I'm perfectly happy that the market is crashing. The past few years, collecting and buying sneakers has lost so much of the positive feeling it once had. Now it basically feels like a fight just to secure any size, let alone your size. Hype and Profit overcame the actual culture. Now that the market is low, lets hope people who actually want the kicks have a better shot at grabbing. Although I REALLY hope that the other markets go back to the way they were (gas, inflation, etc...), if the sneaker market stayed where its at where shoes start sitting and going for under retail, I'd be VERY happy about it. Resell has been shifting sneakers in the wrong direction to where people have lost the real culture of collecting and community that made it great. Its about time resellers take one giant L so us who actually care about the culture can enjoy it again.
I do want to clarify that when I mean reseller, I do not mean all of the people selling 1 to a few pairs, I'm talking about the people who use bots to buy out entire stock lists as they drop.
I've taken a year hiatus, I stopped watching almost all videos and following socials. Still love my collection but it has been nice no trying to cop all the time and just not caring. I am going to jump back in, in 6 months and see what's out there. Hoping prices continue to tank.
I personally love it. I love the fact that if I strike out on a shoe, I don’t have to pay hundreds of dollars to get the shoe. Everybody is in it for the “resell”. For a buyer, this is great right now.
Finally some good news, been out of the sneaker game for a year now because all the resellers, hopefully the prices stay this way so you can actually cop something
Yeah it's funny to me that people are complaining about prices tanking. I didn't realize so many were buying just to sell? I buy my shoes to wear and actually feel kinda guilty for wearing them when I could flip them for double the price. Let the market tank so people can actually buy the shoes they want and then wear them.
past year I feel 90% of the shoes that bought on snkrs and foot locker nike were meant to be sold collectors stopped collecting to become a reselling scum now they're getting fucked in the ass not the buyer 🤷 sucks to be them
Honestly this is kinda refreshing. I havent been in the sneaker game too long but its always been extremely saturated and hyped up which isnt neccessarily a bad thing, but its made it quite hard for me to cop for personals at times. I feel like this is good for people (obviously not resellers) but the general consumer who will actually be able to cop what they want. Hopefully i can still cop the travis for personals, but i see these still being unaffected by the market crash. If anyone ends up copping a UK6 on the day and wants to throw them to me for a steal, hmu XD
@@sweatynachos1422 they won’t. Big pairs like TS AJ will still sell out like mad but all the waste man who were speculating on pairs to get 50€ profit or asking for non hype 5year old pairs 330€ and wouldn’t let down the price guess what. Writing is on the wall
With sneaker prices going down, I find it odd you chose to make a video on how to cope with a loss of investment, rather than making a video that puts sneaker heads on to dope shoes that are now actually affordable. The sneaker market crash has been the best thing to happen to sneakers in years
Calling anything that you buy a “liability” is incorrect. They are either assets or expenses. If they’re not expenses, then it’s a factor of whether they are appreciating or depreciating assets. The sneakers are an asset, the credit card debt is a liability. The car is an asset, the loan on it is a liability. The house is an asset, the mortgage on it is a liability.
Just to add, expense is an outflow of money or an asset. For an individual expenses pertains to the basic needs. While an assets are resource that has future value, thus sneaker would qualify as an asset for an individual, eventhough you use it, it would still have a value.
I don’t resell kicks so I’m good with the sneaker market crashing. Now I can get those SB’s, Dunk’s and J’s for a little over resell and the new drops are sitting on shelves! Like Mickey D’s “I’m lovin it!”
The silver lining out all of this is that it's HURTING resellers and that's always a good thing. People are always in it for just the "investment" now instead of buying it because they simply like it and will use it for themselves.
My only request to the resell market is leave the GRs alone! They’re supposed to be enjoyed by everybody. Not supposed to be sitting in consignment shops or some timmy’s garage. Limited run collabs should have better release mechanics too. These are the ones, imo, that should command resell price. Sneaker culture is mostly made up of collectors. Let them pay absurd money. But regular folks who only keep at most 5 pairs that usually pick up shoes at the mall shouldn’t become victims of these culture vultures.
Respect the honesty and balls to say “at the end of the day it’s just sneakers” for a sneaker channel. Imagining any sports channel saying “it’s just a couple of guys playing with a rubber ball in a park” hahah
As someone who has never cared about the value of my collections and doesn't resell, this market is fantastic. Between sneakers, vinyl, and cars... this is great.
@@gotworc Yeah, I mean, I have a car that I paid $800 for 15 years ago and it's now $10k+. Forget trying to find OEM parts, for that same reason. People are overpaying for cars and trying to fix them and overpaying for the parts too lol.
