Home Equity Cup of Coffee
Posted: Sat May 10, 2008 6:58 pm
I had my doubts about the doom and gloom surrounding our economy. After all if you are one of the 95% of Americans with a job and you don’t have an ARM on your home what has changed? Relax, have a cup of coffee and watch the stock market recover.
Ooops¦Starbucks thinks otherwise. “California and Florida account for 32 percent of Starbucks' U.S. retail revenues and 31 percent of its U.S. company-operated retail stores, and Starbucks pointed out in the release that those states have been particularly hard hit by a rough housing market. I know people routinely put their home at risk to pay for a new motorcycle, or a trip to Disney or even that much needed granite countertop, but a cup of coffee?
A Vendi, mocha, cappuccino, latte whatsamacallit is an expensive little enjoyment, but you need a home equity loan? Who knew?
quinnscommentary.com
Ooops¦Starbucks thinks otherwise. “California and Florida account for 32 percent of Starbucks' U.S. retail revenues and 31 percent of its U.S. company-operated retail stores, and Starbucks pointed out in the release that those states have been particularly hard hit by a rough housing market. I know people routinely put their home at risk to pay for a new motorcycle, or a trip to Disney or even that much needed granite countertop, but a cup of coffee?
A Vendi, mocha, cappuccino, latte whatsamacallit is an expensive little enjoyment, but you need a home equity loan? Who knew?
quinnscommentary.com
