Thursday, July 10, 2014

The Daily Stat from Harvard Business Review

  Daily Stat - Harvard Business Review

July 10, 2014

Why No One Wants to Buy Your Used Heirloom Furniture


With stores like Ikea and Target importing large volumes of inexpensive desks, tables, chairs, and sofas, the cost of furniture, in constant dollars, has fallen about 50% over the past 30 years, according to the Wall Street Journal. The result has been a decline in the U.S. market for used furniture: Many homeowners trying to downsize have discovered that their prized pieces are impossible to sell. Even the Salvation Army is getting pickier about what it will take—many shelving units, pianos, and upholstered pieces are turned away.

SOURCE: Why the Market for Heirloom and Secondhand Furniture Has Disappeared


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