For all of my adult life I have collected antiques--mostly smalls. In
the back of my mind was the thought that when I got older and
especially when I needed to down size that I could make a little
profit selling my collections. I have tons of old glass--eapg.
depression glass, art glass as well as a great deal of silver and
porcelain. Now--my nest egg is fast shrinking. the money I thought
would last me the rest of my life has melted like ice cream in the
summer. And I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

For all of my adult life I have collected antiques--mostly smalls. In
the back of my mind was the thought that when I got older and
especially when I needed to down size that I could make a little
profit selling my collections. I have tons of old glass--eapg.
depression glass, art glass as well as a great deal of silver and
porcelain. Now--my nest egg is fast shrinking. the money I thought
would last me the rest of my life has melted like ice cream in the
summer. And I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann
Anything can be anywhere.

For all of my adult life I have collected antiques--mostly smalls. In
the back of my mind was the thought that when I got older and
especially when I needed to down size that I could make a little
profit selling my collections. I have tons of old glass--eapg.
depression glass, art glass as well as a great deal of silver and
porcelain. Now--my nest egg is fast shrinking. the money I thought
would last me the rest of my life has melted like ice cream in the
summer. And I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann
Anything can be anywhere.

"maryann kolb" <mkolb at (no spam) sc.tds.net> wrote in message
news:eok2q4t4d9990psrbil3pgih64bc09n9nq at (no spam) 4ax.com...
For all of my adult life I have collected antiques--mostly smalls. In
the back of my mind was the thought that when I got older and
especially when I needed to down size that I could make a little
profit selling my collections. I have tons of old glass--eapg.
depression glass, art glass as well as a great deal of silver and
porcelain. Now--my nest egg is fast shrinking. the money I thought
would last me the rest of my life has melted like ice cream in the
summer. And I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann
Anything can be anywhere.

I'm trying to buy, but I'm not selling. But people are asking
even higher prices than ever, because they need the money
so badly.

This downturn isn't going to last forever.....and it's not
affecting everyone (although it seems like it).

The only problem we face, five years from now, is that five
more years of collectors have passed away.....and how did
they educate their heirs about their collections? Is the
IKEA and Pottery Barn syndrome permanent.

I worry that antiques are like vanishing good grammar
and spelling.

Ware will u b then?

Kris

I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann

maryann kolb wrote:
I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann

Hi Mary Ann

As someone who is retired and a collector and sometime seller (when I
run out of space), I think the market is still strong as items are
selling much as before with no more bargains about than before. I don't
know about other countries in Europe or the Americas, but here "down
under" there are not a lot people suffering. Most of those working are
OK though there are some from the finance and other industries suffering
redundancy. Retirees are worried unless they are government old age
pensioners (85% are) since their investments have fallen in value.
However unless one is forced to sell at the bottom of the market, it
will come good in time. Those who have received good advice will have
sufficient in near cash form put aside to survive a couple of years
before the stock markets recover, as they always have.

Simon

Simon wrote:
maryann kolb wrote:
I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann

Hi Mary Ann

As someone who is retired and a collector and sometime seller (when I
run out of space), I think the market is still strong as items are
selling much as before with no more bargains about than before. I
don't know about other countries in Europe or the Americas, but here
"down under" there are not a lot people suffering. Most of those
working are OK though there are some from the finance and other
industries suffering redundancy. Retirees are worried unless they are
government old age pensioners (85% are) since their investments have
fallen in value. However unless one is forced to sell at the bottom of
the market, it will come good in time. Those who have received good
advice will have sufficient in near cash form put aside to survive a
couple of years before the stock markets recover, as they always have.

Simon




I've lived through several of these downturns since the late 50's, this
one is different. Unless the world financial markets come up with some
kind of "world plan" I think we are in for a rough ride for a
considerable period of time. A lot of the bad subprime mortgages come up
for renewal this year and next......

Mike

user at (no spam) domain.invalid wrote:
Simon wrote:
maryann kolb wrote:
I have a feeling as this depression deepens no one will
be buying antiques! I know most of you make your living or part of
your living in "the business." so my question is is "how's business?"

Mary Ann

Hi Mary Ann

As someone who is retired and a collector and sometime seller (when I
run out of space), I think the market is still strong as items are
selling much as before with no more bargains about than before. I
don't know about other countries in Europe or the Americas, but here
"down under" there are not a lot people suffering. Most of those
working are OK though there are some from the finance and other
industries suffering redundancy. Retirees are worried unless they are
government old age pensioners (85% are) since their investments have
fallen in value. However unless one is forced to sell at the bottom
of the market, it will come good in time. Those who have received
good advice will have sufficient in near cash form put aside to
survive a couple of years before the stock markets recover, as they
always have.

