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In Reply to: RE: Here you go posted by Satie on July 04, 2017 at 08:22:49
San Diego Maggie Dealer is GONE.
Rents got 'em and they moved to a 3 or 4 room 'closet' for the closeouts. OLD storefront, maybe 50 yards away had been converted into a Church. The old storefront also had 6 or 8 well-appointed sound rooms, reasonable staff and and Viable USED gear / Consignment areas.
I paid 'em a visit and bought the Grado Headphones I've wanted for late-nite listening.
GONE:
Too much is never enough
Follow Ups:
Know that one. All 3 dealers I used to frequent are gone. only one made it through the 2008 crash and they flubbed later. What is left is the high society North Suburban area in our "metro Columbus" where the current audio salons are - nearly an hour out of town. The near downtown University district home to OSU was the center of audiophile activity 20+ years ago with 3 dealers and a dedicated vintage shop. Millenials don't live in the "posh" suburbs but near downtown, and those who do live in the high end burbs are stranded in their parent's basements.
The demographics of the top burbs are very boomer and many would have downsized had their basements not been occupied by student loan broke underemployed kids- about just under 40% of millenials. Downsizing is not really in the cards for these folks and many would not retire even if they could afford to.
Speaking of Basement-Living 'millenials' with huge student debt?
40% + want somebody else to NOW pick up the tab.
I'm retired and owe nothing on my house. And if push comes to shove? I'll go for some kind of Reverse Mortgage (boy, are those things evil or what?) and let the relatives fight over the bones when I'm room temp.
Too much is never enough
Sounds like you read the book "Die Broke".
The Millenials got a bit of a raw deal on their education costs and extremely weak career guidance. Many went into areas where their education is unlikely to give them an income edge high enough to cover the cost and the delay in onset of making a wage. In many cases the job market response was to require a college degree for semiskilled positions that never needed them before. So the kids end up very underemployed and we have a "skills gap".
With the boomer generation downsizing (many selling the house they raised their family in), and needing smaller speakers to not overtake their new smaller places, and with younger music fanatics not into high performance gear at all, not even aware of speakers like Maggies, I'm surprised Magnepan sells as many of their speakers as they do. I would say, in spite of everything, they are doing something (in fact many things) right. Let's all wish them continued success!
Edits: 07/08/17
Ever been to a high end show in a LARGE venue?
Demographics are overwhelmingly male.
Mostly 50years + Some with Hearing Aids, which doesn't make a lot of sense to me.
30 and under are probably no more than 20% of the attendees. Female certainly not even 10%
A strong showing by ESL (English as a Second Language) Asian Men, all very neatly attired, some with wives or GirlFriends.
Unless the base is broadened, many companies will survive only thru Merger / Acquisition or simple DownSizing.
Too much is never enough
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