Thursday, August 14, 2008

More sellers than buyers

With the recent crash of OLINT, Jamaica’s premier alternative investment club many Jamaicans are bracing for the ripple effects. This coupled with increases in the price of gas and food spell dark days for many Jamaicans. Persons are forced to liquidate their assets; SUVs, real estate, jet skis and jewellery are all on the auction block. Problem is the would-be consumers of these high end commodities are in the same predicament. Simply put, there are more sellers than buyers. The only item that seems to be flying off the shelves nowadays is “For Sale” signs.

24 comments:

ESTEBAN AGOSTO REID said...

Bwoy,several of my friends and family members are trying to convert some assets into cash, but so far they are not able to do so,because they may be asking for too much especially in a market where there are more sellers than buyers.As for me, mi nuh hav nuttin fi convert.Mi always undercapitalized and financially embarassed.Mi a di original sufferah!!

Ann (MobayDP) said...

I heard about the 20 million dollar customised vehicle now for sale. I wish them good luck with that!

mad bull said...

I wouldah love pick up a cheap jetski over there still... I wonder if its feasible...

Gussie said...

Its a buyers market MB. The time to buy is now, everything is priced to sell. Well, everything except that 20 million dollar vehicle that Ann mentioned.

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