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Do you think most consumers learned their lesson
Posted on 10/7/11 at 8:00 am
Posted on 10/7/11 at 8:00 am
from the recent spend freely era to where we are now?
Talking about that with my husband the other day. I said you don't see as many shows about total opulence (Cribs, Sweet 16, that vh1 show about how it's good to be a celebrity, etc) that you did at that time. Not that that's the total telling of where we are now, but it's a difference in entertainment at least.
Talking about that with my husband the other day. I said you don't see as many shows about total opulence (Cribs, Sweet 16, that vh1 show about how it's good to be a celebrity, etc) that you did at that time. Not that that's the total telling of where we are now, but it's a difference in entertainment at least.
4
Posted on 10/7/11 at 8:01 am to TexasTiger05
No. As a whole, people is dum.
Posted on 10/7/11 at 8:04 am to TexasTiger05
The answer to your question is temporarily. For the most part, people are more conservative now, but once the economy rebounds, they'll be back to their old spending habits.
Posted on 10/7/11 at 8:05 am to TexasTiger05
i don't think so
our spend now, pay for it later, die with debt culture is gonna be our downfall
they can say what they want, but this is the reason why we're in a double dip recession
our spend now, pay for it later, die with debt culture is gonna be our downfall
they can say what they want, but this is the reason why we're in a double dip recession
Posted on 10/7/11 at 8:14 am to Flair Chops
a former poster on here said he blamed the home renovation shows for a lot of the trouble. Imo he had a great point.
I'm a pretty conservative shopper, all about a sale, but I'd get carried away by watching them and tried talking my husband into doing all kinds of stuff.
I'm a pretty conservative shopper, all about a sale, but I'd get carried away by watching them and tried talking my husband into doing all kinds of stuff.
Posted on 10/7/11 at 8:32 am to TexasTiger05
quote:
a former poster on here said he blamed the home renovation shows for a lot of the trouble. Imo he had a great point.
I don't want to say it didn't help the snowball keep rolling down hill, but shows like that are more a reflection of events than a causation of events.
Posted on 10/7/11 at 8:35 am to TigerinATL
A few people learned but most didn't. We needed a full blown recession to motivate people.
Posted on 10/7/11 at 9:29 am to TexasHog22
quote:
A few people learned but most didn't. We needed a full blown recession to motivate people.
Yep. People still have no concept of money mgmt as a whole. Of course the ones that went upside down on their mortgage and/or went bankrupt had to curb there spending, but I'm not sure the lesson has been learned by most people.
When I see how many "toys" apples has sold over the last two years in the U.S., I just don't get a good feeling about things.
Posted on 10/9/11 at 9:27 pm to TexasTiger05
The Equity line of credit was one of the worst financial products this country has ever produced. It served as a cash register for home owners. It worked until it didn't.
When I first learned that banks were extending credit past 100% ltv, I knew we were doomed.
When I first learned that banks were extending credit past 100% ltv, I knew we were doomed.
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