I was speaking to a friend of mine the other day who is a very prominent plastic surgeon in Southern CA. He told me he was worried because his business is down over 25% so far this year. He also said most of his competitors are down a whopping 75%.
I asked why…already knowing the answer. He said the obvious…people’s inability to finance their makeovers with equity lines from their homes.
And he doesn’t own a home in El Cajon my friends, and neither does his buddies. Can anyone say La Jolla and Rancho Sante Fe your next….
I have another friend who manages a very prestigious health club in SoCal. They are losing people by the droves…….
This will hit the WHOLE economy and if you think otherwise just follow the dots from the equity lines to where all that money has gone to over the last 6 years…..
People were not buying these items and services because they recieved a 25% YOY pay raise at their job…..they were using CC’s and Equity Lines…..and now the Piper has showed up……and no one can pay…..
This is horrible, karma has now struck because I wished for a housing correction unaware what the consequences would be. I don’t want to live in an unaugmented world.
This is horrible, karma has now struck because I wished for a housing correction unaware what the consequences would be. I don’t want to live in an unaugmented world.
This is horrible, karma has now struck because I wished for a housing correction unaware what the consequences would be. I don’t want to live in an unaugmented world.
This is horrible, karma has now struck because I wished for a housing correction unaware what the consequences would be. I don’t want to live in an unaugmented world.
