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The great junk transfer is coming

theglobeandmail.com

41–50 of 461 posts

Re: The great junk transfer is coming

#41
This is what I think of when all of these headlines about boomer-to-millineal wealth transfers come out every few months.

How is this a good thing? How does this wealth transfer help decentralize the wealth in the US?

The only thing I’m probably being left is a vintage collection of HGTV Magazines and piles of depreciating assets.

Re: The great junk transfer is coming

#42
The chair I'm sitting in cost me $20 at an estate sale a few houses down from where my parents live, because the wife died and the husband wanted to move to florida.

I do not look forward to the day my parents die because we have a history of accumulating material possessions and there will be a lot of cleaning.

Re: The great junk transfer is coming

#43
I'm not looking forward to dealing with my parents stuff, a major reason(other than their death) being that taste seems largely generational. They both seem to love giant wooden cabinets...for everything. They both have monstrosities of a TV stand/console/shelf, etc. It's actually nice quality, but nobody I know my age or younger really likes stuff like that. I can't imagine I ever will.

Re: The great junk transfer is coming

#44

I watched a friend have to deal with this. There’s just so much to sort through or get rid of. My grandfather left dozens of model airplanes behind. No one in the family flies them. Most of the people he used to fly them with died before he did. Fortunately, my grandmother is still alive and we’ve found people who would appreciate the planes. We could have just burned everything but we have emotional ties to these th…

Around a decade ago I saw an old guy flying one of those (some biplane replica) off of a racetrack for the runway in a school field and asked him what he thought of these newfangled drones and his reply was "I'll shoot them down!"

Re: The great junk transfer is coming

#45
post #31

My grandparents and great grandparents are dead, so they don't have to live with the embarrassment of having their descendent reduced to being "the sort of person who buys his own furniture," but that's progress. I am keeping some of it, and we all do a purge every few years just in case, but I find it's the photographs that are the hardest to destroy. Something that meant so much to someone else. Like tears in rain,…

I digitize all of the photos so they’re preserved and organized. That way you can feel a little better about getting rid of the prints.

I wonder if digitized objects will hold same sentimental value as real ones. What if taking a picture of a vase or a postcard, or even 3D scan of a toy you cherished as a kid, will help with keeping memories and not agonizing on the decision to junk it.

Re: The great junk transfer is coming

#46

It will be handled the exact same way it always has: 90% of the time it's off-loaded at a garage sale, at Goodwill, on E-bay or otherwise sold - almost always below market value because the survivors can't be bothered - they just want it gone. This is the very basis of yard sales and antiquing. It's how I get a 1999 BMW Z3 with 20K miles back in 2008 for $5K bundled with a Mac Cube and several $K of other goodies fro…

Or, the article is precisely about you and you don't realize it. You might not be the son in the article. You might be the dad (hopefully with many decades of collecting yet to go).

Re: The great junk transfer is coming

#47

Where I live we have 'council clean-up' days. It's a designated day once per year you can leave a reasonable amount of rubbish outside your house including old furniture, tools, utensils etc etc. The good thing is it's widely advertised and if you sort your stuff out properly and lay it out in an organised manner, lots of amateur collectors will come and take it away to re-sell or re-use leaving only a small amount o…

I am fortunate to live in a country where there are lots of people below me on the totem pole. There is a delighted recipient for literally everything we have outgrown.

Pretty much everyday is council day here - you can leave whatever you like, whenever you like, by the kerb and it'll be gone by lunchtime. While it's painful to see so much need, it's gratifying that everything finds a new home where it will be used.

[broken stuff is especially in demand - it can be fixed and reused - there's an active trade in collecting broken appliances. Large stuff, like furniture will be collected by charity organisations.]

Re: The great junk transfer is coming

#48
I love getting rid of stuff. I've just packed up my apartment again, and my wife and I have under 5m3 of stuff, and that includes a couple of larger pieces of furniture, 7-8 framed pieces of art, a decently-sized toolbox, and a big TV. Most of the time we're away from our homebase anyway, so living out of two suitcases. It really means that our treasured items are treasured, as most have undergone several iterations of this slimming process.

It's not for everyone, and I'm not trying to make some larger moral point, but for me it always feels so cathartic to strip down the stuff and just be left with items that you actually really like

Re: The great junk transfer is coming

#49

I’ve already told my wife that when her parents die we are just going to burn the house down. I’m just half joking. I truly don’t understand people that fill up their homes with stuff. You can’t take it with you. And I have no intention of sorting through it. It’s all going straight to the landfill.

> I truly don’t understand people that fill up their homes with stuff. I almost replied this way, too, but then I remember the junk drawer I have full of DB9 serial cables, Firewire cables, PCI SCSI cards, 256MB RAM chips, 2GB spinning hard disk drives, three prong computer power cables, mice, webcams, power strips, power bricks, and a fully functional Dell OptiPlex GX620 with a screaming Pentium D 3.2GHz CPU. I keep…

I had such a collection. It spent a decade in storage during a transient period of my life, and I emptied my storage when I got a house. I made a decision that I was going to empty every single box, whether or not I'd go on to repack them. I saved a miniscule fraction of the computer stuff, in the face of the evidence that I had not needed it for an entire decade and had no plans to open a computing museum.

Re: The great junk transfer is coming

#50
post #27

I feel like these days, stuff is incredibly cheap and therefore it's very easy to accumulate a huge amount of it. Sure, we have out sentimental items and useful tools we use everyday. But a huge amount goes un-used, sitting in boxes, closets, attics and garages waiting to be thrown away. I try to "live small". My apartment is relatively small. I'm still wearing clothes from high-school. I still the knife, fork and sp…

The difference here is that until recently things used to be well made and built to last. It's easy to buy a bunch of junky tools etc that might last a few years but it sometimes amazes me how people don't understand that owning a few good quality tools that will last forever is vastly preferable to giving them away. Same is true with a lot of other things, but of course this is only relevant if you're going to use t…

Don't overlook survivorship bias. There was plenty of cheap junk being sold 50 years ago.
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