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post #1 of 123 (permalink) Old 04-30-2008, 11:01 AM Thread Starter
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Economic Woes

http://news.yahoo.com/s/ap/20080429/..._out_the_attic

NEW YORK - The for-sale listings on the online hub Craigslist come with plaintive notices, like the one from the teenager in Georgia who said her mother lost her job and pleaded, "Please buy anything you can to help out."

Or the seller in Milwaukee who wrote in one post of needing to pay bills — and put a diamond engagement ring up for bids to do it.

Struggling with mounting debt and rising prices, faced with the toughest economic times since the early 1990s, Americans are selling prized possessions online and at flea markets at alarming rates.

To meet higher gas, food and prescription drug bills, they are selling off grandmother's dishes and their own belongings. Some of the household purging has been extremely painful — families forced to part with heirlooms.

"This is not about downsizing. It's about needing gas money," said Nancy Baughman, founder of eBizAuctions, an online auction service she runs out of her garage in Raleigh, N.C. One former affluent customer is now unemployed and had to unload Hermes leather jackets and Versace jeans and silk shirts.

At Craigslist, which has become a kind of online flea market for the world, the number of for-sale listings has soared 70 percent since last July. In March, the number of listings more than doubled to almost 15 million from the year-ago period.

Craigslist CEO Jeff Buckmaster acknowledged the increasing popularity of selling all sort of items on the Web, but said the rate of growth is "moving above the usual trend line." He said he was amazed at the desperate tone in some ads.

In Daleville, Ala., Ellona Bateman-Lee has turned to eBay and flea markets to empty her three-bedroom mobile home of DVDs, VCRs, stereos and televisions.

She said she needs the cash to help pay for soaring food and utility bills and mounting health care expenses since her husband, Bob, suffered an electric shock on the job as a dump truck driver in 2006 and is now disabled.

Among her most painful sales: her grandmother's teakettle. She sold it for $6 on eBay.

"My grandmother raised me, so it hurt," she said. "We've had bouts here and there, but we always got by. This time it's different."

Economists say it is difficult to compare the selling trend with other tough times because the Internet, only in wide use since the mid-1990s, has made it much easier to unload goods than, say, at pawn shops.

But clearly, cash-strapped people are selling their belongings at bargain prices, with a flood of listings for secondhand cars, clothing and furniture hitting the market in recent months, particularly since January.

Earlier this decade, people tapped their inflated home equity and credit cards to fuel a buying binge. Now, slumping home values and a credit crisis have sapped sources of cash.

Meanwhile, soaring gas and food prices haven't kept pace with meager wage growth. Gas prices have already hit $4 per gallon in some places, and that could become more widespread this summer. The weakening job market is another big worry.

Christine Hadley, a 53-year-old registered nurse from Reading, Pa., says she used to be "a clotheshorse," splurging on pricey Dooney & Bourke handbags. But her live-in boyfriend left last year, and she has had trouble finding a job.

Piles of unpaid bills forced her to sell more than 80 items, including the handbags, which went for more than $1,000 on a site called AuctionPal.com. Now, except for some artwork and threadbare furniture, her house is looking sparse.

"I need the money for essentials — to pay my bills and to eat," Hadley said.

At AuctionPal.com, which helps novices sell things online, for-sale listings rose 66 percent from February to March, much faster than the 25 percent to 30 percent average monthly pace since the company was formed in September, CEO Maureen Ellenberger said. She said she was surprised to see that most of her clients desperately needed to sell items to raise cash.

For LiveDeal.com, a classifieds and business directory site, for-sale listings for January through March rose 10 percent from the previous year.

"We can definitely detect economic stress on the part of the consumer," said John Raven, the site's chief operating officer.

On Craigslist, Buckmaster said, three of the four fastest-growing for-sale categories are tied to gas — recreational vehicles like campers and trailers, cars and trucks, and boats.

Raven noted more and more listings for furniture, particularly in areas around Miami and Las Vegas and other regions hardest hit by the housing crisis.

Baughman, who runs eBizAuctions, said that over the past four months she's been working with mostly desperate sellers instead of mainly casual ones. Most are middle-class customers who can't pay their bills and now want to be paid up front for the items instead of waiting until they are sold, she said.

The trend may be hurting secondhand stores too. Donations to the Salvation Army were down 20 percent in the January-to-March period. George Hood, the charity's national community relations and development secretary, said that was probably partly because people were selling their belongings instead.

