Has The Economy Affect You Buying Blu-Rays - Blu-ray Forum

camper · 10-27-2008, 03:05 PM

I didn't lose my job, in July I got a pay raise instead of a cut, I don't buy & sell stocks as a form of income, and I didn't buy a house I couldn't afford with a loan I never should have signed (ARM). Inflation has not grown exponentially, and other than the news media gnashing their teeth the only sign of 'problems' I saw personally was that gas was $4 a gallon.

"The potential that something bad might happen" is no more prevelant than it was 5 years ago. The difference now, is that people are paying attention. And panicking. And small businesses are suffering because people are scared to spend money because "something bad might happen"; making it easier for something bad to happen.

camper

johnnyd1 · 10-27-2008, 03:15 PM

Quote:

Originally Posted by camper

I didn't lose my job, in July I got a pay raise instead of a cut, I don't buy & sell stocks as a form of income, and I didn't buy a house I couldn't afford with a loan I never should have signed (ARM). Inflation has not grown exponentially, and other than the news media gnashing their teeth the only sign of 'problems' I saw personally was that gas was $4 a gallon.

"The potential that something bad might happen" is no more prevelant than it was 5 years ago. The difference now, is that people are paying attention. And panicking. And small businesses are suffering because people are scared to spend money because "something bad might happen"; making it easier for something bad to happen.

camper

That is/was the key !!!

Rovic · 10-27-2008, 03:46 PM

I've stopped completely but not becasue of the economy, its because all the money that i would have spent on blus is going towards the savings for the new receiver...

AintNoSin · 10-27-2008, 04:32 PM

I'm spending way more than a few weeks ago, but only because I didn't own a blu player until last week!

coolmilo · 10-27-2008, 04:40 PM

At this point the only thing affecting my BD spending is Warner's lack of lossless audio low-bitrate video. Otherwise I am not affected (yet) by the slowing economy.

DR BLU NEO · 10-27-2008, 11:11 PM

[QUOTE=camper;1258778]I didn't lose my job, in July I got a pay raise instead of a cut, I don't buy & sell stocks as a form of income, and I didn't buy a house I couldn't afford with a loan I never should have signed (ARM). Inflation has not grown exponentially, and other than the news media gnashing their teeth the only sign of 'problems' I saw personally was that gas was $4 a gallon.

"The potential that something bad might happen" is no more prevelant than it was 5 years ago. The difference now, is that people are paying attention. And panicking. And small businesses are suffering because people are scared to spend money because "something bad might happen"; making it easier for something bad to happen.

camper[/QUOTE

Well put. I couldn't agree more. I have cut back dramatically on everything. I chose food differently now. I stopped eating out alot. In the last two weeks, I stopped eating out entirely.

It's amazing how emotion can dictate the stock market, how people shop, etc. The biggest thing the government did is lose the faith of the people.

DR BLU NEO · 10-27-2008, 11:16 PM

But right now, I'm just worried. I stopped being scared when I stopped trading stocks completely. I put everything in FDIC insured CDs now. I'm never going back to stocks again. I think things are going to get worse. When everyone truly starts panicking, that's when you'll the worst. I think it has just begun.

Hopefully, a new president will instill calm and a return to normalcy.

Right now, I've stopped placing more orders for blus. It's too dangerous because you are worried about your job and your business. If enough people, lose their job or panic, it will affect your job or your business. It would be foolish if people didn't save for the impending rainy days.

DrinkMore · 10-27-2008, 11:24 PM

Quote:

Originally Posted by DR BLU NEO

But right now, I'm just worried. I stopped being scared when I stopped trading stocks completely. I put everything in FDIC insured CDs now. I'm never going back to stocks again. I think things are going to get worse. When everyone truly starts panicking, that's when you'll the worst. I think it has just begun.

Hopefully, a new president will instill calm and a return to normalcy.

Right now, I've stopped placing more orders for blus. It's too dangerous because you are worried about your job and your business. If enough people, lose their job or panic, it will affect your job or your business. It would be foolish if people didn't save for the impending rainy days.

Save for what? Granted I agree with you 75% of the way - what I don't understand is if there is "impending doom" - you can have all the money saved up in the world - it won't do you any good. It would be useless.

Not spending money is worse. Let me just say this, if you are cutting out blu's to save money because of the current "crisis" (this is not directed to ANYONE, but a general comment), then you are already SOL. Saving the 20 bux from the 4/5 blu's you purchase every month if that - will do nothing for you in the next few months. Lol. That's like putting away a penny a month to save for a trip in a couple years. Not feasible.

Living in fear does nothing for you or the economy.

dad2erin · 10-27-2008, 11:40 PM

Not really, I want something I get it.

Seeking_Alpha · 10-28-2008, 12:03 AM

I hope people use their money to pay down high interest debt rather than save it.

No debt? Then save for your retirement. Go and max out your 401k or IRA.

rayfundora · 10-28-2008, 12:49 AM

Yes, I am buying less DVD's. I make over 100,000 K a year, but I'm still not buying all the DVDs I want. It just doesn't make sense to spend money right now.

ground chuck · 10-28-2008, 12:10 PM

i've always been selective on my blu's, i don't buy just to inflate my movie count. i buy b/c i want to get movies that i like and will watch over and over again. so, i've become more selective in a down economy.

Blu Man · 10-28-2008, 02:01 PM

Quote:

Originally Posted by ground chuck

i've always been selective on my blu's, i don't buy just to inflate my movie count. i buy b/c i want to get movies that i like and will watch over and over again. so, i've become more selective in a down economy.

