This morning’s New York Times reports that The Well-Off Are Spending Again — but Carefully. The article focuses on your usual bitchin’ baubles: privates jets, big bling rocks, real estate, luxury hotels. What no exotic automobiles? Well, no. And for good reason: the full-retail, box-fresh Aston, Ferrari, Maserati, Lamborghini, Porsche, etc. market is still in cryogenic suspension. The bottom line at the top of the market: no one’s paying stupid money for stuff, now. As we reported previously, the high-end shotgun market is alive and not as unwell as it used to be. As ArmaLite will tell you, the cost of the good stuff is holding steady. And the used high end firearms market is a bargain-hunter’s paradise. So . . . how about you? Bought any guns lately? New or used? Did you spend as much money as you did before the economic meltdown? Would you if you could? Or have you permanently recalibrated your purchasing patterns? Personally, I’ve just signed up for a Benelli M2 Tactical with a pistol grip and ghost ring sights ($1329 msrp). Under more favorable economic conditions, I would have bought it earlier. But I need it for business, and tax time’s rolling around. (That’s my story and I’m sticking with it.) You?
As an anecdote, East Coast Gun Sales, which I refer to for pricing, has sold the Ruger LCP, and a couple of SR9s they had for sale last time I checked. East Coast is near a small city, and I wouldn’t call those backwoods guns.
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