Oct 15 2008
Yard Sale Economy
What is the yard sale economy? Well according to a youtube news report it’s when you sell off your belongings to bring in cash because you can’t tighten your belt anymore. The idea is intriguing. However, do you really think this is a yard sale economy yet when Ebay is having trouble finding sellers? I don’t think we are there yet. I think the strain is beginning to show is all.
Another question, is a yard sale economy bad? The name sounds pretty negative, but think about it. People are liquidating their useless assets, and gaining money to hopefully pay off debts or invest in ways to make more money. It sounds like good sense to me. Furthermore, selling old useless stuff, to you, is a good way to save the landfill and dump fees right? Sounds down right noble. With all the “green” thinking going on this shouldn’t be too unusual right?
So why name it a yard sale economy? Is it media hype? I guess my point is that media can influence our perceptions, and by calling this a yard sale economy, they can make people feel poorer and more embarrassed at the lengths they must go to survive. I know, not exactly about frugality, but it does make you think about how consumption of new products bias is built into everything we watch.
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