The Story of Doug Ebenstein, from Brown to Duke

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When I’m deciding where to shop for my various needs, including home goods, furniture, clothing, and more, I usually like to know who I am buying from.  That means knowing the story behind the owner of a business and their values and motivations behind starting one in the first place.

If you’re like that too, consider sticking around for this article.  I’ll discuss Doug Ebenstein, along with a few other important parts of the resale market and how it works.  I find it helps me with choosing who to support with my money.

 

Who is Doug Ebenstein?

I’ll start off with the main topic on our minds today.  Mr. Ebenstein operates his businesses in the Washington D.C. area.  He received his bachelor’s degree at Brown University, in the field of economics.  He continued onto a JD from Duke University’s Law School.  While there, he played on the tennis team.

If you’re wondering why you should care about Doug Ebenstein, it’s largely for anyone interested in the businesses he runs.  He’s someone who remains involved in his communities.  That’s particularly true when it comes to his alma mater.  Usually, that is the type that I would prefer to support, over those who don’t give back.

Right now, he lives in Florida alongside his wife.  Still, he appears to be a competent businessman who is a family man and gives back to the community.  So, if you are looking to give business to someone in the D.C. area, this might be a valuable option for you.

 

What is Resale?

Since he’s in this business, I think it’s valuable to go over this.  Resale is taking older items and then selling it again after doing some refurbishing.  Usually, you can net a fairly high profit this way. It’s a nice way to shop sustainably.

If you’re interested in what sustainable shopping means, considering visiting this website: https://www.sustainability.vic.gov.au/recycling-and-reducing-waste/at-home/avoid-waste/shop-sustainably.  While it’s not based in the United States, I find it still has some valuable insights to offer.  Namely, we can get a base definition for the term.

In essence, though, this method of buying involves us recognizing the costs of every item we purchase, beyond just monetarily.  So, this might be the environmental impacts (our carbon footprints, for example) or the social impact.  The latter thing is what influences many people to shop locally or get from a fair-trade retailer.

 

An Aside: Fair Trade

What’s fair trade?  Well, it is a large part of this movement.  In fact, some resale locations like the one I mentioned earlier have sections dedicated to it.  The goal of this is to provide artisans and workers in less developed nations a market in other countries while paying them ethical wages.

While some factories do provide jobs, it is often a dangerous work environment, and the pay is not always great.  So, some consumers are turning towards different sources for their clothing and items.  That’s where this and resale both come into play.

 

Understanding Resale

While some of us might know “resale” as “thrifting,” I think it’s a good idea to remember that they are in fact quite different.  While both involve selling items that were previously owned, thrift stores generally accept almost all donations and sell them for lower prices to anyone in need.  Thus, not all items are of high quality.

A consignment shop, on the other hand, does not accept every donation that comes their way.  They might even purchase pre-owned items to refurbish and sell for a higher price.  Generally, the products are of a higher quality in this situation.  Hence the opportunities for any fair-trade workers, as you can see on this page.

Many of the goods that land in these stores might come from involvement in real estate.  This is the case with Ebenstein’s ventures, though it is hard to say what exactly inspired him to establish a center.  Still, if you’re looking for previously owned goods to help reduce your own environmental footprint for example, this might be something to look into.

 

Ebenstein’s Role

Returning to our main subject, in the Washington D.C. area, this CEO does in fact work in real estate.  It is this field that has led him to tapping into these markets.  However, let’s shift our attention to some more fun facts about him, since that is also quite interesting.

Perhaps the most fascinating thing is that he is a member of the Congregation B’nai Israel in Boca Raton and has been for a long time.  This is a synagogue down in Florida where he lives and offers education to local children.  It’s certainly a worthwhile place to invest in and evidence of the support his shows for his community.

Like I said previously in this article, when I’m planning to support a business, I like to know who is behind it.  Something else of note is that Ebenstein supports the Morgan Pressel Foundation.  This is a group that supports funding for breast cancer treatment, research, and survivors.  If you support his businesses, you also are giving to them, which is a comforting thought.

Finally, I want to note that he remains an avid tennis player.  This is a bit unusual for his age and commendable for that reason in particular.  He performs quite well, so he might be worth watching for any tennis enthusiasts out there.

 

Is Resale Shopping Worth it?

The final thing I’ll cover today is whether buying from consignment shops is worthwhile.  For any furniture in particular, I would say the answer is yes.  Buying new can be quite expensive, and it’s wasteful to throw out valuable pieces.

This includes anything that comes from housing escrows as well.

 

So, if you want to support someone who gives back to the community, consider Ebenstein or men and women like him.  You see, there are a lot of different possibilities, so doing your research online isn’t a bad plan.  I hope this article has helped you learn a bit more about him and what he’s involved with.

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