[davidd]

I watched the video a few days ago and what he says seems fairly accurate from what I am seeing locally here in the SF Bay Area. CL listings are hanging around for months sometimes and it is obvious that some sellers haven't got a clue as to what the market is. Fender can churn out a gazillion Strats and Telecasters all they want but there is only so much the market can handle. As far as amps, the trend to small amps has been going on for a very long time. Who the heck needs a 50 watt head and 4x12 cab in their bedroom?

My local music store Gelb in Redwood City (AKA Haight Ashbury Music) used to be crammed with customers on a Friday afternoon and Saturday. These days tumbleweeds could blow through and not hit one person. I asked one of the guys working there and he said young people weren't interested anymore and the people that kept them going were from the latino community because they were still musically active as opposed to the Tik Tok high school generation.

My rule of thumb for used MINT condition guitars is 60% max of street price and I'll usually try and get it for 50% or lower. Obviously there are still some brands and guitars that are holding their value better, but what this guy says seems about right.