EconTalk Adam Minter on Secondhand
Jan 13, 2020
In this engaging discussion, Adam Minter, a journalist and author of "Secondhand: Travels in the New Global Garage Sale," dives into the intriguing world of secondhand goods. He shares insights on the emotional challenges of downsizing for seniors and the evolving dynamics of the secondhand market. Minter also discusses Goodwill's dual mission of profit and community service, and the significant role of rags in textile recycling. He explores how minimalism influences consumer behavior, shedding light on our complex relationship with possessions.
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Clean-out Approaches
- Clean-out services vary in approach, from simply hauling junk to the dump to carefully reselling items in secondhand markets.
- Some companies, like Empty the Nest, prioritize reselling and even operate their own thrift stores.
Unwanted Heirlooms
- Russ Roberts expresses concern about his children not wanting his extensive book collection or antique furniture.
- Adam Minter points out that heavy oak furniture, like Roberts' table, is currently overabundant in thrift stores due to changing tastes.
Storage Boom
- The self-storage industry is booming as people buy more stuff than they can fit in their homes.
- In some areas, the cost of renting storage space exceeds the per-square-foot cost of residential housing.
