Boomers are not only unaware of depreciation, most of them also cannot wrap their heads around a sunken cost fallacy.
Or opportunity cost. They would've been further ahead giving the furniture away, rather than paying monthly rent on a storage unit waiting for a unicorn to buy that shit at MSRP (in 2025 dollars, not 2000 dollars) just to "break even."
I've explicitly laid that out. Even appealed to their selfishness with a vague "if you donate enough in one year, it might be worth some kind of tax write-off." No luck. Dad understands depreciation just fine when it comes to vehicles. But when it comes to indoor things, they have this child-like notion of an objective, true value.
They need to spend a couple weeks watching an MMO's auction house.
Are they unaware of depreciation? Not everything is an investment, least of all furniture that goes out of style.
Boomers are not only unaware of depreciation, most of them also cannot wrap their heads around a sunken cost fallacy.
They are somehow the perfect intersection of wasteful cheapskates.
Or opportunity cost. They would've been further ahead giving the furniture away, rather than paying monthly rent on a storage unit waiting for a unicorn to buy that shit at MSRP (in 2025 dollars, not 2000 dollars) just to "break even."
I've explicitly laid that out. Even appealed to their selfishness with a vague "if you donate enough in one year, it might be worth some kind of tax write-off." No luck. Dad understands depreciation just fine when it comes to vehicles. But when it comes to indoor things, they have this child-like notion of an objective, true value.
They need to spend a couple weeks watching an MMO's auction house.
Oh no, they believe in Labor Theory of Value.
Or an estate sale, like u/Benevolentdictator mentioned. Tell them it'll be their shit sitting in the rain when their time comes.