>prices are going to move up 20-30% for a year or two
I have never ever in my whole life seen prices going down after they have gone up. Ever.
I have never ever in my whole life seen prices going down after they have gone up. Ever.
I've seen every computer part come down in cost over the years even after briefly becoming expensive through my life that recent trends have been odd to me.
C’mon meow. Hyperbole helps no one.
It’s supply and demand. Prices fall if there is a surplus.
But GP is correct, products typically don’t come down in pricing. Consumable goods are more elastic in a free market absent collusion, but finished honest-to-god products have a well-known price stickiness problem. (The price will come down, but rarely back to what it was.) Typically the only way that cycle is broken is when the product itself is obviated/supplanted by a replacement (eg an iPhone will never get cheaper but some new phone may come out that is cheaper and everyone moves to it).
These are all obviously generalities though.
[0] https://venturebeat.com/2019/09/10/apple-cuts-iphone-8-and-i...