Saturday, October 07, 2006

Blame it on the Housing Slump

This story about a furniture store in Brick mentions the slump in housing. Not for nothing, but don't furniture stores in Brick, especially if they are located on highway 9, go out of business pretty much every month? Have you ever driven down route 9 in Howell or Lakewood or near Brick and not seen a "Final Liquidation" sign or a huge "Going out of Business" placard?


I think Mustafa suckered the Asbury Park Press into giving it free advertising.


From the Asbury Park Press

[BY MICHAEL AMSEL
STAFF WRITER

BRICK — Christian Fine Home Furnishings on Chambersbridge Road is closing its doors on Nov. 30, a liquidator for the store said Friday.

The home furnishing store, which has been in business here for 4 1/2 years, is closing because of poor economic conditions, said Hector Mustafa.

"You see a lot of furniture stores like this going out of business these days," Mustafa said. "I guess this may have to do with the housing slump."]

Full article...


7 Comments:

Anonymous rbyzell said...

you know. it's a shame and i feel bad for people but man, i'm so happy i won't see that freakin' kara homes banner flying over the beach. let the "soul" of the jersey shore come back dear God, that's what we want. The community back! not all of these greedy crooks scaming good people. our lives are not meant to be slot machines. i'm gonna go take a nice walk on the beach, breath in the sweet sea air, have a beer at bar-a and chat with some local - good folks.

Saturday, October 07, 2006 1:38:00 PM  
Anonymous Mr. Rant said...

Sometimes, bad people post too! Let's look at your post...

"let the "soul" of the jersey shore come back dear God, that's what we want."

What soul are you talking about? Some sort of twisted view of life where everything is how YOU want it? Life is progressive. If you don't like the shore anymore, please exercise your rights to voice your concerns and not go there in protest.

Who by the way is we? The people on your ward or all of us? Does we include the greedy crooks and the good people scammed or just the good people? Maybe we should put all the greedy crooks in a concentration camp because we don't like them!

Yeah I remeber growing up going to the beach and having a pop with my dad and watching the boats come and go through the Manasquan inlet. Life was easier then, or so it seemed. But I find nothing wrong with the fact that more and more people are discovering the Jersey Shore and exercising their right to purchase real estate. That is the American way!


Greenspan Says `Worst May Well Be Over' in U.S. Housing Slump

By Jeremy Torobin and Greg Quinn

Oct. 6 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the ``worst may well be over'' for the U.S. housing slump.

Greenspan, speaking at a conference in Calgary today, pointed to a ``flattening out'' of weekly mortgage applications after they went down ``very dramatically.''

Mortgage applications in the U.S. rose last week by the most since June of last year as lower borrowing costs spurred home sales and refinancing, the Mortgage Bankers Association reported Oct. 4.

Sunday, October 08, 2006 12:59:00 PM  
Anonymous Anonymous said...

Citing GREENSPAN as evidence that we've bottomed out of the slump? Nevermind that prices have inflated 160% in eight years and only gone down 15% in six months, but really, Mr Rant, aren't there easier ways to demonstrate your innocence?

Sunday, October 08, 2006 3:59:00 PM  
Anonymous Anonymous said...

Oh Boy! This is too funny! Using a man who ruined his reputation by becoming a puppet to quote the health of the housing market!

Sunday, October 08, 2006 7:24:00 PM  
Anonymous Anonymous said...

Christians was near brick plaza, to the right of BBB and Best Buy, and, ironically, just next to the Levitz/Seimens that itself has changed identities a few times in the last few years.

However, Christians was the excat opposite of Levitz or any of the stores on Rt. 9. Having gone in there with my wife a few times, it was a beautiful place with custom granite tables, handmade wood cabinets, and high quality materials all around. They did not advertise with big "going out of business sales" or "50% off sales," and whenever we looked there we were never pressured to buy anything. They were on the side alley of the Best Buy plaza, so you had to know where they were to find them.

Rather than just a sign of the collapsing housing bubble, this is also a sign of the demise of independent, non-chain retailers. The type of furniture and housewares available at Christians was unavailable anywhere else in the area -- not at BBB, Levitz, or even the chain "Ethan Allen" next to the A&P and Barnes & Noble on the other side of Chambers Bridge Rd. Don't even mention the tacky stuff at Seaside or other local furniture outlets. Homogenized McSofas everywhere. You might still be able to go down to Tuckerton and find some hand crafted stuff, or out to Amish country to buy furniture, but I'm really really sick of the same Home Depot vanities everywhere, the same couch and trite prints everywhere, and choice and the free market replaced by crap wherever you look.

Its a sad day when to find unique furniture you are better off going to Habitat than a furniture store.

Sunday, October 08, 2006 10:03:00 PM  
Anonymous rbyzell said...

to mr. rant. yes, you're right. everything does change, can't stop it. yes, i'm also happy that more people are discovering the jersey shore but it sadens me when small business people who have given years of their lives to the area are run out of business by greedy politians and real estate developers and their family business replaced by a mcmansion. a mcmansion where the occupants only come down in the summer. that's all.

Monday, October 09, 2006 10:47:00 AM  
Blogger lindsey said...

Ughh, Anon 10:03,

There was a Christians in Ocean Twp (Monmouth) that came and went very quickly in the last year. Ed is right, The business model for furniture stores seems to be open for a year or so and then have a big liquidation sale. I'm not sure why it works, but I'm thinking it does because you see at least one furniture store a month going out of business somewhere in Monmouth/Ocean.

Wednesday, October 11, 2006 11:48:00 AM  

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