Personally, I've decided the default notices rate don't mean a thing.
"Default notices drop in October." Bulletin, 11/4/11.
It's in the banks interest to keep the current 'owners' in the sweatbox as long as they can, to wring that last ounce of moisture out of their poor desiccated bodies. Besides, that way, the banks can escape liability for the property taxes.
Any time they want them, they can get them.
I think that's all that's happening.
I can sort of tell when another blog is scraping for fodder. Takes one to know one, you know?
Anyway, there is a story over on The Beat that correlates the number of young men living in their parents basement with the strength of the entertainment industry:
"Almost one in five men between the ages of 25 to 34 are living with their parents, according to a Census Bureau report released Thursday."
59 percent of men and 50 percent of women ages 18-24 still live at home.
As well as being somewhat insulting:
We’re not saying that all comics are purchased by nerds who live in their moms’ basements. We’re just saying that a lot of people are living in their moms’ basements. Of course, they may not have the most discretionary income in the world, either. Either way, a lack of upward mobility can be a powerful influence towards escaping into a fantasy world.
All this seems pretty dubious evidence of anything but a bad economy and coddling parents.
Of course, me talking about it is probably just doubling down on the doubtful fodder scraping.
According to my math (talk about dubious!) roughly 40% of the downtown retail and restuarant spaces have folded in the last 3 years, since I started my Comings and Goings list.
Of course, even more stores have come in to take their place.
Nevertheless, 40% in 3 years.
From my perspective, it seems like hardly anyone really makes it over the long run in small business. I mean, I know that can't be right, but the more years that pass, the less long lived businesses I see.
Creative destruction, indeed.
I mean, it must benefit the economy somehow, right? Is being in business 5 years enough to be a net plus? 3 years? 1 year?
Hard to figure.
"I've been giving the store everything It wants this year," I said to Linda.
She laughs. "You make it sound like it's a very demanding person."
"No. It's the Great God Pegasus, to Whom all Glorious Sacrifice Must be Made."
2 days ago