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.

----

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.

-----

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 11/20/09 at 05:42pm
ZippyDSMlee: oh may the cute stab out your eyes, http://www.youtube.com/user/simonscat
Posted 11/20/09 at 05:17pm
JDKJ: O.K. Suit yourself. But when you're wearing Ray-Bans, sitting on a curb with a white cane and a cup of pencils, and doing Stevie Wonder impersonations, don't say I didn't warn you.
Posted 11/20/09 at 05:10pm
ZippyDSMlee: JD:No thank you I don;t want your cooties...or STDs...
Posted 11/20/09 at 05:01pm
JDKJ: Me. I'm rehearsing the role just in case I do get dubbed Zippy The Soecnda.
Posted 11/20/09 at 04:59pm
DarkSaber: Wait, is that meant to be Zippy, me or you?
Posted 11/20/09 at 04:49pm
JDKJ: I cud caer lez. =^^= *wakes up in mid-afternoon after staying up until 3:00AM soldering resistors on to circuit boards, stumbles around in formerly white but now grey underwear, while simultaneously scratching groin with vigor and making coffee*
Posted 11/20/09 at 04:46pm
DarkSaber: knell? Don't you mean Neil? Anymore of tht and I'll dub thee Zippy The Soecnda
Posted 11/20/09 at 04:44pm
JDKJ: Now, now, Saber. Don't be salty. You weren't the first one to knell and bob and you ain't gonna be the last one, either.
Posted 11/20/09 at 04:42pm
DarkSaber: JD's feeling rather desperate it seems.
Posted 11/20/09 at 04:33pm
JDKJ: C'mon, Zip. You already touch yourself way too much. Spread the love. Before you go blind.
Posted 11/20/09 at 04:27pm
ZippyDSMlee: JD:No and I ain't touching any part of you or your friends!! :P
Posted 11/20/09 at 04:25pm
JDKJ: @Zip: You know Lik Mitaint?
Posted 11/20/09 at 04:18pm
ZippyDSMlee: neill and bob,oldest giveing head joke and most lamest...
Posted 11/20/09 at 04:18pm
JDKJ: But thanks for the memory. MIB's a classic. *sings* "Here come the Men in Black. Galaxy defenders. Here come the Men in Black. They won't let you remember."
Posted 11/20/09 at 04:18pm
ZippyDSMlee: JD:for the record I told you you can suck your own dck.
Posted 11/20/09 at 04:07pm
JDKJ: Naw, man. That's Mueedeegiaap and Bob. And you can stop bobbing. I got Zippy bobbing now, too.
Posted 11/20/09 at 03:56pm
DarkSaber: OH I get it now! It's Men In Black quote! The twins that run the comm centre in HQ.
Posted 11/20/09 at 03:49pm
JDKJ: I'd like to introduce you to them. First, Neil. Then, Bob.
Posted 11/20/09 at 03:47pm
ZippyDSMlee: JD:I know they are intimate friends of yours...
Posted 11/20/09 at 03:44pm
JDKJ: @Zip: You know Neil and Bob?
Login or register to post shouts