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Old 01-30-2009, 12:48 PM
 
5,512 posts, read 11,287,691 times
Reputation: 3258

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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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Old 01-30-2009, 12:58 PM
 
Location: East Northport
3,351 posts, read 8,859,285 times
Reputation: 1323
Absolutely. Anyone who I talk to in the trades is really hurting.
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Old 01-30-2009, 01:45 PM
Status: "Not MY government" (set 16 days ago)
 
Location: Hiding from dumb people
12,711 posts, read 14,284,856 times
Reputation: 9146
Stop watching the news and we'll all be ok.
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Old 01-30-2009, 02:03 PM
 
4,319 posts, read 7,558,589 times
Reputation: 2498
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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Old 01-30-2009, 02:23 PM
 
5,512 posts, read 11,287,691 times
Reputation: 3258
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 View Post
Stop watching the news and we'll all be ok.
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Old 01-30-2009, 03:17 PM
 
Location: Nassau, Long Island, NY
16,408 posts, read 30,402,808 times
Reputation: 7283
Quote:
Originally Posted by S.I.B. View Post
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.
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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Old 01-30-2009, 10:31 PM
 
Location: Inis Fada
16,966 posts, read 31,091,372 times
Reputation: 7619
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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Old 01-30-2009, 10:54 PM
 
520 posts, read 1,505,431 times
Reputation: 289
rocafeller05 -

What business are you in?
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Old 02-06-2009, 09:34 AM
 
5,512 posts, read 11,287,691 times
Reputation: 3258
Boy I hope this gets under control quickly. Its going to get real ugly out there guys and gals.

Jobless rate 7.6 pct; 598K job cuts most since '74 - Yahoo! News (http://news.yahoo.com/s/ap/20090206/ap_on_bi_go_ec_fi/economy - broken link)
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Old 02-06-2009, 09:52 AM
 
231 posts, read 881,430 times
Reputation: 128
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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