Christmas Bells Peal In The Middle Of the Foreclosure Season

Christmas bells peal in the middle of the foreclosure season as life goes on. People are learning to live with foreclosure, reo homes and recession by making changes. Instead of lamb they are opting for ham. The gifts are there – but only for the little ones and that too no more extra clothes but only toys. The holidays in sunny Caribbean islands have become history kept in abeyance hopefully for the future. The cold hard reality is the foreclosure related crisis of today.

This is a Yuletide of cutbacks and nobody is questioning anybody because all are in the same soup. The only talk and chatter is about foreclosures and recession. Nearly everybody is doing without something from churchgoers to shoppers. Meanwhile the soup kitchen lines are getting longer and longer.

The note that is prominent is that the people are determined to make the best of a bad job – make merry despite the gloom. One of them is Sharon Parker. Her mechanic husband has recently lost his job and so she is celebrating a Christmas dinner with her family of five and cutting out her role of a hostess to cousins and friends who usually join in. She did her own cooking instead of buying fancy stuff.

Engineering consultant O’Neill Hutchinson visited his family in England several weeks ago and thus avoided costly holiday fares.

This cutting back on expenses has badly affected the shops and stores. Chris Adams of Sherry-Lehmann Wine and Spirits located in Park Avenue said, “All the higher-end stuff is more likely to stay on the shelves.” He himself went to buy a gift for his wife to Saks Fifth Avenue but he shied away from the costly perfumes and bought some creams she might need everyday.

There has been usual sales season this year too. Some availed of concession trips to Las Vegas while others crammed their bags with bargain items being sold for half the price.

The Lombardo family has always tucked in to a traditional Italian banquet at Feast of the Seven Fishes. But with family business being pinched by the foreclosure crisis they too trimmed expenses. The adults (18) and grandchildren (7) ate the seven-course meal but the adults ate one lobster instead of two. Sofia Lombardo one of the daughters of the founders said, “We’re not getting a lot of businessmen taking their clients to lunch. They just have slices instead of chicken parmesan”.

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