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Tractor Talk Discussion Forum

the economy and your area?

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havvey

09-12-2007 04:56:13




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Here it slowed down a lot, real estate is not moving; autos, tractors etc not moving. construction the same. Seems like money has dried up people are just doing the basics. Your opinions




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Don-Wi

09-13-2007 22:54:48




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
If you're a machinist like me, then the economy in my area is great. I could go to any shop in the valley rihgt now and they'll be short atleast 1 man.

Donovan from Wisconsin



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NC Wayne

09-12-2007 18:56:41




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Things are still booming around the Charlotte area. I have got a few friends in the construction and development business and they say the market has slowed down for houses in the $200,000 range but when you get into the $600,000 range they can't build them fast enough. The biggest thing slowing down development around here, from what I've been told, is getting the permits for sewer and water. They can't build without both but there simply isn't enough infrastructure in place to handle the demand for either one.

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NE IA Dave

09-12-2007 18:55:48




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Sorry guys but I don't bite into the unemployment numbers that are thrown around. I'm not sure if they figure the way they did a few years ago and all. This being said, doesn't the figure reflect benifits paid out? Numerous ones in NE IA have used up their unemployment benifits and still have no jobs. This used to mean our government assumed that they had a job because the benifits were no longer paid out. I will stand corrected of course if some one knows different.

Our small towns are drying up, no cars are parked in my home town in the business area. The town is only 700 people, but parking on main street used to be tough at times. Seems now any vehickle that passes through gets stares from us red necks.

The last five years has given the big farmers a extra charge, hard to buy land unless you have a inside track. But the small farmer, and small business man are hanging by a thread at best because the large corperate farms bypass the small town businesses. And the small farmers have cash flow issues unless they sell their farms to the big guys.

Our schools have dropped in numbers, but seems it takes alot more teachers per student than it did years ago.

Our politicians always seem to need more money, and are very creative inventing new taxes that does't cost anyone anything acording to them. We don't have a local option sales tax for politicians yet, but do have alot of local option taxes it seems for other things.

Everyone has a plan to spark up the town, but our town EMS is dried up in the daytime work hours. Same thing goes for the fire department. I'm a old boy on both departments, and have made three EMS calls in the last week by myself. Also had one that no one showed up. We don't have any ideas left to encourage the younger ones to get involved. At one time we had twenty six EMS, now only six. I certianly don't blame anyone for getting a job out of town, just wish it was different.

Daycare centers charge almost half of what any min. wage job brings in (net), and they get paid regardless if the child shows up or not. Based on 2,000 hrs a year, a person with one child, well--- yea that leaves about $5,000 if any taxes are witheld. Then if the parent is any kind of a good parent they are expected to carry health insurance on themselves and the child, (insert your own logical guess here). Most jobs require a car and gas, and auto insurance is required by law. So now the parent is still homeless at this point with out a food budget.

Well anyway I guess the young folks will see bright lights, and may come back here to retire some day.

We all kinda think things will turn around soon, and thats all we can hope for. Myself I consider lucky, many would consider me poor, but my belly hangs over my belt, and I got a roof over my head, so I got it alot better than many others do.

We have a large number of folks going broke, some have been trying to go broke for years, others just no decent paying jobs. The poor are with out doubt are headed up that real famous creek with out the paddle.

I'm guessing, but would suggest that around 50% don't have health insurance, and many try to refuse care because of the costs. I get tears in my eyes many times thinking what the golden years have done for many hard working folks. We can never understand what a life of poor health can do to the big pile of money some folks had planed for.

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RMinVa

09-12-2007 17:28:06




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Well since 2001 we lost all the Burlington ind. plants. Last one closed about 4 weeks ago.(3 in this area) Last year Dan River Mills shut down. Danville Va. unempoloyment jumped to 13%. The Dan River plant in the town near me closed and just under 400 jobs were sucked out of that little town. It was around 2003 that Pillowtex near Martinsville closed.That shot them to 15% unemployed in that county. That was around 1,200 jobs. Osullivan (sp) in South Boston Va. closed last year. Several hundred jobs there gone. Burrus hardwood flooring plant close last year in the same little town that the Dan River plant is in. That was a few over 300 jobs gone. All this in about a 100 mile radius. I'm sure I missed some of the smaller plants.

