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Old 07-24-2008, 11:35 AM
 
485 posts, read 1,804,279 times
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One reason consumer spending is down-everybody has so much stuff, there's no place to put it all.

As a nation we can get along for years on yard sales and Goodwill!

We'll survive this storm-and perhaps go on to a simpler life, free of clutter.

As boomers pass on there's going to be a lot of stuff flooding the used market, enough to keep people clothed, shod and supplied with small appliances for years.

Now as for fuel, food, and a roof for their heads, well, that remains to be seen.
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Old 07-24-2008, 01:05 PM
 
Location: Raleigh, NC
9,043 posts, read 11,809,838 times
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Quote:
Originally Posted by krakenten View Post
One reason consumer spending is down-everybody has so much stuff, there's no place to put it all.

As a nation we can get along for years on yard sales and Goodwill!

We'll survive this storm-and perhaps go on to a simpler life, free of clutter.

As boomers pass on there's going to be a lot of stuff flooding the used market, enough to keep people clothed, shod and supplied with small appliances for years.

Now as for fuel, food, and a roof for their heads, well, that remains to be seen.
While we need to let the economy tank and the chips fall where they may, are you prepared to live a standard of living comparable to Portugal or Greece, where rich foreigners scoop up all the beachfront properties with their precious currency while the poor indigenous population live in relatively worthless real estate and scrimping every dime of their worthless currency?

Yes it can and will happen.
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Old 07-24-2008, 02:02 PM
 
485 posts, read 1,804,279 times
Reputation: 215
I've always been poor, I can adjust to it.
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Old 07-24-2008, 02:38 PM
 
Location: Iowa
2,933 posts, read 3,227,721 times
Reputation: 3663
Ya, maybe the building codes will change so I can sell my modest home and buy an acre of land out past the suburbs a mile. Then I can set up a windmill and build a small 500 sq ft shack so I can afford electric and TV. Maybe some day I could build a septic system after a year or two, but a porto potty will have to do for a while.
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Old 07-25-2008, 06:20 AM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,151,127 times
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Poor people can't afford crack.

So sayeth Cris Rock.
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Old 07-25-2008, 06:29 AM
 
2,197 posts, read 6,812,297 times
Reputation: 1687
Quote:
Originally Posted by ViewFromThePeak View Post
While we need to let the economy tank and the chips fall where they may, are you prepared to live a standard of living comparable to Portugal or Greece, where rich foreigners scoop up all the beachfront properties with their precious currency while the poor indigenous population live in relatively worthless real estate and scrimping every dime of their worthless currency?

Yes it can and will happen.
It's already happening in L.A. and New York. That's one reason real estate prices aren't falling as much in the most desirable coastal and urban areas.

Americans will just move to middle-- pretty much what's happening now as they're priced out of many coastal communities.

It's difficult to refute the increasing foreign presence in both the upper and lower strata and how it's changing the face, values and way of life of America.
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Old 07-25-2008, 06:53 AM
 
Location: Heartland Florida
9,324 posts, read 24,252,214 times
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Quote:
Originally Posted by ViewFromThePeak View Post
While we need to let the economy tank and the chips fall where they may, are you prepared to live a standard of living comparable to Portugal or Greece, where rich foreigners scoop up all the beachfront properties with their precious currency while the poor indigenous population live in relatively worthless real estate and scrimping every dime of their worthless currency?

Yes it can and will happen.
Yes it is called south Florida.
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Old 07-25-2008, 08:37 AM
 
12,459 posts, read 18,033,411 times
Reputation: 6450
Quote:
Originally Posted by ViewFromThePeak View Post
While we need to let the economy tank and the chips fall where they may, are you prepared to live a standard of living comparable to Portugal or Greece, where rich foreigners scoop up all the beachfront properties with their precious currency while the poor indigenous population live in relatively worthless real estate and scrimping every dime of their worthless currency?

Yes it can and will happen.

Greece and Portugal use the Euro. Hardly worthless and I don't think the dime is one of the coins.
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Old 07-26-2008, 11:20 PM
 
Location: U.S.A.
90 posts, read 194,688 times
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Quote:
Originally Posted by krakenten View Post
I've always been poor, I can adjust to it.

+1

I'am poor on the outside but rich inside myself
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Old 07-27-2008, 07:08 AM
 
Location: No Sleep Til Brooklyn
1,413 posts, read 4,851,593 times
Reputation: 608
I've never been to Portugal, but due to the socialized safety net, most do well in Greece. They may not have as much cash for all the junk American's buy, but my Greek friends enjoy their lives, take long vacations and don't worry about having enough money for healthcare or retirement. Works for me - I don't need a McMansion or an SUV.
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