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Economic indicator? Maybe
mogley98
Member Posts: 18,291 ✭✭✭✭
A lady I know owns one of those Vape, Cigarette, beer, Paraphernalia stores.
She was worried, said on the 18th that they usually do about 25K but had only done 18K. I asked why she said same customers but they are all broke.
That coupled with the recent realization that two houses on my street went up for sale and HAVE NOT already been sold.
Perhaps the "stimmy" money and extra unemployment are petering out and the churning real property market cooling off?
Why don't we go to school and work on the weekends and take the week off!
Comments
Hate to sound all gloomy but we are in for some very bad times. I see all these crazy people buying all these expensive cars and fancy houses, and they could not come up with ten grand to ransom one of their kids. Thousand dollar iPhone?? Are you kidding me?? What a dumb * thing to do.
I hope things slow down. I am in the market for a retirement home. This so called pandemic is putting a crimp on everything.
Screw em. I think I will turn off the radio, I don't have a tv hooked up to the outside world, and just be happy for a while. Things are great right now, and there is no telling how long they will stay that way. No sense in worrying about things I can not control.
". Biden doesn't inspire me in the least. Harris is a full-fledged disaster, just waiting to happen."
THAT WOULD THE UNDERSTATEMENT OF THE WEEK!
Biden and inspiration is like,,,,,,,,,well, Tiny Tim tippy and toeing through the tulips with an ounce of crack in his veins.
Searching for Miss Vickey.
Bidenflation.
Dont blame me, I voted for Trump.
The country flows about 9 months behind. Real Estate market has cooled off. So when spring comes and new home sales and construction comes around.. there won't be much. Property will get cheaper when foreclosures start happening mid to late next summer. Inflation will show its real ugly head by spring. Toys will get cheap..stuff folks can live without.
Yep I saw that in southern California after the dot com crash in what 2000, 2001?? The pawn shops were loaded with all kinds of expensive stuff including exotic cars and motorcycles.
Many young people think they need a big,expensive house and car.What they really need is a paid off house and car and neither has to be big or expensive.
Just sold one of my rentals for a LOT more than I paid for it ten years ago. Gonna sell one more and wait for the up coming crash and replace em for half of what I sold these for.🤑
And this market is going to crash. It's not a matter of if, but when.
When it crashes Im buying a beach condo.
Spring-Summer 2022 is when it will crash. There are 2.7 million mortgages in forbearance for COVID. The forbearance ends December 31, 2021.
Vaping is bad for your health, so I imagine it will soon be used as incentive for folks to get the vax.
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
I'm not sure. What's @owles have to say about it?