Saturday, August 16, 2014

Economy

I guess Christina's $1.5 million house in Hollywood Hills is considered middle class because it hasn't appreciated.
"L.A. Times reports the Addams Family Values star originally listed the two bedroom home for $1.695 million at the start of the year, but has now been re-listed for $1.549 million.
In the coveted Los Feliz area of Hollywood Hills, the house does not try to compete in size with many of the mansions around it, but instead offers plenty of charm instead.
Used largely by the child star as an investment property - Christina paid just over $1.5 million for it in 2005 and promptly leased it out - the house has been impeccably decorated. "
Apparently only the mansions are appreciating.

77 million Americans have debt in collections.

Soros makes big hedge against S&P drop.

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