From today’s New York Times story on the town of Mountain
View, House, Calif., which has the highest percentage of underwater mortgages in the nation:
He has cut his DVD buying from 50 a month to perhaps one, and is waiting until the Christmas sales to buy a high-definition television. He does not indulge much anymore in his hobbies of scuba diving and flying. “Best to wait for a better price, or do without,” Mr. Rogers, 52, said.
I’m sure there is real pain in Mountain House. Let’s just say this is not a compelling example of that pain.