0 votes

Something is going on now!! From the GROUND!

NOTE: Location Portland, Oregon
BUSINESS:Electronic Sales
.
Well, I have been here awhile and I am seeing a big change taking place in the economy around here. It is very interesting. Homes are selling all around my area. Business properties are selling. Over Thanksgiving weekend we broke all sales records, and it is continuing....Many foreclosed homes have multiple offers ready to close.....
.
This is very interesting as I watch this unfold.
.
Are you guys seeing this, or still gloom?



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

What I'd Like To Know About Portland Is;

Do you see any help wanted signs posted outside any businesses?

If so, what kind of business are they?

beesting

This is a "rebound"

I say "rebound" because it is artificially created. People have gotten used to extended inflated prices of homes for so many years that even after they have fallen considerably they are still not a good deal, but a lot of the "suckers" think it is. Sadly, people like my cousin, who are buying homes because they think they are getting a break are going to loose everything.

I've already made about 25% on my silver in the last year or so, that's where I'm putting my money. Hopefully others are as well cause we are going to need the money to invest in factories once the collapse occurs.

I reserve the right to govern myself.

I reserve the right to govern myself.

New homebuyer credit. Not a

New homebuyer credit. Not a good thing.

Just talked to my realtor in rural western Nebraska...

home sales are going great guns, they don't have enuf inventory! BUT that's due to the first time homebuyer grants. Folks who normally couldn't afford a down payment now have access to one through that program. Also she said that as long as I don't own a home now (even if I just sold mine), I could qualify for some of those programs. Not that I'm planning to. But, in my mind this real estate situation is kinda like the car sales under the cash for clunkers program. People who couldn't afford the up front costs suddenly could ... and took the opportunity to get more in debt. Will these recent real estate sales come back to bite, when these low income families who couldn't normally afford these homes all of a sudden can get into them, but may not necessarily be able to keep up with all the later costs associated with owning a home??

New car registrations

down 20% in Arkansas in 2009. Even after the cash for clunkers. How about your State? The only "green shoots" I'm seeing, are plants that have been sprinkled with government money. And we all know where that comes from. I wish I had one of those trees growing in MY backyard!

alan laney

In my area

we are mainly seeing allot of layoffs. The housing situation does not appear
to be as effected yet.
Some store closings but nothing alarming. The trend I have seen over the past couple years in the town where I live is that as businesses have closed the medical industrial complex have snapped them up. I told my husband a couple years ago..all our town is going to offer in a few years is, Walmart, Churches, Banks and Medical places as they have been the only ones really building and expanding. I expect to see the churches slow down now as the lay offs are going to start putting the hurts to them.

meekandmild's picture

In Buffalo MO

we are getting new business', but they are getting large government grants to compete with already established local business. How can a local business compete with a business that is being supplied "free" (our) money.

There are always those eager to grab a 'bargain'...

And foreclosed homes may seem like a bargain... but only if you can resell it! As for storefronts, it's like that here too (northern NJ). Instead of looking at how many new businesses start, look at what the turnover is. We're had one storefront turn over three times in the past two years! They may be available. Owners may be making concessions and accepting less in rent. that does not mean that we are in a 'recovery' by any stretch of the imagination.

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

Lots of empty storefronts around me

But that was common before the economy took a nose dive-mostly because the big box retailers (target, BJ's, etc.) came into the area. I've heard real estate is dead, and getting rent checks is normally late. -southeastern PA

_ _ _ _ _ _ _ _ _ _
Start getting freedom today by dumping Federal Reserve Notes, Stocks, Banks and anything made outside the USA. Buy precious metals, real estate, businesses, food and guns and get your business community to use local or sound currenc

My state, Wyoming has been doing okay,

except for building, which is worse than I have ever seen it for 40 years. But other things were doing well, but thanks to Obama, the oil/gas/mineral places which keep the state going just shut down last week. LOTS of people just laid off. I now expect that it will show up in other things soon.

Here in Morgantown, WV

we have townhouses popping-up everywhere, I mean everywhere, thousands of them but they don't looked filled. A giant shopping plaza, most of it not even completed, on hold, while McDonald's and other junk fill in the vacant space. Morgantown didn't get hit by the bursting of the bubble, thats cause our bubble is still filling up.

Very

depressed around here...

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond
BAN ELECTRONIC VOTING!!

The band played on as the Titanic sunk.

People will spend but is it saving they have or is it on credit cards? If houses are selling, what are the down payments and loan rates? We can not judge our economy by appearances and understand how things are. It is good to know this information and I appreciate your sharing it with us. People are eternal optimists, which can be good and bad it seems.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac are still in business and I still see no and low money down home loans being advertised. Just another bubble being created.

gloom here. A prudent man

gloom here.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

lots of vacant buildings,

lots of vacant buildings, but everyone is still out shopping. were not as affected here (Minnesota) as other markets, theres still a lot of foreclosures coming in 2010, so we will see how this next year shakes out.....

The Real Estate market here

The Real Estate market here is dead, Green Bay-Fox Cities, WI area.

Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny."- Thomas Jefferson

There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan

"Invest only in things that you can stand in front of and pr

Wonder if these are normal families

or if foreigners are coming in to invest?

Been trying to help a family member buy a cabin, or find a cabin, in New Mexico and by the time he gets ready to move on one, it is gone.