Community Chat

[millieshops]

More people are okay than were at the bottom of the recession, but plenty of people are still in trouble. Further, even those who are okay are certainly not necessarily living an easy life.

I think money is like politics - it's all local. It's the money in my house that determines what I think about the economy. Yes, there's an effect from economic conditions in general, but it's my own specifics that really count.

[evelomaddict]

gross domestic profit and the consumer price index are the figures that i monitor. how much are you paying for eggs, milk and gasoline? these numbers aren't gauged by political affiliation since neither party gets a discount.

U.S. economic growth slows in fourth quarter; corporate profits fallhttp://www.reuters.com/article/2015/03/27/us-usa-economy-idUSKBN0MN1H820150327

the federal reserves expects to tighten monetary policy by the end of this year, which should strengthen our dollar further.

[bluejeansluvr]

Economy about the same here.

However, about houses selling. I think it's about the house and the price and in some cases, the location.

One house down one street near me, has been on the market for a year and hasn't sold. I pass it and see the for sale sign every time I leave my community.

Another house near me was listed for sale and was under contract in just a few days. So I think it depends on the house, first of all. I am starting to think that the house that's been for sale for a year, is either really unattractive inside or the price is too high/people are just unwilling to negotiate, etc.

[chrystaltree]

......the economy bounced back about five years ago and it gets stronger every year. Of course there are people who are struggling but that isn't due to a weak economy. That's because they are poorly educated and ill prepared for well paying jobs in this economy.

[Snowpuppy]

I spent the weekend at the butcher to stock the freezer and did a big haul shopping trip to stock the pantry.

I figure might as well buy it today. Great investments because it'll be more costly next month.

We're gearing up for a downturn at work. While all the chatter at meetings is happy, happy, just wait till we can hire again......the fact is we're preparing for some tough times ahead.

[chrystaltree]

On 3/29/2015 Snowpuppy said:

I spent the weekend at the butcher to stock the freezer and did a big haul shopping trip to stock the pantry.

I figure might as well buy it today. Great investments because it'll be more costly next month.

We're gearing up for a downturn at work. While all the chatter at meetings is happy, happy, just wait till we can hire again......the fact is we're preparing for some tough times ahead.

Sounds like you are hoping for tough times. I can't imagine why....

[kzeks]

On 3/29/2015 hckynut said:

The Economy is looking very bright again..

Hi Kzeks,

Sure ain't bright around here and in our state the unemployment rate is below average. Glad some think it is good because this old guy sure ain't seeing it.

Love you John... How are you and Cindy doing...

:

Yes, your State is supposed to be one of the States

seeing good times...

[BeckiWV]

Again, I think a lot has to do with where people are located. Some sections of the country are faring much better than others.

(Deleted first draft, sorry).

[Deb1010again]

The disparity between wages has never been greater. The middle class is disappearing. The 5 members of the WalMart family have as much wealth as the bottom 30% of Americans.

The stock market is doing well, but many jobs we lost in 2008 are being replaced by low wage jobs.

[millieshops]

On 3/29/2015 imaclotheshog said:

Economy about the same here.

However, about houses selling. I think it's about the house and the price and in some cases, the location.

One house down one street near me, has been on the market for a year and hasn't sold. I pass it and see the for sale sign every time I leave my community.

Another house near me was listed for sale and was under contract in just a few days. So I think it depends on the house, first of all. I am starting to think that the house that's been for sale for a year, is either really unattractive inside or the price is too high/people are just unwilling to negotiate, etc.

Housing is strange stuff to watch. In my area of Palm Beach County, good single family homes in middle class range seem to sell almost immediately, but lately there seems to be a glut of multi-million dollar homes sitting on the market and that makes it seem as if prices have gone down in the past month. Not really - unless you're thinking of negotiating a few hundred thousand off 3.5 million.

What doesn't sell even in single family are exactly what you said - homes in bad condition or homes that are overpriced. I just saw one of the latter yesterday. Beautiful home, but more than 10% over market and absolutely no willingness to negotiate.