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Sneaker Pawn in Harlem
MYFOXNY ^ | June 17 2014 | Not Attributed

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 ...


TOPICS: Society
KEYWORDS:

1 posted on 06/18/2014 6:29:57 AM PDT by MeshugeMikey
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To: MeshugeMikey

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.


2 posted on 06/18/2014 6:34:12 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: MeshugeMikey
With seed money collected from selling tens of thousands of dollars in family owned shoes

Sneaker rich, cash poor.

3 posted on 06/18/2014 6:37:14 AM PDT by razorback-bert (Due to the high price of ammo, no warning shot will be fired.)
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To: MeshugeMikey

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.”


4 posted on 06/18/2014 6:40:37 AM PDT by posterchild (It takes a politician to declare a settled science.)
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To: Pollster1

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.


5 posted on 06/18/2014 6:40:58 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Pollster1

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.


6 posted on 06/18/2014 6:42:13 AM PDT by V_TWIN (white pri)
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To: MeshugeMikey

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.


7 posted on 06/18/2014 6:42:34 AM PDT by CIB-173RDABN (I do not doubt that our climate changes. I only doubt that anything man does has any effect.)
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To: Pollster1
What interests me is: how do you create a liquid market in pre-owned sneakers?

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.

8 posted on 06/18/2014 6:43:24 AM PDT by wideawake
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To: CIB-173RDABN

“Those were the days”


9 posted on 06/18/2014 6:48:39 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: Pollster1

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.


10 posted on 06/18/2014 6:50:11 AM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: wideawake

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.


11 posted on 06/18/2014 6:52:13 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Pollster1
its a real great illustration of the desperation born out of misplaced values !

I seriously doubt that Id WEAR any of these shoes.

consumerism run amok




12 posted on 06/18/2014 6:53:23 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: lacrew

I just searched for ‘hundred dollar baseball cap’ and now I am even more confused.


13 posted on 06/18/2014 6:53:31 AM PDT by posterchild (It takes a politician to declare a settled science.)
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To: posterchild

The New “Sneaker Economy!”


14 posted on 06/18/2014 6:54:27 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: Pollster1

There’s a reason the poor will always be with us.

Pouring welfare dollars into their economy is like putting Miracle Grow on weeds.


15 posted on 06/18/2014 6:56:35 AM PDT by ladyjane
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To: CIB-173RDABN

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.


16 posted on 06/18/2014 7:03:25 AM PDT by .45 Long Colt
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To: MeshugeMikey

ya can see it now,
holder’s people robbing others of their sneakers and taking them and pawning em.


17 posted on 06/18/2014 7:04:30 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: MeshugeMikey

Chumlee, Pawn Stars is a sneakerhead and owns over a 100 pairs of sneakers
worth a lot money. Here are some links /photos.

https://www.google.com/?gws_rd=ssl#q=chumlee+sneakers


18 posted on 06/18/2014 7:05:49 AM PDT by deport
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To: lacrew

Rim stores around Memphis finance rims, but they also rent them and do rent-to-own.


19 posted on 06/18/2014 7:12:21 AM PDT by .45 Long Colt
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To: Joe Boucher

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”


20 posted on 06/18/2014 7:23:11 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: Jonty30

Different cultures, different priorities...In some asian countries its cars, clothes and gadgets because it is rare to invite non-family to the house.


21 posted on 06/18/2014 7:31:25 AM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothings)
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To: MeshugeMikey

How far has a “culture” sunk when it starts using sneakers as an instrument of barter?


22 posted on 06/18/2014 7:51:45 AM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: CIB-173RDABN
Toward the end of the month if I needed some cash I could pawn my dress jump boots for $20.

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?

23 posted on 06/18/2014 7:55:25 AM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: Jonty30
Whites show off their status through their boats, cars, and houses.

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.

24 posted on 06/18/2014 7:59:23 AM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: MeshugeMikey

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.


25 posted on 06/18/2014 8:02:16 AM PDT by EinNYC
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To: Gay State Conservative

Not all blacks buy Jordan sneakers, probably not even most.


26 posted on 06/18/2014 8:06:06 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: MeshugeMikey

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.


27 posted on 06/18/2014 8:07:43 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: Gay State Conservative

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 ;)


28 posted on 06/18/2014 8:07:46 AM PDT by CIB-173RDABN (I do not doubt that our climate changes. I only doubt that anything man does has any effect.)
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To: MeshugeMikey

Maybe ‘Thou shalt not covet’ is in the book for a reason.


29 posted on 06/18/2014 8:07:53 AM PDT by AD from SpringBay (http://jonah2eight.blogspot.com/)
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To: Pollster1

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.

***
Exactly. Great priorities, huh?


30 posted on 06/18/2014 8:08:38 AM PDT by Bigg Red (31 May 2014: Obamugabe officially declares the USA a vanquished subject of the Global Caliphate.)
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To: Jonty30

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.


31 posted on 06/18/2014 8:11:20 AM PDT by LambSlave
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To: CIB-173RDABN
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.

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"?

32 posted on 06/18/2014 8:14:44 AM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: LambSlave
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.

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.

33 posted on 06/18/2014 8:19:02 AM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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To: deport

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.


34 posted on 06/18/2014 8:19:38 AM PDT by Kickass Conservative (THEY LIVE, and we're the only ones wearing the Sunglasses...)
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To: Gay State Conservative

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.


35 posted on 06/18/2014 8:49:27 AM PDT by CIB-173RDABN (I do not doubt that our climate changes. I only doubt that anything man does has any effect.)
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To: EinNYC
likely a favorite pastime of..."mister" Ice Mohammed.....that is if mooselims wear sneakers... http://s27.postimg.org/ypu9iozeb/icemohammed.jpg


36 posted on 06/18/2014 9:02:32 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: CIB-173RDABN
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.

37 posted on 06/18/2014 12:45:48 PM PDT by Gay State Conservative (Rat Party Policy:Lie,Deny,Refuse To Comply)
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