Then we had the tobacco buyout. We use to grow more tobacco in this county than is grown in the state now. So we've been gutted in this area. Many folks just moved away. Biggest thing going around here is the re-education and training under the free trade act. All those folks that lost their job get a free education for 2 years with pay just like a job. So they are not counted as unemployed. They get a pretty good deal to go to school for two years and get a pay check every two weeks under the free trade act. Our tax money at work. Hard to understand our jobs going away and then pay people to go to school to train for new jobs and there are no jobs to train for.

We did get a new Walmart. Wife lost her job and now working at Walmart for less than $8 per hour. We have several Canadian companies that moved in making paper plates and napkins.Under 30 folks work at those places. Very small operations. Guess they got the 10 year tax free deal too. Those are all under $7 per hr jobs. So as long as all of you pay your taxes the folks here will keep going to school. LOL LOL Makes a lot of sense doesn't it.

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37 chief

09-12-2007 16:43:48




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
When I see fewer Mexicans standing on the street corner looking for work, I feel the economy in my area of S. Calif is doing good. Stan



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Dave from MN

09-12-2007 17:48:02




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 Re: the economy and your area? in reply to 37 chief, 09-12-2007 16:43:48  
Thats cause they are all heading back to Mexico cause thats where alot of the jobs have relocated to.



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Paul from MI

09-12-2007 15:41:14




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Here in So. Central MI things are not good, especially if you want a manufacturing job. Only mfg. companies that are busy are making parts for Honda or Toyota. There are a few jobs in the service sector but pay is low. Unemployment is about 8%
Newspaper has two pages of foreclosures very day. Amazes me how some people think you can borrow money and never have to pay it back. Doesn't look like anything will change soon. Won't affect me, but I worry about my kids.
Paul

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cargocult

09-12-2007 11:47:08




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
In My Area..the Bottom has dropped outta the overheated Real Estate market! My R.E. Agent sezz nobody has called for many weeks about property in our price range. As far as jobs, there are many jobs in lower wage categorities, but precious few in the higher wage category. Lottsa "Help Wanted" signs in convenience stores & restaraunts, etcetc. Still a lotta construction going on 4 now..but soon as everybody's current projects get completed....well, glad I don't work construction anymore! Many folks are surviving on welfare,retirement form elsewhere, savings, gummint job paychex, etcetc. Many of the Next Generation are leaving..never to return! Sad, but that is the way it is here. **@&#^Yuppies have invaded & priced the land far too high 4 locals to be able to afford to live here!! Oh, well, like I always say...."aadticdai" CC, who is sad that they are ruining my area!!

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Tradititonal Farmer

09-12-2007 10:14:30




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
As uaual the economy is good for those that want to work an use some common sense and bad for the lazy and irresponsible.Easier to make a living than it ever has been in my memory



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Jim in NC

09-12-2007 10:06:08




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
No real estate worries here . If you are in construction, or development, or real estate the politicians will love you here as most of them are also in the business. They are tryin to plant construction of some sort on every piece of ground available. They look at farmland as undeveloped and want all of us just to disappear. I guess they want to eat Chinese food.



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RayP(MI)

09-12-2007 08:29:46




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Economy here in west/central Michigan has taken an awful beating. Several major employers took up and left, or just shut down. Especially auto parts suppliers, and then there was the Electrolux - largest refrigerator manufacturer, relocated in Mexico. Folks are really hurting here. Yard sales all over, spare cars, boats, motorcycles, recreational vehicles, other such toys in yards all over with for sale signs. Seems like about every third house has a for sale sign on it, many empty of residents, begging for new owners. Yeah, we have the highest unemployment in the nation, almost twice the national average. We"re hurting! BAD!

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dhermesc

09-12-2007 08:56:33




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 Re: the economy and your area? in reply to RayP(MI), 09-12-2007 08:29:46  
I hate to say it but unemployment rate twice the national average is only 8% or so. That isn't that high - the "boom" years (then the bust) of the mid 1990s the national unemployment rate was 6% and at the time was considered to very low.



