16 July 2002

Cry me a freakin’ river

Having already gone from boom to bust, many dot-commers are coming to something worse. Unable to make payments, they are selling luxury cars, canceling home renovations and returning jewelry by the box.

Indeed, unable to make payments, some former dot-commers, and others whose income swelled with the bubble and shrank when it burst, are selling Porsches and BMW’s on consignment. They are unloading second homes and canceling renovations.

New York Times

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