I think that this video was so honest and what was needed. I think the fact you gave people the advice they need so very thoughtful and appreciated. And, if no one said thank you, I will.
I copped like 11 pairs of kicks in the last 60 days. All for retail or slightly higher. This is coming from someone who buys twice a year lol I love ❤️ the crash
Alright imma say it. IF YOURE WORRIED ABOUT THE VALUE OF YOUR SHOE DROPS YOU NEVER SHOULD HAVE BEEN IN THIS. Sneakers are NOT an investment stop treating them like they are. Its Footwear
I don’t care if it never comes back I like being able to buy shoes for regular price and wear them on my feet . Plus some of us have real bills to pay and shoes are the least important commodity on the list.
Good. This is only good for actual heads, and the casuals can get the hell off the market. Hope this means the market goes back to being like the 00s before rags like this the New York Times started talking about sneakers and streetwear
I’m a buyer, seller and collector. Gas just got me these days. Taking a chill pill until prices come back down. I’m certain a ton of other people are in the same boat.
Sorry accountant here. Just because property depreciates it is not a liability. It’s just a depreciable asset. A liability is an expected future cash outflow like debt or your credit card bill. I think you are just comparing a depreciable asset vs non-depreciable asset.
Well said, Seth! So many other channels are still doing the "don't sleep on these.." routine in a down market. I'm glad you're keeping it real! TJ is also a great financial advisor in this space who tells it like it is
@@TalksWithTJ TJ!! You're awesome!! If people don't know about you, I gotta let 'em know! And if people do know about you and your amazing work.. I still gotta let them know!! You are very much appreciated! 🐐🙏🏻💙👑
Sneakers aren't liabilities, they are assets as you own them. Even if that asset depreciates, it's still considered an asset. A Liability is something which you owe such as mortgage on a property.
I don't re-sell. I bought a pair of Adidas and a pair of New Balance when the stimulus came. About $270.00 before tax and I already had a wear daily Nike and New Balance pair so rotation still wearing those. I'm happy.
The sneaker market needs to crash so hard, that prices go back down close to MSRP. I am NEVER going to spend thousands of dollars on a shoe that will not last a lifetime when I can put that money towards traveling, investing, my house, etc. It's a stupid thing to do and people need to stop. If it's an original 85 AJ1, okay, I get that. It's a vintage collectors item. A Travis Scott AJ1 is not. I will happily pay around $150 for reps that feel the same and let me rock what I love, without worrying about, "Oh man, did I just lose $$$ by wearing a pair of sneakers?"
The height of reselling sneakers is over. Face it. There will always be a market, but the days of common sneakers so called “selling out” are done. It’s back to pre-Covid days were everything was sitting except for hyped up collabs. People who actually wear their shoes let’s eat 😂
Resale prices have always been a non-starter for me... If Nike/Adidas etc. don't care enough about their customers to differentiate them from resellers who actively hurt customers, then why would I give them my money
I respect this, I can imagine young cats or just irresponsible people have chosen a pair or sneakers over bills. Or being inconsiderate of their parents finances and almost everyone is kind of feeling it now a days. Be responsible, Jordan's aren't worth you getting evicted. And they damn well aren't worth buying if you ride the bus everywhere to begin with, at the end of the day they are just shoes. Anything can get addictive and yes even buying sneakers
@@michaelbishop9157 ✌ Vehicle prices has helped push inflation to a 40a-year high. Used vehicles 41.2% Gas 38% Tires 15.4% Vehicle parts and equipment 14.3% New vehicles 12.4% Public Transportation 8.3% Note: Percentage show prices between February 2021 and February 2022.
I'm quite neutral for the sneaker market crash, 1 is because is don't like entertaining those resellers that put a +200 dollar markup on shoes I really liked. 2nd is that I buy reps nowadays which reignited my love for sneakers with half the price of paying resell most of the time, and I still get to wear shoes I really liked
It will continue to go down there will be a time where reps are identical to authentic and no one will be able to do anything about it which kinda sucks, but will make it easier to get real shoes
love that you addressed the elephant in the room -- that sneakers people own and wear are not an asset. too many people own sneakers as personals, thinking/saying "my collection is worth such-and-such." they think it's an investment you can wear over the years. wake up call: you cannot have your cake and eat it too. it's a fallacy because 1) sneaker resell prices fluctuate daily, 2) your collection would only be "worth" that much if you offloaded it right then and there, not factoring in taxes and fees which are a significant dent, and 3) if they're used, they won't fetch anything close to what they're quoting on the resell market. and let's not even start getting into the storage space and temperature control bills you'll be paying to hold onto sneaker inventory. in short: it's way easier (and smarter) to make money in other investment vehicles -- real estate, stocks, etc.
