ETA: Could some admin change "yop" to "top"?
ETA: Could some admin change "yop" to "top"?
I disagree on housing. When the market tanks, developers are faster to drop prices.
I would agree with the furniture one unless it is a fabric covered one. I really get a little squicked out by the thought of using a used mattress, couch, etc.
I think the list seems pretty stupid to me, in a top ten list i'd expect more everyday things to be on the list - pets, pre-med textbooks, bridesmaids dresses, houses and bikes are all what i would call "one off" purchases, that you either have a need/desire for or don't.
The "tips" were also in the league of tips like don't forget to pull down your pants before going to the toilet.
After my bedbug debacle last year, I would never consider buying used furniture again, no matter how much money it saves me.
This article is just one of the many "how to save money" articles that is either full of common sense or just doesn't apply. They are all over the place.
As for bridesmaid dresses, if you can rent one you're lucky. All FIVE weddings I was in were of the "it is going to be so cheap because we're having it made" variety (almost $200 for one) or the "I just know you'll wear it again and it is this odd dress at this specific shop and they are holding your size". I never wore one again. And they were all brides who preferred the matchy-match look so there was no choice about where to get the dresses.
I also don't think it's a gimme to buy toys used. I was in a thrift shop awhile back, and the prices on their used toys was more than the cost of the same toy brand new. It makes no sense to buy something used with missing pieces for the same price or more than a new toy. Generally used toys are in such rough shape, it's the rare item that could withstand being heartily used by another child.
I think the bike suggestion is good, though. I'm surprised they didn't put cars on the list.
Bikes are a problem if you are small. In Los Angeles, for instance, it is very hard to find good used bikes if you are between 5'0 and 5'5." I have had a bike dealer tell me that is because those bikes are desirable for teens, women of all ages, and Hispanic men (who are smaller on average than non-Hispanic men).
With respect to jewelry, it is completely a matter of taste. Sure there are pawn shops with jewelry, but some people prefer modern designs or designing their own.
As for pets, I'm a big fan of rescues and shelters, having rescued both of my dogs. On the other hand, some rescue groups are impossible to deal with and impose onerous restrictions on people who want to adopt dogs. Poodle Rescue in Los Angeles is notorious; I know several people give up trying to adopt through them. And I've seen situations where rescue groups grab the most desirable, i.e., the most adoptable dogs from shelters and then turn around and charge pretty high adoption fees. Probably 80%-90% of the dogs available for adoption at the Los Angeles city shelters are pit bulls and chihuahuas (the latter because the major chihuahua rescue group in the city was shut down several years ago because the woman operating it was a pet hoarder). I think a lot of rescue groups are well meaning, but some, in their zeal to save pets, overlook that they can make it hard for some animals to find loving homes.
Count me as another one who says that cars should have been on this list. There is an emotional aspect to buying a car new, and there is a warranty on a new car. But the value of a new car drops by thousands once you drive it off the lot and most lose a large chunk of value in the first four years. Some personal finance thinkers say that until you're a millionare(!), that loss in value represents too big a chunk of your financial life and that buying used cars is the only thing that makes sense. That sounds drastic to me, but it is a thought that is sticking with me.
I shop the consignment stores for clothes for me and little skateycat first. Sometimes I find some awesome shirts and pants, but that's about it. When he is finally ready to let go of old toys, I will take them to the consignment store for consideration, but we hardly ever buy their used toys. They sell gently used shoes, but I've never had any luck with used shoes.
And my adorable cat Honda was a rescue from under the trailer kitty from when my elderly uncle had to send all the kitties who didn't have names to to the shelter.
Wondering because I adopted a rescue. She had a foster sister who never had even one application in the year that they got her. They tried to get me to adopt her (another pitbull mix), but I know that one is all I can afford for now.
Sorry for being off topic.
I agree with:
I have to wonder why cars aren't on the list. New cars are so $$$. You can get a one-year old car for so much less.
