Listen Now: Trash To Treasure: The SF Man Profiting Off Millionaire’s Garbage
One man’s trash is another man’s source of income.
According to The New York Times, there is an underground economy of people in San Francisco who rummage through the trash of some of the richest people in the country. But they aren’t looking for food; they’re looking for things they can sell. and in some cases what they find brings in enough to pay rent and cover their basic costs.
For example one man spends his time diving through the dumpsters of some of Silicon Valley’s biggest names, including facebook founder Mark Zuckerberg. While the Zuckerberg’s trash doesn’t always pan out, some items found from neighbors include a coffee machine, chinese food containers and a hair dryer.
The man told The Times he has found gently used clothing, including designer items and Nike sneakers. He’s also found phones, ipads, watches, even marijuana.
And discovering items like that has taken the man from living on the street to a small studio apartment and about three hundred dollars a week. And when it comes to where he found an apartment, location really was everything.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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