Some of those shoes sell for tens of thousands of dollars. It is unbelievable. I welcome the crash.
I buy Walmart sneakers for $23.00 a pair.
Oh, noes!
A crash in high end sneakers? That could work a real hardship on Chinese and Southeast Asian sweatshops. It could even lead to starvation among gulag workers. And the effects would inevitably filter upstream and impact the uber-woke, invariably left wing U.S. companies that profit off third world slave labor.
This is just another sign that Americans are tapped out. People are spending more on the essentials, like housing, heating, food, transportation, and there’s nothing left for extras like $200 sneakers. The truth is we’re living in an economy distorted by government overspending, money printing, and constant intervention from the Federal Reserve, which keeps markets inflated while eroding the value of savings.
The recent scramble when government programs temporarily paused also showed just how massive and overextended the welfare system has become, and how many people depend on it. Meanwhile, anyone who’s not in the stock-market casino is falling behind in this K-shaped economy( rich get richer and poor get poorer and there is no middle class). In times like this, hype-driven luxury items naturally fall to the bottom of people’s priority lists. survival comes first.
-—— resellers-——
Who are the buyers of used sneakers?
I have not purchased sneakers in a decade and don’t care.
Crime is more risky due to National Guard assistance.
Felony Flyers are no longer a sound investment..
See plenty of one shoe auctions on Ebay. Brand new. Pinched? Nah.
My broker says, in the long run, that kind of investment could be a very good idea! What’s your broker say? Well, my broker is MR Duck. And MR Ducks says, “son how long can you wear sneakers, because you have about a thousand year supply!”
>> After years of explosive growth fueled by hype, exclusivity, and social media buzz, the U.S. sneaker market is facing a sharp downturn. Analysts and resellers alike are calling it a “crash,” as resale prices plummet and demand cools amid changing economic conditions and shifting consumer priorities.
“Beanie Babies”
The real players get cash for their EBT cards, to spend on today’s version of Air Jordans. YO! and Word! too.
Slip-on’s... Once you wear them you’ll never go back to tying up shoelaces.
Not to worry, if the Pistons keep on playing like they have been, at least the Detroit NBA stuff should be a slam-dunk for sellers. They have new Home uniforms but I don’t care much for them. If they do win it all, maybe I’ll have had a change of heart by then and actually want to be seen wearing a pair of those shoes.
Don’t worry. Democrats will try to make high end sneakers more affordable:
“Cook County in Illinois has unanimously approved plans to give thousands of residents $500 a month in free cash.
America’s second largest county is committing $7.5 million to fully fund a permanent guaranteed basic income program for its poorest constituents.
Cook County was among several local governments which began testing the program in 2022 with the help of COVID-19 federal relief funds, according to FOX News.
Officials received $42 million from the American Rescue Plan Act and created the Cook County Promise Guaranteed Income Pilot, developed to ‘benefit low-income Cook County residents and families facing economic hardship’.”
https://www.dailymail.co.uk/yourmoney/article-15333701/chicago-cook-county-guaranteed-income.html
It might take some of them a few months to save up their free cash for a pair of sneakers!
They’ve been tulips for so long time, never were worth hundreds of dollars a pair.
Reality finally starting to come home to the USA?
Our sneakers are Avia or And1 from Walmart. Comfortable and Cheap...
“…or even discounted prices.…”
My guess is I’d pass on their discounted price.
Less snap benefits to sell for cash to buy meaningless ghetto status bullshit?
Inquiring minds want to know.