In any supply & demand market, pay close attention to what's happening at the luxury segment. Across the board, the bubble is imploding in watches, exotic cars. Soon they won't have a supply chain problem but the incoming tsunami of boomers drastically reducing their consumption as they cannot rely on pensions and social security going forward.
I am also noticing the same pattern in luxury real estate. I see listings routinely sell below the asking price or not selling at all. There is a cash crunch coming and the rich are urgently putting up their items for sale.
I am also noticing the same pattern in luxury real estate. I see listings routinely sell below the asking price or not selling at all. There is a cash crunch coming and the rich are urgently putting up their items for sale.