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Is the current Finance crisis affecting you...
Old 11-16-2008, 11:15 PM   #1 (permalink)
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...and/or your decision on upgrading/adding to your gear? Just curious to see what responses there will be to this.

As for myself, as I don't have to depend on photography for my income, I'm still in a good situation workwise and am still looking to upgrade from my 20D to (at least) a 50D body. I'm also considering some lighting and at least one good fast lens. But whereas earlier I would have probably jumped by now so much around me is on unsteady ground and I'm rethinking this.

I also heard from a reliable source that one of the major manufacturer's Canadian office was talking of raising the price (about 2.5% or so) on a new model that hasn't even been shipped yet. Needless to say those photogs who prepaid were pissed! The reason?...the drop in the Canadian dollar when all corporate purchasing/shipping was in US dollars.

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Re: Is the current Finance crisis affecting you...
Old 11-17-2008, 08:32 AM   #2 (permalink)
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The "current financial crisis" has been affecting my business since Sept. 11, 2001. LOL

Does it affect my decision to upgrade or add equipment? Not at all. I will always want the the latest and greatest equipment, but ... I have always had the discipline to let the needs of my business dictate my purchases.

When I made the decision to diversify and start shooting weddings in 2007, my clients expected me to bring backup equipment to their wedding. Since my primary camera was a 5 year old D100 (with no backup camera), I added a D300 --- because my business required it (my business didn't require the higher quality of a D3).

Of course, one of the great benefits to living in the Dallas area is there are a handful of good equipment rental facilities, so when I want to use a wide angle lens, or strip lights ... or even rent a studio full of equipment (neither of which I own) I can always rent.
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Re: Is the current Finance crisis affecting you...
Old 11-17-2008, 09:55 PM   #3 (permalink)
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Well photography is not my main line not even my second line. Both my main business are doing fine at this point. I have pre-ordered the 5D Mark II and wished they would release the dang thing.
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Re: Is the current Finance crisis affecting you...
Old 11-18-2008, 01:27 AM   #4 (permalink)
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What financial crisis?
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Re: Is the current Finance crisis affecting you...
Old 11-18-2008, 05:09 PM   #5 (permalink)
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I've been holding back spending on stuff, yes. My wife got let go in August and I somehow avoided the layoffs at my company that hit in Oct. My job pays good, so we are fine for now. I am going to buy the Canon 200mm f/2.8L as a Christmas present for myself, but I will probably hold off on jumping to a 5D Mark II and keep shooting with my 30D for now.
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Re: Is the current Finance crisis affecting you...
Old 11-21-2008, 08:50 AM   #6 (permalink)
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Yes it has. Im doing about 50% what I was doing last year. And no Im not gonna stop buying equipment or anything... if i need it!

I have two credit cards with zero balance and if I ever HAD to get something, they are there ready to go. lol =)
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Re: Is the current Finance crisis affecting you...
Old 11-21-2008, 08:56 AM   #7 (permalink)
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Well I just upgraded to the Canon 50D, but I'm holding off on the 70-200 2.8L. So I guess my answer is yes and no.
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Re: Is the current Finance crisis affecting you...
Old 11-21-2008, 01:56 PM   #8 (permalink)
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Sounds like the economy is affecting all of us, so ... I propose we all get together and ask Congress for a bailout so we can all buy new photography equipment! That would definitely stimulate the economy! LOL
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Re: Is the current Finance crisis affecting you...
Old 11-21-2008, 04:18 PM   #9 (permalink)
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I guess it depends on your market. My cameras are making more money now than they ever have.

You guys that are whining about not making enough/as much money, maybe you should think about why that is.

Cause it sure as hell ain't "the economy."
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