Retail sales plunge when they expect more lmao. so what happens when all these retail positions fuck off? I wonder how many stores and businesses will file for bankruptcy this year.
Screw turning jobs are fucking off, Retail jobs are fucking off. Yet let's import more people here.
Everything is tapped out.
cnbc.com
finance.yahoo.com
marketwatch.com
"come on man the stock market is up" meanwhile in the real world almost nothing has changed for average plebs except prices have gone up again and wage increases if they even got one didn't exceed the cost by which average living expenses increased. doesn't matter if it was Clinton, Bush, Obama or Trump every president is only in it for the wealthiest
news like this will cause a rally. bad news is good news.
Corporate America is doing great.
Normal America is not.
ive been seeing and hearing a lot of commercials (Seattle Area) lately from agencies like Redfin and Realtor.com advertising their ability to boost home sales and prices.
people arnt *buying* houses, they are just desperate to sell them while the market's at a bubble and they might make a bit of a profit. companies are trying to cash in on this but the whole thing is bound to burst eventually.
that sounds bad. do you see a recession in the next 5 years?
no idea, you'd just think that after the last recession more people in the know would be on the lookout for trends like this that may spell out disaster later on. i remember as a kid seeing commercials in 2006-2007 for ultra-low adjustable rate mortgages and even the reverse mortgage scams after that when the recession started to hit and nobody had any money.
>meanwhile in the real world
You got sources for all that shit you claim is happening, you socialist cuck?
The right is sick of the lleftism in stores, commercials, and marketing. They dumped all over the right/ conservatives and white men. I basically stopped buying new things because of this.
I only know a few people who bought houses in the last year, and the first thing I ask is if they got an adjustable rate mortgage. So far none of them have, and are happy with their rate.
It must be the people I surround myself with.
People are tired of buying what they want to sell them. With the internet they can get exactly what they want.
You sure that's not because people are woke about Freeattle being a junkie town now? They call property crime survival crimes now.
>Everything is tapped out.
Nope. Trump just loves Bezos, unconstitutional corporations and monopolies. .
we've been a permanent depression since 2007 you fucking nigger
Gun sales are through the roof tho
>relative month to month sales
>doesn’t. Matter that they are up at 20 year highs they are down 4% from November
It’s nothign
Since you were a kid let me tell you 2008 occurred after two years of collapsing home sales 10 years of stagnation called the “jobless recovery” and failing banks
Brick and mortar retail has been fucking itself over as much as possible for decades. The industry keeps trying to cut costs to compete with Amazon, but the costs that get cut are things like customer service and product selection in favor of in store pickup, leaving customers no reason to go to the store instead of Amazon. Before it was Walmart whose unsustainable business model everyone was chasing and now they're in the same boat.
adjustable rate mortgages are one of the biggest cancers that kick-started the 2008 collapse, im not even sure if they are legal anymore but they should be avoided at all costs.
junkies are only an issue with downtown Seattle and a couple of surrounding cities like Everett. the entire housing market here is fucked, even in rural areas $100k wont even get you a mobile home in the woods anymore.
Every livable spec of land within an hour drive of the I-5 corridor has inflated in value and developers are building new homes like crazy even though people cant afford them. i like to shop around at luxury homes on Zillow in the $1-3 million range and im starting to see a trend of huge price cuts after they sit on the market unsold for months and months. the demand is there but people cant afford the houses being built, thats why rent has been driven through the roof too. my girlfriend and i pay $1350 a month for a 1 bed 1 bath apartment 40 minutes away from downtown Seattle and most places not in slums have risen about $1500 now.
gun sales have been in the toilet since 2016 brah.
People are still buying these outrageously priced homes in suburbs like Lynnwood, though. A whole commie block of brand new $450k homes were just sold near me.
*Or they were bought by the Chinese. That's a possibility I've considered.
Only boomers buy cheap bullshit and redecorate their homes every 3 months. Add it to the millennial hit list
some companies like Home Depot have stayed healthy by shifting their business model towards providing products and services that people don't traditionally purchase online like lumber, custom mixed paints and flooring installation.
dropping prices can only get you so far, you are better off holding prices at a reasonable level and find other ways to entice customers to enter the building and purchase additional items while they are there. sure lamps and light switch covers are probobly cheaper on Amazon but if you can get a guy to come in and buy some plywood and a gallon of paint he probobly head down the electrical aisles while hes there.
gas has plummeted