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Old 10-16-2008, 11:19 PM
 
2,398 posts, read 4,991,622 times
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How is Iowa doing in the bad economy? Anything to note?
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Old 10-17-2008, 12:38 AM
 
Location: Central Iowa - Ankeny
337 posts, read 1,415,989 times
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to be honest, all i've noticed is construction *slowed* around here. maybe i'm missing something
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Old 10-17-2008, 06:54 AM
 
520 posts, read 2,342,618 times
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I would not think Iowa would be doing too bad because Iowa never saw the big boom in housing prices like much of the country, so they are not seeing the bust either. I live in PA, and it's similar here. Personally, I have not been affected at all and neither have many people from around here since we never saw a big boom in the past few years. No boom, no bust
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Old 10-17-2008, 08:55 AM
 
Location: Wishing It Was Wisconsin
534 posts, read 1,465,677 times
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Actually, since the big flood in June, housing seems to be pretty good. I've seen several homes in my area in Cedar Rapids go up for sale and within 2 weeks they are sold. A lot of people lost their home and need to start over and I guess there are people relocating that need homes too. Houses in our area(out of the flood zone)are flying off the market. We've acually debated about selling our home knowing it wouldn't be on the market long and going into an apartment since we won't be living here much longer.
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Old 10-17-2008, 10:52 AM
 
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Everybody I know back home (Des Moines) is doing fine. From what I hear they aren't any worse than they ever were. I did go onto a couple of the real estate websites for the area and noticed homes in the suburbs are MUCH cheaper than a few years ago. I saw decent houses in Urbandale, Altoona, etc for less than $150K.
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Old 10-17-2008, 05:25 PM
 
Location: Indiana
10 posts, read 34,338 times
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Iowa is going to be OK by worldwide standards. Remember the astronomical crop prices this past summer? It's like the state struck oil.
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Old 10-17-2008, 06:15 PM
 
Location: Rockford MN
72 posts, read 235,128 times
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Quote:
Originally Posted by teamplayer View Post
Iowa is going to be OK by worldwide standards. Remember the astronomical crop prices this past summer? It's like the state struck oil.
Watch out, though. Ethanol subsidies are in jeopardy of being cancelled. The high prices of corn can't be sustained with other plantings. I would imagine this would change the economical landscape, although perhaps not very dramatically for Iowa.
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Old 10-18-2008, 07:17 AM
 
450 posts, read 2,031,256 times
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Hopefully this statement won't cause this whole thread to become to politically charged...

But McCain has explicitly said he would end ethanol subsidies. That move would really hurt Iowa's economy...
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Old 10-18-2008, 10:05 AM
 
Location: Rockford MN
72 posts, read 235,128 times
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Quote:
Originally Posted by pepe1 View Post
Hopefully this statement won't cause this whole thread to become to politically charged...

But McCain has explicitly said he would end ethanol subsidies. That move would really hurt Iowa's economy...
And I'm certainly not trying to insert politics in any of this. As a catering company owner, my food costs on items dealing directly with corn (corn, chicken and beef because of feed, etc..) have grown at an astronomical rate. While I would ideally like to live in Iowa, business wise I don't want to be paying prices as high as they are due to subsidies that, personally, I don't see a return on the investment made. Just my 2 cents (but with the dollar the way it has been, maybe it's only 1 cent?!?!)
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