Most of these comments agree with me. I think most people are glad and happy the market is crashing. Most people (who watch this show for example) actually enjoy and wear their shoes. The fact that resellers took advantage with bots and all was unfair for most to begin with.
This is the reason why reps took off and are honestly a better option for people who keep getting wrecked by raffles. Resellers killed the market for people who just like a good pair of Travis Scott’s and want to wear them to beat them up because they’re comfortable and like them. Not for reselling purposes but just to actually wear them. I have zero sympathy for people losing money over good reps.
Sneakers are nothing like the stock market and should never been compared. 7 months later and sneaker resale is still in the toilet. I've watched my collection depreciate by a few thousand and continues to go down. At this point, I've lost more in sneakers than crypto.
Don't care, this is a great time to just buy and wear shoes and not matter too much about where the shoes have come from and the fact that reps are just as good makes all of this that much better. Between that and the whole Nike vs Stock X thing, I'll be honest, I love it here. As a 20+ year vet in this, I'll be the first to say reselling flexing "sneaker culture" Bulltish needs to stop fr fr. Only way that happens is if resellers and hype aren't acknowledged, people really explore their purchase options, stop pedestalizing shoes and just let prices come down. Long as that happen then people can just wear the shoes and enjoy the product again
Recession. So if your only hustle is flipping... Find a new hustle. Like a day or night job. Find a recession proof job. Having one at this time is key because WHEN the recession "officially" hits things, people, companies, will freak out. Aka, not hire, pay low, etc.
I hope the sneaker market stays down. I hope it goes back to normal. Shoes are so expensive. And I can’t even get a pair of Jordan’s anymore cause everyone buys them to sell them for way more then what their worth
Yes the sneakers market will comeback but it will be different. Different trends, different buying habit, different prices. It will be unpredictable to say at least.
prices are coming down, which is fantastic for the culture definitely, but i still think reps slowly replacing retail. with the prices of everything, it’s a lot more economical to buy reps atm because you can get a good pair for >$100. retail is always preferable but anymore idk🤷♂️
I don’t believe resale will bounce back to what it was. Not because resale itself is dead. But because customers aren’t there the kids pushing fashion forward can’t afford these shoes. And the margins are too thin for resellers. And Nike going straight to consumer probably marks the end of it all tbh.
as a well off person i’d still rather wear reps than pay resell, sneaker game has pathetically changed since the 2011 concords and i refuse to buy into this toxic ass shit unless i’m getting my pairs retail - inflation is a factor but the market will never go back to where it was, consumers are exhausted
I think it's a good thing makes me happy btw. I hope the days that you could pop in your local nike outlet have equal opportunity to buy a dunk or may be j1 for a reasonable price would come back.
Good!! Then it can just be like any other clothes and accessories if you want it you can just buy it. It shouldn’t be a stock market or a game we just wanna get kicks for retail.
The shoe game is just like the diamond business. Demand is inflated by hoarders creating a false shortage of goods. Giving them the ability to charge whatever they feel since you can’t find them for retail anymore.
none of my sneakers went down which is nice, in fact a lot of the "hype" sneakers that I traded for my less hype ones went down so basically im better off than i wouldve been
Guys you gotta realize that it is just sneakers . I love sneakers and collecting too and I believe that everybody should be able to go to a store and pickup any sneaker that they want without paying absurd prices. So I think that the sneaker market crash is a huge dub. People should get a real job instead of stealing everybody else’s opportunity to buy a sneaker that they want in its retail price.
I've seen a few videos of people stating the sneaker market has crashed but I honestly dont see what everyone is talking about. Everything I have currently looked up is still priced at double the retail price. Can someone please help me understand what everyone is referencing to keep making these statements?
Buy if you're a buyer, sell if you're a seller, hold if you're a holder or collect if you're a collector. There are many ways to participate in this game. Just ignore all the comments (because most people don't understand economics, business and reselling) and do what makes you happy!
