I’m on the lookout, since spring, for people starting to sell their boats, luxury cars, furniture. I keep my eye on Rancho Bernardo Rd, near I-15, where car sellers park their cars. So far, no change noted.
I live in Scottsdale, AZ and recently met a woman who owns a consignment store here. She told me that 2-3 times a week she receives calls from owners of high end homes. They are liquidating everything inside their homes. She says the houses are filled with fine furnishing and original art work. She drives around to the homes and cherry picks items because there is too much for her store to handle. In some cases, she refers homeowners to businesses back East that have a better chance of selling their art work worth as much as $100,000. Now that scared me.
• Thanks– that’s the first I’ve heard of this.”
Problem with mc mansions is that all the things inside are ugly puffed-up oversized stuff.
Craigslist has nice furniture for sale at bargain prices if you’re patient and willing to look and wait. Plus you need a friend and a truck to pick-up.
The plasma/lcd TVs are the last things people will get rid of. Generally, I find that people (on eBay and Craigslist) want too much for their old electronics. You’re better off buying new electronics from the store.
I think it’s time to start our own metrics for the housing slowdown. Somebody was tracking craigslist postings that say Reduced. How about adding craigslist and union-tribune ads for boats, cars, jewelry? Does someone want to do that, and keep a chart that can be updated monthly and posted here?
Recently talked to a contractor who does mostly installation for Lowes, he said his work has been “falling off a cliff” lately. Personable fellow, I feel sorry for him.
My sister in-law works for a fencing company in NY, and her businiess has been dropping rapidly as well. So many businesses tied up to the housing market. They can’t keep the people that they “had to hire” last summer.
I’ve heard boats are great investments and never lose money. Especially sail boats. I’ve also heard that upkeep is minimal. Sounds like the housing market, eh?
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