{"id":23130,"date":"2010-11-26T20:20:43","date_gmt":"2010-11-26T20:20:43","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/one_familys_fall_from_affluence_is_swift_and_hard\/"},"modified":"2010-11-26T20:20:43","modified_gmt":"2010-11-26T20:20:43","slug":"one_familys_fall_from_affluence_is_swift_and_hard","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=23130","title":{"rendered":"One Family\u2019s Fall From Affluence Is Swift and Hard"},"content":{"rendered":"<p>[This]&#8230; luxurious world was fueled by a check Mr. Martin received in 1998 for $14 million, his share of the $600 million sale of Martin Media, an outdoor advertising business begun by his father in California in the 1950s. After taxes, he kept about $10 million.<\/p>\n<p>But as so often happens to those lucky enough to realize the American dream of sudden riches, the money slipped through the Martins\u2019 fingers faster than they ever imagined.<\/p>\n<p>They faced temptations to indulge, with the complexities and pressures of new wealth. And a pounding recession pummeled the value of their real estate and new financial investments, rendering their properties unaffordable.<\/p>\n<p>The fortune evaporated in little more than a decade.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/11\/26\/business\/26fall.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[This]&#8230; luxurious world was fueled by a check Mr. Martin received in 1998 for $14 million, his share of the $600 million sale of Martin Media, an outdoor advertising business begun by his father in California in the 1950s. After<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=23130\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,39,40,50,209,101,589,149,168,98,184,129,441,596,34],"tags":[],"class_list":["post-23130","post","type-post","status-publish","format-standard","hentry","category-christian-life-church-life","category-culture-watch","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-children","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-marriage-family","category-parish-ministry","category-psychology","category-stewardship","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23130"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23130\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}