Financial Woes to be Answered with Furniture?

It is no secret that much of the country and most of the world is paying a little closer attention to the financial markets.  In one of the scariest economic times in this country’s history, this comes as no surprise, but still many wonder when an end to the turmoil will come.  In the meantime, others are looking for new forms of investment opportunity to continue growing retirement and college savings.  When CDs, stocks, real estate, and other common investment venues show no real promise, many seek other avenues. 

A recent headline in USA Today suggested that one way to achieve growth of income was through the purchase and sale of collectibles.  Among those with the most promise for a high return were furniture items.  While new beds, dining sets, and bar stools have undeniable appeal, many individuals are looking to recreate the past in new homes, condos, and apartments.  While high-end collectibles carrying massive price tags remain the wisest form of investment in this genre, there is significant interest in ‘50s, ‘60s, and ‘70s décor pieces.

So, why is it that many are turning their attention to furniture trends of the past?  There are many reasons, actually.  For one thing, the bold colors, lines, and styles of chairs, tables, and stools from those eras have renewed appeal in a time when many people are looking for familiarity, comfort, and unique style.  Furthermore, the use of pre-owned pieces of furniture in conjunction with the new buys can be beautiful and seen as very environmentally friendly.  After all, one of the highly praised three “R’s” is “reuse.”

While some furniture collectibles will sell at a premium price and may be out of your budget, this movement does bode well for most Americans.  Those who have held on to large pieces in basements, storage units, or garages may be able to walk away with a profit and others who are looking to decorate on a budget may now find that it is easier to stay with the trends without spending an arm and a leg, as “used” becomes a welcome word in the design industry.  A brand new upholstered headboard can be paired with a lightly used nightstand, or a new contemporary table can be dressed with chairs straight from the ‘70s to create interest and contrast, for example.