Skip to Content

Are yard sale holders getting more desperate?

More
Text SizeAAA

Filed under: Shopping, Recession

Saturday was my first yard sale day of the season, and there were tons on Cape Cod -- no surprise for Memorial Day weekend. But I've been a dedicated yard seller for at least the past 15 years, and had an interaction today that I've never had before.

I found a pair of prints that I liked, one priced at $2 and the other $1. I offered $2 for the pair -- I almost always try to haggle a little bit -- and the guy looked at me and said "Trust me dude, I need the dollar a lot more than you do."

I gave him the three dollars and headed back to the car content, but a little bit freaked out: Who needs a dollar that badly?

Given that this is the first yard sale season of the worst recession we've had in a long time, I think that we may see an uptick in the number of "distress yard sales" -- people selling their castoffs to try to hold on to a house, keep the kids in college, or even put food on the table. Even though most of us yard sellers are bargain hunters by nature, I think that we have a special obligation this year to be fair in our dealings with people who seem like they need the money.

On the other hand, the rising number of distressed sellers -- especially in hard hit markets -- might make yard selling a little bit less enjoyable, imbuing it with a darkness that it didn't used to have. On the other hand, there may be bargains galore this summer as sellers part with things that were previously sacred.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Pairing Chocolate and Wine
Chocolate and wine, two of our favorite things. It only makes sense to pair them together, right? ...
How to Store Fine Chocolate
It can be seriously disappointing to unwrap a chocolate candy only to find it covered in gray spots ...

Bob Cesca
Bob Cesca Filed under: Food

Snack companies warned about advertising unhealthy food to kids

Food companies will soon face tougher rules about marketing unhealthy snacks and fast-food items to kids. Sort of, and not soon enough. According to the Wall Street Journal (subscription required), a ...
Lan N. Nguyen
Lan N. Nguyen Filed under: Entrepreneurship, Career, School

Switching Careers: New paths in medicine and entrepreneurship

Even before the recession started, Michigan was shedding jobs. It remains one of the hardest hit states, with the unemployment rate clocking in at 15.4%. Officials in Detroit, the state's largest ...
Charles Feldman
Charles Feldman Filed under: Real Estate, Mortgages

Mortgage loan modifications: More banks offering reduction in principal

Many economists have long maintained that the only way for mortgage loan modifications to really work is for banks to reduce the actual principal rather than just the interest payments, which tend to ...
Zac Bissonnette
Zac Bissonnette Filed under: Tax, Health

Tantax? Healthcare reform socks it to tanning enthusiasts

The Senate had originally planned to levy a 5% tax on elective cosmetic surgery procedures as part of a plan to pay for expanded health care. But after intense lobbying from the America Medical ...

Headlines from WalletPop Partners