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A Changing World

By
Real Estate Agent with Jewell Real Estate Agency

I alway enjoy listening to my husband talk about his life and how times have changed.  Life was much simpler back then.  I, too, had a great childhood with lots of memories.  Being Italian with a large family was a great way to grow up.  But it's now time to look to the future and what's in store for us.

A Changing World

When I was a youngster, I thought everything always stayed the same.  I thought the corner general store would always be there and always be called Percy's.  The same for Al's Barber Shop, and the same for Green's Luncheonette and Woolworths and the A&P.  I was naive and too young to understand the evolution of change.

Then reality began to set in. First, the knifeman no longer drove up and down the neighborhood streets with a familiar bell ringing on the back of his truck.  Mom would send me running to flag him down and she'd follow with a basket full of kitchen knives to be sharpened.  A few years later there was a note in the milk box saying that Sicomac Dairy would no longer be delivering milk, eggs, sour cream, etc to our door.  About the same time the local dry cleaner also stopped doing home deliveries.  What was the world coming to?

Change continued through my teens and twenties.  I used to peddle my bicycle delivering the Bergen Evening Record newspaper every afternoon after school.  They became a morning newspaper, following an industry trend, and next thing you know newspaper home delivery was done by adults in cars at 5am.  Yikes!

My next job was as a caddy at a golf course.  We made $2.75 for carrying a golf bag 18 holes, and $5.50 if we were big enough to carry two bags for 18 holes.  With tip, that came to $6 for about five hours work.  I was on top of the world and "rich" compared to my fellow high schoolers.  But you know where this story is going.  Within a decade, caddies were as extinct as dinosaurs.  Golf carts put us out of business.  The end of an era.

With all these experiences in my rear view mirror, allow me to gaze into my crystal ball and look into the future.  The biggest change I see is in the world of retail stores.

 

The internet is going to decrease the number of retail stores.  We're already seeing it in the demise of such venues as movie rentals - adios Blockbuster - and music stores.  The internet allows you to download movies and music from the comfort of your home.  And heck, just about every new movie is on cable within six months anyway, so why not wait?

Stores that sell appliances will be the next victim.  Just ask Circuit City or Linens 'n Things.  Circuit City had 576 big box stores and Linen ‘n Things had 571.  All their stores are now shuddered and they sell, yes, on the internet only.  Who'd a thunk it?

Just about any store that sells things that are also readily available on the internet is in trouble.  The exception, of course, is things you need to touch or try on first.  I'm not gonna buy shoes or pants from the internet.  I need to try them on to make sure the fit is just right.  And I want to physically see some items before purchasing to make sure they are of sufficient quality.  A picture on the internet doesn't relay the quality.

Stores that cater to "touch and try on" and large selection will survive, like WalMart and Target and Costco and such, because high volume of sales will carry them.  But smaller stores, not to mention Mom & Pop's, are in trouble.  The cost of rent and utilities and inventory and employees makes them unprofitable, or at least not worth the bother.

Look around.  I'm sure you've noticed how many empty storefronts are in your community.  Nationally, the vacancy rate for retail stores is about 7% and malls is nearly 10%.  It seems like more.  Expect those numbers to increase.

But all's not lost.  Restaurants will survive and thrive.  In fact, anything related to food will stay around.  Who buys a hamburger or a cantelope on the internet?  Doctors, dentists, lawyers, realtors, accountants and other similar occupations will continue to occupy a physical space in the community.  So will hardware stores and lumber yards and florists and other "drop in and buy quick" businesses.

Thanks to internet sales, a good bet on the future would be to buy stock in FedEx, or UPS, and any other delivery company.  Hey, wait.  Haven't we just gone full circle?

- Mountain Man

http://www.MountainManandCityGirl.com

 

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I enjoyed reading your post. Have a great 2010. Happy New Year.

Dec 30, 2009 10:13 PM
Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv
REISA - 317-663-4173 - Indianapolis, IN

Nice post. As we all know the only thing that is perment is change. Happy New Year

tony

Dec 30, 2009 10:17 PM
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Joyce

The WWW has changed a lot of things but as you have pointed out, personal services are in demand if we can show that we are worth the effort

Ty

Dec 31, 2009 01:50 AM