Price of horses gone up due to covid?

[Neddie123]

As title says really....I've noticed horses seem to be much much more expensive than they were about a year ago. Am I imagining this?

I know people have been asking crazy prices for puppies and people have gone mad buying chickens during lockdown but surely this isn't because novices are deciding to buy horses? A dealer I know says he's selling horses as soon as they come in.

Would be interested to know people's thoughts. Will prices drop again as the recession kicks in?

 

[bonny]

As title says really....I've noticed horses seem to be much much more expensive than they were about a year ago. Am I imagining this?

I know people have been asking crazy prices for puppies and people have gone mad buying chickens during lockdown but surely this isn't because novices are deciding to buy horses? A dealer I know says he's selling horses as soon as they come in.

Would be interested to know people's thoughts. Will prices drop again as the recession kicks in?

Everything has gone up in price, horses, dogs, houses. Everyone seems to have too much money and too much time ! Ironic really !

 

[Neddie123]

Everything has gone up in price, horses, dogs, houses. Everyone seems to have too much money and too much time ! Ironic really !

And those who already have horses have neither time nor money! ?

 

[gallopingby]

Not imagining it Neddie123 and hopefully prices will stay at a realistic level.
If you think they’re expensive maybe spend some time working out how much it costs to produce / breed a horse from conception to say five years old and ready to go out and have fun.

 

[scruffyponies]

Sadly I do think it's novices buying. Otherwise the bottom of the market would stay low because wiser heads know not to buy trouble, and that 'projects' aren't something you part with money for.

 

[bonny]

Sadly I do think it's novices buying. Otherwise the bottom of the market would stay low because wiser heads know not to buy trouble, and that 'projects' aren't something you part with money for.

There is a shortage of horses, dogs and houses for sale and that is pushing up the price, I don’t think you can blame any group of people in particular.

 

[doodle]

Also caravans going very quickly for a lot of money.

 

[Rowreach]

Not imagining it Neddie123 and hopefully prices will stay at a realistic level.
If you think they’re expensive maybe spend some time working out how much it costs to produce / breed a horse from conception to say five years old and ready to go out and have fun.

Quite!

 

[scruffyponies]

There is a shortage of horses, dogs and houses for sale and that is pushing up the price, I don’t think you can blame any group of people in particular.

There's no shortage (6mths ago there weren't enough spaces in rescue). What there is is an excess of people who suddenly think they want a horse because they have loads of time on their hands (because their job isn't needed, and they're don't yet realise they're headed for redundancy).

 

[Leandy]

There's no shortage (6mths ago there weren't enough spaces in rescue). What there is is an excess of people who suddenly think they want a horse because they have loads of time on their hands (because their job isn't needed, and they're don't yet realise they're headed for redundancy).[/QU

Not all horses are equal. I wouldn't want the type of horse which ends up in a "rescue" I'm afraid, however deserving of a lovely home it may be. There is currently a shortage of the type of horses on the market that the people looking want to buy.

I note a shortage of hamsters too from the usual suppliers! As well as a surplus of people wanting to discard pet hamsters via selling sites because they are now bored with the poor things. Hamsters are more equal though so hopefully the discarded ones find decent homes akin to your rescue scenario.

 

[Jules111]

Sadly I think things will be very different if a few weeks. Winter is always more expensive in time and money and only the most crazy dedicated owners battle through. The economy is in real trouble and we are heading for huge unemployment levels. Things are going to be very difficult, added to that the awful virus is gearing up for a second attack.

 

[atropa]

Read an article today that said this week will be the start of the redundancy floodgates opening, as apparently if a company wants to lay off more than 100 staff they have to give 45 days notice, so they anticipate people wanting to get in there before the furlough scheme ends.
That combined with winter approaching could have a huge effect on the market..

 

[ihatework]

Interestingly I was keeping half an eye on the Goresbridge livestream yesterday, 3yos going through the ring and many went unsold at fairly low prices - I didn’t study the catalogue but there seemed to be some good sorts.

 

[spacefaer]

The market has slowed considerably since the peak of the lockdown and prices have levelled off, although asking prices are still appreciably higher than they were.
I think at the peak, a lot of iffy horses were sold untried for plenty of money and it's those that will be back on the market when people come off their paid holidays or loss their jobs.
Quality horses have been commanding (and getting) good money and they will most likely stay in their new homes.

 

[Neddie123]

Sadly I think things will be very different if a few weeks. Winter is always more expensive in time and money and only the most crazy dedicated owners battle through. The economy is in real trouble and we are heading for huge unemployment levels. Things are going to be very difficult, added to that the awful virus is gearing up for a second attack.

I think you're right sadly. The majority of the population seem to be completely oblivious to the impending financial disaster that is looming.