I think it will be good, considering there the concept of morale hazard has gone out the window, and being in debt or in the process of foreclosure is sooooo en vogue. Plus not having to pay for mortgage or keeping a renter’s rent while letting the banks take the house = having a lot of money to spending on more important things during the holiday season, like toys, gifts, and useless crap from stores like walmart 🙂
Meanwhile, my neighbor that is two years behind in property tax payments just picked up a 52″ Samsung LCD tv after purchasing a 42″ one same time last year…
Yup, good times are here again.
Btw: I’m spending more this year then last. Might as well, I deserve it more than some of my bailout colleagues…
