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OT. Your opinion on the economy in your area!!!

Discussion in 'Off Topic Threads' started by Bocephas, Jan 21, 2009.

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  1. Bocephas

    Bocephas Well-Known Member

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    Forget the politics and all the rest of the BS.How is the economy in your area?

    In my area not that bad.The Banks seem to be sound and are loaning money.

    We are in an agriculture area here.

    I do see more people going to the food banks.Anyone that wants to work can get a job here.It may not be $30.00 per hour,but it is a job and they won't have to have their hand out in the Welfare line.

    So,how is it in your area?

    Bocephas
     
  2. GunDr

    GunDr Well-Known Member

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    I've had this discussion with several locals who have live around here a long time. I'm relatively new...almost 6 yrs. Many told me the couple of years before I moved up here, I could have purchased a building for my shop for a song. Homes were quite reasonible also.

    That all ended about 2003 when more "outsiders" began showing up, and wanted to live up north. Most came from the Twin Cities. Housing prices shot up, along with land. Many wanted that special place on the lake. I quess many didn't realize that there's just not a booming economy up here, and if you were going to open a business, don't rely on the locals. Also that $30 an hour job you had in the big city is now only about $15 an hour...and there not hiring.

    Now all of those homes are being foreclosed on and deals can be made...if anyone had the money to buy. No one up here is rich. (for whatever rich is)

    Our economy hasn't gone backwards, it just re-adjusted itself back to the pre 2003 year. The same people up here working 6 yrs ago are still working, and those who were not working 6 yrs ago, still aren't.

    Those who have had construction companies for years are still working. Those who moved up here to open a construction company to keep pace with the "building boom" are now disappearing.

    For many of us up here, going to one of the major hardware stores, Wally World, or grocery store, is an hour or more drive. We tend to shop locally. Yea, the prices are probably 10-20% higher on the smaller items, but those small business genrally are sponsors for a lot of the kids' programs.

    So I would say...according to many up here, not much has changed. Kids still do yard work at the summer homes of the "rich" (some have even started their own companies), loggers are still haulin' logs, doctors and nurses stay busy, dentist stays busy(some would ask if dental hygiene was a priority up here--haha), most of the small diners are full every morning, one of the local grocery stores added on, those who work seasonal jobs at the resorts still work only seasonal. The couple of lawyers stay busy defending DUI charges,

    And to top it all off, you guys and gals here on TS.com keep me busy...thank you for that!!

    Doug Braker (northern MN)
     
  3. cubancigar2000

    cubancigar2000 Well-Known Member

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    Doug you are too humble. You are busy because you do excellent work and we all know it
     
  4. Barry C. Roach

    Barry C. Roach Well-Known Member

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    All St.Louis automakers in trouble. Ford plant closed last year. Chevy truck plant will probably survive. Chrysler is in deep doo-doo. Anhauser-Busch is in a cashflow crisis, telling their vendors that they will be paid in 120 days from now on and if they don't like it AB will find those who will tollerate the slow pay.

    The local banks are in fair shape but being more cautious on loaning money.

    Because these businesses are so big I would say that the St.Louis area is in fair to poor shape. So many eggs in the big boys' baskets makes it tough.

    Some bright spots are Peabody Energy with a record sales year and record profits. The Medical industry is doing quite well and St.Louis is a hot spot for good doctors and hospitals. Boeing/Douglas is doing pretty well here. Some much needed defense contracts have helped a lot there.

    Once a good centrally located city for medium to small corporations, quite a few have left for beter weather and business climates. Consequently, our airport, Lambert St.L. International has become a second class facility. If it wasn't for Southwest Airlines it would be even worse.

    Southwestern Illinois' economy pretty much reflects the St.Louis economy.
     
  5. mixer

    mixer Well-Known Member

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    Location:
    Coral Springs, Florida
    Restaurants and the casinos are doing a land office business here is S.E. Florida.


    Eric
     
  6. over the hill

    over the hill Active Member

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    Central Ohio area.

    Probably similar to Midwest cities:

    Upper quality restaurants giving specials and deals Ive not seen before.

    Auto deals, red tag sales, especially Chrysler.

    Lots of repoed homes in more affluent areas.

