Comments on: The Subprime Market Affects Everything http://erstories.net/archives/389 ER Stories Real Life Tales from the Emergency Room Mon, 15 Mar 2010 14:22:50 +0000 http://wordpress.org/?v=2.3.1 By: Liposuction New York City http://erstories.net/archives/389#comment-3428 Liposuction New York City Wed, 23 Jul 2008 21:39:59 +0000 http://erstories.net/archives/389#comment-3428 <strong>Liposuction 101 - What is Liposcution?...</strong> ‘Thin is in’ – this is the principle by which the modern world defines beauty today. And as much as we lament the fact that we have to deprive ourselves of all our favorite food just to be beautiful, the standards won’t change – at least, not... Liposuction 101 - What is Liposcution?…

‘Thin is in’ – this is the principle by which the modern world defines beauty today. And as much as we lament the fact that we have to deprive ourselves of all our favorite food just to be beautiful, the standards won’t change – at least, not…

]]> By: GingerB http://erstories.net/archives/389#comment-2289 GingerB Thu, 12 Jun 2008 16:56:56 +0000 http://erstories.net/archives/389#comment-2289 People were probably financing their plastic surgery with home equity loans. With valuations flat or falling the well is running dry. I've read stories of banks canceling home equity credit lines on people as well. With gas up, the media painting a sad story and the house cash-register running out who can blame folks? People were probably financing their plastic surgery with home equity loans. With valuations flat or falling the well is running dry.

I’ve read stories of banks canceling home equity credit lines on people as well.

With gas up, the media painting a sad story and the house cash-register running out who can blame folks?

]]> By: TK http://erstories.net/archives/389#comment-2285 TK Thu, 12 Jun 2008 15:15:34 +0000 http://erstories.net/archives/389#comment-2285 Well, I have heard it from three relatively newly-minted plastic surgeons in my area that their business is way down. I was not aware that a LOT of cosmetic procedures are done on the middle class - not just the really rich. Of course those "recession-immune" rich (which also permeate my area) are still going to get things done - however they tend to go to very prominent and well-established surgeons, not the guy starting out. Well, I have heard it from three relatively newly-minted plastic surgeons in my area that their business is way down. I was not aware that a LOT of cosmetic procedures are done on the middle class - not just the really rich. Of course those “recession-immune” rich (which also permeate my area) are still going to get things done - however they tend to go to very prominent and well-established surgeons, not the guy starting out.

]]> By: Nurse K http://erstories.net/archives/389#comment-2284 Nurse K Thu, 12 Jun 2008 14:38:18 +0000 http://erstories.net/archives/389#comment-2284 Come on now. At the very least, foreclosures aren't exactly affecting the well-to-do to any significant degree. Rich folks all locked in low interest rates back in the day---it's those who couldn't have afforded a house were it not for ARMs and liberal lending who are affected. I like to look at foreclosures in my area, and 9 houses out of 10 in my city, for example, in foreclosure are in the "bad" neighborhoods, where those in the subprime market bought houses they could barely afford that are now in foreclosure. Maybe if the well-to-do were in real estate investment or if their businesses cater to those affected by the crisis, their net worths and/or profits have decreased, but Joe Schmo still has his 5.15% fixed-rate mortgage. Come on now. At the very least, foreclosures aren’t exactly affecting the well-to-do to any significant degree. Rich folks all locked in low interest rates back in the day—it’s those who couldn’t have afforded a house were it not for ARMs and liberal lending who are affected. I like to look at foreclosures in my area, and 9 houses out of 10 in my city, for example, in foreclosure are in the “bad” neighborhoods, where those in the subprime market bought houses they could barely afford that are now in foreclosure.

Maybe if the well-to-do were in real estate investment or if their businesses cater to those affected by the crisis, their net worths and/or profits have decreased, but Joe Schmo still has his 5.15% fixed-rate mortgage.

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