My weekend walks with the dog have turned from quiet reveries into trips through a neighborhood bazaar. Driveway after driveway is packed with garage sales and people selling old DVD players, lamps, old books, anything, everything. Part of this is a natural summer decluttering ritual, but with gas and food prices through the roof, it’s seems like it’s becoming a quick way to make a little extra scratch.
My curiosity was piqued by this anecdotal evidence, so I decided to check with the online gurus of getting rid of your crap, Craigslist, to see if they had any data that showed a similar spike in activity. The numbers speak for themselves. There were a total of 129,653 garage sales posted to Craigslist nationwide in May of 2007. In May 2008 there were 252,561. And while that number dipped during the winter months (too cold to sit outside), it really took off after March. Read More about The Economic Gist Via Craigslist