If you live in New York City and are feeling festive this Christmas, don't buy a tree.
It might just bankrupt you as some Christmas Tree vendors are selling trees for as much as $6,500 for a single 20-foot Fraser fir. The crazy part is that many of these longtime vendors say their clients don't even bat an eye at the price. Many say they are already sold out for the season.
The hefty price tags can be blamed on a shortage of the favored Fraser fir this year. During the economic crash of 2008, farmers in North Carolina’s Smokey and the Blue Ridge Mountains planted fewer Frasers, resulting in fewer of the trees now reaching maturity, according to the National Christmas Tree Association.
They also say that the giant box stores like Home Depot and Walmart have driven prices up by buying all the limited inventory of trees in bulk.
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