Monday, November 17, 2008
Discretionary Spending Cuts
You've got to love that image of *boat ownership*!
That comment was from a Calculated Risk blog post - Walking Away From ... Boats.
So what's getting whacked in this roaring bear market?
Boats, country club memberships, RVs, fancy motorcycles,....and just about any *expensive toy* you can think of. All of this has gotten plenty of play.
However, one victim I think flying under the radar will be private schools. Presumably everyone has a government school option that is *free* - well if one doesn't count their (and my) property taxes.
No one is going to pull their kid out of a fancy private school mid-year. More likely, this reverberation will be felt in September '09.