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Charlotte economy losing jobs, seeking information from citizens on financial plans, move away from Charlotte for job, stay in Charlotte, starting a new business, going back to school
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
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To keep it on topic though, I can see the party starting back up, possibly even more aggressively than before. The more people's life savings take a hammering, the more inclined they may be to move to a more tax friendly state in order to reclaim some of what they lost. States like New York and New Jersey may become even more unrealistic places to retire in.
To keep it on topic though, I can see the party starting back up, possibly even more aggressively than before. The more people's life savings take a hammering, the more inclined they may be to move to a more tax friendly state in order to reclaim some of what they lost. States like New York and New Jersey may become even more unrealistic places to retire in.
For some strange reason, I have a hunch (but don't live in a bell tower) that we may see a large influx of Californians. Yes, their economy's in shambles, but Charlotte's only one of many cities to relocate. I don't have much more back up than that. Maybe it's just me.
For some strange reason, I have a hunch (but don't live in a bell tower) that we may see a large influx of Californians. Yes, their economy's in shambles, but Charlotte's only one of many cities to relocate. I don't have much more back up than that. Maybe it's just me.
Very expensive to move from CA to NC if you have belongings to ship . . . but if you are traveling light . . .
We have had quite a few people move here from CA . . . there are stats somewhere - saw this last year - outmigration patterns and wh/ states people are moving to. Wish I could find that info.
So here we are. Some of us grew up here . . . some of us moved here with a job or hoping to find a life for our families or a new career move . . .
And it appears that collectively, we are getting ready to deal with some big issues that will affect us all - if not directly, then certainly - indirectly.
Last year, Charlotte lost 32,000 jobs. This year . . . who knows? I suspect at the end of this quarter, we will have an official unemployment rate of 10%.
We are all in this collectively - and what happens to part of us will affect all of us.
Just wondering what your personal strategy is for the coming year to 18 months. If you have lost your job (or feel pretty certain a lay-off is on the horizon) . . . what are you thinking about doing?
1. You want to stay in this area; you are happy here; you hope to replace your job here
2. You want to stay in the area, but you feel pretty certain you will have to relocate. You are worried, tho, about selling your house in this market.
3. You know you will have to leave to find a new job. You are worried about selling your house but will think about that when you land a new position.
4. Charlotte has been a bad experience, and you want OUT.
What strategies have you come up with? Starting a sideline business? Going back to school? Living off your 401Ks and part time work? One spouse employed, the other getting unemployment checks and hoping to find a job?
Petrified and no clue what to do?
What are your strategies? What do you see in your future?
I actually might be one of the few blessed, lucky people to actually be rehired just recently...(very long story)...in my field.
I am also continuning making side income by preparing taxes.
To answer your question(s), for the next 18 months I will continue to look for ways to cut my spending. By no means do I have a "long term" contract and things can go downhill mighty quickly in construction (meaning in 6-8 months I could be on shaky ground again).
All I can say is that I'm thankful we had a plan (emergency fund) before I was laid off due to our pretty frugal lifestyle, and pray for others in our area every day to find work, because being unemployed sucks.
I don't know Ani. The jobs we've gained recently aren't going to replace any high paying bank jobs lost, but imagine if you live in a city worse off than Charlotte (and there are many), and you read these recent headlines...
To locals, we probably say, "Wow look at all those people fighting for those few jobs ". To people in other cities they may say, "Oh man, I've got to get down there, they've got companies hiring! ".
As I always say, its all relative.
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". To people in other cities they may say, "Oh man, I've got to get down there, they've got companies hiring! 
". 