    However, the largest Gunshop in the area was booming the Sat. I was there. You had to take a number and they were about 15 behind. No great deals either.


    Regards....Gerald
     
  7. TOOLMAKER 251

    TOOLMAKER 251 Active Member

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    My area in southeastern Pa. does not seen to be too bad off. Housing developments and strip malls still going up. I did notice there is alot less traffic in the mornings, maybe people are driving less or car pooling.
     
  8. 391 shooter

    391 shooter Well-Known Member

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    Mixer

    Restaurants and the casinos are doing a land office business here is S.E. Florida.

    Just curious , what does this mean?
     
  9. bigbore613

    bigbore613 Active Member

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    Here in Central VA the blue collars are taking a beating. White collars not as bad but worse than normal. Our construction and road building normally not affected is hurting and thats not normal as we are somewhat insulated, because of many govt. jobs. Car dealers getting thin as well. Lots of Housing inventory.Jeff
     
  10. grnberetcj

    grnberetcj Active Member

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    I took my grandson to see the movie Hotel for Dogs, when the movie was over at 5:00 PM....it looked like some high school had dumped all their students into the theater....

    Very long lines for $7.00 popcorn and $4.00 cokes....

    Went to Home Depot on Saturday morning...place was full of pilgrims..

    What economic problem?
     
  11. Shooting Jack

    Shooting Jack Active Member

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    Location:
    Blackshear, Georgia
    Everyone seems to be going and doing as usual here in Southeast Georgia. It would seem that everything has gone up around 20 percent but people are still buying. The store I help manage is probably down four percent for the month of January and customer count is down about two percent but we feel like that is attributed to the cold, cold weather we are having lately. It will be around 16 again in the morning. Jackie B.
     
  12. Tron

    Tron Supporting Vendor Supporting Vendor

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    It's horrible in SE Michigan and has been for several years now. It's a depression now, NOT a recession. I'm seeing some VERY VERY weird stuff going on in the housing and retail markets. I've seen many many MIGHTY fall that I would have never ever expected to see do so.

    Maybe we've bottomed out?? I sure hope so.
     
  13. bigbore613

    bigbore613 Active Member

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    Lets see ; 20 bucks to get rid of the kid for two hours ? Priceless
     
  14. Husky44

    Husky44 Active Member

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    Location:
    Calif/Idaho
    My dog is fat and happy! She’s not worried about the economy and we’re still hunting every weekend. Until those things change I’ll stay positive.

    Domenic
     
  15. BT-100dc

    BT-100dc Active Member

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    Youngstown - Warren, Ohio area, it's bad in good times. Don't expect it to change in my lifetime as we elect the same ole' politicians or their kids to offices. If I said, it sucks, I would be paying it a compliment. Can't even blame Republicans since we haven't elected one in 25 years. I must say, we get what we deserve as we're too stupid to do anything different. Now, when you think about it, how many other areas are the same as this one? BT-100dc
     
  16. halfmile

    halfmile Well-Known Member

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    Location:
    Green Bay Wisconsin
    NOrtheastern Wisconsin has taken a hit, job losses all over the place but scattered.

    Foreclosures pounding along at a record pace, notices up to almost 4 pages in the local paper.

    A patchy patten of empty houses around our city, after a while you can spot them easily. A sheet of paper or an orange sticker telling of the winterization of the house, (water lines drained and blown out, power off, chimney capped) or giving a phone number to call if you are interested.

    More in the poorer neighborhoods, but the silk stocking districts have their share of cancer too.

    Savings accounts and cd's don't pay anything, and loans are hard to come by, except for the loan sharks. A mail flyer yesterday offered me 500 dollars for a 49 % APR. (I thought there was a law against that).

    Not good here, we have soup kitchens and food pantrys and homeless shelters, they are more crowded than ever. The other night the newscast said they were needing blankets.

    But life goes on, and the town is not crippled, just has a few scabs for now.

    HM
     
  17. jevoliva

    jevoliva Member

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    SW Indiana is doing fairly well. Personally, for my business, the first of Jan was our best week on record (9 years) and January 09 is shaping up to be the best month ever. So personally, doing pretty good.

