It seems that most folks here agree that the tide had turned by 2009. Coincided with the uptick in the stock market, I wonder, that continues to this day? But my own perspective is different. I sold off some gear that I thought I'd never use again (big mistake) in 2004 and got good money for it. For example, a minty Rolleiflex Automat dating from the early 50s that I paid a couple hundred bucks for about 15 years prior, sold at auction on eBay for almost $500. A couple of Polaroids went for big bucks as well. But darkroom stuff sucked wind. Then in 2009, I really started getting interested in buying gear, and to me, deals abounded. Most of the deals were on eBay too. I was picking up Canon FTb's for $20 or less -- some extremely clean examples too. Oly OM-1 MD's for $30. Canon A-1s for $40. A Canon F-1n for less than $150. Nikon FEs for $40. One of my best scores was a Bronica ETRSi with lens, prism, and two backs (120 and 220) for $127. And I picked up a 40mm and 150mm for it for dirt cheap too.
At a local camera shop, I bought a Tamron SP 60-300 for $20, a Nikon MD2/MB3 motor drive for the F2 for $40, and a four lens deal, which included a Canon FD 85mm f/1.2 Aspherical, a Canon FL 55mm f/1.2, a Vivitar S1 28-90, and a Vivitar macro 2x TC for $350. !!! At this same place, I bought a Pentax SMCT 100mm f/4 macro for $40 and a Contax RTS Winder for $20. At another local camera shop, I bought a Gossen Luna Pro F for $5, a Vivitar close-focus 135/2.8 (the good one!) for $5, a Tamron 500mm mirror for less than $100, and other deals.
These deals were all happening in the 2009-2012 time frame.
In about 2013, I guess it was, I bought a Bolex H-16 reflex with a turret full of lenses for $100. Sold the camera a few months ago for $600 and one of the lenses for $250. Also that year, I bought the big Canon A-1 outfit I mentioned earlier, another smaller Canon outfit for cheap, but which included the rare and expensive Spiratone Bellows Master bellows with 150mm lens -- these are the bellows with full view-camera-style movements. I also picked up from KEH a "BGN" Tamron SP 80-200mm f/2.8 LD for $225.
Since then I have continued to find excellent deals. Like a Tamron SP 300mm f/2.8 LDIF for $500, a Pentax 67 outfit, including three lenses and the TTL finder for less than $600, and a beastly Tamron SP 200-500mm f/5.6 for about $250. I've picked up two Canon F-1n outfits with motor drive and winder for great prices, and a New F-1 with motor drive for a great price as well. I bought a Nikon PB-4/PS-4 bellows from a guy out of Craigslist for about half the going price and he gave me a black F2S! And everything worked on the camera, too. I even bought a nice F3 outfit from a guy on Facebook for a super price (F3HP, MD4, 70-300 ED, and 35mm f/2.8 AIs).
The deals haven't stopped coming either. I won't bore you with more of them, but I'm still finding cool stuff for great prices. I think the key is to be patient. On eBay, I'll bid on auctions and avoid BINs unless the prices are way cheaper than typical. Sometimes I get lucky at the local camera shop. But you know what I have noticed? Since about a year ago, the super cheap prices for 70s and 80s vintage cameras have almost completely dried up. What I used to be able to find for $20 are now going for $50. Cameras I used to be able to find for $50 are now going for $100 and up. And we're talking the good old classic film cameras like Canon FTb's and AE-1P's and Nikkormats and Nikon FE/FM's and Pentax K-series, MX, etc. So there really is a resurgence in film interest. The used market is starting to feel it now. Suddenly it has become "cool" to shoot film again, I'm thinking. If this trend continues, film cameras may reach prices they haven't seen since the mid-90s. And we're talking cameras, now, not lenses to be used with MILC's.
Really, even at today's higher prices, they're still way cheaper than they were, say, 30 years ago. Back in my camera dealer days, I'd get $150 for a clean Canon FTb, $250+ for a clean Canon F-1n, $350+ for a Nikon F3. So, even though prices are on the rise, they're still incredible deals compared to where they used to be during the heyday of film.
And about film, yes, it is obviously true that there are fewer choices now than even 10 years ago. But one thing is definitely true -- film is the best it has ever been. With the exception of the gaping hole that was left when Kodachrome went away. But for everything else, what there is left is truly great stuff. From Velvia 50 to Portra 400, T-Max 100 to Ilford HP5+, it's never been better. So, let's load up our classic cameras and get out there and burn through a bunch of rolls!