Quote:
Originally Posted by BigJon3475
I can't see that past the 11 high rises being built around me.... and 5.0% unemployment rate.
So you had a boom now things are back to normal and your freaking? Did you invest to much into what was known 5 years ago as a bubble. I happen to be in that housing/construction industry maybe you could find a more stable company we have so many openings it's getting sort of bad.
Anyone who makes such generalizations doesn't pay enough attention.
Can we get back on subject now?
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who is freaking? I belive your entire statement is generalized, and you just showed that it is best to remain silent and thought of a ..... need I go on?
I hear ya. Find a new company? I own my company and as slow as it is and only 5% revenue coming in compared to 15 months ago, and I am still doing very well thank you. Just bought 2 auto's and there paid for so is my house. Never said I wasn't doing well, Just not as well as I could be.
What I was saying is the whole economy in Charlotte is not good. Your stuck in the middle of 11 high rises going up and you assume the rest of the economy is just as great. Commercial construction is a totally different beast. It is effected differently than the rest of the economy. Those are long term projects, designed to accommodated future growth. Those buildings will be there 100 years from now making money for the banks that financed the construction.
Cough..cough gas prices?? Truckers threatening strike couple weeks ago? Food prices soaring, crime is soaring in Charlotte. Most likely a direct effect of the increase of prices. New home sales at a 17 year low(and you call it normal??) WOW Hush now please. Yea bro Charlotte is going peachy huh?
I been in construction for 20 years. Thats before the bubble. Heck, I helped get the bubble going. I remember when there were no mexican crews.
The economy is not good and I can site so much factual information I'd take up 3 pages here. Did I mention I also manage 3 investment accounts on the side for 3.5 years?
Untill the housing market picks up. along with oil coming down we'll be in slow death trouble. To trigger things, people have to spend there money so the spending is reflected in the monthly NFP, GDP, and FOMC, consumer confidence will show increase, and the value of the $ will establish a bottom and rebound against the other currencies of the world. Then the news people will report the economy is doing well, and people will start making long term commitments such as new home buying, and the economy will be on the way back to "normal"
I could go on but I won't.
Bottom line is just spend the money coming from this and the desired effect will come in the next 2-3 months. But it takes time to recover. We didn't fall this far over night.