Tough Economic News

The Cowbell Falls Silent

I don't know how to break this to you, because you're mostly optimists and tend to rebel against this kind of hard reality, and also because you're drool-sputtering morons and I'm not sure how much you're really picking up when I'm not shaking a keyring in your faces.

But anyway.

The economy is in the dumper, folks.
Here's yer proof:

Aaron Spelling's Widow Moves To Condo, Reflecting Housing Downturn

Los Angeles, CA (AHN) -- The pending transfer of the widow of television producer Aaron Spelling to a condo unit from a mansion reflects the downturn of the American economy and the real estate market.[my emphasis. *jingle, jingle*]

Candy Spelling, when Aaron was still alive, lived with her husband for almost two decades in a 56,500-square foot French chateau-style mansion which had a wine-tasting room, bowling lanes and silver, china and gift-wrapping rooms. Aaron was the man behind hit TV series like "Charlie's Angels" and "Seventh Heaven."

Recently she bought a high-end condo unit for $47 million at The Century in Los Angeles, which has identified wealth with estate living, not a high-rise lifestyle. The 140-unit building is still under construction. Spelling will have two penthouse floors measuring 16,500 square feet, which boils down to $2,848 per square foot.

Devastating. Devastating.

Look; you and I know how to survive in such diminished splendor.

We know how to stretch every pound of Almas caviar, how to manage with just three race cars and one Rolls Royce Phantom Coupe, how to make that trip to Geneva work double-duty by visiting both Patek Philippe and Chopard.

But this pampered queenie is about to taste some bitter realities when she moves into her $47M hardtimes crib.

Maybe some of you tough ghetto dogs can dispense some advice in the comments here to help her survive and adjust to life in the gutter.

UPDATE: Commenter brian puts his finger squarely on the quivering point:

Waitasecond.

Someone actually wrote - for reals - that a pampered rich widow moving into a 47 million dollar condo...

IS EVIDENCE OF AN ECONOMIC DOWNTURN?

This is a record, folks. I think it's time to hit the Val-U-Rite before lunch today.

He's quite right, of course. It's a terrific Friday for to get blotto before lunch and abandon your post.

posted by Laura. at 10:33 AM

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