Some Facts About Post-Recession Luxury Consumers

Here are some facts about post-recession luxury consumers, as compiled by Luxury Portfolio International.

1) 2008 financial crisis came as a shock.

2) Previously possessed fear-based buying habits, and insisted on the best price.

3) NOW, these consumers refuse to trade quality or craftsmanship.

4) And luxury consumers expect quality and craftsmanship to dictate price.
    
           These consumers ask themselves, "Which details of this property are worthy of paying more?"
            and,
                                                                  "I know I paid more than I should have, but it was worth it."


 Some interesting factoids to chew on during a quiet week between Christmas and New Year's Day.