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- This Housing Mess is Getting Ugly and Your Face Shows it. Unintended Consequences of Lost Home Equity.
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A reader sent in a fascinating story from the L.A. Times (hat tip Exit) discussing the impact of the housing market on plastic surgery. If you’ve noticed recently that people are looking less like Hollywood stars and more like average folks, you can blame it on the disappearing equity. Here in Southern California in places like Los Angeles and Orange County, plastic surgery is as common as dying your hair a new shade of blonde. As much as the government wants people to keep spending, they have no idea where people will put their money. Not only were people adding granite countertops to their kitchen but also placing a few headlights on their body:
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Original Source: feeds.feedburner.com/DrHousingBubble-HowILearnedToLoveSocal
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5 April, 2008| housingblogs |
@ 19:40