When faced with *skyrocketed inflation* virtually on all items that consumers purchase: from food to apparel and furniture; to airfare, hotels, meals at restaurant and personal care services. • Vehicle prices has helped pushed *INFLATION* to a *40-year high* Used vehicle 41.2 % Gas 38% Motel and Hotel 29% Vehicle rentals 24.3% Utility services 23.8% Furniture and bedding 17.1% Tires 15.4% Vehicle parts and equipment 14.3% Meat 14% Airline fare 12.7% New vehicles 12.4% Energy service 12.3% Fresh Seafood 11.8% Eggs 11.4% Fresh fruit 10.6% Coffee 10.5% Delivery Service 9.7$ Laundry and Cleaning services 9.5% Electricity 9.0% Food at home 8.6% Public Transportation 8.3% Food away from home 6.8% Apparel 6.6% *Note* Percentage shows prices between February 2021 and February 2022 Source: Department of Labor via FRED, March 2022
Just have one note: I understand what you’re trying to say, but I don’t think “liability” is the correct term. From an economic perspective, a liability is either a debt or something that will eventually become a debt (like a lawsuit, a loan, a credit line, etc.). I think what you’re trying to say is that sneakers do not have the same type of appreciation (as in they go up in value) in comparison to other goods like real estate, for example.
What’s amazing as a military member I get 20% off all shoes at finish line and 15% off footlocker. And 15% Nike. I never pay full price. I laugh at those who want triple the value.
I think your optimism that we are in a 6 month to 1 year bump in the road is misplaced. Coming out of a pandemic with supply chains messed up, unprecedented inflation, Ukraine war devastating Europe's economy due to their reliance on now cut-off Russian oil, and a China situation that may spell an actual collapse and how that will devastate world markets... we may be in for some serious hurt for a major spell.
I'm perfectly happy that the market is crashing. The past few years, collecting and buying sneakers has lost so much of the positive feeling it once had. Now it basically feels like a fight just to secure any size, let alone your size. Hype and Profit overcame the actual culture. Now that the market is low, lets hope people who actually want the kicks have a better shot at grabbing. Although I REALLY hope that the other markets go back to the way they were (gas, inflation, etc...), if the sneaker market stayed where its at where shoes start sitting and going for under retail, I'd be VERY happy about it. Resell has been shifting sneakers in the wrong direction to where people have lost the real culture of collecting and community that made it great. Its about time resellers take one giant L so us who actually care about the culture can enjoy it again.
I do want to clarify that when I mean reseller, I do not mean all of the people selling 1 to a few pairs, I'm talking about the people who use bots to buy out entire stock lists as they drop.
I've taken a year hiatus, I stopped watching almost all videos and following socials. Still love my collection but it has been nice no trying to cop all the time and just not caring. I am going to jump back in, in 6 months and see what's out there. Hoping prices continue to tank.
@@77Brainfreeze Same here.
Now i can buy shoes i want for retail or $50 over
Me too
This dude really said, "Eventually it will all work out. Sneaker prices will go back up." Wow. I guess I have a different definition of "good news".
Right... like wtf wants to pay more than msrp for anything?! I hope scalpers get stuck with it all.. panic b!tches!!!!! Lol
Fr! Sneaker prices going down is always a good thing
he saying it from a resellers pov
I personally love it. I love the fact that if I strike out on a shoe, I don’t have to pay hundreds of dollars to get the shoe. Everybody is in it for the “resell”. For a buyer, this is great right now.
Fuck yes
yup
Finally some good news, been out of the sneaker game for a year now because all the resellers, hopefully the prices stay this way so you can actually cop something
yep! resellers are cancerous
Yeah it's funny to me that people are complaining about prices tanking. I didn't realize so many were buying just to sell? I buy my shoes to wear and actually feel kinda guilty for wearing them when I could flip them for double the price. Let the market tank so people can actually buy the shoes they want and then wear them.
Same bro literally didn't buy a sneaker. Now I got my first dunk OG low.
past year I feel 90% of the shoes that bought on snkrs and foot locker nike were meant to be sold collectors stopped collecting to become a reselling scum now they're getting fucked in the ass not the buyer 🤷 sucks to be them
Honestly this is kinda refreshing. I havent been in the sneaker game too long but its always been extremely saturated and hyped up which isnt neccessarily a bad thing, but its made it quite hard for me to cop for personals at times. I feel like this is good for people (obviously not resellers) but the general consumer who will actually be able to cop what they want. Hopefully i can still cop the travis for personals, but i see these still being unaffected by the market crash. If anyone ends up copping a UK6 on the day and wants to throw them to me for a steal, hmu XD
P
P
On the other side, I won't be surprised if the reverse mochas settle around $700-800
@@sweatynachos1422 they won’t. Big pairs like TS AJ will still sell out like mad but all the waste man who were speculating on pairs to get 50€ profit or asking for non hype 5year old pairs 330€ and wouldn’t let down the price guess what. Writing is on the wall
Lol man said send it to me for a steal do u think ur a charity 🤣
Tips & Tricks on How to Survive the Sneaker Market Crash if you’re a Reseller:
Get an actual f*cking job LMAO
You know they mad as hell too
Lol even they have a fucking job they still do resell because of the profit lol 😂
With sneaker prices going down, I find it odd you chose to make a video on how to cope with a loss of investment, rather than making a video that puts sneaker heads on to dope shoes that are now actually affordable. The sneaker market crash has been the best thing to happen to sneakers in years
Calling anything that you buy a “liability” is incorrect. They are either assets or expenses. If they’re not expenses, then it’s a factor of whether they are appreciating or depreciating assets.
