It’s easy to cite the more obvious non-housing sectors being hurt by the subprime collapse. For example, there is pleasure boats, automobiles, big box electronics, etc.
But what aren’t places like P.F. Chang’s named more often? I like to think of that chain, and others like it, as being aspirational restaurants, sort of the eating equivalent of “prosumer” electronics. They are, in other words, mundane extrapolations that let the intermittently monied middle class stretch to show how they’d like to be, as opposed to how they actually are.
And you can see that by their locations too. Here in California the P.F. Chang location list is like a tour of subprime-hit housing.