As Recession Deepens, Pawn Shops Take in More Game Systems

As Recession Deepens, Pawn Shops Take in More Game Systems

February 23, 2009

Like everyone else, gamers are suffering during the current hard times. Some, in fact, have been forced to pawn their consoles to meet basic needs.

The Chicago Tribune reports that the recession is keeping pawn shops supplied with game consoles and TVs on which to play them:

Ace Pawn Shop manager Chris Banul said business is up and he's seeing more high-end items brought to the Bloomington shop for collateral, or sold outright, as the economy has worsened.

"We're seeing a lot of expensive video game systems, PlayStation 3s and X-Box and others, and a lot of LCDs (flat-screen televisions)," Banul said...

Tom Haggerty, co-owner with wife Cindy of TomCat's Pawn in Bloomington, said their store has been getting lots of flat screen TVs and game systems. He said those items are selling fast...

Comments

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

So does this make them "PWN Shops"?

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

Sounds like a plan.

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I'm an attention whore. So visit my DevaintArt and feed my ego. Feed the whore. http://keaton2008.deviantart.com/

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

I wonder how long before they become over run with PS3s.

Re: As Recession Deepens, Pawn Shops Take in More Game ...

Hopefully not too long, I'll be in the market for a PS3 soon, since the Garbage Xbox 360 ran into a hardware failure not covered by their 'extended warranty'.

Nice games, but that console is such a piece of junk.

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

I might sell my NES, but i don't know about anything else right now. I don't even have a PS3 yet. I WILL get one, if only for the up-and-coming necessity for a blu-ray player.

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

I tried to pawn some of my duplicate Antari cartrages, but no one takes them. Now i'm stuck with 4 copies of Space Invaders.

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I'm an attention whore. So visit my DevaintArt and feed my ego. Feed the whore. http://keaton2008.deviantart.com/

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

I don't understand why someone would pawn something like that when they could probably get much more money for it by selling it on craigslist.

Re: As Recession Deepens, Pawn Shops Take in More Game ...

Immediate cash.  Craigslist involves some waiting, while a pawn shop lets you buy food right now.

Re: As Recession Deepens, Pawn Shops Take in More Game ...

Holy Crap, news about my town! I got to get down to the pawn shops to see if there's anything good there.

______________
Ben "Scorp" Stanton

Re: As Recession Deepens, Pawn Shops Take in More Game Systems

Many people are force to pawn their valuable things due to the financial hardship and it’s not a big surprise if the number of the people doing this is increasing.  For many, this is the only way to ease their burdens. Nevertheless, you can avoid this if you just know how to handle your personal finances appropriately.  You might not have ever heard of him, but you'd probably want Bryon Trott as an adviser for your finances.  One of his clients is Warren Buffet, the investment wunderkind who has managed to turn a profit for 20 years in a row on the stock market.  Apparently the cash advances he was getting from his current holdings weren't enough, as he is leaving his position at Goldman Sachs, to begin his own merchant banking fund, focusing on business investments.  Sounds like Bryon Trott would be quite the man in your corner. Read more at http://personalmoneystore.com/moneyblog/2009/03/30/byron-trott-start-mer...

 

Re: As Recession Deepens, Pawn Shops Take in More Game ...

If people don't pick up their pawned merchandise, pawnbrokers are forced to put them on sale to recoup their investment and turn a profit. It always depends on the items that we're looking at. But we will also turn away some merchandise and loan less on others.

licensed and bonded payday loan lender

Re: As Recession Deepens, Pawn Shops Take in More Game ...
The term 'recession' is a much dreaded term these days because everything bad that is happening to the economy is because of the recessionary economics that the world finds itself. We have all read about the collapse of the Lehman Bros and Freddie & Mac and merchant banks too have not been able to escape the effects. As a result electronic merchant systems have taken a beating.
Re: As Recession Deepens, Pawn Shops Take in More Game ...

