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...

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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 02/09/10 at 02:50pm
DarkSaber: Whoever told him/her/it that is dumb. They should have done like most companies and made-up some bullshit, yet legal, reason for it not getting the job.
Posted 02/09/10 at 01:18pm
Valdearg: I do agree that it shouldn't be legal. That's for sure.
Posted 02/09/10 at 01:16pm
Andrew Eisen: Shouldn't be. Spirit of anti-discrimination laws would seem to include sexual orientation (and eye color). Plus there's always equal protection and such. Never know until you try.
Posted 02/09/10 at 01:14pm
Valdearg: @AE: Doubtful. Again, it's perfectly legal.
Posted 02/09/10 at 01:10pm
Andrew Eisen: Should have sued (unless that wasn't an option given her financial situation or something). Might have won.
Posted 02/09/10 at 01:00pm
Valdearg: Story about a Male to Female TG who was expressly told she wouldn't be given a job because she was TG. Its not the main point of the story, but explicit, perfectly legal discrimination like this exists.
Posted 02/09/10 at 12:53pm
Valdearg: Lol, I don't know. It may very well be legal to do so. Though that might able to fall under the "race" restriction, depending on how that point is argued.
Posted 02/09/10 at 12:51pm
Valdearg: I don't think they do have any legal recourse. I'll have to dig around, but I seriously believe that if the law doesn't specifically mention Sexual Orientation or Gender Identity, they can still be discriminated against in those 29 states.
Posted 02/09/10 at 12:51pm
Andrew Eisen: Eye color isn't covered either but I doubt it would be considered legal to refuse to hire people with green eyes.
Posted 02/09/10 at 12:48pm
Andrew Eisen: My explanation is longer than the Shoutbox will allow. Suffice to say that while those who are discriminated against do have legal recourse, anti-discrimination law should specifically cite sexual orientation so that there’s no question about it.
Posted 02/09/10 at 12:42pm
Valdearg: "There is no federal law that consistently protects LGBT individuals from employment discrimination; it remains legal in 29 states, and in 38 states to do so based on gender identity or expression." From the Human Rights Campaign.
Posted 02/09/10 at 12:40pm
Valdearg: @AE: Why don't you think I'm correct? I know Wiki could be flawed, but as far as it says, its up to date as of June 2009.
Posted 02/09/10 at 12:39pm
Andrew Eisen: I don't think you're right but I really don't know and don't have the time to find out. However things actually are, it's very clear how they actually should be.
Posted 02/09/10 at 12:34pm
Valdearg: "just because there's no specific state level protection for it, doesn't make discrimination right or legal." I would disagree. If there's no laws against it, it makes it perfectly legal. It's definitely not right, but perfectly legal to do.
Posted 02/09/10 at 12:33pm
Valdearg: Meaning in 29 states, private sector discrimination against gays is perfectly legal.. Sickening.
Posted 02/09/10 at 12:33pm
Valdearg: 19 states have no protections, and another 10 only have protections for public sector jobs.
Posted 02/09/10 at 12:32pm
Andrew Eisen: Well, most businesses have equal rights policies in place and just because there's no specific state level protection for it, doesn't make discrimination right or legal. Still, no argument against adding such protections.
Posted 02/09/10 at 12:28pm
Valdearg: More information. Apparently, it's worse than I actually thought.
Posted 02/09/10 at 12:28pm
Valdearg: Check the link. Apparently, its more like 20 states that have no protections.
Posted 02/09/10 at 12:26pm
Andrew Eisen: In the US? Not that I'm aware of. Sad if true.
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