Submission + - Craigslist swells as people sell to make ends meet (yahoo.com)
Dionysius, God of Wine and Leaf, writes: "At Craigslist, which has become a kind of online flea market for the world, the number of for-sale listings has soared 70 percent since last July. In March, the number of listings more than doubled to almost 15 million from the year-ago period.
But clearly, cash-strapped people are selling their belongings at bargain prices, with a flood of listings for secondhand cars, clothing and furniture hitting the market in recent months, particularly since January.
Earlier this decade, people tapped their inflated home equity and credit cards to fuel a buying binge. Now, slumping home values and a credit crisis have sapped sources of cash.
http://news.yahoo.com/s/ap/20080429/ap_on_bi_ge/cashing_out_the_attic"
But clearly, cash-strapped people are selling their belongings at bargain prices, with a flood of listings for secondhand cars, clothing and furniture hitting the market in recent months, particularly since January.
Earlier this decade, people tapped their inflated home equity and credit cards to fuel a buying binge. Now, slumping home values and a credit crisis have sapped sources of cash.
http://news.yahoo.com/s/ap/20080429/ap_on_bi_ge/cashing_out_the_attic"