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Spook

09-12-2007 12:26:16




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 Re: the economy and your area? in reply to dhermesc, 09-12-2007 08:56:33  
Michigan has always been a leading indicator state. If a boom comes, we boom first, people want the expensive cars and trucks we make. If a recession comes, we go down first - people hold off on buying the big ticket items. Your area might not see our ups and downs, but we can't see the bottom yet here,so you might see some slowdown at some point. As far as real estate, houses are dropping more every day. Even the vulture buyers are scared, they don't want to catch a falling knife. But farmland seems to be holding value, or even going up some. I think the ethenol plants help that some.

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Vern-MI

09-12-2007 08:52:46




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 Re: the economy and your area? in reply to RayP(MI), 09-12-2007 08:29:46  
Don't worry Ray, the legislators in Lansing will solve the problem this week by raising our taxes.



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Bill in Colo

09-12-2007 07:40:34




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Northwest Colo

GAS!!!!! !!!!! !

As long the rest of the country need gas we'll be fine
You can't find a house to rent or buy,if you can or want to work you can most wages are $20 plus per hour plus $100 per- diem (legal status,disablity or age doesn't seem to matter) .Bring your own R.V. to live in



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dhermesc

09-12-2007 08:58:50




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 Re: the economy and your area? in reply to Bob Farrell, 09-12-2007 08:27:37  
"The economy in Colorado should boom for the next 30-40 years as the oil shale deposits that are on Federal land is developed. More "proven" oil reserves in that area than all of the reserves in the Middle eastern countries (saudi arabia, Qutar, Yemen, Iran, etc.) COMBINED."


Don't worry the tree huggers will find a spotted owl on it and the feds will ban the developement so we can keep funding the terrorist in the middle east.

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Dick L

09-12-2007 07:38:23




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
People claim the economy is slow here but I could use three people out in the plant and I cant seem to find anyone that wants to hire on. This is fair week in this county and we have never been able to hire unemployed people during that week. Maybe next week I can find out how the economy is. I think it is good here though.



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ed19

09-12-2007 07:32:32




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
In the SW corner of Kansas in the small towns we are loosing businesses and people are relocating. Yes some farmers are getting new equipment but on leases and also loosing sleep at night. Yet it still amazes me that we hear how good the economy is outside of the housing crunch. Yes its true that the housing issue is caused by over eager lenders and stupid people being baited but what about the people that lost their jobs and can't get the next payment. Maybe if AMERICA opened its eyes they would see that it is time to start taking care of AMERICANS FIRST!! Bring back the manufacturing. Instead of saying America feeds the world maybe it should be America feeds americans

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Bob Farrell

09-12-2007 07:31:37




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
I'm from Cushing, Oklahoma where our slogan is "The Pipeline Capital of The World". We have dozens of very large crude oil storage/transfer tanks in the area (from 500,000 to 2,500,000 gallons capacity each) and building more and more. Several major pipelines (for crude oil and finished product - diesel and gasoline) criss cross here and handle not only locally produced crude but also a significant portion of the imported crude and fuels from the Gulf Coast. More pipelines are under construction to handle crude oil from Canada. The economy is booming. Pretty good paying jobs available (unemployment is zero for those that want to work). New Walmart Super Store under construction. The infusion of oil money is trickleling in to schools, roadways, businesses, etc. Great place to live economically. Come see us. Bob

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Dave from MN

09-12-2007 07:36:30




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 Re: the economy and your area? in reply to Bob Farrell, 09-12-2007 07:31:37  
Sounded good till I say the "superwalmart"- so much for goodpaying jobs at that place.



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mjbrown

09-12-2007 07:03:06




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Here in Ithaca NY, Cornell and Ithaca College are the big employers. The economy is never red hot nor does it ever go cold just chuggs along about the same every year. I want to thank all of you who send your kids and money to Cornell.



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cowman1

09-12-2007 06:22:48




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 Well Here in Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Well Here in Spokane WA area there is such a shortage of welders and machinists the head hunters are paying signing bonuses. Companies that need them are backing up orders. Glut of new houses for sale , but no fire sales yet!



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Haywood

09-12-2007 11:35:24




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 Re: Well Here in Re: the economy and your area? in reply to cowman1, 09-12-2007 06:22:48  
I agree, I have had 4 job interviews in 5 weeks.
That pay over $45,000 a year. And I am 48 years old.

