Quote:
Originally Posted by 911AP
I feel everyone here just has confirmation bias. The AP market has pretty much stabilized from a month or so ago. In fact some royal oaks have started to move back up.
Everything for right now has taken a hit. It's only temporary. It will go back up. May take longer to get back to how it was, but it will eventually get there. People forget this trend has happened before. They end up going higher. The supply situation has not changed at all. It's not any better. Did everyone forget Econ 101? Demand may have taken a hit but not enough for these to go back to MSRP or anywhere close to it when they were selling 2-3x across the board.
Don't compare AP to Rolex......
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I'm not saying you're wrong, but the above in bold is nearly word for word what "experts" were saying about the US housing market circa 2008...
