Overpriced Housing and Hollywood Woe
Chan invites discussion on why the movie industry seems to be in trouble with respect to theater attendance, but doing well with respect to DVD consumption. “Nobody has any money to take their families to the movies because it’s all tied up in paying for their overvalued homes” is the possibility that amused and intrigued me.
I’d never explicitly thought about it before, but why wouldn’t mortgages and rents that are, say, double what one might rationally expect or be able to afford have an impact on discretionary spending? It might not be huge, but hey, something to think about.
Go over, read the whole thing and chime in.
Posted by on 06/29 at 02:56 PM
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