At the end of 2008, the American Dialect Society selected its 19th annual word of the year. It’s “bailout.” Whatever the word may mean to you, bailout in this case refers to the government’s rescue of companies on the brink of failure, including large players in the banking industry. Whether such a choice is prophetic, pathetic, or just plain rhetoric, one thing is clear: As individuals taking each day as it comes, we still have ourselves to take care of. We have little everyday control over the government or big business; we have our shopping lists, our to dos at work, taking care of our health, our families, our homes. We have our own little budgets to worry about, and how we will make or break them again next month, the month after that. Bailouts or no.
If you haven’t seen Lane Hornung’s post on what today’s economic climate means to the Boulder real estate market, treat yourself to his entry Boulder Luxury Home Market: Fall Out From the Bailout, right here at HighRGround.
