Buying and Selling Within the Affluen...

Buying and Selling Within the Affluent Market Segment: Has it Changed in Today's Economy?

There are 21 comments on the www.prnewswire.com story from Sep 23, 2008, titled Buying and Selling Within the Affluent Market Segment: Has it Changed in Today's Economy?. In it, www.prnewswire.com reports that:

TAMPA, Fla., Sept. 23 /PRNewswire/ -- Whether the economy is booming or braking, affluent homeowners still spend on home improvement, fine dining, personal improvement and entertainment, according to RSVP ...

Join the discussion below, or Read more at www.prnewswire.com.

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How interesting

Houston, TX

#2 Sep 23, 2008
I agree that this $700B buyout is a bad situation, but it is the best solution for this problem.

The "affluent" are not the only ones who caused the issues we have now. Many people from all financial levels bought over-priced (for their income) homes with too good to be true mortgage options. The foreclosure rates are skyrocketing, but not just for the affluent. I somewhat blame the Realtors and mortgage lenders who were looking at fast profits instead of long term effects. Many home buyers are overwhelmed by the contracts and just jump in. I don't approve of that, but that is the case in many of these foreclosures. They trusted the experts who were looking out after their own best interests. I still live by the saying "buyer beware", though.

I'm happy with my 5.25% interest rate, 15 year fixed loan for my property/home that is currently appraised $130,000 more than when I purchased it in 2001. I'm in Houston, where the crazy increases did not occur, so we are currently not feeling the impact like California, Arizona, and Florida.

I admire people who work hard, make smart decisions and make their own success. I do not see any reason to burden the "affluent" just because they have more money than the rest of us. It's way too socialist a thought process.

I do believe we should help one another, but not in an enabling fashion. Success can be taught, laziness is forever.

I don't believe that financially successful people owe a duty to pay for those who, for whatever reason, are unhappy with their income and living conditions. Opportunity is out there for all of us, don't wait with your hand out, do something for yourself. In the long run you will feel better.
Rochesterian wrote:
This story demonstrates sound reason why the $700Billion bailout should be paid solely by the "affluent" through a enactment of tax increase laws whereby America's "affluent" return to the Kennedy-era tax rate of 70%.
How interesting

Houston, TX

#4 Sep 23, 2008
I don't know what country you think you live in, but it's not America. We can all achieve whatever it is we have the ability and tenacity to achieve.

I absolutely disagree with your socialist way of thinking and will not waste another moment of my time debating about it with you and your tunnel vision.
Rochesterian wrote:
Fact is, the only people who can remotely afford to pay this $700Billion bail-out are the "affluent." The lower and middle income folks you refer to as "unhappy" are already in dire straits.
Congress will not allow this bail-out absent a substantial tax increase on those who have the upper-level income to foot the bill.
Get off your high horse. Our Constitution entitles no one to "affluence." Whether you like it or not, taxes on wealthier Americans will return to pre-Reagan levels of 70%.
Consumer Demographic Fan

Vancouver, WA

#7 Sep 23, 2008
I think there is no doubt that the economy is distressed. With that said, the fundamental trend is toward an hour glassed demographic (faster growing youth and seniors market) and toward more affluence: http://www.crmtrends.com/ConsumerDemographics...
How interesting

Houston, TX

#9 Sep 24, 2008
The "we" I speak of our honest, hard working American's. You think everyone is dishonest because YOU are. You claim to want to debate, but you are really looking for a way to cut and paste your tired old arguments once again. Maybe retiring after 60 months as a lawyer is not a great idea if you are that strapped for money???

Also, I won't navigate to a web page you supply after the last one turned out to be a Nazi propaganda web site.

Shame on you.
Rochesterian wrote:
<quoted text>
Sure, problem is, the "we" you speak of have commited accounting fraud, insider trading, and failure to disclose the value of mortgage-related securities and other investments.
FBI Investigating Companies at Heart of Meltdown
http://news.yahoo.com/s/ap/20080924/ap_on_go_...
How interesting

Houston, TX

#10 Sep 24, 2008
wait for it..........wait for it.........wait for it.......cut and paste......Global Warming.

Exactly as I predicted, which, it will turn out, is much more accurate than your end of the world theories that are so OLD. Maybe you should get a sign and parade up and down the boat dock in tattered clothing with a tin cup for handouts. Yogi can be your monkey.
Rochesterian wrote:
<quoted text>
I read your link.
I'm afraid you left-out one silly little factor: ABRUPT CLIMATE CHANGE.
Perhaps you should read the following dire long-term economic projections:
Scientific Assessment of the Effects of Global Change on the United States
http://www.climatescience.gov/Library/scienti...
When you read the above White House Report, you will suddenly realize your hopes of a future filled with affluence is in your dreams.
How interesting

Houston, TX

#12 Sep 24, 2008
Sorry - I'm financially solvent,good job, money in the bank, 401K, IRA,company stock holder, 2003 pick up truck (almost paid off - bought it used a couple of years ago), and a nice little nest egg of equity (and it will continue to increase exponetially) in my home/property that has never had a late payment. Just because you don't pay your bills does not translate that I don't pay mine.