The sneakers are an asset, the credit card debt is a liability.
The car is an asset, the loan on it is a liability.
The house is an asset, the mortgage on it is a liability.
Just to add, expense is an outflow of money or an asset. For an individual expenses pertains to the basic needs. While an assets are resource that has future value, thus sneaker would qualify as an asset for an individual, eventhough you use it, it would still have a value.
I don’t resell kicks so I’m good with the sneaker market crashing. Now I can get those SB’s, Dunk’s and J’s for a little over resell and the new drops are sitting on shelves! Like Mickey D’s “I’m lovin it!”
The silver lining out all of this is that it's HURTING resellers and that's always a good thing. People are always in it for just the "investment" now instead of buying it because they simply like it and will use it for themselves.
My only request to the resell market is leave the GRs alone! They’re supposed to be enjoyed by everybody. Not supposed to be sitting in consignment shops or some timmy’s garage. Limited run collabs should have better release mechanics too. These are the ones, imo, that should command resell price. Sneaker culture is mostly made up of collectors. Let them pay absurd money. But regular folks who only keep at most 5 pairs that usually pick up shoes at the mall shouldn’t become victims of these culture vultures.
That’s true!! Agreed
Respect the honesty and balls to say “at the end of the day it’s just sneakers” for a sneaker channel. Imagining any sports channel saying “it’s just a couple of guys playing with a rubber ball in a park” hahah
As someone who has never cared about the value of my collections and doesn't resell, this market is fantastic. Between sneakers, vinyl, and cars... this is great.
Cars? Cars are still astronomically expensive especially used ones
10 year old Cars with 100k miles are going for 10k in some cases that's ridiculous
@@gotworc i’m tryna find a first car and even honda accords are like 12k 😭
Is the vinyl market really crashed though? Still have so many albums on my wishlist going for $100+
@@gotworc Yeah, I mean, I have a car that I paid $800 for 15 years ago and it's now $10k+. Forget trying to find OEM parts, for that same reason. People are overpaying for cars and trying to fix them and overpaying for the parts too lol.
Finally I can buy a pair of dunks for under $200 and not a ridiculous +$300
U still overpaying dude. Dunks are +$30 at MOST.
@@mvil depends which dunks they are
@@mvil Dunks should be under retail
I think that this video was so honest and what was needed. I think the fact you gave people the advice they need so very thoughtful and appreciated. And, if no one said thank you, I will.
I copped like 11 pairs of kicks in the last 60 days. All for retail or slightly higher. This is coming from someone who buys twice a year lol I love ❤️ the crash
Lmao you sound like me bro. Loving this
Exactly like me lol I bought like 12 shoez already
@@dylanphuonghuynh3162 😂I'm actually debating on the fire red 3s now 😂
Alright imma say it. IF YOURE WORRIED ABOUT THE VALUE OF YOUR SHOE DROPS YOU NEVER SHOULD HAVE BEEN IN THIS. Sneakers are NOT an investment stop treating them like they are. Its Footwear
Say that to the resellers selling to people who buy the shoes to put them on a shelf and not even wear 🤣
Sneakers are depreciating assets, the liability is the credit card loan you take out to buy the sneaker.
Was just about to comment the same thing 😂 spot on!!
I don’t care if it never comes back I like being able to buy shoes for regular price and wear them on my feet . Plus some of us have real bills to pay and shoes are the least important commodity on the list.
This^
Good. This is only good for actual heads, and the casuals can get the hell off the market. Hope this means the market goes back to being like the 00s before rags like this the New York Times started talking about sneakers and streetwear
agreed
Yeah being in it for clout or money is lame af
I just want to be able to cop shoes without paying ridiculous resell prices
@@odedaone ong
I’m a buyer, seller and collector. Gas just got me these days. Taking a chill pill until prices come back down. I’m certain a ton of other people are in the same boat.
Sorry accountant here. Just because property depreciates it is not a liability. It’s just a depreciable asset. A liability is an expected future cash outflow like debt or your credit card bill. I think you are just comparing a depreciable asset vs non-depreciable asset.
