially the classic ones. Except if the owner really need money which is rare to happen since those who can afford luxury items mostly people who has lots of money.
 

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People who buy luxury items are very wealthy they are not easily affected financially though it is not a guarantee that people who sell or invest in luxury items are rich they might just be doing business on loan
 

ening31

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People who buy luxury items are very wealthy they are not easily affected financially though it is not a guarantee that people who sell or invest in luxury items are rich they might just be doing business on loan

I agree not all people affected financially with pandemic. Oh right! i know there's some people doing a luxury item renting business. Wealthy people would just buy the item right away but for those who wants the taste of luxury but have minimum budget sometimes prefer to rent, so that's when the business kicked in. They can sell or rent it.
 

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A good luxury item for now can give you good returns without too much depreciation. In my country for example people doing with car business especially in my town haven't received more like usually. There is a car yard where they sell cars and one can come finding no one that suits him/her.So anyone who had bought a good car cad end up selling at a good price if the buyer is need of it.Compared to other times where one can easily access .
 

ening31

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That's it is mostly for those that can afford it but they are not much, because this pandemic has caused so many avoke

Yes true, i have a friend whose living 12 hours away from me, when she visited me the 1st question she asked was where she can buy brand G--ci (not sure if i'm allowed to mention the brand here). In this pandemic situation she even rented a room in a 5 stars hotel. Mind you we have few hotels opened in my place for domestic tourist. That's how wealthy she is.
 

ening31

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A good luxury item for now can give you good returns without too much depreciation. In my country for example people doing with car business especially in my town haven't received more like usually. There is a car yard where they sell cars and one can come finding no one that suits him/her.So anyone who had bought a good car cad end up selling at a good price if the buyer is need of it.Compared to other times where one can easily access .

Oh interesting to know, is it brand new car or a used one ? because in my country, selling a new car in this situation wouldn't be a good business. In contrary, lot of people in my country actually selling their used cars because they need money to pay up their loan (esp. those who lost their job due to pandemic), usually the car was bought by that loan.
 

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I feel luxury items are all season market items since the buyers are mostly wealthy enough to purchase at anytime. I wouldn't call a car a luxury item though because almost everyone has a car be it on load or personal purchase.
 

ening31

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I feel luxury items are all season market items since the buyers are mostly wealthy enough to purchase at anytime. I wouldn't call a car a luxury item though because almost everyone has a car be it on load or personal purchase.

Yes, i don't think wealthy people will be affected that much with the pandemic, especially for classic or rare item if they're a collector they would pay a lot to get it. What about car like a personalized color lamborghini ? Or maybe limited edition of super car?
 

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Yes, i don't think wealthy people will be affected that much with the pandemic, especially for classic or rare item if they're a collector they would pay a lot to get it. What about car like a personalized color lamborghini ? Or maybe limited edition of super car?
Well, when you are specific with brands, then we can categorize those as luxury and meant for the rich. I was just referring to cars as a general term.
 

ening31

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Well, when you are specific with brands, then we can categorize those as luxury and meant for the rich. I was just referring to cars as a general term.

Oh i see. Thanks for further explaining. I was confused lol since those branded car is in different level
 

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The moment someone has more than three cars specifically for movement then it is luxury, the pandemic affected luxury business because the wealthy people were scared of going and also there were movement of goods .
 

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In my opinion in general it's affected, cause people would think twice to spend for luxury goods in time like this, but it all depends on what the luxury items are
 

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In my opinion in general it's affected, cause people would think twice to spend for luxury goods in time like this, but it all depends on what the luxury items are
Those who trade in luxury items dont think of 'people' since they have their target consumers. They are those who have more than enough with no regards for value of money (most times).
 

Josemendez

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Hi all,
I'm just wondering if luxury item investment is affected with pandemic situation at all, would the re-selling price still high ? What do you think ? Will anybody want to buy it ?
Most people are focus at recovering from the effect of the pandemic and at such most people don't think of luxury equipment for now , their aim is how to get money and solve their needs .
 

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Those who trade in luxury items dont think of 'people' since they have their target consumers. They are those who have more than enough with no regards for value of money (most times).
Well that just my opinion, during these time those people who could afford luxury goods source of income also getting affected by the pandemic, and that makes them think twice to buy luxury items during these times
 

ening31

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Those who trade in luxury items dont think of 'people' since they have their target consumers. They are those who have more than enough with no regards for value of money (most times).
I agree, they have their own market and target consumers. I think It's not about money or function anymore but the value of the product hold, whether it can upgrade the owner status or simply they just like to collect such things.
 

ening31

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Most people are focus at recovering from the effect of the pandemic and at such most people don't think of luxury equipment for now , their aim is how to get money and solve their needs .

Yes, i agree about this. Most people would think about their basic needs first. But there's certain people who actually buy luxury items in this kind of situation, my high school friend did, like this pandemic didn't bring any effect to her luxurious lifestyle at all. She's not even listed in top 10 wealthiest people in my country. So just wondering, if luxury market would be affected at all.
 

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Yes, i agree about this. Most people would think about their basic needs first. But there's certain people who actually buy luxury items in this kind of situation, my high school friend did, like this pandemic didn't bring any effect to her luxurious lifestyle at all. She's not even listed in top 10 wealthiest people in my country. So just wondering, if luxury market would be affected at all.
They may have people that still patronize them but the population won't be that as it was before the pandemic . People were idle and without source of income for months thus some may not have much money to buy luxury things
 

ening31

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They may have people that still patronize them but the population won't be that as it was before the pandemic . People were idle and without source of income for months thus some may not have much money to buy luxury things

Yes, there would be some kind of effect to the luxury market as well, i believe. As you've mentioned above, the population won't be the same as before pandemic.
 
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