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Thread: Your current "on the ground" economic report Reply to Thread
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Topic Review (Newest First)
11-14-2018 09:09 PM
dmas PNW prices are high, particularly housing though there has been a setback lately. amazon h2 fallout? Holiday food sales have not been good and often limited to 2-6 quantity. For example you get a free turkey if you buy $150. Or $.79 if you buy $50.
11-14-2018 07:36 PM
Crackshot Ive got more work than I want to do and the money has been coming in easy. Good times here, just hope it lasts.
11-14-2018 08:41 AM
blue123 Ok so, were having something of a boom going on and an interesting trend, young white males are coming back into construction here.
10-15-2018 09:36 PM
woobla Trying to revive this thread. It was great and the only news I trusted.

Where I live at the moment the economy is slowly improving and unemployment is at 5%. Though there is a marked increase in meth addicts roaming the streets. (Perth - Australia).

Sent from my SM-G610Y using Tapatalk
05-07-2018 04:01 PM
xstuntman West central Texas here and the oil fields are slowly ramping up again.
Everybody here that wants too is working and housing prices continue to rise.
10-09-2017 12:25 PM
hawkpacific Here in Austin, TX, signs of economic slowdown are definitely here. Lots of homes for sale in my neighborhood, where two years ago you couldn't keep a home on the market for a week, multiple offers, etc. Commercial real estate has slowed down for the last 1.5 years as well.

Online real estate reports say that the market is cold.

I have a bad feeling about pretty much every asset except PMs.
09-26-2017 07:55 PM
blue123 Just surviving.......I think were having fish tonight.
08-19-2016 11:11 AM
97guns i just got home from a trip to the cincinnati area and the most obvious thing i noticed was the lack of homeless and panhandlers in comparison to california, here in my city there is a panhandler on every busy corner and tent cities all over the place. maybe its the cold winter weather, cant really attribute it to anything else
08-15-2016 10:09 AM
Your current "on the ground" economic report

A new Facebook buy/sell group in my area called "Broke Ass". Also, a friend was commenting about how she made a vanilla cake with whipped frosting. I told her that the cake would be good with strawberries...she replied that she couldn't afford strawberries. Ouch.....
07-12-2016 03:13 PM
EverettyVet PNW is booming. home prices are insane. Don't move here, it's bad enough already
07-12-2016 03:01 PM
cleversloth I live in the denver area. Construction and tech is booming. People are coming in from all around the country to move here.

Everywhere here seems to be actually starting to turn around. Only like 5 years after the government claimed things where improving. I'm still waiting on those real wages to rise though.
05-16-2016 04:12 PM
sw1911 seeing more and more white millennial teen girls on street asking for money and smokes with their bf watching. sun burn with skin peeling, seems legit.
04-25-2016 09:50 PM
PAprepper78 More of an observation then a report. I needed a part time job to make some extra cash but, I also needed a time job with a lot of felexibilty as I already work M-F 8-5. I tried Uber for awhile but found I had to work in the city to make it worth my while. Also after a good day of driving I blew a tire on a pot hole. That cost me the whole day's wages and then some.

So I posted an add via Craigslist and I found a few different suitors. I wasn't looking to work an additional 25-35 house so I slimmed down the job to working for a firewood business. It's mostly weekends but the hours are flexible which was important to me. The interesting point is that I'm north of 30 and the only people who want to work hard are older people.

While the job isn't cool or exciting you don't have to deal with customers and can make your own hours. So you would think young people would be all over the job. Instead the most recent employee before me is in his early 20's. He works pt at the mall and has a kid on the way. He lives a block away an he quit. This attitude scares/ confuses me. While no one should work just for more money I am fearful of the generation behind me and reminds me my Social Security payments are almost all but lost.
03-22-2016 02:34 AM
kenmr2 It's hard to tell because a lot has changed since the 1980's oil bust which affected Colorado, Texas, Louisiana, Oklahoma the most. The Internet/Technology/Laws have changed by making our economies diverse. For example, I know a lot of people employed by companies in California but live in Texas, telecommuting allows them to live well in a low cost area. Colorado is collecting tax revenue from marijuana. Oklahoma is home to the largest casino in the world thanks to North Texas. To be honest, Louisiana should be an economic powerhouse, it has so much to offer, at least they have the happiest city in America which is Lafayette, I can talk all day about this state, I mean I practically live here too.

I mean every time I'm out and about in Houston I meet people from all around the world, it's the most diverse city in America according to the New York Times. What I'm trying to say is many of these people have money, and they are buying real estate and spending their money here in Texas.

I have a friend that moved to San Diego, bought a townhouse when she lived there and sold it, moved back and practically bought a mansion (they're just so big these days) with most of the proceeds. So what I'm trying to say are people are still moving here, some people that left here (Texas) are also moving back like my cousin from New York and is planning to buy a house here.

My younger sister works at the Mercedes' corporate office and they are having a good year, breaking record sales as usual, but also repos(repossessions) have picked up she said. She told me her friend has a Lexus and pays about a grand a month for the car, that's just payments alone, people love their cars.

