Skip to comments.Sneaker Pawn in Harlem
Posted on 06/18/2014 6:29:57 AM PDT by MeshugeMikey
A father and son team have opened a business in Harlem called Sneaker Pawn. Troy Reed got the idea when he would take his son Chase's sneakers for collateral when he would borrow money.
Customers can pawn, sell, or buy from the store.
(Excerpt) Read more at myfoxny.com ...
That is sad. I have been financially successful, but I have never owned more than two pair of sneakers (the comparatively new ones for every day, and the worn out ones for yard work). I also have never owned a pair worth pawning. It’s a shame that people who don’t have enough to get through the week/month blow money on expensive designer athletic shoes at the start of the month.
Sneaker rich, cash poor.
TV COMMERCIALS NOW: “Interest rates have changed!! Cash out some of your sneaker equity with a new sneaker pawn loan! Use it to buy socks!”
POLITICIANS IN FUTURE: “It’s not fair that many hard working Americans can no longer use their sneakers to access employment or walk out of their food deserts. We need relief paid for by a tax on those with more than 1 pair of shoes.”
Whites show off their status through their boats, cars, and houses. Blacks show off their status through sneakers, cell phones, and hoodies.
Different levels of economic power, but the same principle applies to both groups.
I know you’ve heard the stories about them robbing and even killing each other for the latest pair. IMO It’s just a symptom of failed behavior training at a young age and not being taught what is important in life.
Back in 1965 I was a young paratrooper with the 101st Abn. The pay back then was not very much for an E3, something around $100 take home a month. Toward the end of the month if I needed some cash I could pawn my dress jump boots for $20. Did not do it too often as you never knew when you would have an inspection and needed them, but it was an option.
Collectors don't like to buy used sneakers, unless they are extremely rare and only lightly used.
Also, one size definitely does not fit all.
This isn't like pawning jewelry, rare coins, or crystalware.
This business is really a poorly-secured payday lending shop.
“Those were the days”
I know a guy who borrowed $2k to put fancy rims on a beater of a car...that’s right, they have wheel financing. Then the car got reposed :(. He took the rims off before the repo, but wouldn’t sell them - just kept them in his basement.
In another case, a relative’s daughter is connected (by a baby) to a young, unemployed, slacker. For his birthday, my relative gave them a hundred dollar bill - for expenses. The next day, he was wearing a $100 ball cap.
I’m presuming he will ensure the shoes are fit for sale, but there would be a market for somebody to want to buy two year old Jordan shoes, that originally sold for $200, for $60.
I just searched for ‘hundred dollar baseball cap’ and now I am even more confused.
The New “Sneaker Economy!”
There’s a reason the poor will always be with us.
Pouring welfare dollars into their economy is like putting Miracle Grow on weeds.
Back when construction was booming, I noticed a Memphis shopkeeper erected a big sign that read “Rent Boots Here.” His store was in the parking lot where businesses hired day laborers every morning.
ya can see it now,
holder’s people robbing others of their sneakers and taking them and pawning em.
Chumlee, Pawn Stars is a sneakerhead and owns over a 100 pairs of sneakers
worth a lot money. Here are some links /photos.
Rim stores around Memphis finance rims, but they also rent them and do rent-to-own.
A whole new TREND is in the making!!
This may eventuate the chipping of high priced and not so high priced sneakers.
Imagine the new “Entertainment Titles” that we might soon be treated to
“Sneaker-Fly”,,,,, “Sneakers In The Hood”....” The Sneaker Broker”
Different cultures, different priorities...In some asian countries its cars, clothes and gadgets because it is rare to invite non-family to the house.
How far has a “culture” sunk when it starts using sneakers as an instrument of barter?
I'm no expert on the UCMJ (never having run afoul of it myself) but if you were caught couldn't you have been brought up on charges?
Don't own a boat...my car cost a good deal less than I could have comfortably afforded....ditto my house.In other words...I've never felt the need to "broadcast" my financial status.So not *all* whites do it.I'm not even convinced that *most* do it.
Yep. The #1 unauthorized use of school computers that I see here in NYC high schools is kids (generally black boys) perusing high-dollar sneaker websites. The way we’d peruse beautiful homes, boats, cars, horses, jewelry, etc., they are looking over those sneakers. And they can be quite conversant about every little fine point of the sneakers. For me, who the heck cares about SNEAKERS? You wear them on your feet. But it’s sneaker websites they go to, every time.
Not all blacks buy Jordan sneakers, probably not even most.
converse all stars sine I was about two.
couldn’t care less about this shoe b.s.
just a reason to envy, one of them sin things.
No. The boots were purchased by me, so my property. I am not talking about issued equipment but the expensive concoran boots worn by Paratroopers but not government issued. These boots were for show only, never worn for work or surprisingly enough, for jumping.
The only problem is if there was an inspection I would be forced to wear my government issued boots and I would stand out like a sore thumb (never a good thing in the Army). I would get some light company level punishment. Which explains why I did not do it unless desperate for money (which usually involved a girl ;)
Maybe ‘Thou shalt not covet’ is in the book for a reason.
Its a shame that people who dont have enough to get through the week/month blow money on expensive designer athletic shoes at the start of the month.
Exactly. Great priorities, huh?
Except most whites don’t show off their status through boats, cars and houses; at least not the ones I know living out here in the sticks, whom are quite affluent. I am quite affluent, but you would never know it from my beat up pick up, my lack of a boat, or my very modest older home. Only ones I know who behave like that are liberals.
OK.My (much) older brother was 82nd Airborne when I was a kid and I don't recall ever having seen...or heard of...expensive boots.I thought you were talking about government issue.By "punishment" are you talking Article 15,or something less "formal"?
I was taught by my father,a child of the Depression,to live below my means...as he did for the last 40+ years of his life.Doing so was tough when I was starting out...because my "means" were pretty meager.But now I,like you,am absolutely fine with living fairly modestly.
Chumley also owns a Condo, drives a Maserati and bought his Girlfriend some new Boobies.
The difference is, Chumley can afford what he buys. He isn’t waiting for Uncle Sugar’s Check to show up to pay for his Sneakers.
Less formal. Extra guard duty or KP (Kitchen Police). For those young ones in the service today, we did not have civilians working in the kitchen. KP meant getting up around 4:30 and doing all the scut work in the kitchen and not ending up until around 7 pm after everything has been cleaned and the floors polished.
I'm not all that much younger than you (enlisted,with a nudge from of Selective Service,in '69) so I'm all too familiar with KP.
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