Well said, Seth! So many other channels are still doing the "don't sleep on these.." routine in a down market. I'm glad you're keeping it real! TJ is also a great financial advisor in this space who tells it like it is
Appreciate it Daniel!! 🙏🏽
@@TalksWithTJ TJ!! You're awesome!! If people don't know about you, I gotta let 'em know! And if people do know about you and your amazing work.. I still gotta let them know!! You are very much appreciated! 🐐🙏🏻💙👑
Sneakers aren't liabilities, they are assets as you own them. Even if that asset depreciates, it's still considered an asset. A Liability is something which you owe such as mortgage on a property.
Here's to praying the Chicago 1 retro will brick and be affordable!
If that happens the game is over for sure lmaoo
Pre-sales are going for like 5 bills so good luck with that
@@Joe-bs3pb hopefully that means when they release, they’ll go for 3 or 4
@@JayCMane8 how? Let people be who want them get em.. no cares how much someone bought a pair of sneakers for especially resale
Even the 2015 chicago didn’t brick afaik
youtube kids giving financial advice videos are the best
I buy or try to buy shoes to wear. So it doesn’t matter if the value goes up or down, I’m wearing them until they fall apart
The sneaker market crashing is only a concern for Resellers. I want to buy my sneakers to wear as close to retail as possible
I don't re-sell. I bought a pair of Adidas and a pair of New Balance when the stimulus came. About $270.00 before tax and I already had a wear daily Nike and New Balance pair so rotation still wearing those. I'm happy.
I would love to see a video of which shoes are dropping in price the most, for the people who saved their stimmy checks
The sneaker market needs to crash so hard, that prices go back down close to MSRP. I am NEVER going to spend thousands of dollars on a shoe that will not last a lifetime when I can put that money towards traveling, investing, my house, etc. It's a stupid thing to do and people need to stop.
If it's an original 85 AJ1, okay, I get that. It's a vintage collectors item. A Travis Scott AJ1 is not.
I will happily pay around $150 for reps that feel the same and let me rock what I love, without worrying about, "Oh man, did I just lose $$$ by wearing a pair of sneakers?"
👆👆 congratulations
Dm me for your award
🎁🇺🇲
The height of reselling sneakers is over. Face it. There will always be a market, but the days of common sneakers so called “selling out” are done. It’s back to pre-Covid days were everything was sitting except for hyped up collabs. People who actually wear their shoes let’s eat 😂
Resale prices have always been a non-starter for me... If Nike/Adidas etc. don't care enough about their customers to differentiate them from resellers who actively hurt customers, then why would I give them my money
I respect this, I can imagine young cats or just irresponsible people have chosen a pair or sneakers over bills. Or being inconsiderate of their parents finances and almost everyone is kind of feeling it now a days. Be responsible, Jordan's aren't worth you getting evicted. And they damn well aren't worth buying if you ride the bus everywhere to begin with, at the end of the day they are just shoes. Anything can get addictive and yes even buying sneakers
I ride the bus every day regardless of finances !
@@michaelbishop9157 ✌
Vehicle prices has helped push inflation to a 40a-year high.
Used vehicles 41.2%
Gas 38%
Tires 15.4%
Vehicle parts and equipment 14.3%
New vehicles 12.4%
Public Transportation 8.3%
Note: Percentage show prices between February 2021 and February 2022.
I'm quite neutral for the sneaker market crash, 1 is because is don't like entertaining those resellers that put a +200 dollar markup on shoes I really liked. 2nd is that I buy reps nowadays which reignited my love for sneakers with half the price of paying resell most of the time, and I still get to wear shoes I really liked
I loved watching people "collect" "rare" sneakers like they are going to go up in value lmao
It will continue to go down there will be a time where reps are identical to authentic and no one will be able to do anything about it which kinda sucks, but will make it easier to get real shoes
love that you addressed the elephant in the room -- that sneakers people own and wear are not an asset. too many people own sneakers as personals, thinking/saying "my collection is worth such-and-such." they think it's an investment you can wear over the years. wake up call: you cannot have your cake and eat it too.
it's a fallacy because 1) sneaker resell prices fluctuate daily, 2) your collection would only be "worth" that much if you offloaded it right then and there, not factoring in taxes and fees which are a significant dent, and 3) if they're used, they won't fetch anything close to what they're quoting on the resell market.
and let's not even start getting into the storage space and temperature control bills you'll be paying to hold onto sneaker inventory. in short: it's way easier (and smarter) to make money in other investment vehicles -- real estate, stocks, etc.
Most of these comments agree with me. I think most people are glad and happy the market is crashing. Most people (who watch this show for example) actually enjoy and wear their shoes. The fact that resellers took advantage with bots and all was unfair for most to begin with.
