MB or anyone: Any evidence yet that the evaporation of several trillion dollars of wealth has affected spending, land values, credit status, bankruptcies, foreclosures, etc, especially in California? Statistical or anecdotal?
For example, I have a brother-in-law who is one of the best bicylists (for his age) in the country, and he networks with other cyclists. One guy he knows, a cyclist who lives in Seattle, was talking yachts, second and third homes, expensive cars, etc a year ago and now is talking high six-figure losses and working very hard to make money. |