You can point your little finger all you want. You have been, and will continue to be wrong on all counts.
Rochesterian wrote:
<quoted text>
Think Climate Change has no effect on the economy and in the future?
Here's a little suggestion, read the pasted White House Report.
BTW, the boat is sold. No need of a "tin-cup" on my side of the equation. While you were expending all your money/resourses on over-priced houses and cars, we were saving ours by living on the boat.
At present, the "tin-cups" are held by the likes of people like you in foreclosure, etc., We laugh at the sellers repeated begging "all we want is some of our equity back."
Don't you love capitalism? I do.
How interesting

Houston, TX

#16 Sep 24, 2008
I am not supplying your name. In sum, no one knows who you are unless your husband outs you again.
Yogi Bear wrote:
<quoted text>
I was not on this thread at all. Yet how interesting personally attacked me by going off topic to the below Topix warning that is being applied only to the person with autism in violation of the Americans With Disabilitiles Act and the First Amendment, but not to those like how interesting who are now being facilitated and posts affirmatively selected by Topix to personally attack, distort, lie, and defame me with malice.
"This is a warning from the Topix moderators. Failure to comply with the Topix Terms of Service will result in your forum posts being removed from the system, and a ban on future posting.(click here to acknowledge this warning)
keep your posts on topic and not about other users or you will be removed."
WHY IS THE WARNING NOT BEING APPLIED TO HOW INTERESTING? AND WHY ARE HOW INTERESTING'S POSTS OFF TOPIC THAT PERSONALLY ATTACK ME NOT BEING REMOVED?
HERE'S WHY: IT IS A DOUBLE STANDARD OF DOFFERENTIAL DISCRIMINATORY TREATMENT PREDICTED ON TARGETING MY AUTISM.
How interesting

Houston, TX

#19 Sep 24, 2008
Nice to meet you.
Yogi Bear wrote:
<quoted text>
I never asked you to supply my name, which you have now admitted you already know. Moreover, your legal advice you gave me before that I have to ask to have you supply my name is wring, as well as Unlicensed Practice of Law.
But once again to spare your taunts, here is my name, which I am not afraid of:
Mary Katherine Day-Petrano
Now, please immediately post your real true name pursuant to 47 U.S.C. Sec. 223 cyberstalking provisions.
Because your continuing anonymity by violating that federal law is simultanously a violation of the TOS.

“Still no change?”

Since: Sep 08

Tampa, FL

#20 Sep 26, 2008
This is some funny funny stuff!
Thank god I'm in a business that serves a more affluent market. I'm able to keep and pay my employees so they can buy cars and make mortgage payments.
How interesting

Houston, TX

#22 Sep 26, 2008
It is quite a nice diversion from "reality" for a short while, but I'm getting overwhelmingly bored with it rapidly. Especially since we are going into the "re-runs". Global warming........conspiracy..... sue everyone in sight..tax the rich...blah blah blah. It's Friday, I'm going to be doing volunteer work for the elderly and DISABLED this weekend with an Hurricane Ike relief clean up project, ride my horse, and soak up the Texas sunshine. Just about perfect!

I wonder how much money "Roch" has in his hands from the sale of his 80 year old, run down, leaky boat? Does he have to disclose to the buyer that there was once toxic Mac&Cheese on board? Do I care? Eh.....no. Strike that.

Your employees and the economy they support around them are lucky to have you. Have a great weekend in the "real" world!
H Akston wrote:
This is some funny funny stuff!
Thank god I'm in a business that serves a more affluent market. I'm able to keep and pay my employees so they can buy cars and make mortgage payments.
How interesting

Houston, TX

#25 Sep 26, 2008
He posts with measure, facts and believability. There is nothing pompous or boastful, just facts.

Maybe in the future you should stick to that type of standard in your posts and you won't catch all the flak you currently do. Stop the name calling and outlandish conspiracy theory scenarios. Don't hate people who have more money than you do. Sure, some people come by it in a illegal way, but MOST people work hard, make good decisions, deal the with the headaches of owning businesses, and are allowed to reap their rewards.

They do not have to take what they worked for and help those who have the ability to be successful, but choose to do otherwise.

Some of your posts (even though I don't agree on them) make me stop and think about your side and way of thinking, but then you add in the insults and the crazy ideas you have for making the world right and it all goes out the door.

