Hm. I was unaware of this knack. Something tells me that there’s some sort of cultural thing going on here… Can somebody help bridge the gap?

We ran the last sale for the 2 weeks before the liquidators took over. Nobody bought anything. Then the “GOING OUT OF BUSINESS” banners went up, and suddenly people were buying huge stacks of CDs. At 10% off. The same people who wouldn’t buy a CD at $10.98 were now going crazy over them at $11.69.

People perceive “bargain” in a weird way.

There’s a local clothing store that takes this to a surreal level. Every week is a new “20% Off Sale, Act Now” banner. The sad thing is that I know several who continuously shop there for that very reason.

Psychology must be a depressing topic to study.

If I recall correctly, this is my one year anniversary for finding GRS. It has become a daily affirmation that has emboldened me to tackle some financial demons. With any luck, I can eliminate just about all of the non mortgage debt by this time next year. That will be a fantastic Thanksgiving. For now, I wish everyone here a happy and safe Thanksgiving.

One of the most interesting things was how he decided to mark down which items and by how much, and in general how the whole process was run. People would be snatching things up at 10 or 20% off, but if they just went across town to a regular, still open store they could get the same exact thing for 40-50% off. Go figure. The whole “liquidation mentality” was just fascinating – I didn’t believe the liquidator at first when he told me how things would work, at the beginning. I sure wasn’t a skeptic at the end!

@ Kristen – I totally feel the same way. I have no idea why, when a local Linen’s N Things is going out of business in my area, I saw people running around the store purchasing things when there were like 10% – 20% off. I waited patiently until I saw an item that I needed at least 40% off and then bought it.

Happy Thanksgiving!