Mother of tdaxp has long insisted that the Great Depression worked a great deed that is often not appreciated: it broke up many of the landed estates that had developed by the 1930s, making land cheap and allowing a new generation of farmers to till the land.Â Thus, one of the effects of the Dust Bowl in the 1930s American midwest was a great transfer of wealth from the richer to the poorer.
We’re seeing some of the same dynamics as a result of the Subprime Crisis, and two friends of tdaxp are cashing in!
Now employed at a leading logistics firm, they recently purchased a house.Â I took greta pleasure in helping them mow and fertilize their yard, and we took a trip to Pier 1 to buy a chair to help furnish the main room.Â The house is all-together beautiful, though it stood empty for a year.
We brought some food and a dining set as a housewarming gift.Â No longer apartment-bound, they gave us a very nice low-table that been been gifted around our circle of friends.
Still, a house is not all fun and games.Â The recent hailstorm killed a number of plants, and as like a shotgun to some of the shutters.Â A lot of work lays ahead.
To end the day we ate Mongolian and (American) Chinese food, topped off Tsingtao Beer and Mountain Dew.