This is the reason why reps took off and are honestly a better option for people who keep getting wrecked by raffles. Resellers killed the market for people who just like a good pair of Travis Scott’s and want to wear them to beat them up because they’re comfortable and like them. Not for reselling purposes but just to actually wear them.
I have zero sympathy for people losing money over good reps.
A liability is something that is owed. Technically shoes are physical assets, but they're just "depreciating assets" (like a car as you mentioned).
This is completely what I am doing, not investing, not buying any shoes right now unless I really want the pair and have extra income and saving money
OH NO SHOES THAT COST $150 RESELLLING FOR $500 ARE NOW $150-$200 HOW SAD FOR SNEAKER HEADS WHO ACTUALLY WEAR THERE SHOES!!!
Really liking this buyer's sneaker market now! Feels good to see nonexistent resale prices on shoes I want!
Why would you want the prices to go back up………
great advice, everyone should use this in real world circumstances like the recession were heading into
I see this as an absolute win.
I hope it never recovers and things go back to some kind of normality buying sneakers in stores
I won the MCR 2s today on SNKRS Loving this sneaker market crash and big ups to everyone else who buys to wear
Sneakers are nothing like the stock market and should never been compared. 7 months later and sneaker resale is still in the toilet. I've watched my collection depreciate by a few thousand and continues to go down. At this point, I've lost more in sneakers than crypto.
Finally. A chance to get the shoes that we want and not have to pay 100$ + resell.
The best news and let it keep crashing . A win for the real sneaker collectors.
As a kid without having to pay for gass,food,etc. so I’m lovin these prices and it actually reasonable to buy sneakers
Seth be giving real good advice
Nice to see Graham Seth Fowler
Don't care, this is a great time to just buy and wear shoes and not matter too much about where the shoes have come from and the fact that reps are just as good makes all of this that much better. Between that and the whole Nike vs Stock X thing, I'll be honest, I love it here. As a 20+ year vet in this, I'll be the first to say reselling flexing "sneaker culture" Bulltish needs to stop fr fr. Only way that happens is if resellers and hype aren't acknowledged, people really explore their purchase options, stop pedestalizing shoes and just let prices come down. Long as that happen then people can just wear the shoes and enjoy the product again
Wait, why the hell do we want the sneaker market to go back up?
Recession. So if your only hustle is flipping... Find a new hustle. Like a day or night job. Find a recession proof job. Having one at this time is key because WHEN the recession "officially" hits things, people, companies, will freak out. Aka, not hire, pay low, etc.
Just because the sneaker market crashed on stockx doesn’t mean the resellers will stop selling them for high
Prices. Sad to see
I had a vasectomy so it doesnt matter how much my shoes cost - if I want them I can afford them because I dont have kids to worry about.
I hope the sneaker market stays down. I hope it goes back to normal. Shoes are so expensive. And I can’t even get a pair of Jordan’s anymore cause everyone buys them to sell them for way more then what their worth
Will the foam runners finally be $20 tho
Yes the sneakers market will comeback but it will be different. Different trends, different buying habit, different prices. It will be unpredictable to say at least.
prices are coming down, which is fantastic for the culture definitely, but i still think reps slowly replacing retail. with the prices of everything, it’s a lot more economical to buy reps atm because you can get a good pair for >$100. retail is always preferable but anymore idk🤷♂️
Ok, now I kind of realize why you didn't look up certain ones when I was saying it in your chat lol. Good video
Sneakers crashing is actually a good thing, people who actually wear what they cop can now get what they want for retail instead of going to secondary
Never understood why no one realizes that reselling consist of inflated prices.
Lol, I for sure don’t want prices to go up!
I don’t believe resale will bounce back to what it was. Not because resale itself is dead. But because customers aren’t there the kids pushing fashion forward can’t afford these shoes. And the margins are too thin for resellers. And Nike going straight to consumer probably marks the end of it all tbh.
To buy Yeezy slides for my size its $300, so honestly thank god the market is crashing
Most of the sneaker values have decrease many are sitting for below retail
as a well off person i’d still rather wear reps than pay resell, sneaker game has pathetically changed since the 2011 concords and i refuse to buy into this toxic ass shit unless i’m getting my pairs retail - inflation is a factor but the market will never go back to where it was, consumers are exhausted
I think it's a good thing makes me happy btw. I hope the days that you could pop in your local nike outlet have equal opportunity to buy a dunk or may be j1 for a reasonable price would come back.
