People are still buying have you seen the latest sales numbers? .
Yes, because of the abysmal retail market, the prices of HDTV's (and yet NOT 3D TV's) are going to drop to record lows in November because of overstocks of product because they are NOT selling well.
Boo stop watching the news pick up Forbes magazine or something. Business is booming and we are just to lazy to see it, and filmmakers are the worst.
Indeed, in 1980, the top 10% of the wealth in the United States was in 3% of the population. In 2010, the top 23% of the wealth is in the top 1% of the population.
So yes, the billionaires are doing GREAT in this economy. There are only 1% of the population. Even if they buy 1 3DTV for ever room in their mansion, that isn't going to compensate for the 20% of the population who can NOT afford a 3DTV or Blu Ray player.
This is incredibly basic math that is hard to argue. Unemployment is at the highest number of people since the Great Depression. Unfortunately, they aren't unemployed millionaires, so FORBES isn't doing a story on the way most consumers in America (and the world) cannot afford the toys and they can't get credit because, as you say, the value of the houses is worth less than they are paying for it, and therefore cannot get a home equity loan to buy frivolous things like a 3DTV or a 3D BLU RAY player... So kudos for your friend trying to buy a house. She gets a deal, the owner gets screwed, and that's IF your friend gets approved for the mortgage because the banks are still NOT approving many loans these days because credit is tight as a snare drum even to those with great credit scores.
I'm not sure what it is you think is compelling about your side, but it seems off base and unrealistic.... especially to indie filmmakers.
You did not address any of the valid business concerns for why an indie should NOT do a 3D film at this time. Do you have any thoughts on those?