Slowing Economy Forcing Many Americans to Sell Prized Possessions Online

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Slowing Economy Forcing Many Americans to Sell Prized Possessions Online

05-02-2008, 11:03 AM,

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mandy Offline

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Slowing Economy Forcing Many Americans to Sell Prized Possessions Online

Quote: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...

full article: http://www.cnn.com/2008/LIVING/personal/...index.html

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