Can’t use your house as an ATM this Christmas?

[Coronita]

I'm curious how the housing market will affect holiday spending, as the equity lines dry up and people can't tap their HELOCS to fund their holiday spending extraveganzas?

 

 

You don't have to worry about this. I'm sure the average american consumer will find new and more creative ways to spend money that they don't have, or at least re-leverage existing means of spending money they don't have. Afterall, why live in poverty when you can live in debt? No HELOC to tap, no problem max out a few more CC. CC maxed out, borrow against the 401k. Apply for more CC's.

 

 

What you need to worry about is what the retailers are doing this year. Actually, I think they are anticipating weaker spending. Anyone else notice that Black friday events are starting earlier this year? Also, a lot of high end retailers are giving unusual discounts. For example, Gucci is offering 10% discounts of purchases (never done before). Of course, spending $1000-$3000 on a purse is an interesting concept it itself.

 

 

[Coronita]

The malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.

But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it's the "I deserve to have it now" attitude!

 

You know, I've always been curious. How much does the average consumer spend on the winter holidays (to be politically correct)?

[Coronita]

The malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.

But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it's the "I deserve to have it now" attitude!

 

You know, I've always been curious. How much does the average consumer spend on the winter holidays (to be politically correct)?

[Coronita]

The malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.

But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it's the "I deserve to have it now" attitude!

 

You know, I've always been curious. How much does the average consumer spend on the winter holidays (to be politically correct)?

[Coronita]

The malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.

But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it's the "I deserve to have it now" attitude!

 

You know, I've always been curious. How much does the average consumer spend on the winter holidays (to be politically correct)?

[Coronita]

The malls are packed and people seem to be on a buying binge even now. If not the HELOCs I am sure the credit cards are being maxed out. Or perhaps they are spending every last penny they make.

But in any case, running up ridiculous amounts of debt and then crying for a handout seems to be the American way. People are just spoiled these days, it's the "I deserve to have it now" attitude!

 

You know, I've always been curious. How much does the average consumer spend on the winter holidays (to be politically correct)?

[Fearful]

I met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.

[Fearful]

I met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.

[Fearful]

I met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.

[Fearful]

I met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.

[Fearful]

I met socially with a nice lady who is in the clothing business. She says that early indications are this is a really bad retail season. The demand is just not there.

[Author]

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