Tuesday, November 11

How we know the economy is really bad...

"He has cut his DVD buying from 50 a month to perhaps one, and is waiting until the Christmas sales to buy a high-definition television. He does not indulge much anymore in his hobbies of scuba diving and flying." ~ NY Times article about Mountain House, California where the average homeowner is "underwater" by $122,000.

It's all kind of relative.

1 comment:

Dave Owen said...

I would think that many people on Guam were "underwater" until the upturn in the economy within the last couple years - I know we were.