In my spare time, I like to interview figure skating legends.
Cars, it depends on what you're buying and why. The average person, yes, probably okay getting it used if you know what you're looking at and have a good garage that can check it BEFORE you pay for it.
There is no way I'm buying furniture, except solid wood, from goodwill.
Bridesmaids' dresses? Setting aside that I've never seen expensive ones, though I'm sure they're out there for super high end weddings ($200 is not a lot for a dress, and once you're used to dresses that cost $2000, it's very clear what the difference is), relying on finding something used might work for a small wedding with few attendants and a bride who's not picky. Otherwise, the available sizes, colors, and cuts and the fact most Goodwills and SAs price formals in the $50 anyway means you're not really making life any easier...
Jewelry? What? Pawn shops aren't run by idiots. They know what jewelry is worth (in particular anything with gold.) On an intrinsic-value item, you're not going to pay much less than original retail, if that. More, if the price of gold's gone up since they acquired it. I doubt based on that the article author's even seen "Pawn Stars", let alone set foot in an actual pawn shop.
I agree with getting pets at shelters when possible (not always possible if you are not a dog or cat family). But I kind of dislike calling animals "used".
If you don't have specific needs with a pet (breed, age, coat, working/showing, allergies, etc) a shelter is the way to go. If you DO have specific needs, a small-scale reputable show or working breeder is the way to go. Pet stores aren't 'new dogs', they're God-knows-what from a CKC breeder (CKC= Continental Kennel Club, aka "We all got thrown out of the AKC for being puppy mills.")
I disagree with most of it - mostly because of the word 'never'
Kid's clothes - I enjoy buying new clothes for my kid, thuogh most of it is hand me downs. Why shouldn't I enjoy buying a few brand new items?
Toys - sure, but trying to pick up toys in a thrift store - most of them are broken. Sometimes you need new stuff.
Bikes - sure - unless you are actually biking as a sport, and need the new equipment - chances are that parts for a used bike might be hard to get, that components on it doesn't fit your needs so you will have to replace it anyways.
furniture - really? most furniture gets a lot of wear and tear.
textbooks - I never wanted other peoples notes in my text books.
houses - Really depend on what you want. New developments can have many advantages, including gettings things the way you want it. My parents lived in the house my mom and her first husband build together for more than 30 years - the kitchen was EXCATLY they way she wanted it, and the house was unique.
Formal wear - I can see renting. Finding something that fit you and the style you need used might be hard. For guys: Buy one set at a good tailor. Fitted formal wear on guys looks a million times better.
Pets I agree with. Except the 'never'. If you have a burning desire to attend dog shows, you need a show worthy dog, and papers. If you want a show horse, you would be very lucky to find a resuce one (most of them have lots of health issues and are more suitable as lawn ornaments and light trail riding - all the power in the world to the people who can afford that though).
I would not really occur to me to buy jewellery used: I don't go looking for new pieces, usually my husband or I stumbles over something and buys it. I don't own a lot of big diamonds, more unique, artisan pieces
I don't really know anything about designer lables to know if it makes sense to buy used. Wouldn't it be last years fashion?
I was also surprised about cars: Unless you are buying a classic (or future classic and how would you know?) then even the best cars depreciate quickly.
I bought my '98 Honda in 1999 with 11,000 miles (mostly highway) as the previous owner was taking the turnpike each day to work. I could not believe the difference in price and I still have that car today. Regular maintanence is all it ever needs except for a brake job last year. I won't let go of it as it is money in the bank as far as I'm concerned. If I WIN a new car fine--but otherwise let me have a car with a few miles. I am thinking of changing the color from black to white because our winters have become so mild (nah--climate change doesn't exist .) But that is it.
I would love to know why cars were left off of the list.
I have friends who have reptiles. Not my cup of tea. But they love them as pets. And, again, rarely at area shelters. In fact, in their experience, never at local shelters.
ETA Today, a used Honda with 11K miles will cost you a lot more that it would have in 1999.