Predictions are always difficult. Having said that, I think there will always be a high end, wealthy consumers will always exist. Big ticket items also have higher margins than the lower priced spread, they can lower the prices, continue to make a good profit, ie. remain viable.
I can't see how there wouldn't be some shake-out, less purchasers means less sales, some have to suffer. I would thing this would be more in the mid and mid high end, however, the less wealthy are more affected by downturns in the economy.
I do think the long run will see lower prices generally, supply and demand rules. We've lived in an over leveraged bubble economy for far too long, its going to take some time to pay down our debts and get right side up.
I can't see how there wouldn't be some shake-out, less purchasers means less sales, some have to suffer. I would thing this would be more in the mid and mid high end, however, the less wealthy are more affected by downturns in the economy.
I do think the long run will see lower prices generally, supply and demand rules. We've lived in an over leveraged bubble economy for far too long, its going to take some time to pay down our debts and get right side up.