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Economy is horrible!! Business owners come in...
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11-28-2008, 11:36 AM | #1 |
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Economy is horrible!! Business owners come in...
hey there folks the economy is really crazy right now? How long do you guys see this going on for?
Also for the business owners how much have your sales dropped from year to date from late year? Or Quarterly... |
11-28-2008, 02:56 PM | #2 |
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I see this going on for at least a year or two. People need to feel secure before they start spending again. I hope the holiday season can make a nice little turnaround. Who knows people are running scared.
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11-28-2008, 02:59 PM | #3 |
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I really hope the housing market turns around sooner than later because I haven't made a dollar YTD. I'm into my investments for the right price, its just that there are no buyers. Just have to wait it out I suppose.
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11-28-2008, 03:14 PM | #4 |
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Sister bought a house 2 years ago for a mill, now it's worth 600K...her business also dropped at least 40% in revenue compared to 2 years ago...
luckily im a bum and is not hurting too bad from this economy
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11-28-2008, 03:20 PM | #5 |
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11-28-2008, 03:27 PM | #6 |
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Haha... that's why you need to save for a rainy day, but aren't all Americans good at doing that?
At least in the building field bad times like these weed out all of the people who were trim carpenters and framers 2 years ago and are now calling themselves builders. When the real estate market was hot you could pretty much take a dump, stick a for sale sign on it, and some moron who made $10/hour would get a mortgage on it, which they have now probably defaulted on. Things will turn around, it just takes time.
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11-28-2008, 03:35 PM | #8 |
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Just start after you pull the trigger on a P-car. You know you want to.
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11-29-2008, 06:32 AM | #12 | |
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There will be plenty of great deals out there. I wish I did not have this addiction for automobiles. I really do. When I get on the scent I think about them on and off all day and night. Luckily I market a service that is actually easier to sell when things are tight.
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11-29-2008, 01:15 PM | #14 |
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retail is a bit slower, but not by much. People still need gas and food....and since gas is cheaper now, people buy food with the money they save...
myself though...i'm going to be unemployed come the end of december....so I guess I'll be joining spool in being a bum...sadly....then i'll have to wait for the tax refund to get my rims |
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