I think you would be a much calmer and happier individual if you at least tried to do that, but I've found that people who are so entrenched in their belief they have been wronged like the place they are at. I hope that is not you.
Rochesterian wrote:
<quoted text>
Rejected. You do not provide the who/what/when/where/how to prove-up the bull-#hit you brag about. Therefore, you are nothing but a lying blow-heart.
How interesting

Houston, TX

#27 Sep 26, 2008
I choose not to register. Also, this is a PUBLIC forum, I do not know Akston, nor he me. Why do you always believe there is a conspiracy against you if two separate people disagree with you? If have yet to see someone agree with you, unless you count the times where you and Yogi post under other names pretending to unite.

Although I don't know Akston, I am guessing he probably does not care if you believe him or not. The bigger question is, why do you and the Mrs. get all riled up because we don't believe any of your or the Mrs claims?

Just accept it and go on. It will be easier.
Rochesterian wrote:
<quoted text>
You have chosen to not register, thus, you are likely a part of Akston's inner psychosis, since everything he says is replied to you by a yup, yup, yup, yup ...
Akston's claims of owning a successful business unaffected by the current economic down-turn are nothing but horse-pucky, in that he does not provide the who/what/when/why/where/how of his imaginary "business."
How interesting

Houston, TX

#29 Sep 26, 2008
Wrong again. I don't care what you believe. Really I don't.

“Still no change?”

Since: Sep 08

Tampa, FL

#30 Sep 26, 2008
is there an address I can send my financial statements to so you can believe me? Maybe if I gave you my DUNS, Fed. Contracting number, Tax Id? How about if I just invite you over to the house and we'll have a cup of coffee while I try to prove myself to you? Because it's THAT important that you accept me. Twit.
How interesting

Houston, TX

#32 Sep 26, 2008
What kind of person finds joy in others trouble? What a pitiful little man you are.
Rochesterian wrote:
<quoted text>
No, a simple business name such as "Akston's psychotic delusions" will suffice.
Back to the topic at hand, I'm loving the chaos realted to the bank failures and the bail-out BS.
WITH CHAOS COMES OPPORTUNITY!!!!!
I'm having the time of my life acquiring anything/everything I want a nickle-on-the-dollar, from losers who took your advice months ago when you suggested the economy was "fine" and I should "go to the mall."
PLEASE keep on with the "Uncle Reagan, tell us it's gonna be O.K." take on things. The effect of your ongoing BS flicks my bic in a good way. Twot.

“Still no change?”

Since: Sep 08

Tampa, FL

#34 Sep 26, 2008
How interesting wrote:
What kind of person finds joy in others trouble? What a pitiful little man you are.
<quoted text>
It brings to mind the farm failures. Where local farmers wouldn't bid on their neighbors farms but POS scumbags would rush in and buy these peoples lives.
I'm sure this POS LOVED that.
What's odd is I haven't seen the rampant failures of "horse farms" to the point of "pennies on the dollar" He is again, a liar.
How interesting

Houston, TX

#35 Sep 26, 2008
Wrong again.
Rochesterian wrote:
<quoted text>
Your prior posts reveal you found much joy in my prior misfortune of living on a leaky sailboat.
During my respective period of time on the "leaky boat", the Mrs. and I merely saved penies and crumbs on the very high liklihood the real estate bubble would burst.
In 2005-06, as a horse border w/o acreage of my own, I repeatedly witnessed high-rolling borders at the occasional barbecues brag about their huge home appreciation as they revealed how they fudged their income level in their respective mortgage apps. I'm inclined to believe you are one of those pitiful people.
DON'T YOU LOVE NAKED CAPITALISM? I do.

“Still no change?”

Since: Sep 08

Clearwater, FL

#40 Sep 29, 2008
more interesting wrote:
<quoted text>
Thank you for your wish list. Maybe you haven't noticed, it is not Christmas, and there is no Santa Claus. And if there is, you would certainly get lumps of coal in your stocking. Why would we ever "accept" your lies, distortions, and defamation? Or move on?
I think it would be more interesting to see how you would like to explain yourself in court. To a jury of parents of disabled adults. I would love to see the odds whether you would: whine, cry, babble, remain in denial, lack empathy, pathologically lie, or point fingers. One thing for sure, you wouldn't be bringing in no Habitat for Humanity-esq pics of those houses you claim to be re-building in Houston post-Ike.
~signed,
more interesting
Odd... I don't find you interesting at all?

“Still no change?”

Since: Sep 08

Clearwater, FL

#41 Sep 29, 2008
more interesting wrote:
<quoted text>
I'm more interested in hearing how you worked-up the cat pic. Did you do some computer brushup or what? Airbrush in some human eyes on that cat? Remove the redeye? No cat looks like that.
at least one does?
Oh and welcome to the topic. Maybe next time show up with some input that is related to the story???
Thrifty

Steubenville, OH

#45 Jul 10, 2009
It definitely helps to have a mentor. Working hard is only one component of wealth.

www.personalcarecatalog.com

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