I have declined to interview with 3 companies trying to recruit with big incentives to relocate.

So things are happening here in Spokane,
Washington. A lot of need for Electricians, Framers, Construction supervisors, Truck drivers, HVAC and Healthcare workers.

Many openings for professionals.

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El Toro

09-12-2007 05:56:42




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
The local paper here in MD is full of repossessions on homes that were purchased without any collateral and buyers with bad credit and some with a mortgage rate of 9.75%.

One home has a $900,00.00 mortgage with a rate of 8.75%. They're all going to be sold at auction this month. Countrywide Finanical has laid off 12000 employees so far. That's probably just a drop in the bucket. Hal
PS: Nurses are in big demand.

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VAJerry

09-12-2007 06:52:02




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 Re: the economy and your area? in reply to El Toro, 09-12-2007 05:56:42  
Here too. The company I work for is throwing money at us to work OT. Good money but you can't spend it if your dead.



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El Toro

09-12-2007 09:34:44




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 Re: the economy and your area? in reply to VAJerry, 09-12-2007 06:52:02  
That overtime is how I paid our home in 10 years.
They're still working a lot of OT where I retired from. Hal



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Mike M

09-12-2007 05:53:30




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Northeast Ohio and the highest forecloser rate so far in the country. Things aren't that good. Work is slow so I get more time to play here on YT.



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Ken from Pa.

09-12-2007 05:50:53




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Here in this small town of Franklin, the hospital , doctors , lawyers , cops & prisons & oh ya, the welfare employees jobs are booming . Factories are almost extinct . The banks & sherriff are having a hayday taking the poor folks homes away from them that can't work due to disabilities or just can't find work .The city council wants this town a Historical tourist town . All residants, ta he_ _ with ya .Even farming is almost gone around here . Go figure . God bless America , Ken

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MNBob

09-12-2007 05:34:44




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Pretty much ditto of Dave here in Bemidji or north central MN area. City has an article in the paper this morning about how there is still building, one expansion and two new fast foods. What we need is a few business's that pay a living wage and benifits. More logging than farming in this area, and its in a slow down with summer tourism taking over. But you all heard the old joke, "They come here with a hundred dollar bill and clean coveralls and go home without changing either".

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Rich Va

09-12-2007 05:31:59




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
No shortage of CATS.



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Doc Larry

09-12-2007 05:26:13




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 Tractor economy?? in reply to havvey, 09-12-2007 04:56:13  
Far as I can tell, economical tractors have less power and move along fairly slowly across the field, but them big strong fuel hogs pull at a pretty good clip. You were talking about tractors, right?



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randy47

09-12-2007 05:24:43




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Im in northern Michigan lots of lay offs lots and lots of forclosed property and the most property Ive ever seen for sale..I just bought 17 acres for 25000. would have liked to pay less but it butts up to my home and did not want someone else to buy it and build there . I feel secure in my job, my wife can stay home with the kids so for me personally things are very good but alot of my friends are looking for work

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hillbillyOH

09-12-2007 05:18:57




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Things are pretty slow around here, as well. There just isn't the expendable wealth that there was even 4 years ago.



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Allan In NE

09-12-2007 05:18:16




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
Ecomomy "here" tanked in 1953. Don't think it ever recovered. :>(

Allan



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Dave from MN

09-12-2007 05:11:35




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  
My area is seeing mortgage forclosures increasing, I would say every 3 months the number doubles, at least, and ussually the amount due is far more than the original amount financed. Houses are NOT selling, yet the county is still approving developments left and right. !st house across the road in that new development is having open house this weekend, I have heard asking price is $550,000. Over $100,000 more than I paid for this farm. Wonder if it'll sell? Farmers are upgrading equipment, some are expanding. Low wage jobs are on the rise, high wage/benifit jobs are few. New auto's seem to be all over for some reason. Land prices remain high due to a few wealthy people contuinuing to purchase land for above average prices. This is what I am seeing, I am sure the county and city officials would paint a different picture.

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Eric SEI

09-12-2007 19:37:28




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 Re: the economy and your area? in reply to Dave from MN, 09-12-2007 05:11:35  
Here west of Cincinnati the builders are complaining that new home construction was down last year, from the year before, and that was down from the year before that. But they aren't slowing down on building new subdivisions.

