Lookey Loos Part 2...February, 2011

One thing I hated about this circuit was they took credit cards.

I am pretty sure at least one of the shows was picked up for a second season, so waiting until March probably wont help a damn thing.

Orlando

Tax season doesn't help right now either

There are a lot of people losing money right now.  I've seen many units sold for way more than what they were worth.  One guy was buying stuff left and right, and he blew through over 15 grand in about four auctions, including buying one locker with a lot of nice looking furniture for $7600 (plus tax, he was in it in the mid 8's!  I've talked to him quite a bit now, and the other day he told me he will be lucky if he get's 5k back out of that locker, and his wife is starting to get a little mad at him.  Their garage is full and he has spent a lot of their savings and they haven't made any money yet.

I was also selling a few clothes at a shop I do business with, and the owner's husband was there, and he started talking about storage auctions.  He told me he was going to get him and his buddy to each put in $600 and they were going to go to the auctions and "tear it up"!  I told him I know guys that go with $20K, and they aren't even "tearing it up" right now!

I do think it is starting to stabilize a little bit.....I got 2 1/2 this week (split one) but prices are still a lot higher than they used to be.  Paid $50, $360, and $1075.  Before, that would have been $10-$20, $150, and maybe $400-$500!

Ha,

there was this one locker and it was beautiful.  Well packed, full of goodies.  So as I scan it, I come up with a max of 600, I mean great stuff in there.  I sit back and wait to see what the other bidders do and next thing I know the bidding is up to 1,300 bucks, I just walked away.