crucialtaunt_IHB
New member
<p>I started this thread to share some anecdotal/empirical evidence of severely scaled down shopping plans for Christmas by some of my friends and colleagues. The theme appears to be "no presents for adults"...</p>
<p>Colleague #1: Upside-down on a townhome in South County bought in Dec. 2005 at the peak. Facing a short sale and cash crunch due to being over-extended by house payments that increased due to first ARM reset, and a huge property tax bill, decided to limit presents to their only child, and a couple of other kids in the extended family. No presents for adults.</p>
<p>Colleague #2: Normally frugal - decided to go cold turkey on presents. We'll see how she holds up. Also stated - no presents for adults.</p>
<p>Parent #1 at my child's pre-school: Also upside-down on a recent home purchase in Irvine (do not know for sure if there are any other financial issues). Said their family decided to limit to small presents to kids in the extended family, and have a traditional family dinner at home, instead of the expensive steakhouse they are used to going for the past several years. No presents for adults.</p>
<p>Parent #2 at my child's pre-school: Newer VOC residents. Look "overstretched" and sleep deprived. One small present for each one of their two kids. No presents for adults.</p>
<p>Colleague #1: Upside-down on a townhome in South County bought in Dec. 2005 at the peak. Facing a short sale and cash crunch due to being over-extended by house payments that increased due to first ARM reset, and a huge property tax bill, decided to limit presents to their only child, and a couple of other kids in the extended family. No presents for adults.</p>
<p>Colleague #2: Normally frugal - decided to go cold turkey on presents. We'll see how she holds up. Also stated - no presents for adults.</p>
<p>Parent #1 at my child's pre-school: Also upside-down on a recent home purchase in Irvine (do not know for sure if there are any other financial issues). Said their family decided to limit to small presents to kids in the extended family, and have a traditional family dinner at home, instead of the expensive steakhouse they are used to going for the past several years. No presents for adults.</p>
<p>Parent #2 at my child's pre-school: Newer VOC residents. Look "overstretched" and sleep deprived. One small present for each one of their two kids. No presents for adults.</p>