Originally Posted by Cathe
I think we are just seeing a "correction" after 5 or 10 "boom" years. Many people and businesses overextended themselves for too long, and now things are going back to what the market can truly bear.
i've believed this for quite some time now. wondering when it would all end. i couldn't sleep at night if i spent $11k on a machine for a hobby (let alone more than $28k for a vehicle to transport me). but i've never really been extravagant, pretty much just bare bones. i guess we're seeing that it's a 'thank goodness' that more people aren't/haven't been like me!
but then again you still see things like people paying $80 for a Martha Stewart Heart Paper Punch (for scrapbooking) that originally sold for $15 at Michaels.
things that make you go hmmmmmmm . . . .