The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: orkrious who wrote (169162)	12/4/2008 8:24:13 PM
From: TH	Read Replies (1) of 306849

ork, <sticky prices> will be around until sales are dramatically impacted. That is happening now, so I think you will see a roll-back on lots of goods that saw a spike. Maybe not so much with food, but with lots of manufactured products. Then again, not everyone passed their costs through, and they all want to average out this loss of margin by keeping the price as high as possible for as long as possible. That only works if the market demand is there, and I know we both think the consumer is really tapped out this time (heard that before <g>). One of my suppliers pulled an increase shortly after oil broke 80. And I learned that a competitor just pulled a 5% increase this week. That competitor had zero chance of actually getting that increase, but I was very pleased they were stupid enough to do this. That move opened two very solid opportunities for me, and the party that made the request to me is still interested even after the increase was pulled. That party plans to punish my competitor for their stupidity. GT TH

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