No ‘Sears Catalog Homes’ May Spell Disaster for 2019 Housing Market
HOFFMAN ESTATES, IL. – As Sears Holdings Corporation inches closer towards liquidation —housing experts are voicing their concerns over whether the U.S. housing market can continue to appreciate in 2019 without the popular and affordable “Sears Catalog Homes.”
“People forget we are only ten years removed from the worse housing crisis in American history,” explains real estate expert Alvah Roebuck. “When things got bad in the mid-2000s, it was the Sears catalog homes that held it all together.”
Catalog homes have been the backbone of the U.S. housing market for over one-hundred years; home buyers and DIY enthusiasts alike have long appreciated the convenience of thumbing through a Sears catalog—picking out the perfect home to order. While online giant Amazon has taken the retail market to the internet, CEO Jeff Bezos has shown no interest in recreating the timeless Sears catalog that he destroyed, nor has Amazon offered an online replacement for the cost-effective dwellings.
While efforts to save the company are ongoing, Sears Holdings Corporation Chairman, Edward Lampert, announced on Friday a plan to close an additional eighty stores, in an effort to make the $4.4 billion bid Lampert’s hedge fund has made for the company more attractive to the bankruptcy courts.
Lampert also announced that Sears would discontinue distribution of the general merchandise catalog effective 1993, and halt production on all catalog homes by the end of 1940.
“It’s a crying shame,” said real estate agent Antonio Hagen. “I never thought I would see the day where I couldn’t order an affordable house through a catalog.”
“What’s next? Are they going to take away my ability to mail-order a Balkan bride too?”