It is surely of no surprise that not only banks are targeted by phishing attacks, but nearly anything that can be scammed. We already commented on the rise in attacks targeting virtual worlds and especially massively multiplayer online role-playing GAME (MMORPGs) in earlier posts. The growing market for virtual currency and player accounts does attract new scammers. It’s the nature of things that if something becomes popular to use, it will also become popular to attack.

GamePolitics ShoutBox

Posted 11/07/09 at 04:27pm
ZippyDSMlee: man I got alot of junk and dup files too >< god I need orginization...and no not the knee capping media mafia kind :P
Posted 11/07/09 at 04:26pm
ZippyDSMlee: replaced :P
Posted 11/07/09 at 04:23pm
ZippyDSMlee: beemoh:hey its like 60GB porn,400GB anime 100GB games and crap I have took from all my DVDs, I hate waiting on dvds to install stuff..... oh and 40GB of my porn was in the found.000 folder...mostly corrupted.... least I got names of wut needs to be repa
Posted 11/07/09 at 04:18pm
beemoh: @Zip: ...and you'd have to spend all that time re-downloading that porn?
Posted 11/07/09 at 03:34pm
ZippyDSMlee: ggrrrrr......vista lost one of my hard drives and I had a heart attack thinking I lost 1TB of data....
Posted 11/07/09 at 10:58am
JDKJ: Which could be explained by both (a) and (b).
Posted 11/07/09 at 10:56am
Austin_Lewis: JDKJ: You forgot C) the fact that, for some reason, every time he did something that would suggest he shouldn't be in the military, let alone an officer, higher ups ignored it or let it slide.
Posted 11/07/09 at 10:51am
JDKJ: Part of the problem is, I believe, that (a) the Army had a lot of time and money already invested in him and which they were unwilling to simply write-off and (b) an increasing need for the type of skills and services he provided.
Posted 11/07/09 at 10:48am
JDKJ: And that even if he was begging not to get cut loose, he was apparently a real good candidate for being cut loose, anyway.
Posted 11/07/09 at 10:11am
JDKJ: @chada: And while Kennedy once noted that there's usually more than enough blame for everyone to get a slice, the possibility that the Army was unwilling to cut loose someone who was asking to get cut loose could be a factor.
Posted 11/07/09 at 10:07am
ZippyDSMlee: *noms on his feet*..nomnomnomnom*droooll* ...wuuutttttt uuu looking at?
Posted 11/07/09 at 10:05am
JDKJ: I'm no psychologist, but I'm told that crazy people have a tendency to do crazy things.
Posted 11/07/09 at 10:03am
chadachada321: Whoops, was out of the convo for awhile. I do wonder what type of ammo he used etc, but the real issue is WHY he did it, not HOW
Posted 11/07/09 at 09:56am
JDKJ: But if it turns out that they actually did, they'll have Hell to pay.
Posted 11/07/09 at 09:45am
JDKJ: And I'd tend to rule out the possibilty of FN Herstal supplying restricted ammunition to someone merely because they're ordering it from a military base.
Posted 11/07/09 at 09:37am
JDKJ: I know you don't leave your gated community and get around much in dark alleys, so you may be surprised to learn that there's this thing called "the black market" where, if you've got enough money, ain't too much of anything which can't be bought.
Posted 11/07/09 at 09:36am
Austin_Lewis: Or, maybe he or someone else at the base ordered the SS190 from FN Herstal.
Posted 11/07/09 at 09:32am
Austin_Lewis: the hands of private owners. They run about 300 dollars minimum for a box of 50, and boxes of AP 5.7 are extremely scarce, mainly residing in the hands of Class III stores or individuals who for one reason or another got a demo box of it.
Posted 11/07/09 at 09:30am
Austin_Lewis: There are other firearms that fire the 5.7. However, I too would like to know where he got the ammo and what kind was used. Maybe Hasan, planning not to live through this, went out and bought one the boxes of SS190 that are floating around in
Posted 11/07/09 at 08:44am
JDKJ: And it isn't yet clear what type of ammunition Hasan used. It's strange that he purchased a gun but didn't purchase ammunition for it at the same place and time. Especially because the calibre required is peculiar to the actual gun.
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