And secondhand buyers want better deals now as well, driving prices down. Secondhand merchandise online is going for 25 to 35 percent below what it commanded a year ago, estimated Brian Riley, senior analyst at research firm The TowerGroup.

"It won't hit the saturation point until the (economy) hits the bottom and right now, we don't know when that is," he said.

In Alabama, Bateman-Lee said that she only received $30 for her TV and $45 for her DVD player at a local flea market. She doesn't have too much left to sell, but she's going back to "sort through more things."

Her $30 water bill is due this week.

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post #2 of 123 (permalink) Old 04-30-2008, 11:03 AM Thread Starter
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Need to feed your kids?........ Mao has cash for your belongings.

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post #3 of 123 (permalink) Old 04-30-2008, 11:05 AM
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This is a good time for those that have money stored up. Good time to take advantage of other peoples losses.
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post #4 of 123 (permalink) Old 04-30-2008, 11:08 AM
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I thought this thread was going to be about woos.
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post #5 of 123 (permalink) Old 04-30-2008, 11:09 AM
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conspiracy theory...
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post #6 of 123 (permalink) Old 04-30-2008, 11:10 AM
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Need to feed yourself?........ Mao has cash for your Kids.
Fixed it for you.

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post #7 of 123 (permalink) Old 04-30-2008, 11:12 AM
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and I love woes.
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post #8 of 123 (permalink) Old 04-30-2008, 11:12 AM
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or was it hoes?








what do you get from manheim aside from an itchy crotch?
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post #9 of 123 (permalink) Old 04-30-2008, 11:28 AM
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http://www.businessweek.com/magazine...2056979063.htm

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Good-Bye, Cheap Oil. So Long, Suburbia?
Author James Kunstler says the Automotive Age is almost history and deconstructs McMansion living

The suburban landscape has been marred by foreclosures and half-built communities abandoned in the subprime aftermath. But James Howard Kunstler, author of a dozen books, including The Geography of Nowhere: The Rise and Decline of America's Man-Made Landscape, thinks there's a bigger threat to those far-flung neighborhoods: the scarcity of oil. As Kunstler sees it, oil wells are running dry and the era of cheap fuel is over. Given the supply constraints, he says the U.S. will have to rethink suburban sprawl, bringing an end to strip malls, big-box stores, and other trappings of the automotive era. Kunstler, 59, predicts a return to towns and cities centered around a retail hub—not unlike his hometown of Saratoga Springs, N.Y.
there's some other doom & gloom in the article that could be right on the mark in the near future
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post #10 of 123 (permalink) Old 04-30-2008, 11:31 AM
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The wells are not dry, but as soon as we have tighter controls over the world's supplies don't think it won't be milked for all it's worth. This is just 'acceptable collateral damage' to winning the global domination game that many are playing.

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post #11 of 123 (permalink) Old 04-30-2008, 11:40 AM
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what do you get from manheim aside from an itchy crotch?
empty wallet?

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post #12 of 123 (permalink) Old 04-30-2008, 12:01 PM
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Oh geez, they have Daleville, Alabama, on there as an example. If there is a poorer more depressed place in the US please show me. I've lived in Daleville. It is about a mile long and consists of a McDonalds and a few trailer parks. Its one of those tiny dumpy towns outside of an Army post in the middle of no where.

It used to have a Piggly Wiggly and a kareoke bar until a tornado took them out back in 2001.

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post #13 of 123 (permalink) Old 04-30-2008, 12:03 PM
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It's like $15 more to fill my car up. Work cut a day off of my expenses, so now I get to work 4 days and get paid for 5. Life is rough.
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post #14 of 123 (permalink) Old 04-30-2008, 01:09 PM
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the best part is most people were living on the edge already and 15 bucks breaks them. suckers!
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post #15 of 123 (permalink) Old 04-30-2008, 01:22 PM Thread Starter
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I spend damn near 70 dollars a week in gas. Probably 15 dollars a day in food and pornography. I'm fucked!

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post #16 of 123 (permalink) Old 04-30-2008, 01:28 PM
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Quote:
Originally Posted by Flounder View Post
I spend damn near 70 dollars a week in gas. Probably 15 dollars a day in food and pornography. I'm fucked!
find a free porn source, eat more people's foods in the company fridge, and dont play age of conan. prolem solved
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post #17 of 123 (permalink) Old 04-30-2008, 01:29 PM
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Quote:
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Oh geez, they have Daleville, Alabama, on there as an example. If there is a poorer more depressed place in the US please show me. I've lived in Daleville. It is about a mile long and consists of a McDonalds and a few trailer parks. Its one of those tiny dumpy towns outside of an Army post in the middle of no where.

