Monday, May 19, 2008

The Rich Still Are

I went for a bike ride last night - as I typically do. Riding down my street near downtown Fort Lauderdale I find nearly every other house with a sign that either says "For Sale", "For Rent" or Foreclosed". Meanwhile 3 miles later I'm enjoying a moonlit ride on the beach. Here I find many more homes with signs - only these are construction company signs. In this neighborhood, massive structures are all either being remodeled, or completely torn down to make room for a bigger ones. I guess a "housing slump" or "economic slowdown" only applies to those who were already challenged.

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