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Old 11-25-2011, 10:57 PM  
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black friday - For our products that are $25,000 and up, growth is phenomenal

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"For our products that are $25,000 and up, growth is phenomenal," said Mark Vadon, founder of online jewelry retailer Blue Nile. "Price points under $100 are also doing really well.
sums it up nicely, doesn't, guess the working class should make more sacrifices, obviously the rich are too overburdened comparatively..... This also isn't the first story to mention this divide, stores catering to the rich were the first to leave the pain of the recession very early on, while walmart and other retailers dealing to the masses are still suffering comparably.

Black Friday draws crowds, but spending in doubt - Yahoo! Finance
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Old 11-26-2011, 12:00 AM  
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Who is to say they aren't just racking up the charges on their credit cards, before filing for BK?
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Old 11-26-2011, 03:16 PM  
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No ones to say. That's what makes it a moot point. Shopping statistics are very deceiving and I put little to no stock in them.
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Old 11-27-2011, 11:58 AM  
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Originally Posted by havasu View Post
Who is to say they aren't just racking up the charges on their credit cards, before filing for BK?
yes I'm sure those people in dire financial situations have enough credit to buy $25k+ pieces of jewelry.... at some point there has to be an end to republican attitude of people gaming the system where they assume since republicans game the system then everyone games it....

when the housing market crashed the wealthier people were the first to give up underwater homes, while the middle class paid for it with all they had....
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Old 11-27-2011, 04:24 PM  
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Ha ha more crazy statements blaming the rich with off-the-wall theories with no support. I feel like this is a habit.
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Old 11-27-2011, 04:34 PM  
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Ha ha more crazy statements blaming the rich with off-the-wall theories with no support. I feel like this is a habit.
"Biggest Defaulters on Mortgages Are the Rich"
http://www.nytimes.com/2010/07/09/bu...09rich.html?hp

"Even Marked Up, Luxury Goods Fly Off Shelves"
http://www.nytimes.com/2011/08/04/bu...-strongly.html

and yes I will accept your apology.....
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Old 11-27-2011, 05:34 PM  
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In my experience people who have big $$$ always have big $$$ regardless of economic boom or bust. Also, since when does political party affiliation have anything to do with wealth or lack of, or ones behavioir in general. If your a hard working and intelligent person or if your a crooked SOB it doesn't matter. It mostly seems to me that those who have made big $$$ are born with the ability to do so and are willing to take much more financial risk than the average Joe.
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Old 11-27-2011, 06:05 PM  
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Originally Posted by MRB View Post
In my experience people who have big $$$ always have big $$$ regardless of economic boom or bust. Also, since when does political party affiliation have anything to do with wealth or lack of, or ones behavioir in general. If your a hard working and intelligent person or if your a crooked SOB it doesn't matter. It mostly seems to me that those who have made big $$$ are born with the ability to do so and are willing to take much more financial risk than the average Joe.
there is certainly some truth to that, but why should we stack the deck like that? for instance healthcare, why have a system that is geared only to work well for people employed by companies large enough to get affordable plans? why can't entrepreneur's buy themselves policies with the same rights as corporate policies? (as they will be able to under "obamacare").

or why should large corporations be able to muscle out the little guys (as the SOPA and the new patent law will do)?

why should individuals bear a greater risk burden when it comes to social security and medicare? why add more risk onto everyone? that will not help someone become an entrepreneur.
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Old 11-27-2011, 08:20 PM  
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Originally Posted by RedJeepXJ View Post
"Biggest Defaulters on Mortgages Are the Rich"
http://www.nytimes.com/2010/07/09/bu...09rich.html?hp
The majority of defaults I see are on low-end properties. However, nearly all our major problems are with high-end properties. The owners aren't in denial about being evicted; they're pragmatic. They know they are staying in or storing their stuff in a nice house, free of charge, for as long as it takes the lender to jump through the hoops set up to protect people from predatory lenders.

We've had some properties where that's taken over a year. On the one hand, yeah, they're gaming the system. On the other hand, they're making the absolute best out of their situation, turning declining property values into a profit. I can't be mad at them. I'd do the same damn thing in their situation.
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Old 11-27-2011, 09:53 PM  
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Originally Posted by rivalarrival View Post
The majority of defaults I see are on low-end properties.
well yeah, the 99% verse the 1%, yeah there will be significantly more low end properties, but proportionally speaking that may not be the case.
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