Economy is horrible!! Business owners come in...

1cleanm6 · 11-28-2008, 11:36 AM

hey there folks the economy is really crazy right now? How long do you guys see this going on for?

Also for the business owners how much have your sales dropped from year to date from late year? Or Quarterly...

BaLLzZz · 11-28-2008, 02:56 PM

I see this going on for at least a year or two. People need to feel secure before they start spending again. I hope the holiday season can make a nice little turnaround. Who knows people are running scared.

BoostedBMW · 11-28-2008, 02:59 PM

I really hope the housing market turns around sooner than later because I haven't made a dollar YTD. I'm into my investments for the right price, its just that there are no buyers. Just have to wait it out I suppose.

Spool · 11-28-2008, 03:14 PM

Sister bought a house 2 years ago for a mill, now it's worth 600K...her business also dropped at least 40% in revenue compared to 2 years ago...

luckily im a bum and is not hurting too bad from this economy

gonzo · 11-28-2008, 03:20 PM

Quote:

Originally Posted by BoostedBMW

I really hope the housing market turns around sooner than later because I haven't made a dollar YTD. I'm into my investments for the right price, its just that there are no buyers. Just have to wait it out I suppose.

BoostedBMW · 11-28-2008, 03:27 PM

Quote:

Originally Posted by gonzo

Haha... that's why you need to save for a rainy day, but aren't all Americans good at doing that?

At least in the building field bad times like these weed out all of the people who were trim carpenters and framers 2 years ago and are now calling themselves builders. When the real estate market was hot you could pretty much take a dump, stick a for sale sign on it, and some moron who made $10/hour would get a mortgage on it, which they have now probably defaulted on. Things will turn around, it just takes time.

gonzo · 11-28-2008, 03:33 PM

No. No I am not. Or should I say I will be from now on.

BoostedBMW · 11-28-2008, 03:35 PM

Quote:

Originally Posted by gonzo

No. No I am not. Or should I say I will be from now on.

Just start after you pull the trigger on a P-car. You know you want to.

AtoB · 11-28-2008, 03:46 PM

was in an upper-scale mall today... last year BF it was a zoo.... today it was empty.... scary.

lkn · 11-28-2008, 03:50 PM

most likely for another 16 months until we see change.

BMdblU · 11-28-2008, 05:55 PM

I'm in retail and our sales are down 15% from this time last year.

gonzo · 11-29-2008, 06:32 AM

Quote:

Originally Posted by BoostedBMW

Just start after you pull the trigger on a P-car. You know you want to.

I wanted to two months ago. Today is the same common sense voice in my head...."Hang loose until I close a monster account".

There will be plenty of great deals out there. I wish I did not have this addiction for automobiles. I really do. When I get on the scent I think about them on and off all day and night.

Luckily I market a service that is actually easier to sell when things are tight.

mvagusta · 11-29-2008, 01:10 PM

food business.. down 15 to 20 percent...

darkphantom · 11-29-2008, 01:15 PM

retail is a bit slower, but not by much. People still need gas and food....and since gas is cheaper now, people buy food with the money they save...

myself though...i'm going to be unemployed come the end of december....so I guess I'll be joining spool in being a bum...sadly....then i'll have to wait for the tax refund to get my rims

11-28-2008, 11:36 AM	#1
1cleanm6 Brigadier General 441 Rep 3,668 Posts Drives: M5 comp/Range/i3S Join Date: Feb 2008 Location: Earth iTrader: (7)	Economy is horrible!! Business owners come in... hey there folks the economy is really crazy right now? How long do you guys see this going on for? Also for the business owners how much have your sales dropped from year to date from late year? Or Quarterly...
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11-28-2008, 02:56 PM	#2
BaLLzZz Colonel 127 Rep 2,298 Posts Drives: e92 335i Join Date: Aug 2007 Location: NYC iTrader: (5)	I see this going on for at least a year or two. People need to feel secure before they start spending again. I hope the holiday season can make a nice little turnaround. Who knows people are running scared. __________________ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein 01 e46 m54 - Current : 14 f10 n26 - Boring & Gone : 15 f30 n26 - Current : 08 e92 n54 - Gone & Missed!!!
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11-28-2008, 02:59 PM	#3
BoostedBMW Moderator 132 Rep 6,775 Posts Drives: TiAg E92 335 Join Date: Oct 2006 Location: Raleigh, NC iTrader: (14) Garage List 2003 S2000 [0.00]	I really hope the housing market turns around sooner than later because I haven't made a dollar YTD. I'm into my investments for the right price, its just that there are no buyers. Just have to wait it out I suppose. __________________ -Michael. Berlina Black S2000 CR is now in the garage l 19" Rial Daytona Race l KW V2 l Eisenhaus Race Exhaust l
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11-28-2008, 03:14 PM	#4
Spool ****** 558 Rep 6,169 Posts Drives: A few Join Date: Apr 2007 Location: DC Metro iTrader: (24)	Sister bought a house 2 years ago for a mill, now it's worth 600K...her business also dropped at least 40% in revenue compared to 2 years ago... luckily im a bum and is not hurting too bad from this economy __________________ MKIV 6spd 1000hp Club
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11-28-2008, 03:33 PM	#7
gonzo Lieutenant General 10199 Rep 14,398 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	No. No I am not. Or should I say I will be from now on. __________________ Crazy Diamond
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11-28-2008, 03:46 PM	#9
AtoB Major 112 Rep 1,262 Posts Drives: Z4M Join Date: Jan 2007 Location: Boston iTrader: (3)	was in an upper-scale mall today... last year BF it was a zoo.... today it was empty.... scary.
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11-28-2008, 03:50 PM	#10
lkn Lieutenant Colonel 23 Rep 1,549 Posts Drives: 335i Join Date: Oct 2007 Location: Orange County iTrader: (4)	most likely for another 16 months until we see change.
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11-28-2008, 05:55 PM	#11
BMdblU Brigadier General 152 Rep 3,983 Posts Drives: F80 Join Date: Oct 2007 Location: Toronto iTrader: (2)	I'm in retail and our sales are down 15% from this time last year.
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11-29-2008, 01:10 PM	#13
mvagusta Lieutenant 16 Rep 473 Posts Drives: 2008 m3 coup Join Date: Jun 2008 Location: michigan iTrader: (1)	food business.. down 15 to 20 percent...
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11-29-2008, 01:15 PM	#14
darkphantom Banned 595 Rep 5,946 Posts Drives: E93 335i Join Date: Aug 2007 Location: The place for Bimmers iTrader: (4)	retail is a bit slower, but not by much. People still need gas and food....and since gas is cheaper now, people buy food with the money they save... myself though...i'm going to be unemployed come the end of december....so I guess I'll be joining spool in being a bum...sadly....then i'll have to wait for the tax refund to get my rims
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