It used to have a Piggly Wiggly and a kareoke bar until a tornado took them out back in 2001.
How are the women? Do they like Asians with cash?

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post #18 of 123 (permalink) Old 04-30-2008, 01:31 PM
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its all fun and games untill you find yourself standing in the unemployment line.

this sux ALOT out here.

Willard: When I was home after my first tour, it was worse. I'd wake up and there'd be nothing. I hardly said a word to my wife, until I said "yes" to a divorce. When I was here, I wanted to be there; when I was there, all I could think of was getting back into the jungle.
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post #19 of 123 (permalink) Old 04-30-2008, 01:32 PM Thread Starter
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find a free porn source, eat more people's foods in the company fridge, and dont play age of conan. prolem solved
Dude, I'm not racist but the populace at my office is 90 percent fresh off the boat indians. If I eat food from the company fridge... you can count on a thread called "Greg's Accident...." being created and my mom will NOT be throwing me a welcome home BBQ.

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post #20 of 123 (permalink) Old 04-30-2008, 01:34 PM
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its all fun and games untill you find yourself standing in the unemployment line.

this sux ALOT out here.
thats why there is a rainy day fund and a non living paycheck to paycheck lifestyle in place.
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post #21 of 123 (permalink) Old 04-30-2008, 01:34 PM
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I spend damn near 70 dollars a week in gas. Probably 15 dollars a day in food and pornography. I'm fucked!
how the hell do you spend money on pron?
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post #22 of 123 (permalink) Old 04-30-2008, 01:35 PM Thread Starter
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how the hell do you spend money on pron?
midget porn ain't free foo!

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post #23 of 123 (permalink) Old 04-30-2008, 01:36 PM
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Quote:
Originally Posted by Optimus_P View Post
its all fun and games untill you find yourself standing in the unemployment line.

this sux ALOT out here.
We've all been there and it does suck.

On an unrelated note, how's that new Harley doing?

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post #24 of 123 (permalink) Old 04-30-2008, 01:36 PM
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Quote:
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how the hell do you spend money on pron?
less than abundant supply of ghey porn on the web so he must suplement exisiting ghey porn with ghey magazine porns?
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post #25 of 123 (permalink) Old 04-30-2008, 02:31 PM
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How are the women? Do they like Asians with cash?
Large. Very very large. The good looking ones get married right out of high school and start pumping out babies. Daleville is a sh*t hole.



Optimus, yes it does suck a lot. I feel bad for people. However, might I point out that if the people in the example had put the money used on the DVD's, TVs, stereos, and VCRs (note that all of those are PLURAL) and other non-necessary stuff into a savings account they wouldn't be in such trouble.

Live within your means, people.

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post #26 of 123 (permalink) Old 04-30-2008, 03:05 PM
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Quote:
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We've all been there and it does suck.

On an unrelated note, how's that new Harley doing?

lol

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post #27 of 123 (permalink) Old 04-30-2008, 03:08 PM
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Quote:
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Large. Very very large. The good looking ones get married right out of high school and start pumping out babies. Daleville is a sh*t hole.



Optimus, yes it does suck a lot. I feel bad for people. However, might I point out that if the people in the example had put the money used on the DVD's, TVs, stereos, and VCRs (note that all of those are PLURAL) and other non-necessary stuff into a savings account they wouldn't be in such trouble.

Live within your means, people.
A lot of people do but one nice disqualified medical claim and they're f*d.

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post #28 of 123 (permalink) Old 04-30-2008, 03:12 PM
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A lot of people do but one nice disqualified medical claim and they're f*d.
True, that is very true. And my heart goes out to people in that situation, or people who've saved but lost their job. There are many who are getting hosed through no fault of their own.

However, there are many more that live beyond their means, spend every penny they make and then some, and then get themselves into trouble.

The example family in Daleville falls into the later category, I assure you. It is hard to have sympathy for them.

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post #29 of 123 (permalink) Old 04-30-2008, 03:21 PM
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Never been to Daleville AL but I lived in Lawton OK for about 2 months. Gawd damn was that place a shithole. Fuckin' arm pit of America man.

Back on topic: Yeah the economy sucks a fat cock.

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post #30 of 123 (permalink) Old 04-30-2008, 03:51 PM
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Large. Very very large. The good looking ones get married right out of high school and start pumping out babies. Daleville is a sh*t hole.
Damn. This is why you have to get them when they are young. By 18 they have already hatched two kids.

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