Simon




I've lived through several of these downturns since the late 50's,
this one is different. Unless the world financial markets come up with
some kind of "world plan" I think we are in for a rough ride for a
considerable period of time. A lot of the bad subprime mortgages come
up for renewal this year and next......

Mike

Hi Mike

Subprime mortgages are largely a US, rather than a worldwide, phenomenon
as I believe most mortgages in that country are non-recourse. This means
that borrowers can walk out of the property with no liability for
anything more and cannot become legally bankrupted. In most other
countries, borrowers still remain liable for any amounts the lender
can't recover from sale of the property. Because of this both lenders
and borrowers try very hard to resolve any problems.

Every depression has a different cause and usually ends when confidence
returns, though the big one in the 1930s was really only rescued when
WWII created a huge rise in employment and economic activity.

Simon

Hi Mike

Subprime mortgages are largely a US, rather than a worldwide, phenomenon
as I believe most mortgages in that country are non-recourse. This means
that borrowers can walk out of the property with no liability for anything
more and cannot become legally bankrupted. In most other countries,
borrowers still remain liable for any amounts the lender can't recover
from sale of the property.

"Simon" <vk2ua-spamout at (no spam) yahoo.com> wrote in message
news:49a3f729$1 at (no spam) dnews.tpgi.com.au...

Subprime mortgages are largely a US, rather than a worldwide, phenomenon
as I believe most mortgages in that country are non-recourse. This means
that borrowers can walk out of the property with no liability for anything
more and cannot become legally bankrupted. In most other countries,
borrowers still remain liable for any amounts the lender can't recover
from sale of the property.

That's untrue.

You walk away from your home loan in the US, and you are
still legally liable. Your credit is also ruined. At that point,
many people declare bankruptcy.

The subprime mortgages were a large scam perpetuated on
greedy and gullible borrowers, packaged into "investments"
that were sold just inside the borders of legality to greedy
and gullible investors.....and all of that mess "regulated" by
an SEC told to have a "hands off" attitude by an anti-regulation
President.

People who hate government, should not be trusted to run it.

Personally, I like Vista, but I probably won't use it. I like it
because it generates considerable business for me in consulting and
upgrades. As long as there is hardware and software out there that
doesn't work, I stay in business. Incidentally, my company motto is
"If this stuff worked, you wouldn't need me".

- lifted from sci.electronics.repair

On 2/24/2009 1:12 PM Kris Baker spake thus:

"Simon" <vk2ua-spamout at (no spam) yahoo.com> wrote in message
news:49a3f729$1 at (no spam) dnews.tpgi.com.au...

Subprime mortgages are largely a US, rather than a worldwide, phenomenon
as I believe most mortgages in that country are non-recourse. This means
that borrowers can walk out of the property with no liability for
anything more and cannot become legally bankrupted. In most other
countries, borrowers still remain liable for any amounts the lender
can't recover from sale of the property.

That's untrue.

You walk away from your home loan in the US, and you are
still legally liable. Your credit is also ruined. At that point,
many people declare bankruptcy.

The subprime mortgages were a large scam perpetuated on
greedy and gullible borrowers, packaged into "investments"
that were sold just inside the borders of legality to greedy
and gullible investors.....and all of that mess "regulated" by
an SEC told to have a "hands off" attitude by an anti-regulation
President.

Thank you for your clear explanation, with which I agree.

People who hate government, should not be trusted to run it.

Like some of the folks Obama has entrusted with our financial policy ...
basically the same crooks who got us where we are in the first place.

People who hate government, should not be trusted to run it.

Simon wrote:


You are referring only to those who unfortunately lost out, but others
did very well during the boom times building houses, collecting
commissions or just having normal jobs and living within their means
but are not spending now in case things go bad in the future such as
loss of their job. Lack of confidence again.

Simon


I'm referring the majority of the public. Your "Joe Bootstrap" in in the
minority and has no safe haven for his money. I don't think you get it
at all, people who have done everything you claim have still lost now
close to 40% of the value in their stock portfolio's and 18% in their
homes in the last quarter of 08.

According to Federal Reserve G.19 Release, November 7, 2008, the average
American household now owes $8,299 in just credit cards alone. The USA
is not alone in this either, it's just the epicenter of it all.

I have a very good finger on the pulse of the public, How do I know?
because I'm a professional Appraiser and I've never been this busy
as people liquidate in order to raise cash. I have people in their 60's
who've worked hard all their life, are debt free, but now have 40% of
their nest eggs wiped out and a house that was valued at $250,000 last
January they can't sell now for $189,000.