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.


Anonymous said...

don't even get me started on how expensive (sp? - long weekend) boats are! If you weren't too much of a pansy to join facebook, you could see the Catalina 27 that is bleeding me to death, drip-by-drip. Brutal.

CaptiousNut said...


You're a boat person?

Tell me, why does your tribe always *wave* at each other on the water?

My wife and I call them, "boatwavers". Even in NYC otherwise rude MFs are unfailing with this pleasantry.

You could email me the pic anyway. Technology is powerful these days.

Funny Circus Bears said...

Most motorcyclist (except hog riders) wave too. I've ridden all my life and never waved.

Anonymous said...

I've already know of a couple private church schools that are hurting. Like you said expect more pain next year. Yehaw for homeschooling.