Godlike Productions - Discussion Forum
Users Online Now: 1,458 (Who's On?)Visitors Today: 574,535
Pageviews Today: 736,847Threads Today: 204Posts Today: 2,499
06:29 AM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPORT ABUSIVE REPLY
Message Subject The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way!
Poster Handle Anonymous Coward
Post Content
Every business owner is slammed I know. I don't see it.
 Quoting: Bush Master


It's coming ,just not yet.After the recession,the building trades were screwed.We saw it coming a year before it did.Housing was collapsing long before the the media ever discussed.Like all these schemes,they keep the facade up as long as they can while they leaving out the back door.I know many very skilled people who were forced to retire after the last crash.Many in the middle of their career found a different career path.Alot of us toughed it out for a few years,drained our savings and annuities.The last 5 years the trade unions have been scrambling for workers.Took in lots of apprentices.Now it is starting to dry up again .I am not talking about housing but commercial work.Condo,office and apartment buildings.There is always some down time in the winter but has lasted for months instead of weeks this year.What i'm hearing is the rest of this year is the last hurrah.You must remember these big projects are planned years in advance.The mood at my union hall is not optimistic long term.Deja vu all over again.My .02
 Quoting: Shetland Pony Dog


where i live, there has been an insane building boom with property values skyrocketing.

about 6 months ago, a decline in this boom was showing .

3 months ago, housing developments that were selling a 100 a month went to 50 a month.

builders in the know are cutting way back.

the peak was about 6 months ago and now headed down. The only thing keeping it going is that people are STUPID and buying at the near peak.

as soon as people wake up to the dropping prices, they will NOT BUY simply because they know their house will immediately depreciate. People will put off a new house until the market takes it's dive.

2019 = 2007
 Quoting: Anonymous Coward 76869839


 
Please verify you're human:




Reason for reporting:







GLP