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| Depends on what one is looking at or listening to. One personal report is that there are noticibly less flamboyancy in places like L.A. and Las Vegas. But another report is that recreation resorts are booked solid. Amusement parks also show little outward sign of less spending.
More people are voicing out they have less money. I know of two cases of foreclosures. In both cases, they've decided to walk because the market value of the house is 60% of the value of the mortgage. Neither case were caused by job loss.
Just about everyone I talk to is angry at the irresponsible investment bankers. | |
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How about the irresponsible people that bought a house they
couldn't afford?