All of Cincinnati's growth is to the NE at Mason (King's Island) or in KY near the airport. I don't know why city people would want to come out here and live in subdivisions just like the ones they are leaving behind and drive into the sun every morning.

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sammy the RED

09-12-2007 05:07:47




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 Re: the economy and your area? in reply to havvey, 09-12-2007 04:56:13  

havvey said: Here it slowed down ..... ...


Where is "Here"
Please put your location in your profile. TY. third party image

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Dave from MN

09-12-2007 05:13:00




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 Re: the economy and your area? in reply to sammy the RED, 09-12-2007 05:07:47  
Sammy the red, am curious, what "profile"??



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Leroy

09-12-2007 05:29:17




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 Re: the economy and your area? in reply to Dave from MN, 09-12-2007 05:13:00  
He is using the new site that you can tell very few are using from the posts that transfer over here to the old site. Who knows what they have on there? Not me! And to me the posts that do transfer over are hard to read. And in Ohio it is as you say about MN. Seams nobody can build an affordable type home, they all have to be the McMansions and those are what is causing the foreclosure rate to go sky high.

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Dave from MN

09-12-2007 05:52:13




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 Re: the economy and your area? in reply to Leroy, 09-12-2007 05:29:17  
One of my best freinds is trying to sell his home right now, cause he found his "Dream Place" in a foreclosure sale. He paid $170,000 for it 5-6 years ago. He and his wife have refinanced a few times to(as the lender says) utilize their equity as cash (based on appraisel). So now he is trying to sell his house for $239,000. Well, that would be nice for downpayment right?? Get this, he said if they get what they are asking, they would have $10,000 for a downpayment after they pay off the current mortgage after the sale. Ya, SOME lenders sure do help you out dont they. I couldnt beleive it. I wish him the best, but he'll never sell the home for asking price, will come out with $0, finance more than he has now, cause the lender makes it APPEAR, that his cash flow is fine. I told him stay where he is and pay the flippin mortgage down and quit borrowing against it for things he wants but cant afford at the time.

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Vern-MI

09-12-2007 09:01:14




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 Re: the economy and your area? in reply to Dave from MN, 09-12-2007 05:52:13  
He won't listen to you Dave. His habits were formed early in life and will take a major economic occurence to change his ways.



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dhermesc

09-12-2007 06:19:46




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 Re: the economy and your area? in reply to Dave from MN, 09-12-2007 05:52:13  
Sounds more like the guy borrowing the money screwed the lender. He's borrowed $229,000 on a house he only paid $170,000, he's already made $59,000 without paying any principal.



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Dave from MN

09-12-2007 07:49:44




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 Re: the economy and your area? in reply to dhermesc, 09-12-2007 06:19:46  
Would be smart if he had $59,000 somewhere right now. Instead he has a $18,000 truck that he paid $38,000 for with Equity money, a $2000 ATV, that he paid close to $5000 for, and a car that is worth maybe $8000, that was they paid close to $15,000. So, if the house doesnt sell, he's basically paying on a ATV, Car, and truck, for 25 years????? I do not beleive using home equity to borrow against is a smart move unless you are desperate, or have an investment plan, that will get that mortgage payed back, quickly, with extra left over. Ussually people borrow against to live a lifestyle they can not afford. Just my opinion and current charge in the financial part of my life.

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dhermesc

09-12-2007 08:23:42




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 Re: the economy and your area? in reply to Dave from MN, 09-12-2007 07:49:44  
I agree that the idea of paying 25 years on a couple vehicles and an ATV is just plain stupid. Especially when he probably didn't "need" a single one of those items.



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KRUSS1

09-12-2007 06:43:04




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 Re: the economy and your area? in reply to dhermesc, 09-12-2007 06:19:46  
In SW Manitoba the non farm economy is booming due mainly to oil exploration and development. New housing developments are frequent and values of homes are increasing dramatically. Farm economy is stable at best. The large operators are getting larger. Small operators need a good job to keep the farm afloat. Many farmers are experiencing a very good year this year, but most feel it is long overdue.

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