That's what I do. Buying every Blu ray you see is a waste of money. Go Seahawks

Bad season though.

The Laughing Man · 10-28-2008, 02:14 PM

Well it did - until I got one heck of a raise. I was always discerning with my purchases as well, but was dreading Sept., Oct. and Nov. as there are a lot of big time blus coming out that I wanted.

Thanks to the raise, I'm back in business!

View Poll Results: Are You Buying Less Because Of The Economy
Yes Im Buying Less	75	31.78%
No Im Buying Just The Same As Before	132	55.93%
Im Buying More	29	12.29%
Voters: 236. You may not vote on this poll

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10-27-2008, 03:05 PM	#1
camper Blu-ray Guru Member since:Dec 2007 Blu-ray collection:367 DVD collection:445 Blu-ray reviews:1 Trading Score:1	I didn't lose my job, in July I got a pay raise instead of a cut, I don't buy & sell stocks as a form of income, and I didn't buy a house I couldn't afford with a loan I never should have signed (ARM). Inflation has not grown exponentially, and other than the news media gnashing their teeth the only sign of 'problems' I saw personally was that gas was $4 a gallon. "The potential that something bad might happen" is no more prevelant than it was 5 years ago. The difference now, is that people are paying attention. And panicking. And small businesses are suffering because people are scared to spend money because "something bad might happen"; making it easier for something bad to happen. camper

10-27-2008, 03:46 PM	#3
Rovic Expert Member Member since:Jan 2008 Location:Orange County, CA Home Theater Gallery:22 Blu-ray collection:252 Blu-ray reviews: 1	I've stopped completely but not becasue of the economy, its because all the money that i would have spent on blus is going towards the savings for the new receiver...

10-27-2008, 04:32 PM	#4
AintNoSin Blu-ray Guru Member since:Oct 2008 Location:Above the Convenience Store 4K collection:136 Blu-ray collection:594 DVD collection:299 Digital collection:212 iTunes collection:18	I'm spending way more than a few weeks ago, but only because I didn't own a blu player until last week!

10-27-2008, 04:40 PM	#5
coolmilo Blu-ray Guru Member since:Jan 2007 Location:Silicon Valley Home Theater Gallery:16 Blu-ray reviews:2 Trading Score:2	At this point the only thing affecting my BD spending is Warner's lack of lossless audio low-bitrate video. Otherwise I am not affected (yet) by the slowing economy.

10-27-2008, 11:11 PM	#6
DR BLU NEO Special Member Member since:May 2008 Location:Antarctica Blu-ray collection:161 Blu-ray reviews:6	[QUOTE=camper;1258778]I didn't lose my job, in July I got a pay raise instead of a cut, I don't buy & sell stocks as a form of income, and I didn't buy a house I couldn't afford with a loan I never should have signed (ARM). Inflation has not grown exponentially, and other than the news media gnashing their teeth the only sign of 'problems' I saw personally was that gas was $4 a gallon. "The potential that something bad might happen" is no more prevelant than it was 5 years ago. The difference now, is that people are paying attention. And panicking. And small businesses are suffering because people are scared to spend money because "something bad might happen"; making it easier for something bad to happen. camper[/QUOTE Well put. I couldn't agree more. I have cut back dramatically on everything. I chose food differently now. I stopped eating out alot. In the last two weeks, I stopped eating out entirely. It's amazing how emotion can dictate the stock market, how people shop, etc. The biggest thing the government did is lose the faith of the people.

10-27-2008, 11:16 PM	#7
DR BLU NEO Special Member Member since:May 2008 Location:Antarctica Blu-ray collection:161 Blu-ray reviews:6	But right now, I'm just worried. I stopped being scared when I stopped trading stocks completely. I put everything in FDIC insured CDs now. I'm never going back to stocks again. I think things are going to get worse. When everyone truly starts panicking, that's when you'll the worst. I think it has just begun. Hopefully, a new president will instill calm and a return to normalcy. Right now, I've stopped placing more orders for blus. It's too dangerous because you are worried about your job and your business. If enough people, lose their job or panic, it will affect your job or your business. It would be foolish if people didn't save for the impending rainy days.

10-27-2008, 11:40 PM	#9
dad2erin Active Member Member since:Feb 2008 Location:south hadley, ma Home Theater Gallery:9	Not really, I want something I get it.

10-28-2008, 12:03 AM	#10
Seeking_Alpha Active Member Member since:Jul 2008	I hope people use their money to pay down high interest debt rather than save it. No debt? Then save for your retirement. Go and max out your 401k or IRA.

10-28-2008, 12:49 AM	#11
rayfundora Junior Member Member since:Jan 2008 Blu-ray collection:3	Yes, I am buying less DVD's. I make over 100,000 K a year, but I'm still not buying all the DVDs I want. It just doesn't make sense to spend money right now.

10-28-2008, 12:10 PM	#12
ground chuck Power Member Member since:May 2007 Location:Charm City Blu-ray collection:75 Blu-ray reviews:48 Trading Score:18	i've always been selective on my blu's, i don't buy just to inflate my movie count. i buy b/c i want to get movies that i like and will watch over and over again. so, i've become more selective in a down economy.

10-28-2008, 02:14 PM	#14
The Laughing Man Active Member Member since:Nov 2007	Well it did - until I got one heck of a raise. I was always discerning with my purchases as well, but was dreading Sept., Oct. and Nov. as there are a lot of big time blus coming out that I wanted. Thanks to the raise, I'm back in business!

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