We need to start getting concerned.
04-16-2008, 05:56 PM
#23
1.5 BAR
Join Date: Jun 2003
Location: Plant city,fl
Posts: 1,134
Re: We need to start getting concerned.
My job is doing good and my pay hasnt been affected(comission on parts sales).I think the only people losing jobs are in the construction industry.I think problems in the economy is more with where you live.Some places are doing fine others are shitty.
04-16-2008, 05:58 PM
#24
0.0 BAR
Join Date: Dec 2002
Posts: 0
Re: We need to start getting concerned.
wether we're in a recession or not doesn't have to do with employment, even though we are still at full employment.
a recession is two consecutive quarters of negative growth.
last quarter was +.9% and the quarter before i believe was +4.7%
the last recession we had was during bill clinton's last two years
a recession is two consecutive quarters of negative growth.
last quarter was +.9% and the quarter before i believe was +4.7%
the last recession we had was during bill clinton's last two years
04-16-2008, 06:28 PM
#25
3.0 BAR
Join Date: May 2006
Posts: 5,322
Re: We need to start getting concerned.
I dunno about the property value comment.
The reason for that is simple supply and demand, property value always goes up. It goes up because people are willing to pay the increasing prices, not because that's what people "feel" it should be worth. When you live in highly populated areas like the west coast, prices are going to seem ridiculous because there's a shitton of people in the area compared to the amount of property, which isn't going to increase...so only the prices of it can.
When you live in a less-populated area, like here in Alabama, they aren't going to drive as high as other places. Plenty of land here. Hell, I'm in the process of buying a brand new 2600sq ft, 2 story, 2 car garaged home for $134k. If you look at the west coast, you'll pay many times that for the same thing.
The reason for that is simple supply and demand, property value always goes up. It goes up because people are willing to pay the increasing prices, not because that's what people "feel" it should be worth. When you live in highly populated areas like the west coast, prices are going to seem ridiculous because there's a shitton of people in the area compared to the amount of property, which isn't going to increase...so only the prices of it can.
When you live in a less-populated area, like here in Alabama, they aren't going to drive as high as other places. Plenty of land here. Hell, I'm in the process of buying a brand new 2600sq ft, 2 story, 2 car garaged home for $134k. If you look at the west coast, you'll pay many times that for the same thing.
04-16-2008, 06:39 PM
#26
0.0 BAR
Thread Starter
Join Date: Jul 2006
Posts: 0
Re: We need to start getting concerned.
Hey i don't claim to be a know all source of ----. If this ---- is biased then point it out but it does make sense if we keep going towards more credit how the ---- is anything suppose to be worth ---- in the long run.
All those trends that say this has happened before did they have all sorts of ---- complicating matters like the low value of a dollar? point of the article also says to me that we have run out of slack because of all those oterh times and we have done things to allow our growth since then. Now we dont have ---- to back up that dollar but credit. Hey if im wrong and hackin this ---- all up then explain, this is just how im understanding this article. recession or not the math looks wrong to me.
All those trends that say this has happened before did they have all sorts of ---- complicating matters like the low value of a dollar? point of the article also says to me that we have run out of slack because of all those oterh times and we have done things to allow our growth since then. Now we dont have ---- to back up that dollar but credit. Hey if im wrong and hackin this ---- all up then explain, this is just how im understanding this article. recession or not the math looks wrong to me.
04-16-2008, 06:51 PM
#27
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: We need to start getting concerned.
It will turn around. It always does. 
The people with money AND brains are buying as much real estate and gold as they can right now because it WILL go back up and it WILL happen again. No use even listening to this crap because it's pointless to worry about it. The motor in my car will eventually blow up. Should I stress the ---- out about it everytime I drive it or should I enjoy it while it's running good? :1
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The people with money AND brains are buying as much real estate and gold as they can right now because it WILL go back up and it WILL happen again. No use even listening to this crap because it's pointless to worry about it. The motor in my car will eventually blow up. Should I stress the ---- out about it everytime I drive it or should I enjoy it while it's running good? :1
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04-16-2008, 06:52 PM
#28
3.0 BAR
Join Date: May 2006
Posts: 5,322
Re: We need to start getting concerned.
Nobody is saying you're wrong. It's evident the dollar's value is constantly going down.
All we're saying is not to worry about it. Not ---- you can do. Gov't will (hopefully) figure it out.
All we're saying is not to worry about it. Not ---- you can do. Gov't will (hopefully) figure it out.
04-16-2008, 08:45 PM
#29
3.0 BAR
Join Date: May 2004
Posts: 5,042
Re: We need to start getting concerned.
Originally Posted by g_shok
the next super power will be china
04-16-2008, 09:34 PM
#30
0.0 BAR
Join Date: Sep 2003
Posts: 0
Re: We need to start getting concerned.
The reason people keep talking about the economy is they want it to trickle down to the people that are currently living very close to pay check to pay check. The housing bubble bursting put a bunch of industries in a really tough spot, on top of that crude oil being so expensive, and the fact that sub prime mortgages were sold on the public market all lead to a high chance of a future recession. The price of flour has increased 5x in only a month. People are having difficulty affording groceries because the price of food is increasing dramatically. There are a lot of things that people are starting to notice and get worried about.
Will it be catastrophe where everyone is going to fall on hard times? Most likely not. Will people be spending their money more carefully over the next year? Absolutely. There are obviously going to be acceptions in both cases, but on average this is the way things are for now.
Josher, housing prices don't always go up. You are about 12-18 months behind in the news. http://docs.google.com/TeamPresent?d...uth=true&pli=1
Boost, this is not the time to buy real estate as people are trying not to move as moving adds a fear of the unknown. Buying real estate now with no price stability and a shakey market is unwise in general. You can buy real estate and flip it for a profit, but overall, it isn't a safe investment.
Will it be catastrophe where everyone is going to fall on hard times? Most likely not. Will people be spending their money more carefully over the next year? Absolutely. There are obviously going to be acceptions in both cases, but on average this is the way things are for now.
Josher, housing prices don't always go up. You are about 12-18 months behind in the news. http://docs.google.com/TeamPresent?d...uth=true&pli=1
Boost, this is not the time to buy real estate as people are trying not to move as moving adds a fear of the unknown. Buying real estate now with no price stability and a shakey market is unwise in general. You can buy real estate and flip it for a profit, but overall, it isn't a safe investment.