Trucking is slowly picking back up.

Driving around North Texas. Highway 380, if you were to drive from Denton to McKinney cruising about 55mph which should take you about 30-45 minutes of driving. Both sides of the highway is busy with construction. Driving around the Metroplex, construction everywhere, I see more warehouses being built, but also retail office, storage buildings, highways, hospitals, apartments, houses, fuel stations, churches, etc.

I want to say something about fuel stations, look up "Buc-ee’s", it's big! and Shell, QT, and others are trying to copy them, it's ridiculous. Look at how much they are paying employees at Buc-ee’s.

Houses, still popping up, everywhere, on full throttle, it's unbelievable.

If you're visiting the area, be safe, with all these constructions sites on the highway, lane closures, lane shifting, it's pretty dangerous. Have been seeing more reckless driving because of low fuel prices.

Currently taking a hvac class at the local college, I guess some students in school that are already working in the industry say things are picking up for them, they're busy.

Had a friend look for an IT job recently, state some companies were on a hiring freeze but luckily he knew some people and that's how he got himself the job.

My parents, selling landscaping plants have been busy, we barely have any products to sell now, very lucky, still a lot of demand out there and getting calls all the time.

I still think we should be in a recession this year, guess we'll see.

The odds are against my prediction if you look at the chart below.
03-14-2016 08:34 AM
sierra skier
Originally Posted by mauser6863 View Post
Furniture stores are going out of business, but all of the Pay Day/Car Title Loan and pawn businesses and others who prey on the poor, seem to be doing really well for themselves.
I have never seen a furniture store that isn't going out of business or having an inventory clearance sale, year after year after year.
03-14-2016 12:50 AM
mauser6863 Personally - Wage Stagnant for the last year. Company is hiring new workers at 10k less a year to start. Rumor is that 30% of our work force is slated to be cut and they are actively evaluating who are the best workers and who are the most cost effective workers. Many of the old timers will likely be fired as they simply cost too much, regardless of their value to the enterprise.

Medical/Dental costs are now so high, unless its a true emergency, we only go to the doctor for routine medical/dental check-ups. Dental is the hardest to bear, insurance co-pay of only 40% still equals a $1,500 - $2,000 dental bill out-of-pocket, so we just skip it, as we don't have the spare change and don't want to go into debt, unless its serious.

Company has increased how much I have to drive before they will reimburse me, which is a $2,000 hit for me. Cheaper gas has mitigated this "Hit" for now. Last week, they reduced and capped how much time off we can earn for all reasons by 25%.

Retirement is a "Dream" that likely will never happen for me. The amount of money required in savings to maintain what I have now (which isn't much) is around $1.5 to $2 million dollars if I retire at 65 and live to be a 100. Since we may see negative interest rates very soon, I feel this is realistic.

In the local area, residential real estate market is showing signs of slight recovery, but is still half of the prices at the pre-crash period. We have a lot of empty store fronts, probably 20-30% vacancy rate.

Furniture stores are going out of business, but all of the Pay Day/Car Title Loan and pawn businesses and others who prey on the poor, seem to be doing really well for themselves.

We do have a very wealthy upper class that seems to be doing just fine. Lots of new cars on the road, Tesla, Ferrari, Mercedes, etc. The high end restaurants and designer clothing shops seem to be doing well.

The poor and working poor are getting poorer and the rich are getting richer.

Heard the other day that the total value of all U.S. Financial services is 20% of the U.S GDP or equal to the GDP of all of Germany. These fees imposed of the use of money, coupled with the creation of literally tons of new FIAT currency by the government, seems to explain a lot of what I am seeing.

The people aboard the Yacht, looking down upon us in the water, seem to be saying, that if we just keep swimming harder and faster, eventually our feet will become dry like theirs.
03-13-2016 10:54 PM
blue123 Hey Texas and our members in the oil producing states can you give an on the ground report since oil prices have bottomed out?
02-15-2016 05:40 PM
WhitetailWonder I live in rural Texas, and where I'm at people are okay, but only okay. Despite being rural, our area is still benefiting from high growth. However, I don't get the idea people have savings or a big cushion, and it seems that salaries have not kept up with inflation in several decades. That's my one datapoint on the situation.
02-13-2016 11:35 AM
Originally Posted by bearhawk View Post
Don't go to town on the first few days of the month. One big traffic jam and almost empty the rest of the month. Empty stores everywhere.
yeah, 1st of the month are usually a nightmare at retail stores like walmart with everyone trying to buy everything they need for the month using their ebt card.
02-12-2016 09:07 PM
bunny SE Michigan. Minimal construction going on. Lot of mom and pop stores opening up only to close 6-12 months later. Minimum wage jobs available but larger companies have cut back on employees and no pay increases. Some foreclosures still happening . Not a lot of trash out at Christmas so they bought small or really cut down. Craigslist busy with people trying to sell stuff but asking high prices. I see more and more people at the thrift stores and no lines for checkout at Walmart, Meijers etc. Fast food places not doing well.
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