{"id":4829,"date":"2008-09-20T20:25:24","date_gmt":"2008-09-21T03:45:12","guid":{"rendered":"http:\/\/www.amptoons.com\/blog\/archives\/2008\/09\/20\/did-i-say-the-rich-wouldnt-pay-a-price\/"},"modified":"2008-09-20T20:25:24","modified_gmt":"2008-09-21T03:45:12","slug":"did-i-say-the-rich-wouldnt-pay-a-price","status":"publish","type":"post","link":"https:\/\/amptoons.com\/blog\/?p=4829","title":{"rendered":"Did I Say The Rich Wouldn&#039;t Pay a Price?"},"content":{"rendered":"<p><a href=\"https:\/\/amptoons.com\/blog\/wp-content\/uploads\/2008\/09\/tiny.jpg\" title=\"tiny.jpg\"><\/a>Well, do I ever stand corrected. They\u2019re paying a terrible price. <em><a target=\"_blank\" href=\"http:\/\/abcnews.go.com\/print?id=5844658\">Terrible<\/a><\/em>:<\/p>\n<blockquote><p>\u201cA lot of those people will have to sell their homes, they\u2019re going to cut back on the private jets and the vacations. They may even have to take their kids out of private school,\u201d said Frank. \u201cIt\u2019s a total reworking of their lifestyle.\u201d<\/p>\n<p>He added that it\u2019s going to be no easy task.<\/p>\n<p>\u201cIt\u2019s going to be very hard psychologically for these people,\u201d Frank said. \u201cI talked to one guy who had to give up his private jet recently. And he said of all the trials in his life, giving that up was the hardest thing he\u2019s ever done.\u201d<\/p><\/blockquote>\n<p>Oh! Who will weep for the man who now must fly <em>first class<\/em>, like some\u2026some <em>commoner<\/em>!<\/p>\n<p>But it gets worse for the plutocrats:<\/p>\n<blockquote><p>And the city\u2019s leading real estate broker, Kathy Sloane, says the worst is yet to come for New York real estate. Some say it\u2019s too soon to know but she estimates the value of a $5 million apartment has already dropped almost a million dollars in value, with no end in sight.<\/p>\n<p>\u201cBecause a month from now, that same $5 million apartment may be lucky to achieve $3.5 million,\u201d Sloane said.<\/p><\/blockquote>\n<p>The humanity! <em>The humanity!<\/em><\/p>\n<p>(<a target=\"_blank\" href=\"http:\/\/www.motherjones.com\/kevin-drum\/2008\/09\/bailout_reax.html\">Via<\/a>.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, do I ever stand corrected. They\u2019re paying a terrible price. Terrible: \u201cA lot of those people will have to sell their homes, they\u2019re going to cut back on the private jets and the vacations. They may even have to &hellip; <a href=\"https:\/\/amptoons.com\/blog\/?p=4829\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4829","post","type-post","status-publish","format-standard","hentry","category-economics-and-the-like"],"_links":{"self":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4829"}],"version-history":[{"count":0,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4829\/revisions"}],"wp:attachment":[{"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amptoons.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}