We all lament over having too much stuff and not enough room.
I can’t tell you how many times my husband and I have said we need to clean our closets, but never do. These days a lot of people are cleaning out their closets and you might not believe what they are getting rid of. I checked out one of those E-bay drop off stores.
This one was called iSold it on Ebay, on Flatbush Avenue in Brooklyn.
People are selling big things. I’m talking about Chanel bags, Tiffany jewelry and Rolex watches. We saw an Ostrich coat by Louis Vuitton. Someone paid $28,500 for it retail. I kid you not — I doubled-checked the price tag! The list goes on.
All of these people need the cash. Mind you, they are not starving. Anyone who can shell out that kind of money on a coat is likely going to be OK.
These people have decided that while gas prices continue to soar, property values continue to drop and the dollar weakens every day they can do without.
It may sound frivolous to most people, but economists worry when the wealthy worry. If they are selling, it likely means they’re not buying. The ripple effects are obvious. The lesson? When women decide they no longer need $1,500 handbags, it doesn’t bode well for any of us.
