Racing in general is down and a lot of people are defaulting on their
morgages as their home values plummet.
The number of foreclosures in the Phoenix Valley area is up more than 10
times over just 1 year ago.
Reference: Saturday April 14, 2007 "The Arizona Republic".
Chuck
From: Gene Bennett <[EMAIL PROTECTED]>
Reply-To: [email protected]
To: [email protected]
Subject: [F500] Numbers decrease
Date: Sun, 15 Apr 2007 13:24:01 -0700
It scares me too, and I don't yet have a National ticket. But I think I
have some idea of why the numbers in this class have fallen so much more
precipitously than some other classes. F500 is truly (no offense meant, so
if you take some keep it to yourself) a bottom feeders class. By that I
mean that, due to the low cost of competing, many of the competitors are
very budget limited. If the cost of racing goes up 10%, a much larger
proportion of F500 drivers will drop out or reduce race entries compared
to, say, FA drivers. I know that's very true in my case; after a long
"discussion" with Medicare and my health insurance company, we now owe a 4
digit balance for some physical therapy my wife needed. Due to that
unexpected expense, I have scaled back my planned season and will not be
able to get my National in time to add to our numbers this season. I WILL
have a National going into next season (unless the car breaks
catastrophically), so if we manage to make it through this season, I'll add
my participation. If we don't, well, I'll just race Regional and continue
to flag the Nationals.
Gene near Seattle
On Apr 15, 2007, at 6:50 AM, Jay Novak wrote:
It just scares me to see
our National entry numbers drop by about 60% from 5 years ago to last year
&
now down another 20% this year. For the life of me I can't see why our
numbers have fallen so quickly.
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