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Is anything selling now?

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Old 10-25-2008, 05:02 PM
  #41
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So true that 'ill cut down on grocerys, will go to work on my bycycle, will ask my children to go walk to school, lower my heat thermosthat in the house and only take a shower per week, use candle light, amd buy apples for christmas to my kids...

if his tread is tru, wait in 6 months to see what I'll do... not a positive futur for sure... I forgot to say I'll let my boat in storage...
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Old 10-25-2008, 05:39 PM
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One hat that I wear is owner, with my oldest son, of the Banana Boat Co. We sold a new single engine 24 banana boat a couple of weeks ago to a cash buyer. He probably would have bought bigger boat with twins in better times, but he is part of a group of people who still have money and don't want the hassle of buying a used boat, car or whatever.

My company is unique as we don't have any overhead to speak of and only sell when we feel the buyer understands the value of what he is getting, the heritage etc. We don't need to sell to make payroll and our reputation has carried us by word of mouth for many years.

My other hat is, I am Chariman of the Board of a small regional bank (Assets under 1 billion) and I see that there is still a lot of money around and there are still many people who haven't invested in the stock market and are not suffering due to the drop of the Dow.

I agree that things will get worse before they get better, but the shakeout is affecting the guys who pretended they had the money, but it was all borrowed. There are still a lot of buyers who have the cash and are being conservative but are still buying what they want.
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Old 10-25-2008, 05:43 PM
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Here is a small bit of good news on housing. Especially for me in my area of expertise.

I know this is true as I just sold my personal home 2 weeks ago.

http://www.sun-sentinel.com/news/nat...,3128851.story

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Old 10-25-2008, 08:30 PM
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It can be summed up in a few short words. "This economy sucks"
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Old 10-25-2008, 08:48 PM
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I was listening to some economics analysis that explained the stock market is "forward looking"...Basically meaning, next year this time we're going to be in a world of hurt!!

Where’s the 700 billion that was supposed to cure all these problems??

Should’ve just given 500k to every taxpayer in the country to stimulate the economy! Still wouldn’t have even been close to 700 billion!
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Old 10-25-2008, 08:50 PM
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Quote:
Originally Posted by Cash Bar View Post
Here is a small bit of good news on housing. Especially for me in my area of expertise.

I know this is true as I just sold my personal home 2 weeks ago.

http://www.sun-sentinel.com/news/nat...,3128851.story

Hey Cash, can you get anything on the water South of Biscayne bay (like into the keys) or north of miami (but close) for under 500k? fixer upper with a dock?
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Old 10-26-2008, 08:39 AM
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Quote:
Originally Posted by Cash Bar View Post
Here is a small bit of good news on housing. Especially for me in my area of expertise.

I know this is true as I just sold my personal home 2 weeks ago.

http://www.sun-sentinel.com/news/nat...,3128851.story

You gotta laugh when it's the realtors that paint a totally different picture. Pay extra attention to the quote about asking prices going to ZERO with no buyers.

http://finance.yahoo.com/real-estate...ls?mod=weekend
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Old 10-26-2008, 09:42 AM
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Quote:
Originally Posted by thisistank View Post
Should’ve just given 500k to every taxpayer in the country to stimulate the economy! Still wouldn’t have even been close to 700 billion!
$700,000,000,000 ($700B) divided by 304,000,000 (304M) equals $2302.63 per person.
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Old 10-26-2008, 11:12 AM
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Quote:
Originally Posted by 2 Trick Rick View Post
$700,000,000,000 ($700B) divided by 304,000,000 (304M) equals $2302.63 per person.
I think the point being made was "each tax paying" US citizen. Not everyone pays taxes, I am willing to bet only a third of citizens actually pay taxes, maybe less.

WILL
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Old 10-26-2008, 11:13 AM
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DEAN says it is going to be alright.So go out and buy a new boat and truck and house and etc etc
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