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01-30-2009, 12:48 PM
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Senior Member
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Join Date: Mar 2007
Location: Island of long
1,591 posts, read 1,064,294 times
Reputation: 177
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The LI economy is slowing down.
After months of reading it in the papers and seeing it on the news I will have to admit the economy is slowing down here on LI. 
The biggest sign is the stoping of commercial contruction on LI and in NYC. Many of our vendors and sales reps are really starting to feel the pinch.
Anyone else seeing or feeling the turn down yet? |
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01-30-2009, 12:58 PM
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Real Estate Agent
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Join Date: Aug 2007
Location: East Northport, NY
1,884 posts, read 1,363,620 times
Reputation: 237
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Absolutely. Anyone who I talk to in the trades is really hurting.
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01-30-2009, 01:45 PM
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Sarcasm mode:ON
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Join Date: Jan 2009
Location: In my house
1,148 posts, read 477,059 times
Reputation: 153
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Stop watching the news and we'll all be ok.
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01-30-2009, 02:03 PM
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Senior Member
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Join Date: Jan 2009
815 posts, read 344,769 times
Reputation: 67
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went to Roosevelt field the other day on a Saturday. I couldn't believe how empty it was. I don't think I had ever seen it that empty on a weekend.
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01-30-2009, 02:23 PM
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Senior Member
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Join Date: Mar 2007
Location: Island of long
1,591 posts, read 1,064,294 times
Reputation: 177
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Thats not the problem. New construction & renovation projects have been cut back dramatically. Budgets are getting slashed left and right. The only major projects going on right now are jobs that were in the 2007 or 2008 budgets. Such as the World Trade Center, Yankee & Mets stadiums, the Jets new stadium, etc.
Its going to get worse b4 it gets better believe me.
Quote:
Originally Posted by hotkarl
Stop watching the news and we'll all be ok.
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01-30-2009, 03:17 PM
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Pls email me controversy instead of posting. Thks.
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Join Date: Jul 2006
Location: Nassau, Long Island
3,601 posts, read 1,521,925 times
Reputation: 733
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Quote:
Originally Posted by S.I.B.
went to Roosevelt field the other day on a Saturday. I couldn't believe how empty it was. I don't think I had ever seen it that empty on a weekend.
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I go to Green Acres at least every other weekend. So far it is always busy and right around Xmas, it was a madhouse. |
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01-30-2009, 10:31 PM
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Senior Member
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Join Date: Sep 2007
Location: Inis Fada
3,656 posts, read 2,385,575 times
Reputation: 452
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Homeowners are tightening their budgets and extensive projects are being pared back. Interestingly enough, the people who are moving forward with their projects have been saving for them -- no refi, no HELOC. If more Americans had been so financially responsible...
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01-30-2009, 10:54 PM
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Senior Member
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Join Date: Mar 2008
131 posts, read 100,702 times
Reputation: 23
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rocafeller05 -
What business are you in?
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02-06-2009, 09:52 AM
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Senior Member
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Join Date: Feb 2008
177 posts, read 115,445 times
Reputation: 39
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I know two people that lost jobs last week. They were upper level management and the breadwinners for their families (both were in NYC, not LI). My brother works in finance (back office operations) - he says he is really slow and everyday walks into the office preparing himself if he is let go. Others that I know that have lost their jobs say that interviews are few and far between and are for crappy jobs.
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