We needed this in our market a reset
Good!! Then it can just be like any other clothes and accessories if you want it you can just buy it. It shouldn’t be a stock market or a game we just wanna get kicks for retail.
as an accountant I would say Sneakers are expenses. Unless you buy them to sell them and then they would be Inventory.
Why tf do we want sneaker prices to go back up 💀😭😭 this the one good thing
Love the current event style video, great vid
I knew this was bound to happen now theres no goverment checks.
Thos who have money and really want sneakers get to buy them. Been happy this way. It’s nice to see resellers have so much they can’t sell.
👆👆👆 congratulations 👏
Dm for your award 🎁
🇺🇲🇺🇲
The shoe game is just like the diamond business. Demand is inflated by hoarders creating a false shortage of goods. Giving them the ability to charge whatever they feel since you can’t find them for retail anymore.
This is exactly what I’ve been waiting for
none of my sneakers went down which is nice, in fact a lot of the "hype" sneakers that I traded for my less hype ones went down so basically im better off than i wouldve been
Excellent video, very down to earth and important for people to hear these days.
Guys you gotta realize that it is just sneakers . I love sneakers and collecting too and I believe that everybody should be able to go to a store and pickup any sneaker that they want without paying absurd prices. So I think that the sneaker market crash is a huge dub. People should get a real job instead of stealing everybody else’s opportunity to buy a sneaker that they want in its retail price.
What if you already have a job and its just a side hustle? What if you are a minor and you cant get a job?
It hit me hard when I sold some off-white blazers a couple days ago. Rough, probably should’ve held em, but I need a new fence!
👆 congratulations
Dm me for your award
🎁🇺🇲👆👆
Sneaker reselling will never collapse if your taking advantage of ACO and holding stock short term
Cool video man and those old English socks are fireeee. I was bummed the cream colorway was sold out but I picked up the orange and navy pairs !
I've seen a few videos of people stating the sneaker market has crashed but I honestly dont see what everyone is talking about. Everything I have currently looked up is still priced at double the retail price. Can someone please help me understand what everyone is referencing to keep making these statements?
👆👆 congratulations
Dm me for your award
🎁🇺🇲
I'm happy and stop scamming people selling for stupid ridiculous price 🤦🏾♂️
This is financial literacy talk I love that some of us older sneaker heads need this reassurance to keep cool during a down time
Buy if you're a buyer, sell if you're a seller, hold if you're a holder or collect if you're a collector. There are many ways to participate in this game. Just ignore all the comments (because most people don't understand economics, business and reselling) and do what makes you happy!
When faced with *skyrocketed inflation* virtually on all items that consumers purchase: from food to apparel and furniture; to airfare, hotels, meals at restaurant and personal care services.
• Vehicle prices has helped pushed *INFLATION* to a *40-year high*
Used vehicle 41.2 %
Gas 38%
Motel and Hotel 29%
Vehicle rentals 24.3%
Utility services 23.8%
Furniture and bedding 17.1%
Tires 15.4%
Vehicle parts and equipment 14.3%
Meat 14%
Airline fare 12.7%
New vehicles 12.4%
Energy service 12.3%
Fresh Seafood 11.8%
Eggs 11.4%
Fresh fruit 10.6%
Coffee 10.5%
Delivery Service 9.7$
Laundry and Cleaning services 9.5%
Electricity 9.0%
Food at home 8.6%
Public Transportation 8.3%
Food away from home 6.8%
Apparel 6.6%
*Note* Percentage shows prices between February 2021 and February 2022
Source: Department of Labor via FRED, March 2022
Why aren’t your limited socks for all sizes? I’m a 7 and your limited socks only 8 and up
The economy is down, the price of bare necessities are down... but here are some apthcry socks
Just have one note: I understand what you’re trying to say, but I don’t think “liability” is the correct term. From an economic perspective, a liability is either a debt or something that will eventually become a debt (like a lawsuit, a loan, a credit line, etc.). I think what you’re trying to say is that sneakers do not have the same type of appreciation (as in they go up in value) in comparison to other goods like real estate, for example.
im really glad these resellers are not getting their way of prices which how it should have been from the start
What’s amazing as a military member I get 20% off all shoes at finish line and 15% off footlocker. And 15% Nike. I never pay full price. I laugh at those who want triple the value.
I think your optimism that we are in a 6 month to 1 year bump in the road is misplaced. Coming out of a pandemic with supply chains messed up, unprecedented inflation, Ukraine war devastating Europe's economy due to their reliance on now cut-off Russian oil, and a China situation that may spell an actual collapse and how that will devastate world markets... we may be in for some serious hurt for a major spell.
Whats the difference between flipping sneakers and flipping houses??