What is wealth?

[4plexowner]

“I have noticed an abundance of trophy wives on the open market and it’s kinda fun to see them frustrated with the lack of takers”

are you suggesting that the value of a vapid smile and fake tits has gone down with the real estate market and economy?

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[EconProf]

One of the benefits of the Great Recession we are in is the cleansing effect it is having on the excesses of the bubble years. Looking back, it was pretty crazy and unsustainable. The sobering up period we are now in is cathartic in that it is forcing introspection on a lot of folks who needed it.
I notice that the national savings rate is up even as incomes are falling. That means people are saving more of a reduced income, which takes self-discipline.

[davelj]

[quote=temeculaguy]these were pre-bubble buyers who refied their lifestyle. [/quote]

I like that: “refied their lifestyle.” Has a nice ring to it.

[davelj]

[quote=temeculaguy]these were pre-bubble buyers who refied their lifestyle. [/quote]

I like that: “refied their lifestyle.” Has a nice ring to it.

[davelj]

[quote=temeculaguy]these were pre-bubble buyers who refied their lifestyle. [/quote]

I like that: “refied their lifestyle.” Has a nice ring to it.

[davelj]

[quote=temeculaguy]these were pre-bubble buyers who refied their lifestyle. [/quote]

I like that: “refied their lifestyle.” Has a nice ring to it.

[davelj]

[quote=temeculaguy]these were pre-bubble buyers who refied their lifestyle. [/quote]

I like that: “refied their lifestyle.” Has a nice ring to it.

[davelj]

[quote=4plexowner]”I have noticed an abundance of trophy wives on the open market and it’s kinda fun to see them frustrated with the lack of takers”

are you suggesting that the value of a vapid smile and fake tits has gone down with the real estate market and economy?[/quote]

The value of the vast majority of tangible assets has gone down with the real estate market and economy. And seeing as the smiles and tits crowd (to use your words) *tends* to (unintentionally) seek out leveraged financial lifestyles… it follows logically that this crowd has fallen on hard times. [Although semantically, I prefer “enhanced” to “fake.” But that’s just me.]

[davelj]

[quote=4plexowner]”I have noticed an abundance of trophy wives on the open market and it’s kinda fun to see them frustrated with the lack of takers”

are you suggesting that the value of a vapid smile and fake tits has gone down with the real estate market and economy?[/quote]

The value of the vast majority of tangible assets has gone down with the real estate market and economy. And seeing as the smiles and tits crowd (to use your words) *tends* to (unintentionally) seek out leveraged financial lifestyles… it follows logically that this crowd has fallen on hard times. [Although semantically, I prefer “enhanced” to “fake.” But that’s just me.]

[davelj]

[quote=4plexowner]”I have noticed an abundance of trophy wives on the open market and it’s kinda fun to see them frustrated with the lack of takers”

are you suggesting that the value of a vapid smile and fake tits has gone down with the real estate market and economy?[/quote]

The value of the vast majority of tangible assets has gone down with the real estate market and economy. And seeing as the smiles and tits crowd (to use your words) *tends* to (unintentionally) seek out leveraged financial lifestyles… it follows logically that this crowd has fallen on hard times. [Although semantically, I prefer “enhanced” to “fake.” But that’s just me.]

[davelj]

[quote=4plexowner]”I have noticed an abundance of trophy wives on the open market and it’s kinda fun to see them frustrated with the lack of takers”

are you suggesting that the value of a vapid smile and fake tits has gone down with the real estate market and economy?[/quote]

The value of the vast majority of tangible assets has gone down with the real estate market and economy. And seeing as the smiles and tits crowd (to use your words) *tends* to (unintentionally) seek out leveraged financial lifestyles… it follows logically that this crowd has fallen on hard times. [Although semantically, I prefer “enhanced” to “fake.” But that’s just me.]

[Author]

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