    Our fairly large locally operated bank (Old National -- 175 years -- $8 billion in assests) is doing very well, namely because they suffered a "credit crunch" of thier own back in 02-03 -- had many, many, many shady business loans that went bad. They shook up the WHOLE lending department (both personal and business), named a new CEO and got through the crisis. Luckly, in doing so, the bank bubble bursting didn't even phase them. They did get their part of pie in the bailout -- in doing so, the company has stated that they are using the money to build more branches and update infactructure. So, the banking part is doing well.

    Blue collar is worse off than white collar, but our largest blue collar employer (Toyota) has yet to lay one person off. In the decreased demand time, they have been busy cross training employees in preparation of the planned upspwing of new cars sales in the next 1-2 years. No blaring headlines of hundreds or thousands of employees being laid off in the paper. One of my employees' husband works at a paint mixing plant that makes plastic paint pellets for the huge local plastics company (Berry Plastics) and several other clients. After a three week hiatus and worrying about losing his job, he returned back on Jan 5 to be greeted to two and a half weeks straight of EVERYDAY overtime -- and not because the laid off half the workers -- the plant is at full operation! Chatted with one of my buddies who sells refrigerator and freezer trailers for OTR shipping and he said that December was REALLY bad, only to have one of his busiest Janurays ever responding to bid requests and have started truning those bids over in 1/2 of the time as usual.

    All in all, it seems that once again this area of the state is recession proof -- or as recession proof as you can get. Ditto on the movie lines stated above. We drove by the biggest one in town (16 screens) and have NEVER (not even Christmas or the 4th) seen the parking lot that jammed as we did last Saurday. Restaurants all seemed to be packed when we go or drive buy.
     
  18. BMC

    BMC Member

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    Here (so cal), it all depends on who you talk to or what line of work you are in. I have friends who are on economic life support. A good friend of mine got laid off before Christmas (along with all of the directors in the company) and hasn't been able to find a job. I sent him a really good lead today so hopefully that will pan out for him. In my local area many of car dealerships have closed up, but the army of used car lots seem to still be in business. Some small privately owned storefront-type businesses have closed up, but there have been some new ones taking their place. There are ten empty foreclosed homes on my street alone. A few miles to the north they are still building some new homes, but at a snails pace. The once 700-1.2 mil dollar homes above me are now being offered at as low as 400. Lots of empty ones up there too. Based on what the bank said, my home is now worth what it was when I bought it in 2001. It was appraised at double that 2 years ago. It seems there are very few $15 and under jobs around. None of the teenagers (including my own) could get any job over the summer and that hasn't changed.
    The company I work for took a big hit over the summer. I didn't think we were going to make it passed the first of the year if it kept up. But the last quarter was good. December was our biggest retail month ever! And we don't manufacturer necessary goods, our products would be considered extra-curricular in nature. But some others in our industry have been living on a thread. Huge layoffs and cut backs, but generally they are giant multi-company organizations with large overheads.
    My GF and I went to the movies on Saturday evening. There were three lines that stretched at least 50 yards each. I've never seen so many people waiting in line for the movies. That same saturday I shot a registered event and there were 17 squads of HC, and this was a no-prize-targets-only shoot.
    In large population/industry areas like here, it appears to me that you have to look for the effects of a sour economy versus smaller areas where the impact seems much greater. Again, its all in who you talk to. I'm just thankful I have a job and can pay my mortgage every month.
     
  19. wild bill JP1

    wild bill JP1 TS Member

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    Eastern Ky.
    Local Steel Mill shut down two furnaces and has one furnace on hot shutdown. Used to supply steel to Toyota plants.
    Laid off 600 ++ employees. No orders for steel at this time.

    Local School system says they have a budget "crisis" and will eliminate/terminate 4 certified positions at the high school.

    More certified positions may be cut at the middle school and elementary levels.

    Many (4 or 5)local small family owned stores gone in the past year.

    Progress Rail (a local company that repairs/builds railroad cars) laid off 100++ employees. Rumor says they may call 50 or 60 back in the spring??? OR shut down completely this summer if no new orders come in.
     
  20. The Rock

    The Rock Active Member

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    No economy exists in Springfield, OH. Unemployment rate is 8.6 and heading up not down.

    May have to mug a McDonald's staff to get a job. Fanny hit and we hit the dole.

    Rock

    Jim
     
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